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Search: Posts Made By: Thomas Smale
Forum: Freemarket.com Discussion 30th November 2015, 12:36 PM
Replies: 17
Views: 3,226
Posted By Thomas Smale
Re: Website for sale

That link is 5 years old. If you're looking for alternative places to sell your website try this post.

Try this one instead: 4 Best Website Brokers to Sell Your Website...
Forum: Main Internet Marketing Discussion Forum 5th November 2015, 04:59 AM
Replies: 14
Views: 702
Posted By Thomas Smale
Re: How much this website worth?

Hi Daniel,

The average multiple for businesses that we sell are 2-3x annual net profit or 24-36x monthly if you will. More specifically we base our valuations on Seller Discretionary Earnings...
Forum: Main Internet Marketing Discussion Forum 3rd November 2015, 04:25 AM
Replies: 7
Views: 395
Posted By Thomas Smale
Re: How To List Aged Domain And Content for Sale?

Try the Freemarket section: Freemarket.com Discussion (http://www.warriorforum.com/freemarket-com-discussion/)
Forum: Freemarket.com Discussion 2nd November 2015, 03:51 AM
Replies: 4
Views: 1,854
Posted By Thomas Smale
Re: I Need Your Expertise on Selling My Extensive Etsy Website Package

You've omitted the one detail that helps answer your question... how profitable your website is!

We sell websites based on a multiple of annual net profit which is roughly between 2-3 (or 24-36x...
Forum: Main Internet Marketing Discussion Forum 29th September 2015, 07:39 AM
Replies: 16
Views: 633
Posted By Thomas Smale
Re: Buying a Turn-key Business

I think the term "established" is being used very loosely there.

We define "established" as a website that is producing growing, or at least consistent, profit over a period of at least 6 months!
Forum: Freemarket.com Discussion 30th June 2015, 06:18 AM
Replies: 12
Views: 5,963
Posted By Thomas Smale
Re: What Are Buyers Looking For To Invest In?

That's why we use an Escrow service ;)

To answer your question, broadly speaking, buyers should be looking at 3 fundamental aspects of an established online business.

Traffic

Are the...
Forum: Main Internet Marketing Discussion Forum 16th February 2015, 03:54 AM
Replies: 12
Views: 665
Posted By Thomas Smale
Re: How to sell a business with recurring income

Paypal is one of the more awkward payment processors, but as mentioned above, *business* accounts can be transferred. There's no way to do it without handing the account over to a new owner. Best...
Forum: Main Internet Marketing Discussion Forum 7th January 2015, 06:12 AM
Replies: 39
Views: 2,187
Posted By Thomas Smale
Re: Bought an e-commerce site on Flippa.. starting to get cold feet

The site is a scam. I've already shown you in my answer here:...
Forum: Main Internet Marketing Discussion Forum 16th December 2014, 12:18 PM
Replies: 27
Views: 998
Posted By Thomas Smale
Re: Is 5 X too much to ask for forums that pull $140k per year?

A lot of nonsense advice in this thread as usual. If you don't know what you are talking about, you shouldn't be giving financial advice on a forum. What if the OP listened to some of the advice and...
Forum: Main Internet Marketing Discussion Forum 20th November 2014, 07:23 AM
Replies: 3
Views: 1,042
Posted By Thomas Smale
Re: Automatically Accepting Bids on Flippa

Usually a simple message will weed out most "bad" bidders. Those who bid just for the sake of it and have no intention of paying.

I would usually just ask for a short background on them and their...
Forum: Main Internet Marketing Discussion Forum 14th April 2014, 10:33 AM
Replies: 7
Views: 443
Posted By Thomas Smale
Re: Selling Your Website More Than What Flippa Offers

I've sold well over $10m in sites to a variety of clients. I'm not sure I believe his - offline buyers usually have far higher expectations than "online" buyers in terms of revenue history etc. and...
Forum: Main Internet Marketing Discussion Forum 1st April 2014, 04:35 AM
Replies: 10
Views: 917
Posted By Thomas Smale
Forum: Main Internet Marketing Discussion Forum 14th February 2014, 08:56 AM
Replies: 5
Views: 535
Posted By Thomas Smale
Re: Flippa Website Traffic

Got a link to the original listing?

It is most likely to be paid traffic disguised as organic which they stop paying for a week after sale (assuming you have left feedback) and then blame a 3rd...
Forum: Main Internet Marketing Discussion Forum 26th January 2014, 06:43 PM
Replies: 35
Views: 1,316
Posted By Thomas Smale
Re: Where to Buy a Website?

