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Discussion in 'Introductions' started by Fairwaysplitter3320, Mar 31, 2017.

  1. Fairwaysplitter3320

    Fairwaysplitter3320 Recovering Equipment Ho...off the wagon again. Staff Member Admin

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    Just asked for the financials so we can put together a business case.
     
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  2. ualtim

    ualtim Carrollton, TX Supporting Member

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    If they let the domain name lapse, again, we should just buy it then for way less than 7k.
     
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  3. eclark53520

    eclark53520 DB Member Extraordinaire Supporting Member

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    I don't believe they let the domain lapse. That was my first check because if it was available, I was buying it immediately. It seems they weren't paying the hosting company.
     
  4. Fairwaysplitter3320

    Fairwaysplitter3320 Recovering Equipment Ho...off the wagon again. Staff Member Admin

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    From Forum Foundry:

    Pulled the revenue figures and it brings in about $100/month. Our bottom dollar on it would be $3600 — which is a 3x sale. It’s actually less than we paid for the site, we bought it for $5000.

    The outage was caused by invalid WHOIS information (first time we’ve ever had a domain put on suspension for that reason) because the old owners info was never changed to our own. It was not caused by a bill that wasn’t paid and it shouldn’t happen again in the future.
     
  5. azgreg

    azgreg "Don't count that." Supporting Member

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    Well, it sounds like they intend to keep the site going. Maybe it's time for them to do something about increasing traffic. Google golf message boards and see how many sites you have to pass before you come to this site.
     
  6. ualtim

    ualtim Carrollton, TX Supporting Member

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    It's not our fault they over paid for the sight. How about a 1x sale?
     
  7. Rockford35

    Rockford35 Shark skin shoes Staff Member Admin

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    Bingo. We're offering $700. I doubt they have any other idiots banging on their doors.

    The other hand has $0 in it. You take your pick.
     
  8. Wi-Golfer

    Wi-Golfer Golfer on hiatus. Supporting Member

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    So basically $1200 a yr minus the hosting costs. Why would they think its a 3x investment? Nobody forced their hand to cough up $5k for a tiny assed website with almost no traffic.
     
  9. subsonic

    subsonic Well-Known Member Supporting Member

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    I have heard of a low ball, but damn...
     
  10. Fairwaysplitter3320

    Fairwaysplitter3320 Recovering Equipment Ho...off the wagon again. Staff Member Admin

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    Well, in a day they went from $7k to $3600...
     
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  11. azgreg

    azgreg "Don't count that." Supporting Member

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    I've got a fiver that ain't doing anything.
     
  12. TheTrueReview

    TheTrueReview "Playing it straight" Supporting Member

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    Your $700 offer was the punch in the nose that got their attention. It worked.
     
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  13. Rockford35

    Rockford35 Shark skin shoes Staff Member Admin

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    Have you ever bought a house? A used car? Gone to a garage sale? No chance I am ever paying full asking price for anything. There's always room. Always. And in this case, they're up their asses if they think anyone is going to step up into 4 figures. Not a chance.
     
  14. subsonic

    subsonic Well-Known Member Supporting Member

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    Yeah... it's what I do for a living. And if someone tells you their bottom line is $3600 and you roll out a strong offer of $700 you probably won't get a return call.

    I know it's cold up there, but dang.
     
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  15. eclark53520

    eclark53520 DB Member Extraordinaire Supporting Member

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    No...the other hand has about $1000/year in it while doing seemingly zero work other than paying the domain/hosting company.

    You're telling me that you would buy a machine that hands out $100 bills every month for $5000, then two years later when someone asks you to sell it for $700 because 'the other hand has $0 in it' you would sell it at a net loss?

    EDIT: I'm not saying it's worth $7000, or $3600, or even $700 to us. I'm saying looking at it from their position....why would they even get close to selling it for $700 when in 7 months they would have that, and the principle as well?
     
    Last edited: Apr 12, 2017
  16. PaPaD

    PaPaD Club ho, geezer........ Supporting Member

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    We're already at "no". The offer at least lets them know there might be a buyer.
     
  17. Rockford35

    Rockford35 Shark skin shoes Staff Member Admin

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    $100 is after paying hosting fees, yearly license costs and administration functionality? Is this fact, or just a number rattled off to make it appear to have some worth?

    You throw out an offer. When nothing happens for 6 months, they might come around. I'm not saying they're taking the $700, but when there's literally no other fish in the sea, IF they want to unload it, they will. If not, who cares, the lights are still on, costs us dick all.

    If it's a bonafied money maker, they come back and say "it's not for sale". Unless you're willing to pay "X", which is exorbitant, then ya, you stupid idiots, we'll sell. If this is the case, I have plenty of shit you guys can buy.
     
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  18. Rockford35

    Rockford35 Shark skin shoes Staff Member Admin

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    Bingo. I don't understand how this is so hard to understand. It's basic sales tactics.
     
  19. eclark53520

    eclark53520 DB Member Extraordinaire Supporting Member

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    It's not difficult to understand....but some of you guys are acting like they're robbing you at gunpoint with their asking prices. When, I'm positive if the shoe was on the other foot, you wouldn't be selling for the prices you're offering...
     
  20. Rockford35

    Rockford35 Shark skin shoes Staff Member Admin

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    Not me. I'm not buying anything at those prices.

    When DFH took this place over, the value of it was around $1800. A couple of us put our heads together and toyed with the idea of purchasing it. We decided that since he seemed like a good egg, had great intentions for the site, it would be a lateral move. At that time, the site wasn't generating much traffic, but it was more popular and used than it is now.

    A quick check on a couple simple website value calculators has this place earning an average of $0.68 a day. That's a far cry from 100 a month that we're being told. And I will concede, those quick websites aren't the best litmus test for the "value" of a website, and I will bring in the emotional factor for some, where money can be no object. But let's not get ahead of ourselves.

    If these guys were serious about a sale, they'd show proven daily ad costs, yearly fees and an operating budget. You can't just arbitrarily throw out numbers and expect people to believe that without proof. Pretty much every number on here that's been spouted is unsubstantiated. They're throwing out numbers, gauging interest. If we blink, they'll know they have a sucker.

    The bottom line is, this site is not worth what they are currently asking. If that value comes down from the stratosphere, perhaps a dialogue would begin. They know we're interested, but not at that price. If they're not interested in coming down, there's nothing to discuss.
     

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