According to our evaluation, our online company is worth at least 200K. It is currently generating over $100,000 in gross revenue and roughly $40,000 in after tax income. At 5 times the net income, the classic valuation still makes sense. So I could have built a 200K company starting with nothing back in 2008? In 4 years, we have built a real company making real money. 4 years ago, we didn’t have an internet empire. In fact, our only web property was this blog and we were getting 300 visitors… a month! Now we have over 300,000 visitors/month! We are now able to buy sites that worth 10K, 20K, 30K, and more! At first, we could have never be able to find so much money. Someone who wants to enter the blog business today and buy a web property will find it very hard since interesting sites are being sold for over 10K. But if you have hustled with a passion, you can do it today!
The thing is that money is an exponential accelerator. When you have $100, you can’t do much. But when you work very hard and amass ten $100 to make $1,000, you can do a little bit more. Then, you can amass ten $1,000 and make $10,000. And after that, you amass 10 $10,000 to make $100,000… you get the picture to reach the million? ;-).