I'm not aware of too many specialised brokers online who do buy-side work. It's just not as profitable as sell-side contracts as buyers often want to do it contingency based (e.g. pay only if you...
Forum: Main Internet Marketing Discussion Forum 16th January 2014, 04:09 AM
Replies: 71
Views: 5,567
Posted By Thomas Smale
Re: Flippa stealth price INCREASE

No-one is arguing about the economics here, I think you have missed the point.

The issue is Flippa pitched this as a price decrease and were not transparent about increasing costs on the back end....
Forum: Main Internet Marketing Discussion Forum 15th January 2014, 10:22 AM
Replies: 13
Views: 562
Posted By Thomas Smale
Re: You Own a Business? Care to Answer?

1) ~ 4 years ago
2) Varied
3) Rarely switch off
4) Always keep up
5) No. This is a classic IM myth
6) Hard work and many late nights
Forum: Main Internet Marketing Discussion Forum 14th January 2014, 04:22 PM
Replies: 71
Views: 5,567
Posted By Thomas Smale
Re: Flippa stealth price INCREASE

You've certainly taken a lot of the backlash personally but what you need to understand is the way the "listing fee reduction" was pitched was extremely misleading. There was no mention of the...
Forum: Main Internet Marketing Discussion Forum 14th January 2014, 04:37 AM
Replies: 71
Views: 5,567
Posted By Thomas Smale
Re: Flippa stealth price INCREASE

Tim,

I posted something similar elsewhere but you seem to be doing the same so copying here:

I'm sure it is someone higher up dictating what to say publicly, but when are Flippa ever going to...
Forum: Main Internet Marketing Discussion Forum 13th January 2014, 01:14 PM
Replies: 71
Views: 5,567
Posted By Thomas Smale
Re: Flippa stealth price INCREASE

Correct. You also have the option of a broker who specialises online (shameless plug!). Commission can vary with brokers, especially on smaller (<$200k) sites. Expect to pay 12-15% on smaller deals...
Forum: Main Internet Marketing Discussion Forum 13th January 2014, 12:32 PM
Replies: 71
Views: 5,567
Posted By Thomas Smale
Flippa stealth price INCREASE

Flippa have been up to their old tricks again. Sent out a newsletter today saying they have dropped listing fees ($29 to $19 for established sites and domains down to $9), but for established sites...
Forum: Main Internet Marketing Discussion Forum 20th November 2013, 08:47 AM
Replies: 13
Views: 447
Posted By Thomas Smale
Re: Best way to value a website

Depends what the buyer is buying the site for. Regular website investors would pay a multiple of net income (usually around 2x yearly), but if someone has approached you cold, that's completely...
Forum: Main Internet Marketing Discussion Forum 18th November 2013, 11:26 AM
Replies: 1
Views: 347
Posted By Thomas Smale
Re: What's the best book on selling businesses for 7+ figures?

Built To Sell - John Warrillow... essential read if you're ever looking at a 7 figure exit (especially if you have a business built around "you"), I often recommend it to clients who want to exit...
Forum: Main Internet Marketing Discussion Forum 24th October 2013, 11:25 AM
Replies: 3
Views: 363
Posted By Thomas Smale
Re: Selling Website, Experienced Advice Needed

Have you tried contacting any of the competitors? Never know until you ask.

On the open market the site is likely worth ~$7k, but to a competitor it could be worth quite a lot more so definitely...
Forum: Main Internet Marketing Discussion Forum 11th October 2013, 04:29 AM
Replies: 16
Views: 1,115
Posted By Thomas Smale
Re: Flippa buyer refuses to confirm their name, scam or makes sense ?

Don't give him his money back. Of course it's your business to know his name - if you have a business you would need an invoice for the sale, anyway.

Ignore Flippa support, they are usually...
Forum: Main Internet Marketing Discussion Forum 25th September 2013, 08:20 AM
Replies: 11
Views: 1,005
Posted By Thomas Smale
Re: Flippa Scam Buyer Warning Flippa siding with them

My advice would be stop talking to the buyer. Sounds like he's just trying to screw you over. Block his calls/emails etc. He will get bored eventually.

Flippa support can be a bit hit and miss -...
Forum: Main Internet Marketing Discussion Forum 17th September 2013, 01:03 PM
Replies: 6
Views: 418
Posted By Thomas Smale
Re: Contracts???

A contract is between 2 parties - there's no reason why one party can't be an individual and that's certainly not "illegal". The level of detail a contract would go into will largely depend on the...
Forum: Main Internet Marketing Discussion Forum 27th August 2013, 04:45 AM
Replies: 21
Views: 1,648
Posted By Thomas Smale
Re: Disappointed In Flippa Support

Desperate times call for desperate measures...
Forum: Main Internet Marketing Discussion Forum 21st August 2013, 11:48 AM
Replies: 5
Views: 475
Posted By Thomas Smale
Re: Optimum Listing Time on Flippa

What's the site worth? Ballpark range?

