I have decently extensive software and hardware experience, sysadmin for nearly 10 years, and a health hate of the cloud
Topic: Need advice for valuation of a site earned $30K in BTC last two weeks (Read 308 times)
Well I certainly do not have the capital to purchase a site, but I would very much be interested (and able) to help run and manage such an site.
I have decently extensive software and hardware experience, sysadmin for nearly 10 years, and a health hate of the cloud
I have decently extensive software and hardware experience, sysadmin for nearly 10 years, and a health hate of the cloud
May 17, 2017, 02:29:18 PM
Business and some websites typically sell for 2-3x their annual revenue. However with the giant bubble that could be, it's tough to say. Why not continue running it? Or have someone help/contribute and you still get plenty of profits?
As the site's popularity grows, i need to spend more time on support which is not what i'm interested in. Hiring and managing staff requires skills that i'm missing.
May 17, 2017, 02:17:34 PM
Business and some websites typically sell for 2-3x their annual revenue. However with the giant bubble that could be, it's tough to say. Why not continue running it? Or have someone help/contribute and you still get plenty of profits?
May 17, 2017, 02:12:18 PM
I have a SaaS app related to crypto that has been earning consistent profit for years. In the last three months user base started to grow exponentially. See profit numbers yourself:
Revenue Running costs
February $9105 $1150
March $27201 $1150
April $31547 $1150
May $33866 (May 1-17) $1200
All payments are made in BTC, so in fact the site earned more due to BTC price increase.
Because I lack the skills and the knowledge needed for running a large business and i'm more a software developer than entrepreneur, i started looking to sale the business. Hence, my questions: How much would you valuate such website? Where would you sell it?
Revenue Running costs
February $9105 $1150
March $27201 $1150
April $31547 $1150
May $33866 (May 1-17) $1200
All payments are made in BTC, so in fact the site earned more due to BTC price increase.
Because I lack the skills and the knowledge needed for running a large business and i'm more a software developer than entrepreneur, i started looking to sale the business. Hence, my questions: How much would you valuate such website? Where would you sell it?
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