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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.
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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 |
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2008 - 31,300 2009: jan - 2577 feb - 2333 march - 2409 |
I was just recently in the same situation, hit me up i have some advice for you.
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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.
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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
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Keep it, and think about what you can do to reinvest in the site to increase revenue
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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. |
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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?
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lol sell it..
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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. |
if you do want to sell for that. hit me up. icq 166708909
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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.
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