they're not going to create an identical forum and catch up to you
if you dont sell. are they?.
definitly not gonna be able take you out of the game if they do catch up. this sounds like fear mongering.
lets be realistic. they are just humans like you. good luck to them, but that isnt happening. forget that fear. PAID EMPLOYEES arent going to MATCH an owners dedication.
or unless,
do you have any realworld examples of where a big forum company came in from scratch and outdid an established forum, and then actually took them OUT? if so the forum
was probably mis managed or something.
dude if you're stressed maybe sell it, if thats a factor.
240k a year, and youd take 2 milllion. shit my partner will probly buy it from you lol , what is that.. 6.5 yrs income?
20k a month in this economy is solid. multi millionaires cant live much better off than you can on 20k, aside from flying private jets.
taking 10k of your 20k per month and putting religiously away into something else you can do too.
its so hard to say.
whatever you decide, dont base it on FEAR!!. if your 20k is almost all net, I dunno. dont make any decision based on fear. whether keeping or selling.
if you took 2 million I dont even know any domains or sites you could buy for 2 million, that would make 20k a month. if there are some plz let me know.
what are you thinking of doing with the money if you sell?
once you sell, I think youd realize how rare 20k a month income, mostly net profit is.
One thing I think is certain. Dude you sound way too nice and excited
GET SOMEONE CRAZY RUTHLESS to negotiate for you, but then again you cant trust anybody to be your representative either.
dont SIGN ANYTHING. without a .com specialist lawyer. and you shouldnt
have to use their contracts.
DO NOT USE THEIR FUCKING CONTRACT without a lawyer. theyll probably try to bar you from competing with them whatsoever. they might even try to bar you from doing forums in another niche.
if you sell it dont use their default contract without totally understanding it.
it sounds like theyre going to get it for too cheap just based on the fact you're not a an asshole. you gotta be a nazi. threaten the guy.
tell him you'll hunt him down if he underpays for the domain. ask him
who he thinks he is trying to take your forum.
dont listen to a WORD they say about selling. actually any advice they give you I would tell them is an insult. accuse them of fudging the numbers
and trying to steal trade secrets.
you cannot OFFEND a buyer away. well maybe, but i dont think so, its pretty hard. and the more you offend them and aggravate them, the more they will pay.
i wouldnt do this as planned, but being that im totally crazy, Ive only accidentally employed this strategy but it works.
yea 2 million is enough to kind of retire though if youre frugal.
but you could also use your net income to get a loan for like 500k and buy an apartment building. keep the forum. and then use that to get another apt.
or rental house.
and get two apartment buildings.
then four. then go donald trump on those bitches. then buy other peoples forums. leverage your 240k net income if you have good credit banks will maybe give you a 200-500k loan on some real estate?
i have major issues when it comes to this kind of thing. I probably need to stay off this thread. If I was your negotiator I would be meeting the guy in person and taking him sight seeing somewhere dangerous.
sometimes, there are just good people, wanting to pay you a good price for your site though.
id just mainly be careful on the contract part to be serious.
is there any one company DOMINATING or MONOPOLIZING the forum industry? if not I don't think your forum is gonna go down in value? i dont know about forums. is facebook gonna compete with forums ever??
I dont think youre supposed to sell a business that is netting say 20k a month unless there is a PROBLEM personally or company wise? not sure.
because getting the money 6 years ahead of time does nothing for you unless you need to spend more than 20k a month. right? or youre gonna buy something a house? a business?
dont buy a fancy house.
or you think you can invest it in something more lucrative?
domains like sex.com dont make 20k a month at the moment. although it will when the new buyer develops it.
money sucks. donate 10k of your 20k to charity,
the karma will quadruple your forum.. CRUSH THEM if they try to compete by sheer willpower.
seriously though:
if you sell dont tell anybody. not your mother, your best friend, sister, girlfriend, not even your dog.
not even your accountant, right away. unless hes a hardcore Mormon.
tell people the site was STOLEN or DIED and you might need to apply at MCDONALDS. dont tell them you have ANY MONEY from it.
or JOIN like HABITAT FOR HUMANITY, travelling abroad, or whatever it is if you sell and act like a poor green-peace kinda person, until you get a good idea what to do with 2 mil. dont take any idiotic friends with you though
and they arent supposed to know you have any money anyways.
and if you decide to sell, you HAVE to tell this company you want a BRAND NEW CAR in the deal, at the end. Tell them you dont know why, but you just CANT do this deal unless they throw in a brand new fucking car.
I'm not kidding about that part at. but do that at the end. Tell them it's the only thing that would sway you into finally selling. you've always wanted
a brand new RANGE ROVER or, goddamn CHEVY VOLT, whatever you like,
but cant buy it with your own money its against your RELIGION or just your morals or your wife wont let you buy it with the actual sales proceeds.
OR, be the first person to say you want to keep 49% ownership of it. sell majority stake.
theres probly no way theyll do it but you could try.
