Websites tend to sell for around 5x monthly gross profits, not 24x....way overvalued.
Happened to talk to my old business professor today and mentioned this to him. He laughed too.
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Websites tend to sell for around 5x monthly gross profits, not 24x....way overvalued.
Well I am not going to open discussions at the lowest price I am willing to accept. Also, I would like to know where 5x monthly comes from. Especially since this is a retail site and not one that requires high amounts of traffic, such as sites based on ad or affiliate marketing revenues.
I did not have time to update the thread today, but here are some stats to validate my claim that Steam sales are making up for the loss of NGCs.
As % of revenues from July to August NGCs went from 79.58% to 57.97%
While Steam went from 10.65% to 28.65%
Steam sales increased over 219% from Jul to Aug
As of of today (Sep 1st) Steam sales have already reached 19.5% of last months sales.
I didnt actually start selling Steam cards until into July so I expect to continue to see increases.
As % of revenues from July to August NGCs went from 79.58% to 57.97%
While Steam went from 10.65% to 28.65%
Steam sales increased over 219% from Jul to Aug
As of of today (Sep 1st) Steam sales have already reached 19.5% of last months sales.
I didnt actually start selling Steam cards until into July so I expect to continue to see increases.
How much are your monthly profits as a 90 BTC price tag is quite steep for a site which operates in a dying market.
ROI is apx. 24 months. And yes, my niche category is fading, but Steam is beginning to pick up that loss in sales quite nicely and I fully expect it to not only continue to do so, but to exceed it. After all, I am still new to the Steam card scene.
I will send you a PM with more details.
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