news Translate.com sells for $853,000

[ukbackorder]

If the figures are correct that it is generating $400k revenue in 9 months this is an appalling sale in my opinion.

https://www.bizquest.com/business-f...-almost-2m-monthly-visitors/BW1564661/?q=bz0x

 

[Biggie]

I wanted to translate some Chinese the udder day

soooo, I went to google and used their tiz-zool



imo...

 

[ukbackorder]

I think though if you wanted lots of documents translated on a daily/weekly basis for distribution in other parts of the world you wouldn't use google Also a native speaker is always going to be better than an automated tool - don't get me wrong google is great but it falls down very quickly on a few hundred words. So you may end up not appealing to the people who expect free translations of a few lines but a lot of businesses are far bigger and would already pay for translations anyway. However I think the issue is revenue, regardless of whether we think it's worth it. If a domain (any domain) can prove it's making $30k profit per month as claimed in this sale it would immediately be worth a multiple of that if sustainable. Then on top of that you have a premium dot com. Income alone it should be fetching at least 3 years (I always expect 5) times revenue which would be $1m straight away. Now add on the value of the domain itself.

 

[Biggie]

I wasn't questioning value or sale price,
to me, it is what it is

was just speaking out loud bout the coincidentals

i didn't read the details but now since you mentioned the numba's....
to me, seems like they sold too low

if it was mine, making $30k a month.....the name wouldn't be for sale!




imo....

 

[Castion]

Rob the stats you linked to have been removed.. You mention 400K revenue, but also 30K profit per month...

There is a heck of a lot difference between revenue and profit.. You might have 400K revenue but negative income. If its 400K profits in 9 months then yes totally agree, it undersold.. If its 400K revenue we cant really say without the profit and loss statement. The domain itself is easy 500K for the right end user.. But if the company comes with a debt. Who knows.

 

[ukbackorder]

Yes I know. The figures said something like 400k revenue and 330k cashflow (hinted profit hence my estimate of $30k per month) for 9 months. It was also stated that there was hardly any work or outlay. There was no mention of debt. Obviously a buyer would have needed to see P&L but unless the costs were something like 90% of the revenue (hard to see why that would be the case in this market) then this is an appalling deal for the seller as the domain itself is worth 500k+. Anyway it is my experience that stats mostly fail to be true when placed under scrutiny.

 

[Castion]

There could be 90% cost if it was manual translation that was outsourced. If thats the case then its just a lead funnel really. Also the choice of mentioning cashflow instead of profits do indicate debt to me. But yes on the face of it seems like a low sale..