I got an email over the weekend that made me laugh pretty hard, but then it also made me think for a little bit. Here’s the email, with the subject “I\’ll Make You A Thousanidaire” (yes, he spelled Thousandaire wrong).
I have the ultimate question for you…. Will you sell me your domain name for one thousand dollars?
This could be a good deal. I did buy the domain for $300. That’s a 333% ROI right there.
If you know anything about me and how much time, effort, sweat, tears, and love I put into this site, then you know I’m more likely to hit the top spot in the Billboard Top 100 with You Gotta Get a Prenup than I am to sell Thousandaire.com for $1,000.
And that doesn’t even take into account the fact that I’m starting to monetize this site a little bit. I can make more than $1,000 in a couple months of just keeping this site up and selling a small amount of ads. In fact, if I wanted to completely sell out and start taking payday loan ads and destroy my site with ads all over the place, I could probably make closer to $2k every month, at least in the short term until all my readers started leaving because I ruined the site.
So I obviously I won’t sell my site for $1,000. But it got me thinking: how much would I sell my site for?
What is Thousandaire.com Worth?
They say everything has a price. I would never put a price on my principles, my family, or my God, so I don’t necessarily agree with the statement. But Thousandaire.com is not one of those three things. There’s definitely a price at which I would be willing to give up Thousandaire.com. But what is it?
First, it has to be enough to offset the amount of money I expect to earn with this site. I mentioned last month that my goal is to make $12,000 from non-day job activities this year, and most of that is going to come from this site (hopefully). But that’s just one year. And I expect the site to grow. So if it can make $12,000 this year, maybe it could make $24,000 the next year. Who knows what the future earning potential is here?
Then there’s also the fact that this isn’t just a personal finance website. My face and name is all over this thing. I do that because this is my hobby and something I really enjoy, and I’m proud of it. This site has a lot of intrinsic value to me. If I sold it, someone could make any changes they want. In fact, they might just remove everything I’ve built over the past 18 months altogether (which is what this guy sounds like he wanted, because he asked about the domain and not necessarily the site).
I’m willing to let all of that stuff go, but the price tag would have to be BIG.
So after a lot of thought, here’s what I came up with…
Thousandaire.com is For Sale: $75,000
If someone walked up to me today and offered me $75,000 for Thousandaire.com, I’d take it. As long as I could start another personal finance website (which may or may not already be happening… shhhhh) and keep up with my hobby elsewhere, then I could walk away from Thousandaire.com for $75k.
All that person would be getting would be the domain name, the written content, and all the backlinks that have been built over time. They wouldn’t get my creativity. They wouldn’t get my music videos from my YouTube account. They wouldn’t get my twitter. I can use all those things to build another personal finance website and continue to connect with my readers.
So if you read the title and thought I was going away, I hate to disappoint you. I’ll be here until someone offers me $75k for this site (valid only good on 2/14/2012, as this site gets more valuable every day). And even if some crazy person did buy my site today, I’ll still be somewhere on the web talking about personal finance no matter what!
Reader Questions:
- If you have a website, how much would it take for you to sell it?
- If you were me, how much would you be willing to sell this site for?
- Should I value this site at $1,000 and add that amount to my net worth in the Race to $1 Million?
Kevin McKee is an entrepreneur, IT guru, and personal finance leader. In addition to his writing, Kevin is the head of IT atΒ Buildingstars, Co-Founder of Padmission, and organizer ofΒ Laravel STL. He is also the creator of www.contributetoopensource.com. When heβs not working, Kevin enjoys podcasting about movies and spending time with his wife and four children.
I would say that I am willing to sell mine for about $100,000, but would start another like you. You should definitely add the value to your race with the Hoff. The site is an asset!
Well according to widestat.com your site is worth just over $30,000, earning $2500 per month with over 4000 unique visitors daily. I think this analyzer site is a little high, but its fun to see what they say.
Really, you wouldn’t sell your site for $50,000? That’s a lot of money you could do almost anything with. And like you said, you could always start a new site. At this rate, it will take you a LONG time to get to $50,000 with blog earnings (a few years?). In that time, you could definitely build up a new site. Starting over sucks, but $50,000 is a pretty good incentive.
That’s like asking me how much I would sell my journal for! … I’d need residuals.
What if the Mizzou wanted to buy it, and turn it into their own personal finance blog? Would you sell it for less? π
I’ll give you eighty two cents for it. Just kidding. Nice to know your pricepoint – I have no idea what mine would be
I’ll counter offer with $1,050 π
75K? you are a dreamer ;-D Mind you, I would not sell TFB for 100K…. π
I don’t have a website, but if I did I would sell it for at least what the site made me in a year (assuming that I’d be able to set up another site with a different name).
Here’s the thing, though– “thousandaire” is a kick-ass name for your website. I don’t know that my website name would be half as clever.
(And yes; if you are including your assets in the math for the race to a mil then I think the website should be included!)
I’ve never gotten an offer (even lowball) to buy Money Beagle, but I have a number in mind for what it might be. It’s lower than you’re $75k but a lot higher than the $1k you received as an offer. It’s fun to think about but not something I’ve actively considered.
$75k? Definitely. $50k? Probably. But, like you said, the price is going to go up everyday.
This is a tough questions. I only started properly bloggin about a month ago, yet I have invested so much time and effort into The Savvy Scot, I would be reluctant to sell. Also I am only starting to attract a regular user base, so transferring these to a new site would be near impossible! π
This is a tough questions. I only started properly blogging about a month ago, yet I have invested so much time and effort into The Savvy Scot, I would be reluctant to sell. Also I am only starting to attract a regular user base, so transferring these to a new site would be near impossible! π
I’m just getting started so I couldn’t imagine having that kind of value for my site, but hopefully someday? Right now, I’m having fun building it up!
That is always an interesting question. I guess most people wouldn’t really think about it until someone actually made an offer. I don’t think I would sell my blog for $75k, even if someone offered it.
Part of me says that I could easily take that money, outsource and build a better blog quickly…but the other part of me loves what I have built and wants to see it make way more than $75k every year.
Good luck with your $12k goal, totally achievable!