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I lost $5,000 and 1 year of time

Discussion in 'Black Hat SEO' started by Indi Subir, Feb 19, 2017.

  1. Indi Subir

    Indi Subir Registered Member

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    I spent so much time building up to what I thought would be the perfect site.

    But, as soon as it launched, i realized the market was extremely tiny as it's B2B space.

    What do I do? Like...if I continue it I lose more money....but if i stop it...then what's next?


    PS Thanks for the responses.
    ALOT of people are saying sell the site.
    However, the site isn't profitable. It was built on an idea. So all my money was spent on an idea. I also spent money on software to scrape data, to build a linkedin messenger, and basically all the marketing techniques.

    My biggest problem is... the website is built on the idea that I could connect everyone in this little industry together. However, the industry is built on spam. So when you send your message to someone, they won't read it.

    For the website to be successful, I need to connect the industry together.
    However, the industry is small so I'd need like 10% of people to participate. Not 1%.
     
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    Last edited: Feb 19, 2017
  2. cooper1210

    cooper1210 Regular Member

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    Any time / investment already spent is a "sunk cost". Carry out a project appraisal from your current situation and calculate whether the ROI from future time / cost is worth it.

    Just because you've spent £ + time on a project doesn't mean you still need to continue with it, write the project off as experience if you need to
     
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  3. Indi Subir

    Indi Subir Registered Member

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    But whats next
    I truly want to give it up...but like....what do you do next?
     
  4. cooper1210

    cooper1210 Regular Member

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    Only you can answer that :)
     
  5. Lt.Enraged

    Lt.Enraged Junior Member

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    See if u can flip it?
     
  6. BharaTV

    BharaTV BANNED BANNED

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    Try to find someone to whom this website is usefull and willing to spend some money
     
  7. gman777

    gman777 Jr. VIP Jr. VIP

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    It's better to accept the fact that you failed on this project than to keep pushing in a direction you know it won't lead to any fructification of your efforts.

    That's why keyword research/competition analysis along with market research/competition check are some very important assets to have in your arsenal.

    P.S: See if you can perform better than the competition. Just because it's a tough niche, doesn't mean you can beat the competition. I mean, with 1 year of involvement in it, you should pretty much have learned the ins and outs, right?
     
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  8. MisterF

    MisterF Jr. VIP Jr. VIP

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    Explain that part please; Do you mean renting businss / office space out ?
     
  9. jacker818

    jacker818 Power Member

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    That is why we do something called keyword research my friend. Best of luck in your future ventures!
     
  10. mrichards1984

    mrichards1984 Regular Member

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    What is the site about? Maybe you can list it on flippa and see if you can find a buyer
     
  11. RichardDay

    RichardDay Registered Member

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    If it's a website why are you loosing money still? What are your costs other than hosting? Is your ppc not converting or something?
     
  12. BrazenBull

    BrazenBull Junior Member

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    Sell the site and use the money to start a new business.
     
  13. dotcomer2

    dotcomer2 Registered Member

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    sounds like my gambling habit.
     
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  14. Peter Ngo

    Peter Ngo Jr. VIP Jr. VIP

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    How can anyone give u any solid advice with that type of info? You literately just say "i fucked up" and that is it :|.
     
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  15. Indi Subir

    Indi Subir Registered Member

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    The problem is...I can't reveal the method. It's lucrative to the right person who can make it happen.
     
  16. Lt.Enraged

    Lt.Enraged Junior Member

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    List the site and flip it. If u list it. Someone will know if the site will work for them
     
  17. BigTroll

    BigTroll Jr. VIP Jr. VIP

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    PM me with more details about this project, I may be able to help you
     
  18. Indi Subir

    Indi Subir Registered Member

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    Ok
    Thanks for the idea. I've updated the post.
     
  19. Indi Subir

    Indi Subir Registered Member

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    Site buildout...and this site is different.
    Jeez I sound like an idiot cause I cannot give out the idea lol.
     
  20. Billy_Batts

    Billy_Batts Jr. VIP Jr. VIP

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    Maybe this aspect of IM is not your path, you already down 5k, take your losses and go a different path. With that 5k you could have tested multiple ways to find out what works for you.

    This obviously don't, don't let this turn in a future post with the name, "Lost 10k total".