Jul 23rd 2008 04:00 pm UWT4me.com Sold
Today funds arrived into our escrow account for the sale of our United World Telecom For Me website.
We have sold the domain, the website and the existing customer list.
UWT4me.com was responsible for our full-time income a few years ago, however we’ve let the site go undeveloped and unpromoted for the last few years as other projects stole our attention.
The buyer and ourselves made a fair deal to both parties and we now have a lump sum that we can use to develop our other sites. We have not left the telecom industry entirely, however our focus will be on Art From Steel and Plug and Save for the next few months.
Posted by The True Potential Group / Existing Websites and Financial
Carey on 23 Jul 2008 at 4:24 pm #
Congratulations on the sale.
Chris on 30 Jul 2008 at 4:42 pm #
So the golden question is….
What did it go for?
The True Potential Group on 30 Jul 2008 at 6:49 pm #
@Chris. Depending on how things are calculated we sold for between 10 and 12 months residual income. Although the domain is aged and the site was custom built, they have very little value now that CMS alternatives are so powerful.
A good deal for us as it gives us a nice lump sum to invest elsewhere and a good deal for the buyer as with a bit of marketing he could recoup his costs within probably 6 months or less.
Chris on 31 Jul 2008 at 6:18 am #
You sound like a politician (dodging the question) haha