Printable View
Tell about your experiences of :-
Selling a Website Only Because You Need The Money
This is one of the must frustrating and painful experiences of the Internet
You are out of cash – You sell a site that is doing well – Simply to stop you starving
Then 2 months later the site is doing great and making the money each month you projected
But You No Longer Own the Website !
Damn it has Happened to us it HURTS!
Post here your thoughts of the same or similar experiences
Thanks :)
It was somewhat of a similar experience.
Back in 2007, I sold an image hosting site that was making about $50-60/month. I sold it for $400.
Two days later, I search google for my sites name and I see another sales thread for my site. So, I check it out; and the new owner of the site is selling. His starting bid was $400 and Bin was $1000. Some fool actually bought it for $1000. I sold it because I needed the money, but I only made $400. This guy re-sold it, and made more than me.
I do sell some of my sites when I need the money, but then I see the site performing really well. Can't do much about it. If you go back to buy it, you will be paying much more than what you got for it.
Thanks I know the Pain!Quote:
Originally Posted by 5starpix
Maybe I'll start a website mortgaging system - like what you do in monopoly, but I'll charge a fee. :P
Gee thanks you are my savior :cool:Quote:
Originally Posted by Kovich
Set it up real quick Kovich as I need to mortgage a site
I will pay you a good rate for the mortgage:)
That's an awesome idea if you have capital. Although, its quite easy to get scammed. We should only allow reputable/trusted members.Quote:
Originally Posted by Kovich
PM me the details. :)Quote:
Originally Posted by britishguy
Right. That's why it's important to either screen the person, or make sure you're getting a good deal and that the site can be liquidated or made profitable should the site's original owner try and scam you.Quote:
Originally Posted by 5starpix
Maybe security mechanisms could be similar to gold pawningQuote:
Originally Posted by Kovich
Pledge the gold the pawnbroker advances against the gold
Then when you pay back the pawn cash and interest the gold is returned to you
So say you pledge the domain URL(push URL) the pawnbroker pays you x dollars for the website, when you pay back the pawn cash + interest - the pawnbroker then pushes you back the domain URL
COME ON KOVICH SET UP THIS SERVICE :cool:
That's exactly what I was thinking. :)Quote:
So say you pledge the domain URL(push URL) the pawnbroker pays you x dollars for the website, when you pay back the pawn cash + interest - the pawnbroker then pushes you back the domain URL
And yeah, I think I'm seriously going to start this idea... it's pretty good. What's a good interest rate, though?
Maybe same as pawnbrokers charge rates which is above BLR but is still a good dealQuote:
Originally Posted by Kovich
So and if your due diligence is correct the website should increase in value during the pledge timeline ...........or at a minimum meet it's initial pledge value
That substantiates why the pledge cash will be repayed and the URL returned to the owner who pledged the website
Of course you will have defaulters as pawnbrokers have too
But then you sell on the site 100% to cash back in