Selling a Web Site - Valuation?

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I currently have a .co.uk affiliate web site that has been running for around a month, and has an income of approx. $495/month.

It takes 1 hour a day to update, which I outsource for $116.70/month ($3.89/hr), leaving me with a profit of $378.30/month. Hosting costs are negligible at a few dollars a month.

Would the site be best valued on its income or profit - and if so, how would you value it? I've seen people talk about multiples of income, but these vary between a few months to over a year's worth of projected earnings.

Thanks,

Tim.
#selling #site #valuation #web

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