Should I sell my website for $500k or not?

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sanjananb

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Hello everyone,

My website got ranked in Google 1st page for last 3-4 months and doing $4000-$5000 per day in sales with over 70% profit margins every day. Recently one of the top competitors in my niche wanted to buy my website for $500k. They have been doing this business for a few years and I know their websites very well too.

It took me close to 1 year to outrank them in Google search but obviously they have more money in bank than me.

Should I sell my website for this price? or keep continue doing the business?
 

Panther28

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Imagine how you would feel if you didn't sell and got to their age. You have to consider that in your decision making.
 

william7878

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I wouldn't sell it given you're making close or more than 100k profit monthly.
 

GringoMonkey

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If your making about $3k per day profit, that is $1 million per year.

$500k is too low.

Go back to them, tell them your exact average daily profit and tell them yes you are interested but they would have to make a far better offer to reflect the profit.

If i was selling i would hold out for 36x monthly profit but:

$1 million+ = low but ok offer
$2 million+ = good offer
$3 million+ = very good offer
$4 million+ = they are over paying!
 

rickaloben

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Thinking of the long run, i dont think you should sell it. Depending on how serious you are about it
 

saurabhunde

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Calculate your monthly profit. Multiple it with 30x. If the offered amount is equal or nearby to the total value sell it. Or else ask for more. The correct valuation in your case would be $2.7M. So i wont recommend you to sell.
 

mnrfas

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in what business ? you should think about, if the Market will be more profitable or more competitive
 

Doctor Sleep

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Your profit is 3k daily
90k monthly
I will ask for 2.5 millions
 

friendlyrobot

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A bird a hand is worth 3 in the bush.

Try to up the offer(over 1.5) and sell it. Then just start another website in the same niche.

If they make you sign a non-competion clause. You can get around it by putting the new website in a family members name. Easy peasy.
 
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