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I have an account with regular writing work coming in that i'm thinking about selling

Discussion in 'Making Money' started by ajpis, Feb 26, 2015.

  1. ajpis

    ajpis Regular Member

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    I have an account on a freelancer marketplace that is of high rating and has regular work coming in everyday for writing jobs, to be more specific I have a gig that pays me £6 to write 300 - 400 word articles. In the last 7 days I have had 15 jobs in total.

    However this work is getting in the way of over projects, so I was thinking about selling the account instead of pausing the gig and stopping any more work from coming in. This is just an option I'm looking at for the moment, just would like some advice from you guys on what you think it would be worth and any ideas on how I could go about selling it.
     
  2. saurabh82

    saurabh82 BANNED BANNED

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    calculate total earnings in a month you 'd make and multiply it with 10.
     
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  3. ajpis

    ajpis Regular Member

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    I really appreciate your response, how come multiply by 10, is that how most business's are valued.
     
  4. jmoent

    jmoent Newbie

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    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.
     
  5. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    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.
     
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  6. back2basics

    back2basics Power Member

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    Outsource the work and continue to make passive income.
     
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  7. NeyDollar

    NeyDollar Newbie

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    Yeah. Outsource the work for passive income. This is what you should have been heading towards in the long run anyway.
     
  8. ChanzGrande

    ChanzGrande Elite Member

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    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.