I Want To Sell My Business, But How?

by HighSociety 6 replies
Hey Warriors,

I don't really know if this is a big mistake or not, but I'm thinking about doing it anyway.

I'm trying to decide whether or not I should sell my website I just built. It's at a point where I think it may be profitable for someone if they choose to market it. Many of you have given great testimonials on the videos, articles and other features - but I'm choosing not to continue with it, because I'm working on other stuff right now...so it's just sitting idle.

It's an Amember membership site integrated into wordpress. The only problem is that it's amember... which ties into mySQL database. I also have used the "incremental content" feature on amember to drip feed content into the wordpress site, so I'm not sure if this all could be transferrable.

It probably has over 15 hours of video, and 10-12 make money articles, with a few co-responding reports.

How would I go about getting the files to the new owner? Is that possible? How much would something like this go for?

Thanks!
#main internet marketing discussion forum #business #sell
Avatar of Unregistered
  • Profile picture of the author HighSociety
    sorry, I forgot to include the link - it's www. Easy Net Wealth System .com
    {{ DiscussionBoard.errors[501370].message }}
  • Profile picture of the author deu12000
    You can give the new owner all of your passwords and tell them they're responsible for moving everything or you can transfer everything for them. It shouldn't be to hard. It's basically pull out the files through FTP, download the database and re-upload and configure.

    I don't know how much it would go for considering it's a $1.95 product. Edit: I see it's a subscription after the initial $1.95.

    Personally I would only pay what the amember license goes for and maybe a small premium for the content if it's 100% original. The adsense check from 2005 is a big turn-off and only one month of earnings from July - August 2008 is another turn-off. From taking a glance at just those screenshots it would make me think the system is either outdated or doesn't work and the screenshots were from doing something completely different.

    The screenshots and no real defined index page wouldn't make me want to pay much for it unless there was still income coming in from sales and memberships.
    {{ DiscussionBoard.errors[501682].message }}
  • Profile picture of the author awesometbn
    Originally Posted by HighSociety View Post

    I'm trying to decide whether or not I should sell my website I just built.

    It's an Amember membership site integrated into wordpress. The only problem is that it's amember... which ties into mySQL database. I also have used the "incremental content" feature on amember to drip feed content into the wordpress site, so I'm not sure if this all could be transferrable.

    How would I go about getting the files to the new owner? Is that possible? How much would something like this go for?
    According to whois, the domain is registered with Godaddy. So that part is easy enough, you can transfer domains for free to another Godaddy user. Also your nameservers seem to indicate your hosting provider is Godaddy, instead of a separate company. In that case, if you no longer need your own Godaddy account, you could just sell the entire operation with your account included. That way you can just remove any personal information from the account, and tell the new owner to change their password and update with their personal information.

    Another option without giving away your Godaddy account, is to export your database, so the new owner can import into their own database. You can do that with phpMyAdmin or another database administration interface. For your actual files, use your web hosting control panel to make a complete site backup. Download the backup file and provide it to the new owner. They can upload to their own web server without your help, or you can get an FTP account from them and offer to do it yourself.

    For selling your site, you can use the marketplace at SitePoint, or a similar service like the classifieds at Warrior Forum. If you are worried about fraud, ask the buyer to use escrow.com (offer to pay the fees or split those costs). As to the value, or the asking price, that is up to you and how you market the offer. I know it is a new site and you registered the domain in November 2008. But you have probably spent a couple of hundred dollars getting aMember installed, graphic design, and setting up everything. One of the main issues is ongoing cash flow, and trying to convince the buyer that cash flow will continue because you have proven the website works and could make a profit.

    Good luck and let us know what happens. Thank you.
    {{ DiscussionBoard.errors[504637].message }}
  • Profile picture of the author IMChick
    • How old is the membership site
    • How many members does it have
    • What is the member retention rate (how long do they stay members
    • How do you advertise it--where does the traffic come from
    I have several more questions but need some basic #'s first. PM me if you are not comfortable leaving a message on the thread.
    {{ DiscussionBoard.errors[504667].message }}
Avatar of Unregistered

Trending Topics