I have a community that grew to 50,000 members in the first year and still growing, but now much more slowly. Please tell me where this friend is that I can sell it to. I've made some attempts at monetizing it, made about 50cents per user. However, just lost day job pay vs. the time put into it blows away any revenue or buyout I could hope to receive.
For a while I thought that it would at least reflect well on my resume. I've had it on my resume for a while now and no one has given a damn. No one person has even clicked the link...
To advertisers it's worth dirt because it's mostly just existing members visiting again and again.
The valuation of online sites really presents a "Winner takes all" effect.
So, why would someone shut their site down? I think there is a Picasso quote to this effect. The idea is that it's an insult to the value of your time, and to your entire field to sell it at 100x less than it cost you to make.
For a while I thought that it would at least reflect well on my resume. I've had it on my resume for a while now and no one has given a damn. No one person has even clicked the link...
To advertisers it's worth dirt because it's mostly just existing members visiting again and again.
The valuation of online sites really presents a "Winner takes all" effect.
So, why would someone shut their site down? I think there is a Picasso quote to this effect. The idea is that it's an insult to the value of your time, and to your entire field to sell it at 100x less than it cost you to make.