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  1. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Met with my content director this morning to break the news about the traffic drops. He had great suggestions for how we could cut back his time without my involvement so I could continue to focus on growing new traffic channels. So looks like I might not have to change much. I'll be dealing...
  2. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Update: Week 9/18/2023-9/24/2023 50% traffic & revenue losses across all assets! Ouch... How the Week Went: Total working hours: 32 Health updates: No improvements or declines. Business updates: After recently hiring my most expensive team member (content director), we were hit by the most...
  3. DoTheWork

    I am struggling with action faking and destructions.

    HOT! MINDSET 
    One thing that helped me was using a minimalistic phone design. This is called Indistractable Launcher for Android. Below is what my home and app screen look like. Apps are just text and no icon, and you need to specifically search within a long list to find what you're looking for. I don't...
  4. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Update: Week 9/11/2023-9/17/2023 How the Week Went: Total working hours: 29 Health updates: Not many improvements, not any decline this week. Business updates: My content director did a great job in the first week I've been creating plans for a 4th website that will be a much more...
  5. DoTheWork

    Free Water? Genius or the start of Idiocracy?

    MARKETING 
    I'm not too opposed to the water side of it, but I didn't care for him wanting to be the "Whole Foods of free products". I can't imagine wanting to go to a store where it's all paid for by tons of ads. And at that point, there would be so many ads that consumers would start ignoring them...
  6. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Update: Week 9/4/2023-9/10/2023 More small health improvements & my biggest hire so far How the Week Went: Total working hours: 26 Health updates: Some more small improvements this week. Nothing in particular that caused the improvements... Mostly just NOT experimenting with many new...
  7. DoTheWork

    Wellness/Biohacking/Recovery Centers (Business Model) - What Are Your Thoughts?

    QUESTION 
    Last month I joined a wellness center here in Scottsdale to help with some health issues I've having. I've also belonged to one last year in Pennsylvania. This particular center has a cold plunge, infrared sauna, cryotherapy chamber, and leg compression. It uses a very small space in an office...
  8. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Have you ever thought you were really good at a particular aspect of your business, and hesitant to hire out because of it? "No one can do this as good as me..." Then, you hire the right person and realize that you were terrible at the job? I've had this happen many times. I think it's a...
  9. DoTheWork

    [PROGRESS THREAD] (24 y/o) Sick and cognitively impaired for 2 years... Doing the work anyway

    HOT! EXECUTION 
    Update: Week 8/28/2023-9/3/2023 All-time high revenues! How the Week Went: Total working hours: 22.5 Health updates: Again, slightly better this week. Been able to work for 10-15 minutes before needing a break, instead of only 5 minutes at a time. Let's hope for no setbacks for a while...
  10. DoTheWork

    Populating a Directory

    MARKETING 
    Glad I stumbled upon this since I'm not on here much and no one has written here yet. I have a directory of agricultural services. I have more than 3,000 listings which I sourced manually through Google Search. I'd be curious to hear more about what you're doing. Sounds like there could be...
  11. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    I do like your perspective. I think the only benefit of having the 250k over the 50k is that I would have a longer runaway of being unable to earn income if it came to that. In general, the idea of holding a business for the long term is much more appealing to me, I just don't know if that is a...
  12. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    Okay, understood. Thanks for explaining it. Even though it is taxed at a lower rate, the high broker fee definitely adds to my confusion in this decision, although I am still leaning towards a sale.
  13. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    I ran some "napkin math" scenarios including broker fees and taxes. The numbers below represent the total accumulated profit (all monthly profits + a post-tax/fee sale, if applicable). I used a 2.6x profit multiple, except for valuations where a downtrend came prior to the sale. I'd say the...
  14. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    Okay, very interesting and definitely worth considering. Regardless of the multiple, the broker fees and taxes are something I need to factor into my calculation. I could expect a 15% commission fee with Empire Flippers. Also, through a quick calculation using an online tool, the additional...
  15. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    What makes you say that valuations are low for this type of website? The preliminary valuation I received from Empire Flippers was 3.2x profit. I've seen plenty of other websites sell for similar or much higher. I don't recall seeing many sites selling for 2x unless they aren't easy to manage...
  16. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    I earn 85% of my revenue through display advertising and 15% through affiliate sales (Amazon Associates Program).
  17. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    Good question. I have thought about it, but it's my most steady revenue stream and it's not quite ready to be handed off to an owner. I do too much hands-on client work and that's not usually appealing to a potential buyer. I would not feel too comfortable getting rid of this revenue stream...
  18. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    How many months of good revenue did you have before you sold it? Back in April/May I was only making $5k/month with the site, then it jumped up higher. I thought maybe I should wait until I have 12 months of higher revenue so I can get the best average revenue for the valuation multiple. But...
  19. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    Good point. If I had the nest egg I would be much more willing to accept the income risk if I built another high-earning site. Ideally, the second website I'm working on will be generating some good income a year from now anyway. Maybe even on par with this site! Still pretty terrifying hoping...
  20. DoTheWork

    Hold Long-Term or Sell for $400-700k? (24y/o, health issues, grew up in lower-class family)

    QUESTION 
    Very very good point. The loss of income and fear of not being able to take care of myself would be absolutely horrible for my health. Even if I could still meet my needs, the stress of the income restriction would be bad, especially since I now live across the country away from family (moving...

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