[Fanatik]

Alright folks, I had a young entrepreneur PM me and ask some good questions, so I'll post them below. Hopefully this will clear up some confusion...?

>>MY REPLY TO HIM<<

Good to hear from you! I know there are always skeptics concerning the sale of any business, no matter to ROI. I appreciate your PM instead of adding to some of those people's foolishness.

Keep in mind that the site went live in December. I built it from the ground-up and didnt start charging advertising fees until mid-January.

The price/ad structure I developed is as follows:
*Major selling point: the banners/ads will continuously rotate and there is no limit to the number of impressions or clicks.

1 Month agreement: $120
3 Month agreement: $315 ($45 off the monthly price)
5 Month agreement: $500 ($100 off the monthly price)

I've so far only had vendors agree to the 1-month agreement. I was also going to offer a buy-out option for ad space, but that would be detrimental since the revenue is dependent upon a big number of vendors that want to advertise.

I don't know what kind of financials you'd like, but I can provide whatever it is that would fulfill that need. I do not and never have used PayPal as a form of payment; I use my own merchant processor (Thompson Merchant Solutions/Chase Paymentech). You can use PayPal, Google Checkout, etc... it's up to you. If you're under 18, PayPal would be easiest for vendors to send payments to you.

There are stipulations to this sale:
-I will include a vendor list of 23+ applicable merchants that you can market the site to, to sign up for ad slots. The site has the traffic and the needed backbone and customer reviews to substantiate a smart investment for the vendors.
-Upon sale, due to privacy laws I need to delete the current vendors that are advertising. I will provide that list to you though. I know, sounds stupid, but the Privacy Act needs to be followed on my end.
-If you'd like a reference as to a past profitable business I sold, you can contact Dave at Buy Car and Motorcycle Xenon HID Kits - I sold my last business to him (BuyXenon) and last I knew, he was doing pretty well.

I don't believe in fluffing numbers for a sale. I'm just going to invest time/money/energy into a different project, and have a kid on the way - so that says enough in itself haha.

To answer the questions:
-Training is certainly available upon purchase. I will train you or whomever to ensure you're not in the dark about anything. I am always available via cell phone, which is displayed on the auction site, as well as e-mail. I have a Palm Treo - so I can be contacted either way 24/7.
-You can have the website registered to you, and under your name if you're under the age of 18. The website is setup as a "sole proprietorship", selling ad space. The great thing about the site, and the main reason I did it this way - is because I've sold products in the past, and honestly - customers can be a pain in the a* to deal with sometimes. With this business, you're just rotating the articles on the site and selling ad space to vendors... Consumers come to the site and submit reviews, so you don't need to do much.

I hope that answered most, if not all, of your questions. I want to be as thorough as possible so you can make an informed decision.

[Fanatik]

Another update... Just added another advertiser to the site.
I didn't even solicit this one; the business owner e-mailed me how to get their advertisement on the site:

>>Begin Email<<
This is an enquiry e-mail via HIDReview.com - Home of HID/Xenon Reviews and Info! - Home from:
Jason <i****o@h********n.com>

How can we advertise on your website?
>>End Email<<

Yes. It's just that simple.

[Fanatik]

Most updated screenshot. Only thing I smudged out was the username in the URL.
I'm sure the nay-sayers will comment.

[s2008aw]

I think you have way overvalued your business, you business is NO way worth at $93,000.
There is no IP behind it, and domain valuations are the worst type of valuation to base a business on.
For example, I recently got a domain valued on swift appraisal for $250,000 on swift appraisal, I dont think I will get anywhere near that valuation no I dont.
I believe the domain to be worth a maximum of a couple of hundred of dollars.
Plus its so easy to manipulate the domain appraisal process on free appraisals.

Your free domain appraisal is WORTHLESS! If you got it done by Sedo I would have listened but even they overvalue domains.
Your business is worth no where near $1,000 starting price.
I see you have a bidder, but there is a sucker born every minute on ebay. I pity them, I was once as naive as them now that I have been in business
a while I have gained alot of experience some of which was painful, the new owner of this will find this out themselves.
I have websites that have simmilar traffic and revenue to yours but I dont value it, nowhere near your valuation.
If you look closely, he has only one advertiser for one month for just over $100 and google adsense revenue is over $70
is noway guaranteed as most people with websites know.
Speculative sales, is the worst way to show the site has potential, businesses almost never go to plan. I know I am cynical but Ive been doing this for along time.

