Comments on: 3 Things I Learned by Selling My Blog

By: Harry

Harry — Mon, 07 Apr 2008 16:02:24 +0000

I had a similar issue while selling a website of mine. Its better we have different passwords as well. You never know what file has your core password…maybe the one on you PayPal account.

By: GreenLantern

GreenLantern — Sat, 05 Apr 2008 06:27:11 +0000

Ok, so let’s say I have a blog and I am thinking about selling it. What do I need to do? I would like an answer, but I would LOVE an entire post dedicated to this.

By: Terry Tay

Terry Tay — Fri, 04 Apr 2008 04:09:31 +0000

I never thought of seperate accounts, but it does make a lot of sense the way you put it. I think the staying motivated wouldn’t be a problem if you are actually in the process of selling because you’ll be excited about the sale…wouldn’t you?
~Terry

By: Bob Younce at the Writing Journey

Bob Younce at the Writing Journey — Thu, 03 Apr 2008 04:37:51 +0000

I’ll echo the “separate accounts” thing. Did you know Darren Rowse has a 2nd Twitter account that he’s never posted to for this exact reason?

Great post!

By: cuzzy

cuzzy — Wed, 02 Apr 2008 12:53:40 +0000

great tip Ben on the accounts. I am thinking I better take charge of that one regardless if I ever want to sell one day. It is very easy to have the same account but it sure would be a pain to go back and make sure to change everywhere you have an email or link to something like that.

all the best.

By: Max

Max — Wed, 02 Apr 2008 12:41:32 +0000

Good point Solo on the value to a buyer. I see this a lot from sellers. They say something like “I’ve spent 4 hours a day for 14 months on this site, what do you mean it’s not worth $35 million?” Well, the site gets 20 visitors per day and makes $4.50 per month in adsense. It’s not the buyers problem that it took you 60 hours to perfect your logo on the site or whatever you wasted your time on. Another common “justification” of sellers is their cost of development like you said. Something like “we have $80,000 in development costs for this software”. Doesn’t really matter to a buyer.

By: Solo Programmer

Solo Programmer — Wed, 02 Apr 2008 12:14:57 +0000

Yeah the separate accounts thing hit me a bit in my big site sale but not necessarily in accounts for online services but in having a separate bank account for the business. Since I was selling the whole business. You don’t need to be very big before it makes sense to operate you site under some sort of corporate structure (LLC, s-corp, etc) and having a separate bank account in the name of the business – and all your contracts in the business name and payments to/from the business account – will make things easier.

Along with removing emotion I’d add that you need to remember that some of the things that are valuable to you might not be valuable to the potential buyer. Say you just spent 1000 on a new design. If the new buyer is a designer or has a designer partner they might want to immediately change the design and therefor won’t value the expense you put into it. There’s no point in arguing that it does have that value – as long as that buyer comes to the highest total offer price you don’t really care what method they used to arrive at that price.

By: HMTKSteve

HMTKSteve — Wed, 02 Apr 2008 11:17:35 +0000

Point one is the biggie. I have a site that I have been given offers on but I use it for my primary email account and it would be too much of a pain to switch over.

By: Matt Jones

Matt Jones — Wed, 02 Apr 2008 10:36:48 +0000

It couldn’t agree more about motivation. It took me a LONG time to get back into the swing of blogging on Blogging Fingers after I sold it.

I think after a big sale you just need a break to let the new reality settle in.

By: How to make money online

How to make money online — Wed, 02 Apr 2008 05:29:23 +0000

I’ve never sold a blog before, but if I never do I’ll keep these tips in mind.