I just had my first significant liquidity event by selling a website with help from the folks at Founders Investment Banking. The website I sold is Netbook Reviews and one of several authority style websites I own, (or in this case – used to own). I can’t share the exact details of the sale or the purchase price due to the various documents I signed but I will say that this sale reaffirms my belief that getting fired from my day job was the best thing that could have ever happened to me. I’m very excited about the sale, but I’m even more excited by the opportunities I have moving forward now that I’ve had a chance to prove myself with this first big sale:
Here Is The Official Press Release
I’ll be writing a follow up blog post to describe how and why I used investment bankers to sell this website, but I would first like to publicly thank Shoemoney and specifically the reputation that surrounds his Elite Retreat event for even getting my foot in the door. I’d also like to thank some other great friends for the advice I received prior to entering any discussions as well as some advice during the sales process including Shane Pike and David Adams from Escalate Media. Last but not least I’d like to also thank Zane, Brad, Frank, Stephanie and the rest of the team at Founders Investment Banking.
Founders is behind a bunch of other big sales like the notable $14.9 Million sale of Bankaholic.com and if they needed another person to vouch for their awesomeness I’m happy to toss my opinion out there as well.
What’s Next?
This is the first of the two cool announcements I alluded to last week. Today’s announcement is more about me but the next announcement will be more for all of you, my readers. I am shooting for a December 1st launch date of the new project but the one thing I will say is that if you’re not earning at least $1,000 a month online this will be great for you and the best part of all is that it will be completely free 
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Congratulations Chris! Well deserved!
Can I ask how long you’ve been working on Netbook Reviews sitefor?
Moon Hussain recently posted..Niche Site Duel 04- Progress Report 1 Or Come Watch the Google Dance!
Congrats, man! Founders is awesome.
Brandon recently posted..New Site
congrats on the sale, nice looking site you got there
imkazu recently posted..improve landing page load time with css sprites
That’s awesome, Chris! Congrats Man.
Wes recently posted..Tips for Optimizing Craigslist Ads
I am very surprised that one of my biggest rival is sold.:) But congrats Chris!
Mehmet – My Netbook World recently posted..Black Friday 2010 Netbook Deals
Great going man!
I am seriously considering a blog in similar lines (Amazon affiliate based on reviews). Tell me if that is a good idea?
And one more thing, your Blog Services link on the top menu doesn’t work. What gives? Hopeall’s well.
Good luck and God bless
Thats great to hear!
One question though if your allowed to answer it, how much did you purchase it for from the beginning/or did you get it from a domain registrar for only 7-10 dollars?
Dino Vedo recently posted..Product Launches For Affiliates
Chris,
VERY well deserved success and thanks for sharing.
Congratulations!
All the best,
Ian
Nice work Chris! Sounds like this is setting a nice precedent for future projects…
Devin Elder recently posted..How and What to Outsource- Interview with Chris C Ducker of VirtualBusinessLifestylecom
nice Chris, about time;X
Congrats man. Wow a PR5 with that many links? I don’t know how you do it but that’s awesome. Pretty old site too.
browie recently posted..CPVDen Membership Contest – Update
Hey Chris:
I knew that you owned that website for a while and am surprised that you sold it! I’m sure you must have gotten a “smokin” price for it for you to sell it!! Congrats, and enjoy your free time now that the site is off your hands!
Spencer recently posted..How to Leverage Your Online Business to Extraordinary Heights
well done Chris! it’s great to hear how you’re doing in your regular newsletters. I like what you did with the netbook site and how everything is linking to amazon within the post.
does the site have to be earning a decent income already or can it just have a lot of traffic/members before it is considered saleable?
again, well done (for being fired!
Andy Bailey recently posted..CommentLuv Plugin Hits The Quarter Million Downloads Milestone
Congrats on the sale of this site Chris! That’s a great looking netbook site. I like the way it’s laid out, the monetization and the ‘carrot’ to opt-in — very nicely done
. There’s a lot to be said in favor of operating in multiple niches and this sale (even though you can’t give out details on the numbers involved) is saying a lot. Would love to see you do a post on building/managing/growing multiple niche sites or blogs.
Have a Happy Thanksgiving!
Ray
Ray recently posted..PlayStation 2X Network Adaptor
Your blog is great. I am at my maternity leave and have been working online from home for one year. It is a good way to earn good money, but it took me some time until I found a legit online job. For me it was surveys online, but you need to be careful because there are a lot of fake sites.
Hi Chris
This is great, have you also little sister site with it(dailynetbookdeals.com)????
Congrats
Abhishek Saini
Abhishek@seekersfind.com recently posted..How To Create An Ebook – Ultimate Guide2570 Words
Chris,
I’ve been following the blog for a while now and I’m glad that you were able to sell the site, but what’s the point of this post?
I’m not trying to be rude or insensitive, but what’s the point in making this particular post when you can’t answer any questions about the site, the sale of it, nor how much you made from the sale?
You had to know that there would be a ton of questions about the entire process.
I’d have much more appreciated you simply waiting until you could say something about the process and then created the “I Just Sold A Website For $X” post that you mentioned before, detailing how you did it and how someone else can do it just like you did. It would have been informative and provided real value to your regular readers, such as myself.
Then I would have linked the heck out of it, because it’s something that I’m genuinely interested in.
But I digress. Not trying to be a party pooper, but when I say the title of the post, I was really hoping for a lot more.
Congrats on the sale and I hope that you have many more to come.
Chris
Chris Hunter recently posted..Chris-Hunter- @ryanaustindean Right And Amazon Prime rocks
Cool man, sounds like you can say goodbye to making websites as you now can just start buying up sites like crazy. That’s what I would do at least in your position except I am in the mid four figures with my online income so I need it to live and pay rent!
IamDavid recently posted..You Are The Only One Who Creates Your Reality
I have spent lost of time crying about the money I lost just because I was born too late. Just imagine how rich you could be if you bought domain names with the most common names?! And now it is a problem to get a good domain name, unless you can afford to pay lots of money for a website or even a single domain name…
mikelis@NHL All Star Game 2011 recently posted..NHL All Star Game 2011
Congrats on the sale! I need to read your blog more often! You are gonna be having a very happy holiday this year I assume? Keep it up, you’ve got me motivated again.
John Holloway recently posted..eWalletXpress Ends US Operations
Congratulations Chris!
It is nice to hear histories like yours and I love to learn from experienced people like you.
Erik Emanuelli recently posted..FREE MONEY ADVICE n 58 – How to make money as Real Estate Agent
Wow. Can’t believe Bankaholic sold for $15m. That guy use to be on the same webmaster forum that I use to frequent and he use to buy links there, and this was only three years ago. His traffic stats are nothing amazing it seems (going by Alexa),so the buyer must have paid for the search terms he was getting and the ability of the buyer to utilise them to drive sales to their main products.
We know banking and investments is an incredibly valuable niche though given the incredible amount of money generated by the industry. So lot of the value they placed on it was what they can do with it rather than what it was already doing.
Congrats, is this kind of success stories that keeps my dream of becoming a full time website flipper.
Luis Mtz recently posted..People who get scammed sometimes deserve it
Making money from financial decisions can be mentally draining to many wannabes intially because peopleare overcome by alot of jargon and ultimately he or she need to read up up in depth, especially on the forms of investments they are interested to invest in. Because in the end, people have much to lose in terms of money, confidence, and sometimes in difficult situations, their careers and family when their investments fail. Therefore it is very important for individuals who are looking to make money from investments to be careful and take care to make financial decisions in moderation especially in the beginning stage. I’ll advise anyone who reads this to be careful in whatever investments you make Good luck, and may you be prosperous!
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