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By Jeremy Schoemaker

Jeremy "ShoeMoney" Schoemaker is the founder & CEO of ShoeMoney Media Group, and to date has sold 6 companies and done over 10 million in affiliate revenue. In 2013 Jeremy released his #1 International Best selling Autobiography titled "Nothing's Changed But My Change" - The ShoeMoney Story. You can read more about Jeremy on his wikipedia page here.

28 thoughts on “When To Sell Your Website – Shoemoney ?s Ep. 20”
  1. Great video. I think a lot of people don’t consider the growth rate when looking at selling an asset. They only look at 3 years of revenue when considering an offer.

    1. Sometimes it’s hard to think past the offer especially if it’s way better than expected. But, yes, anyone who’s getting a substantial offer should think thoroughly if it’s the best road to take.

  2. Makes sense. It seems far better not to sell if the potential revenue’s expected to increase over time.

    1. If I don’t need to use the money on anything and I still enjoy running the site then I wouldn’t probably sell either. I agree with what Jeremy said. A good question to ask yourself is what you’d do with the money. Unless you already have something else lined up it’s best to stick to what’s already generating a steady and substantial income.

  3. I’d probably not sell if it were me. If I do consider selling, it would be if I already have another business plan in the pipeline.

    1. Expand don’t sell. Unless, of course, you need the money as capital for a new business you’re planning to set up.

  4. I hope my website becomes successful enough to get an offer once I’m ready to exit. For now, I’ve got to work first on establishing a wide, solid base of audience. One little step at a time.

  5. I wish my website generates as much as hers did. It’s been up for almost a year and traffic’s okay so I’m thinking of monetizing it.

  6. I agree with what you said, Jeremy. It’s much better to put the money where it would do well. Putting it in the bank may be the safest route but you’re not going to maximize it as opposed to investing it on a good business model.

    1. There are always risks involved in starting a business. But the rewards far outweigh the safe decisions you make. Saving money in the bank is good but it’s best to invest on multiple income streams that could earn you more money.

  7. Making decisions like that must be tough. But at the end of the day, it’s not all about the money. If you’re financially secure and has a business that you enjoy then I’d say there’s no reason at all to sell.

    1. But selling could also mean giving you the freedom to pursue other potentially lucrative projects.

  8. The fact that you received an offer for it only means that there’s a lot of potential, perhaps still untapped, in it. If I were to make that decision, I’d keep the site and make sure that I earn more than the amount offered so I won’t regret not selling it.

  9. Nice video! I guess a good question to ask yourself if you want to sell or not is if what would add more value to your life. What if the site is a source of passive income. Imagine losing that for money that you’ll just keep in the bank.

    1. Ryan as much as I hope that is true reality is it can’t happen. We have doubled the amount of money in circulation and have done everything to deflate. But that is not sustainable. Inflation is coming and our dollar will significantly drop in value. Mark my words

  10. I never thought of selling my website before. I don’t think I can ever do that to something I put hard work into.

  11. I do not think it is necessary to sell your site if you are enjoying the financial benefits. I have to admit that my site is only about a year old but I have been seeing great potential especially when the earnings increase by day hehe.

  12. To me the biggest questions to ask yourself are:
    1. Did I need or want to sell before the offer came?
    2. If I sell, what am I going to do next?

    Having sold a site, I can tell you the timing was right and I had a new site I was itching to spend more time on. Plus the offer was a good one. But, if i were in the position with my new site, it would take an extremely strong offer because unless I was just blown away money-wise, getting a lump sum that was 4x or 5x my profit does no good if I don’t have a plan once the sale is done. For the question in the video, $50,000 might sound like a lot if you’re used to making $1000 per month, but you’re not going to live forever on $50K so you’d better have a plan after you sell.

  13. would it be possible to translate your internet site into spanish because i’ve difficulties of talking with english, and since there are not many pictures on your website i want to learn to read more of what you are writting

  14. I do not understand why some people are creating sites just to sell them after about 6 months.I mean it should be like a personal business and one should take care of it.

  15. Thanks for this useful post. It will be good for me, sometimes, especially it is new knowledge.

  16. Thanks for the post. Subject I was just thinking about. I have a site that I want to sell that gets some good traffic and has a great domain name.

    Go Verve!

  17. Great post and video! I’ll be looking to sell once I have enough capital for my next venture. Always keep it fresh and moving :p

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