For sites under $10k, I'd go with 5-7 days, no more than that. You want maximum exposure from day one so start with a low starting bid (I tend to use $1...
Forum: Main Internet Marketing Discussion Forum 21st August 2013, 08:45 AM
Replies: 10
Views: 536
Posted By Thomas Smale
Re: What's your subscriber worth?

Depends what you sell and how targeted your list is.

Average subscriber for me is worth around $1000 a year - but I have a high end service and not entirely "IM" niche which is notorious for being...
Forum: Main Internet Marketing Discussion Forum 19th August 2013, 12:16 PM
Replies: 29
Views: 970
Posted By Thomas Smale
Re: Possible to flip website without traffic and income?

I'm not sure how many sites you've sold on Flippa (I am the all-time top seller there FYI) but from my experience, the vast majority of buyers at the low end of the market have no idea what they are...
Forum: Main Internet Marketing Discussion Forum 31st July 2013, 05:14 AM
Replies: 14
Views: 686
Posted By Thomas Smale
Re: How to sell site that makes 3-4k p/m on autopilot?

Not unheard of to get a multiple that high for a site with little history, but you won't see sales like that on Flippa (unless someone got scammed).

Contrary to popular belief, there are...
Forum: Main Internet Marketing Discussion Forum 9th July 2013, 09:05 AM
Replies: 101
Views: 3,882
Posted By Thomas Smale
Re: I Am Totally SCREWED!!!!!!!!!!!! I Might As Well Just Give Up!!

After reading this thread, I seriously hope you reconsider offering "coaching" when you don't even have $50 to open a Clickbank account.

Save up $50, open a Clickbank account, sell some of your...
Forum: Main Internet Marketing Discussion Forum 11th June 2013, 06:56 AM
Replies: 45
Views: 987
Posted By Thomas Smale
Re: 12 x Monthly Earnings Valuation method

12x is just a nonsense number thrown around on forums by people who think Flippa is where all sites are sold or read a couple of WSOs on flipping. The problem with forums is people repeat what they...
Forum: Main Internet Marketing Discussion Forum 4th April 2013, 07:05 AM
Replies: 50
Views: 1,399
Posted By Thomas Smale
Re: Sheesh...just unsubscribe rather than wishing me dead with Cancer :o(

Why take it so personally or feel the need to share it publicly? Just delete it and move on. You need a thick skin in this business, no point dwelling on the nasty people that are out there.
Forum: Main Internet Marketing Discussion Forum 2nd April 2013, 11:14 AM
Replies: 28
Views: 1,031
Posted By Thomas Smale
Re: Selling a website on Flippa for the first time.

Why not? Flippa doesn't do anything to protect buyer/seller (vs a private sale), nor is there any recourse if the transaction goes south (other than banning the scammer). Don't avoid doing deals (I'm...
Forum: Main Internet Marketing Discussion Forum 29th March 2013, 07:26 AM
Replies: 11
Views: 981
Posted By Thomas Smale
Re: Flippa and Paypal

Use Escrow.com if you want to be 100% safe. Costs a little more but is almost entirely safe, whereas Paypal is not at all.
Forum: Main Internet Marketing Discussion Forum 18th February 2013, 08:35 AM
Replies: 38
Views: 991
Posted By Thomas Smale
Re: I've written my book - what now?

So you've written a book on sales but don't know how to sell it? Does anyone else see the irony here :)
Forum: Main Internet Marketing Discussion Forum 11th February 2013, 12:03 PM
Replies: 6
Views: 972
Posted By Thomas Smale
Forum: Main Internet Marketing Discussion Forum 7th February 2013, 07:37 AM
Replies: 15
Views: 628
Posted By Thomas Smale
Re: How Do I Open A Swiss Bank Account?

Why are you talking about tax evasion on a public forum where you have a real picture of yourself and link to your personal website?

Pretty stupid.

My advice: go speak to an accountant. If...
Forum: Main Internet Marketing Discussion Forum 13th January 2013, 06:10 PM
Replies: 11
Views: 1,125
Posted By Thomas Smale
Re: Want to Sell Ad Space on My Blog

1) Benchmark it against other sites in your niche (preferably those who actually sell their ad space rather than have empty spots!). If you're comparing like-for-like sites, Alexa usually gives a...
Forum: Main Internet Marketing Discussion Forum 13th January 2013, 05:15 PM
Replies: 17
Views: 542
Posted By Thomas Smale
Re: How to Set Asking Price for a Website?

There are a lot of variables that go into site valuation. Most buyers will work off a multiple of your net profit. The multiple will vary based on a number of factors.

In the current market, you...
Forum: Main Internet Marketing Discussion Forum 7th January 2013, 11:47 AM
Replies: 66
Views: 3,411
Posted By Thomas Smale
Re: Business down from $50k to $10k per month. How do we recover?

