Is this good to sell running business for big business project?

[Tauccerbart]

Hi,



Hope you get my point from the subject but here i explain it little bit more.

Maybe some very good earning member will answer this or any good who knows what i am asking.



I am running different websites and all are giving good enough. I am in profit and have recovered my investment and making new profit everyday.



I have some more ideas in my mind and know they will work in good way because the idea never been implemented online before.



Offcourse i do not have enough funds to start this new business project so if i sell my old websites for raising some funds....do you think it's good step? I think again n again that if i sell and the new project does not go well then i will also lose my old business but who knows what's next



I would like to know the experience of big bros



Thanks

[vokye700]

Hi

If you are thinking of selling a profitable business (on or off line) to fund a new business, think carefully. It is a common practice, and can be a very good way to generate start-up capital for a new venture.

But, when doing this, you should research the new idea very well indeed. I would spend my time researching the new idea, whilst saving current proffits, so hpefully you only have to sell 1/2 of you existing sites to fund the new one.

This way, you have your eggs in more than one basket, and if the new one does fail, you have a small safety net.



Hope this helps, and good luck with the new idea!



DD

[meomeo90000]

Selling a total online business is mostly for just 8-10 times the monthly profit......I would never sell my websites for that amount in fact I would and want to buy as much as I can (low budget) because if you wait for a year you have your investment back...that is so fast



Offline a business is worth 10 times the yearly profit. I think it is only a matter of time that an online business will rise in price.



I would sugest against selling ...instead save your money and spread your costs over the next months or maybe see if you can do a partnership on your new project.



just my 2 eurocents

[vietph]

You both are telling the right things.



I am also in online not talking about offline business. So the advice is to save money and then start new project n don't sell old business.

[phuochien]

BTW what do you expect if a new site making $300 every month and how much it can make after a year or two? offcourse search engine will give it good ranking and all.