G
GuestUser116
Guest
DELETED
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Last edited by a moderator:
Upcoming Live Fastlane Calls (FREE!)
Inventors Virtual Meetup (FREE - All welcome!): Sunday, April, 21st 2024: 11 AM ESTJoin over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.This post needs more likes
So for the price the minimum I'll take is x24 the monthly profits which in march was $300.
$300 x 24 = $7,200. But since this business is 100% automated requiring no work at all to run, has timeless content that will sell years from now, and income is increasing monthly I'm looking at $9,000 - $10,000.
Why not borrow the money and use the income to pay the loan, like a cash-out refi in real estate?So for the price the minimum I'll take is x24 the monthly profits which in march was $300.
$300 x 24 = $7,200. But since this business is 100% automated requiring no work at all to run, has timeless content that will sell years from now, and income is increasing monthly I'm looking at $9,000 - $10,000.
I can't borrow money, no real job, no credit.Why not borrow the money and use the income to pay the loan, like a cash-out refi in real estate?
So for the price the minimum I'll take is x24 the monthly profits which in march was $300.
$300 x 24 = $7,200. But since this business is 100% automated requiring no work at all to run, has timeless content that will sell years from now, and income is increasing monthly I'm looking at $9,000 - $10,000.
Yea, with that money anyone could build an army of freelancers and have a ton of books done, and plenty left to promote.$10K could buy a LOT of freelancer time on Odesk
It's different when someone is writing to get a fixed pay and someone who's writing for his own business. I only have 2 titles I didn't write and they ain't making jack shit. You can get tons of titles written for 10g but will they be successful??Yea, with that money anyone could build an army of freelancers and have a ton of books done, and plenty left to promote.
Making it easy to see a much fastet ROI.
Yes, they will be. I've spent less than half of that and have around a 294% ROI.It's different when someone is writing to get a fixed pay and someone who's writing for his own business. I only have 2 titles I didn't write and they ain't making jack shit. You can get tons of titles written for 10g but will they be successful??
So for the price the minimum I'll take is x24 the monthly profits which in march was $300.
$300 x 24 = $7,200. But since this business is 100% automated requiring no work at all to run, has timeless content that will sell years from now, and income is increasing monthly I'm looking at $9,000 - $10,000.
What do you mean inconsistent?? They've only been rising or maintaining each month.
You have about 7-8k of goodwill priced into that. Aint gonna happen. Try 2-3k. Your profits are too inconsistent to demand a 24x multiple.
SAYS WHO.Its typical for businesses to sell x24 the monthly profit..
Maybe inconsistent was the wrong word. csalvato described it better with "established". You have just a few months of financial history, thats not enough to base a 24x multiple on..What do you mean inconsistent?? They've only been rising or maintaining each month.
To me the price seems fair, but here are what my biggest concern would be if I was looking to buy your kindle business:
1. Are these sales #'s real, or did you buy your own books so that you could skyrocket the multiple? It'd only cost you $90 in amazon fees to get to $300 in sales; and
2. How are the reviews on the books holding up? Have you gotten less than 5-star reviews lately? Is that why you're selling?
Ever looked on flippa for business prices? I have the last couple of days. I looked under established sites that just sold. I saw so many garbage sites that generate $150- $200 /month from adsense sell for like 5g -6g?? A lot of them had no income then spikes in sales too.
Ye but you can only list websites for sale. It requires you to verify your website and this is on the amazon platform.That seems like the way to go. Sell on Flippa.
Ye but you can only list websites for sale. It requires you to verify your website and this is on the amazon platform.
Join Fastlane Insiders.