That is the question we had to ask ourselves today. You see one of the great things about getting websites that are completely automated and have big upside is that they become high demand websites.
Typical website value can be anywhere from 10 months monthly profit to 3 years profit. Most of the stuff we see (and every website we buy) falls into the lower end of the site value spectrum.
So we were surprised to see an offer come in for one of our sites that was 5 years worth of profit. The company wanting to buy our site has spoken to us before but we have always told them that we know the upside of the site and we weren’t ready to sell yet.
We asked them to make us an offer that we couldn’t refuse and that is what they came back with. Seeing that someone else valued a website we run so highly gave us the confidence that what we were doing was on the right track.
You may be surprised to know that even though it was a lot of money we turned the offer down. We are still thinking big picture here and know that we haven’t reached the full potential of the site. We have a game plan and we want to see it through then hopefully we can sell the site for 3 times the offer we got today.