Hi!
I received offers for my app, but I'm still hesitating if I should sell it or not.
Here is some background:
I learned to code in May of last year (2022) (full details here). Since then, I released lots of apps, until one started to work well. Without going into too many details, it's related to AI. I launched the app in December 2022, so 3 months ago, and it generated $20,000 of sales so far.
It makes consistent sales ($100-$200/day) fully organic. The profit is around 70%
However, the issue is that the internal reviews are pretty mediocre. Since AI can't generate EXACTLY what people ask, and some don't respect the limitations (I wrote clearly the do/don't but people don't read), the results often end up being just ok. That could definitely be improved in the long run by re-working the app, but I think it's beyond my technical capacities. I'd also like to focus on other businesses.
I decided to list it for $50,000 on a platform acquisition marketplace, and I received a few offers already.
I just wanted to get some opinions from entrepreneurs who've been there before too.
Should I sell it, or keep it as a cashflow source to fund other projects? And is $50,000 too high, too low, or ok?
I received offers for my app, but I'm still hesitating if I should sell it or not.
Here is some background:
I learned to code in May of last year (2022) (full details here). Since then, I released lots of apps, until one started to work well. Without going into too many details, it's related to AI. I launched the app in December 2022, so 3 months ago, and it generated $20,000 of sales so far.
It makes consistent sales ($100-$200/day) fully organic. The profit is around 70%
However, the issue is that the internal reviews are pretty mediocre. Since AI can't generate EXACTLY what people ask, and some don't respect the limitations (I wrote clearly the do/don't but people don't read), the results often end up being just ok. That could definitely be improved in the long run by re-working the app, but I think it's beyond my technical capacities. I'd also like to focus on other businesses.
I decided to list it for $50,000 on a platform acquisition marketplace, and I received a few offers already.
I just wanted to get some opinions from entrepreneurs who've been there before too.
Should I sell it, or keep it as a cashflow source to fund other projects? And is $50,000 too high, too low, or ok?
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