[Fanatik]

Wow, you have the nerve to post a comment like that based on my posts? I didn't value my "BUSINESS" at $93,000. I simply stated that the domain was appraised at $93,000+.
I'm not basing my business valuation on a domain appraisal you idiot. I guess since "you've been in business", then you know all there is to know about building and selling businesses, eh?
I had one advertiser for one month? Where the hell did you get that from? It is clearly stated that I've got $2760 per month in profit, from my FIRST month of selling ad slots. If you're referring to the post I made about the e-mail asking how to advertise on the site - he wasn't my "First and only" advertiser. Lol, get your facts straight before you try to bash someone on here. You are a prime example of the type of person we dont need here.
Based on the ignorance in your post, I'm pretty sure I know a bit more than you when it comes to starting, building, and selling businesses, and I can certainly say that a profit forcast has an effect on how you do future business. Obviously you have some more "trial by fire" to go before you can honestly call yourself a business person.

Although - I guess I'd be pretty pissed off too if the website I sold doesnt even work, and I sold it for $60.
Established Adsense Website With High Traffic. 1 Million Alexa Traffic Rank. Proof Inside.must Read!

Now feel free to go elsewhere. You're not needed here.

BTW - about the adsense - is that not beaten to death here? I never said AdSense was the main form of revenue, as is stated in prior posts. Anyone willing to invest $1000+ in a business should know the ropes before making a purchase of a business. Again, get your facts straight before trying to bash someone.

[ADVERTISE HERE!]

A business is only worth either (1) what you are able to make by operating it or (2) what others are willing to pay for it.

[Fanatik]

Very well said.

[ADVERTISE HERE!]

Originally Posted by Fanatik

Wow, you have the nerve to post a comment like that based on my posts?...

I'm not basing my business valuation on a domain appraisal you idiot.

I guess since "you've been in business", then you know all there is to know about building and selling businesses, eh?

...Where the hell did you get that from?

...You are a prime example of the type of person we dont need here.

Based on the ignorance in your post, I'm pretty sure I know a bit more than you when it comes to starting, building, and selling businesses...

Obviously you have some more "trial by fire" to go before you can honestly call yourself a business person.

Although - I guess I'd be pretty pissed off too if the website I sold doesnt even work, and I sold it for $60...

Now feel free to go elsewhere. You're not needed here.

Maybe we could all try addressing issues, raising questions, making people think, and offering opinions and lines of reason rather than attacking people personally.

[Fanatik]

Originally Posted by s2008aw

I think you have way overvalued your business, you business is NO way worth at $93,000.

Plus its so easy to manipulate the domain appraisal process on free appraisals.

Your free domain appraisal is WORTHLESS!

Your business is worth no where near $1,000 starting price.

I see you have a bidder, but there is a sucker born every minute on ebay. I pity them, I was once as naive as them now that I have been in business
a while I have gained alot of experience some of which was painful, the new owner of this will find this out themselves.

If you look closely, he has only one advertiser for one month for just over $100 and google adsense revenue is over $70
is noway guaranteed as most people with websites know.

Speculative sales, is the worst way to show the site has potential, businesses almost never go to plan.

I know I am cynical but Ive been doing this for along time.

I agree with you, jmenq2 - but when someone has the nerve to come on my thread, which I'm posting to people interested in purchasing a business, and post an attack directed at me - I will strike back. He attacked my integrity and how I am selling my business. If he would have tactfully posted a question or a comment instead being a complete a*hole about it - I wouldn't mind posting answers and opening an insightful discussion.

Being that he didn't go about it that way - I opened up on him, and I have absolutely no qualms about it. This isn't a post in the "General Discussion" portion of the site; it's in the "Websites for sale" portion.

Now if you have questions or comments, I'm open to them. If you want to act like a jerk, go elsewhere. It's that simple.

[ADVERTISE HERE!]

I am one of the more candid and no-bullshit people on here, so my opinion will likely differ from others, but I saw the comments as straightforward criticisms. They provided excellent opportunities for you to address possible shortcomings in your business and improve your position. I would have respected you taking each issue in turn and addressing it to the best of your ability, rather than attacking the poster. Why? At least two reasons...

1. Two wrongs don't make a right, and

2. The ability to address issues and refrain from addressing people is a VERY attractive quality in a businessperson. It shows that you don't get flustered, that you think well on your feet, that you can separate people from problems, etc. I won't hire someone that I ever see react to difficult questions and criticisms because I can't trust them with a customer.