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-   -   Got an offer to buy one of my sites...ADVICE PLEASE!! (https://gfy.com/showthread.php?t=901566)

Yngwie 04-23-2009 07:44 PM

Quote:

Originally Posted by Yngwie (Post 15782732)
Personally, I would not sell according to those terms.. To easy for you to get fucked over. It may sound like a good deal, but I'll bet that whoever the buyer is will fuck you in the end. If he/she/they really want it tell them they'll have to pay the full amount in one shot or no deal.

I see it going like this

he/she/they put $15k down
you still work for them and get paid while receiving the monthly payments for the left over $5-50k
you already basically transferred the domain to him/her/them sp it's in their name.
they will skip town and now you will no longer have that site to sell to a REAL buyer who's willing to pay the full price upfront.

Ya, I skipped a lot, but that's just what I see happening without going into to many details. I wouldn't sell.

I meant $45-50k

Pleasurepays 04-23-2009 07:44 PM

you're going to get fucked. agreements are only worth your ability to use attorneys to enforce it. ... don't listen to people saying "oh... you just need a good agreement" etc. its all bullshit. remember there is a significant cost to enforcing agreements.

B O B 04-23-2009 07:51 PM

I could give you an honest answer, but I would need to know your NET

Your gross really doesnt do much for me
$15K down may be more than you made NET the last two years...you never know

TimBlaze 04-23-2009 07:55 PM

Quote:

Originally Posted by B O B (Post 15782766)
I could give you an honest answer, but I would need to know your NET

Your gross really doesnt do much for me
$15K down may be more than you made NET the last two years...you never know

2007 net - 40,200

2008 - 31,300

2009:
jan - 2577
feb - 2333
march - 2409

Fap 04-23-2009 08:11 PM

I was just recently in the same situation, hit me up i have some advice for you.

Killswitch - BANNED FOR LIFE 04-23-2009 08:35 PM

Like the majority said already... Also keep in mind, he came to YOU, you didn't go to him, so don't settle on HIS rules.. make your own rules and tell him it's that or nothing.

TimBlaze 04-23-2009 09:05 PM

again thank you for all the replies guys it is certainly helping a ton in my reply...and i definitely won't be selling unless he steps it up big time

D Ghost 04-23-2009 09:08 PM

Keep it, and think about what you can do to reinvest in the site to increase revenue

Ramster 04-23-2009 09:32 PM

ARE YOU INSANE?

He's only paying $15,000 for the site. He's then using YOUR own revenue over the 3 years to pay you the balance. It isn't costing him anything but that $15K. If he was paying you more than waht the site makes monthly that is a different story but he's not.

Don't take that deal.

LeRoy 04-23-2009 09:39 PM

Quote:

Originally Posted by V_RocKs (Post 15782610)
How about you make someone here an offer of $500 a month to webmaster the site and keep it instead?

Hire three and make it into an even bigger site.

Jim_Gunn 04-23-2009 09:44 PM

I don't even understand why the o.p. was trying to sell the site in the first place. It's his main source of income. Why would you want to give up your main source of income? The site is is making way more money in a year than some random person is offering for it. Why is this even up for debate? College is probably a waste of time anyway, but if you want to, go ahead and knock yourself out. But keep your main source of income! Surely you can work on the site and matriculate for classes, right?

GAMEFINEST 04-23-2009 10:06 PM

lol sell it..

Shoplifter 04-23-2009 10:08 PM

Quote:

Originally Posted by TimBlaze (Post 15782457)
yeah there would def be a contract with a minimum monthly payment clearly outlined. thanks for the replies so far i really appreciate any and all advice


The contract will be worthless if things go wrong. And looking at the world today I think there is a good chance of things going wrong.

slapass 04-23-2009 10:17 PM

if you do want to sell for that. hit me up. icq 166708909

V_RocKs 04-24-2009 01:30 AM

Quote:

Originally Posted by Ramster (Post 15782981)
ARE YOU INSANE?

He's only paying $15,000 for the site. He's then using YOUR own revenue over the 3 years to pay you the balance. It isn't costing him anything but that $15K. If he was paying you more than waht the site makes monthly that is a different story but he's not.

Don't take that deal.

Exactly... Just hire someone to run the shit for you...

rowan 04-24-2009 01:54 AM

Random thought here... is there some sort of domain escrow service that will (subject to terms of a contract) host DNS for a specific period of time? That way if the buyer stuffs the seller around they retain control of the domain... and if the seller stuffs the buyer and doesn't keep up with agreed responsibilities then the buyer takes control... or something. :D Basically an independent third party that holds the key (the zone file) to the site.

Pim(P) 04-24-2009 02:18 AM

Quote:

Originally Posted by rowan (Post 15783384)
Random thought here... is there some sort of domain escrow service that will (subject to terms of a contract) host DNS for a specific period of time? That way if the buyer stuffs the seller around they retain control of the domain... and if the seller stuffs the buyer and doesn't keep up with agreed responsibilities then the buyer takes control... or something. :D Basically an independent third party that holds the key (the zone file) to the site.

I believe Moniker.com provides a long term escrow service.


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