Quote:
Originally Posted by Lichen
On what planet?
No one in their right mind would sell a 20k profit business for 120k |
Quote:
Originally Posted by 3xmedia
probably not, but still, paying 6-12x monthy revenue is a standard in adult.
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Here's advice from someone who knows something about this.
We stopped working in January 2008 and shut down all expenses by 2009, except processing and affiliates. From 2008 through to 2014? We made obscene profits. It was simple, we stopped spending out and kept taking in. Revenue declined profits rose doubling, trebling, quadrupling, etc.
If a person wants out why sell a business for 6 months turnover when they can stop spending money and take 12+ months turnover at 90% profit? What work is there that needs to be done that can't be done in a few hours a day? If there are no updates and pestering affiliates with little or no sales are told to go take a hike?
OK a programmer to make sure it runs and someone to answer emails.
This is how some here make a living and make the owner money with a 50/50 split. We never took those offers because we made more with me looking after the sites.