Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Sxi04
quote:
Originally posted by Cosmo
going rate for companies is roughly 3x profit a year.
theres a going rate for companies 
no, not a going rate but if you want to work out a ROUGH (as I mentioned) then 3x profit is an easy way to do it as is always around about that figure.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Rus
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
what Id do 
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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I also
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All Torque
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Registered: 17th Nov 05
Location: Milton Keynes Drives: Ford Focus TDCi
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Could it not work the other way round, like if you kept the site under your own name but he had more involvement and backed you? like sponsorship in a way 
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BigSte
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Registered: 27th Aug 02
Location: Sheffield
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Something doesn't add up here......if you are making 15k per year then surely 5k is absolute peanuts and a complete rip off.
If £40 a day is accurate you will have 5k in 4 months.....seems like easy money to me to be honest for a few hours a day maintaining your site
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Just rang my Dad and had a word with him about this...
He was basically saying alot of what we have said, that it is way, way under what the real value of the company is. He said alot of net companies can go for 30-40x the PE value (search for PE ratio on google).
He said if you were serious about selling it then get a proper valuation done and get it on the market (could be a great price) but suggested getting some people on board with the right skills and really pushing it forward.
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bradfincham
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Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
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would be good if he owned the site to start with 
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MarkM
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Registered: 11th Apr 01
Location: Liverpool
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John
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Registered: 30th Jun 03
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
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Who owns it then, Brad?
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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Is that Bidhopper thing measuring hits to the site or hits via their site? £40 a day isn't shy if you are doing the number of hits a day as we get in about 10 minutes.
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Robin
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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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sell it on ebay.
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bradfincham
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Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
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quote:
Originally posted by robmarriott
sell it on ebay.
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Jules S
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Registered: 24th Dec 03
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Ive given this some thought this evening whilst not actually posting.
I guess at the end of the day its like selling anything, its only worth what somebody is prepared to pay for it.
If this NASCAR guy is trying to buy up the opposition, to get more punters for his auction site (in simplistic terms) then I would hold out IMO....since the later sellers are going to get more ££££
Give it 6 months max...my guess is that he will grow bored of trying to take on e-bay after that. IMO e-bay has just got too globally powerful for anybody to overthrow it, a bit like microsoft in its field
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Jules S
Give it 6 months max...my guess is that he will grow bored of trying to take on e-bay after that. IMO e-bay has just got too globally powerful for anybody to overthrow it, a bit like microsoft in its field
Yeah, I mean the owners of Oracle, Apple, IBM, etc are all kicking themselves for only having 10bn+ and not the 50bn Bill Gates has
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Eck
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Registered: 17th Apr 06
Location: Lundin Links, Fife
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if you're making rough;y 15k a year you'd be insane to sell it for 5k
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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I personally don't think either Microsoft or Ebay are particularly safe....
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Jules S
Premium Member
Registered: 24th Dec 03
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quote:
Originally posted by Cosmo
quote:
Originally posted by Jules S
Give it 6 months max...my guess is that he will grow bored of trying to take on e-bay after that. IMO e-bay has just got too globally powerful for anybody to overthrow it, a bit like microsoft in its field
Yeah, I mean the owners of Oracle, Apple, IBM, etc are all kicking themselves for only having 10bn+ and not the 50bn Bill Gates has
Not sure what you are getting at there mate.
The companies you quote have had to move into different fields in order to survive outside of the OS market.
Sooner or later (legislation aside) MS will swallow them up. Its inevitable IMO.
Apple may survive, but thats like VHS and the other format...its that long ago i can remember it and find it on google 
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Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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quote:
Originally posted by Ian
I personally don't think either Microsoft or Ebay are particularly safe....
imo any auction style site isnt gonna be safe, when you put the masses in charge if the sale/delivery/and payment
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Jules S
Premium Member
Registered: 24th Dec 03
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quote:
Originally posted by Ian
I personally don't think either Microsoft or Ebay are particularly safe....
I disagree entirely.
Money talks...if enough money is available the opposition disappears.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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Time will tell, but Google has long been rumoured to have intentions in the desktop market, they already beat Microsoft in many areas in which MS were previously dominant.
I don't think Ebay is good value. Expensive, but not with the service to back warrant it. Support is non-existent and the fraud protection has already failed me twice.
I personally think the future will yield some changes long term.
[Edited on 02-06-2006 by Ian]
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Antz
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Registered: 28th Jul 03
Location: Leeds Drives: Myself Insane!
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Give it a while before you even consider thinking about selling it... let it run it's course, milk it for as much as you can get, you never know wht might happen in times to come...
eBya might be hit by a massive virus wiping out 50% of it's databases... at that point people will be wanting a new auction site.... publisize yours, get it out there, make it bigger, better...
You never know, you could be the next multi millionaire in your area!
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John
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Registered: 30th Jun 03
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Microsoft are buying ebay.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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I think to beat ebay is to address all which is wrong with it. You would need to know what makes people unhappy with it, and then set about fixing it. Unfortunately thats very difficult indeed with c2c as its impossible to regulate. All you can do it pick up the pieces later if there is a claim of fraud or mistrust.
Its bad enough here - I get a large number of complaints about sales that don't go 100% to plan for whatever reason. Ebay must be silly, which is probably why half of it goes un-noticed.
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MatthewR
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Registered: 21st Oct 02
Location: Rickmansworth
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ask for more!!!
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