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To date most of the sites I have bought I have found and secured, meaning that I did the leg work and bought them direct from owners(privately) and not from the normal buy/sell forums so that I could negotiate direct.
I would then monetise for a month to get good figures and then if I felt like flipping it I would sell, for example I found a nice site for sale that cost $6k, I bought it made around $600 in the first month then sold the site for $14k last month, it is not so much when to sell as much as finding someone that matches your valuation, personally I am sick of seeing twats posting
'that's a bit much'
'it's not worth that much'
'ooh don't you know your sites only worth 8-12x net income'
etc etc
When that happens at times I do get annoyed, geez I hate all those people with no money that love to do valuations! :taz:
Don't get me wrong when I am buying I can spin a yarn about a value but I really dislike random people trying to value a site that is many years old, I'll set the price ~ if people do not like it then it will not sell, chances are I will sell it later for the price I want somewhere else when the trolling stops as has happended in the past.
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~Scott
The difference between involvement and commitment is like an eggs-and-ham breakfast. The chicken was involved; the pig was committed.
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