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!
- 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?