Discussion in 'Making Money' started by ajpis, Feb 26, 2015.
calculate total earnings in a month you 'd make and multiply it with 10.
I really appreciate your response, how come multiply by 10, is that how most business's are valued.
Have you ever thought about outsourcing the work? It may be a bit of a pain to find a few decent writers, but you would still retain a portion of the profits.
That would just give you his gross earnings you MUST factor in the work in this situation. I would say you might be able to get half a months pay out of selling it. This is a very labor intensive job that needs a specific buyer who can actually write as well as you do.
I would say someone would probably pay 180 GBP, maybe more but that would be my guess.
Outsource the work and continue to make passive income.
Yeah. Outsource the work for passive income. This is what you should have been heading towards in the long run anyway.
Selling in this situation doesn't seem to make sense, but obviously there is a time trade-off when you are working on the writing projects. The problem with selling it is that you no longer have the revenue stream, and you will receive a very low sum of the long-term value of the business you built.
The solution is obvious in my opinion, and that is to find someone who you can outsource this work to with comparable quality for a far lower price. That could be challenging, and may force you to compromise either your profit margin, or the quality of the work that bares your name. If it were me I would take a huge cut in profit margin if that's what it took to keep the quality equally high. Think about it this way. You can get a very low one-time payment now, or you can get micro-payments for as long as that business continues to generate writing work.
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