That is, quite possibly the worst advice I have ever heard in my life. And that's coming from someone who brokers sites like that for a living.
Forum: Main Internet Marketing Discussion Forum 7th January 2013, 07:22 AM
Replies: 66
Views: 3,411
Posted By Thomas Smale
Re: Business down from $50k to $10k per month. How do we recover?

If you were too reliant on Google organic traffic before (you were certainly not alone from what I have seen with my clients!) then it doesn't make much sense to put all of your resources into...
Forum: Main Internet Marketing Discussion Forum 6th December 2012, 06:41 PM
Replies: 9
Views: 424
Posted By Thomas Smale
Re: what's your asset in online business?

Anyone can sign up to a list, but that doesn't necessarily mean they trust you or know of your reputation. It could be a competitor or just someone who was curious after seeing a link to your list.
...
Forum: Main Internet Marketing Discussion Forum 6th December 2012, 06:30 PM
Replies: 9
Views: 424
Posted By Thomas Smale
Forum: Main Internet Marketing Discussion Forum 13th November 2012, 07:58 AM
Replies: 37
Views: 2,417
Posted By Thomas Smale
Re: Flippa listing - $600/month adsense verified and only 2 bids. Whats wrong?

I skim read the auction and answers to questions (as most serious buyers do) and was quite confused by your explanation and answers. That would turn me off straight away.

More patient buyers will...
Forum: Main Internet Marketing Discussion Forum 6th September 2012, 05:53 AM
Replies: 25
Views: 1,302
Posted By Thomas Smale
Re: Flippa sucks ???

What backing can you provide for this claim?

While I'm not arguing that upgrades massively increase the visibility of an auction (and I'm applying several to each of my listings), I wouldn't be...
Forum: Search Engine Optimization 2nd September 2012, 05:22 AM
Replies: 20
Views: 1,102
Posted By Thomas Smale
Re: How much do you make a month online?

If I were you I would start working on a new site... I doubt Disney aren't going to let you keep that domain once they find it.
Forum: Main Internet Marketing Discussion Forum 29th August 2012, 06:13 AM
Replies: 51
Views: 2,050
Posted By Thomas Smale
Re: New Flippa Auction - Is this legit?

That tends to be their policy when they haven't had complaints from "customers" yet, despite it being a blatant misleading sale.

If they toned down their wording a bit I think it would be...
Forum: Main Internet Marketing Discussion Forum 15th August 2012, 07:53 AM
Replies: 8
Views: 764
Posted By Thomas Smale
Re: Affordable 1 on 1 coaching programs with real people

You're not going to find a coach who will work for free, as there are too many variables they can't control.

95% of people reading the WSO forum or looking to make money in general will probably...
Forum: Main Internet Marketing Discussion Forum 13th August 2012, 12:26 PM
Replies: 79
Views: 2,830
Posted By Thomas Smale
Re: This customer is a DISASTER MASTER -Seriously! Talk about cultural problems...

Regardless of who is right or wrong, calling a paying customer a "moron" is just plain rude.

As someone who writes funny content, I would have thought you are well aware there are MASSIVE...
Forum: Main Internet Marketing Discussion Forum 26th July 2012, 07:00 AM
Replies: 21
Views: 2,799
Posted By Thomas Smale
Re: WarriorPlus and JVZoo aren't joking. DON'T accept iffy affiliates. UGH.

That's not "black hat". That's straight up fraud. Bit of a difference...
Forum: Main Internet Marketing Discussion Forum 25th July 2012, 05:32 PM
Replies: 21
Views: 749
Posted By Thomas Smale
Forum: Main Internet Marketing Discussion Forum 23rd July 2012, 11:18 AM
Replies: 8
Views: 1,436
Posted By Thomas Smale
Re: Flippa Help - Difference Bet Premium And Featured Listing

I don't list as much on Flippa these days as most sites tend to sell privately, but I'm pretty sure it's still $250 as we relisted one the other day.

https://flippa.com/pricing

So seems I'm...
Forum: Main Internet Marketing Discussion Forum 18th July 2012, 03:54 AM
Replies: 37
Views: 903
Posted By Thomas Smale
Re: Are These Domains Valuable?

Any "guru" advising you to buy trademarked domains needs to be steered well clear of. That's terrible, terrible advice.

If Google did make G+ popular, then the domains would still be worthless as...
Forum: Main Internet Marketing Discussion Forum 17th July 2012, 07:59 AM
Replies: 12
Views: 459
Posted By Thomas Smale
Re: Finding value on sites

I'd imagine you'd get about $5k on Flippa. Looks like quite an active forum so usual multiples wouldn't really apply.
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