Malaysia Kid Internet Business way .....
Today a youngster (30), come to offer me his site, look at the site, traffic stat and so on .......... i'm not really interested but i still ask him "how much you think your site worth " the answer is min 1 million (330k usd), i was shock when i heard and see the way he reply with confidence ...
Reason for expecting prices :
1. The site have PR 5. (sorry i don't give a damn care)
2. Niche site. (Property, cpm should be more then 100)
3. Making profit now (but from my valuation, this site won't make more then rm 2k = usd 650)
4. alexa rank 200k ++
5. Daily traffic 3000uv.
i'm seriously shock with kid mind set now ..... the best he can compare his site with Malaysia top property site :)
Also asking me (my company) to pay rm 30k/usd 8.5k permonth to advertise on his site :)
I'm not try to make joke with this guy but aren't web entrepreneur THINK ?