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View Poll Results: How much would you pay for it ?

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  • $10

    0 0%
  • $100

    3 50.00%
  • $1000

    3 50.00%
  • $50 Million

    0 0%
Results 1 to 8 of 8

Thread: Selling A Site

  1. #1
    SitePoint Enthusiast splay's Avatar
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    Selling A Site

    Hi All,

    Being a webmaster and surfing the net all day theres not many sites I give praise for. This site I think is really cool. Ive learnt a lot from it and have put some of the tips to use.

    I was having a look in this forum and seen an article about a guy offering his site for sale, this is interesting.

    I have just completed development of my own venture, that actually has a pretty decent profit capability. Im spending my working day seeking out reciprocal link arrangements (unknown to my boss) and other promtion ideas. Its time consuming. But that article about selling my site on EBay put thoughts in my head.

    My site is a new type of betting on the net. Its betting against your friends instead of a bookie. I developed it being a fun bloke, to allow users to play for real money or play without money for fun (the latter being to boost traffic & brand).

    Revenue comes from charging a commission 3% on bets that are paid out to a winner. (Different to recent Dot-Com ventures where no profit plan was needed)

    What do you think?
    Tell me I'll sell it easily for 50million

    Have a look http://www.IBetYoureWrong.com
    Project Manager

    http://www.IBetYoureWrong.com

  2. #2
    SitePoint Enthusiast Strider's Avatar
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    I think that maybe a a few more choices between $1K and $50 Million would have helped

    But, in any event, I voted for $1000 and I will tell you why. Your site is unique (at least I have never heard of a system like this), it has a nice design and it does have some profit potential. BUT potential means practically nothing if you ask me. I would only pay you $1000 for the site if it was something I wanted to develop for my own company and buying it from you was cheaper than having it developed from scratch.

    If you want to sell for any kind of decent amount, you need to have traffic and revenues, not potential for traffic and revenues.
    Brian Welch
    Web Design, Web Hosting and Ecommerce
    http://www.perfectpresence.com
    http://www.leadcrunch.com

  3. #3
    SitePoint Enthusiast Strider's Avatar
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    Sorry for the two posts but I thought of something else that is going to have a negative inpact on selling that type of site whether it's now or a year from now when you are actually making money. A huge selection of buyers will not be able to entertain the offer of purchasing a gambling service because of local laws.

    Revenue comes from charging a commission 3% on bets that are paid out to a winner. (Different to recent Dot-Com ventures where no profit plan was needed)
    A revenue stream is entirely different from a profit plan. Every dot com had revenue streams but some did not concentrate on turning a profit from those revenues.
    Last edited by Strider; Jul 31, 2001 at 21:53.
    Brian Welch
    Web Design, Web Hosting and Ecommerce
    http://www.perfectpresence.com
    http://www.leadcrunch.com

  4. #4
    SitePoint Enthusiast splay's Avatar
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    Laws

    Yes I realise the laws that are involved with a gambling site and how this would effect a potential investor / buyer.

    Its interesting, while I was researching the idea I took a look a number of laws in different jurisdictions. Most focus on Casino type gambling, others focus on Wagering, whats interesting about the business logic behind the site is that I am not a bookmaker, I do not offer odds on fixtures, I act as an agent between two people that want to play against each other.

    Because its a new method I didn't find much laws covering or banning it.

    Also, I like the layout of this board does anybody know where to get a plugin version of it?

    Tony
    Last edited by splay; Jul 31, 2001 at 22:15.

  5. #5
    SitePoint Enthusiast Strider's Avatar
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    Same kind of concept as Napster. A third party site allowing people to trade music. Didn't work out real well for them But, I understand what you are saying.

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    Brian Welch
    Web Design, Web Hosting and Ecommerce
    http://www.perfectpresence.com
    http://www.leadcrunch.com

  6. #6
    Pixels Matter! Jimknee's Avatar
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  7. #7
    SitePoint Enthusiast splay's Avatar
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    Youre point?

    Youre point?
    Project Manager

    http://www.IBetYoureWrong.com

  8. #8
    SitePoint Enthusiast splay's Avatar
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    Partners

    And ?
    Last edited by splay; Aug 23, 2001 at 23:01.
    Project Manager

    http://www.IBetYoureWrong.com


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