GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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Been offered 5k for my site, I think im gonna take it as the sites getting hassle for me now and near enough a full time job 
Yes it's making money but 5k would be nice!
The guy who wants to buy it has just spent over 50k on loads of other auction sites as he is combining them all together to make 1 massive auction site 
He has offered me a job on it aswell and a % of income if I wish
Opinions?
Link here http://www.bidorsell.com for those that don't know
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Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
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why not 
Do it.. especially if he is offering you a part in the new site..
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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depends how much cash the site is making you? if you think it could be more in the long run tell him to off and piss, otherwise it sounds like a good deal tbh - job + % of income
though i would look into what he is offering with the job etc 
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abdus
Member
Registered: 23rd Feb 06
User status: Offline
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yes
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GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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Money isn't an object to him....
He owns a massive Nascar company in USA
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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sell it
take job
earn more money with less responsibility
Result
If goes pear shaped....start another one
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GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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Would never start another, fcuking nightmare
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stuartmitchell
Member
Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
User status: Offline
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quote:
Originally posted by GREG 1
Would never start another, fcuking nightmare
there we go then, all the more reason to sell and let him take the burden 
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gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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dont sell it yet
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Ry_B
Banned
Registered: 1st Dec 05
Location: Solihull, W Mids Drives: 45BHP beast!
User status: Offline
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Depends, how well is your site doing? How well do you expect it to do?
If you've got a part on the new site then all is not lost....even if the new site does become the new Ebay you still get a % of it
Personally I'd probably ask for more or keep it for longer.
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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try and get a bit more then if hes the owner of a nascar company but i would see what the job includes/pay and see if you would make more money in the long run if you carried on with it yourself
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NovaGTE
Member
Registered: 16th Dec 02
User status: Offline
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How long has it taken to build up so far? also could buy the BM for cash mate
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John
Member
Registered: 30th Jun 03
User status: Offline
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GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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Im currently making a steady £40 a day from it.
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Ry_B
Banned
Registered: 1st Dec 05
Location: Solihull, W Mids Drives: 45BHP beast!
User status: Offline
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So like 15k per year
Personally I'd keep it, letting it go for 5k would be madness !!
[Edited on 02-06-2006 by Ry_B]
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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Why sell it if its making you £15k a year??
Keep hold and he can only up his offer...
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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do you think the guy owns a nascar company with the attitude that money is no object? i think the opposite would be true to be fair.
if you really are making £40 a day off of it then your stupid for even fathoming the energy to start this thread you'll make more in 6 months and it'll still be your site
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Liam
Member
Registered: 19th Jan 06
Location: Stafford
User status: Offline
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quote:
Originally posted by MarkM
Why sell it if its making you £15k a year??
Keep hold and he can only up his offer...
dont seel it him for a stupid price, you can make an extra 10k per year, instead of the one 5k payment.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Why is a guy that owns a nascar company wanting to buy a diddy wee auction site would be my question.
I think this is an attempt at some adevertising, imo of course.
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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going rate for companies is roughly 3x profit a year. That is extremely rough but gives you something to go on.
So I would ask for more, or put more of your effort into it (advertising, etc.) and make a proper big go of it yourself.
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John
Member
Registered: 30th Jun 03
User status: Offline
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If somebody buys that for 45k i'll eat my hat.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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quote:
Originally posted by Cosmo
going rate for companies is roughly 3x profit a year.
theres a going rate for companies
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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If its finally started making you money you would be daft to sell it!!!
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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quote:
Originally posted by John
If somebody buys that for 45k i'll eat my hat.
If someone pays 45k for it i'll eat my own shit through a straw!!
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Rus
Member
Registered: 24th Jan 05
Location: SE London, Kent
User status: Offline
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keep the site. If its making 15k a year, pay out for advertizment. Think, if you got double the interest, that would be £30k a year, make it your full time job, then eventually employee someone to help out. Keep it growing
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