How do you sell a website buisness idea!!

the lil man · 15-09-2009 4:45pm #1

Hi i have got this really good idea for a website that could make a good bit of money but i dont want to make the website myself.
i want to sell the idea to someone who wants to make money by internet buisness. it is only an idea though. where do i go to talk to someone who would be interested in this???

aidan_walsh · 15-09-2009 4:52pm

I'd say you'll be highly unlikely to sell an idea. Ideas a dime a dozen, everyone has them and all of them will work and make money for everyone involved.

They would prefer to buy a proven, demonstrable working impelmentation.

aidan_walsh · 15-09-2009 4:52pm

Moving to the Entrprenuer forum as that would be a better fit I think.

fergalfrog · 20-09-2009 10:58am

You can talk to me about it for one anyway. If it's good enough idea I will run with it and set it up. We can come to an agreement as to the amount you get paid (percentage of earnings or hard cash) if the idea takes off.

I'm sure you will find others offering the same service - I am doing a couple of such projects at the moment (via norecessionroundhere.com).

If you think it's unbelievably good and an instant money maker get the other party to sign a non-disclosure agreement.

PM me or contact me through the site if I can help further.

MovieExtras.ie: Derek · 20-09-2009 6:42pm

fergalfrog - great idea with the site, good luck with it

Heisenberg. · 22-09-2009 8:29am

This post has been deleted.

fergalfrog · 22-09-2009 9:14am

It's going well but there are always complications!

We updated the latest news on the site this morning and are hoping to have at least one site live by Oct 9th. However don't be expecting new sites to be of interest to everyone. Some of the ideas posted are aimed at very niche markets and so aren't exactly the next youtube. One project is going to take at least a year and may never see the light of day. This is because it may need venture capital to get it anywhere. One idea we worked on has had to go on hold for a number of reasons. Hence what I am trying to say is we see this as a longer term project rather than launching a new website every two weeks.

New ideas are still coming in which is great. It takes a lot of time negotiate with a party and work out a plan to take the idea forward. You have to spend time working out the chances of success and the level of effort required. We have done a lot of mileage around the country some of which has been a waste of time, some of which has opened great opportunities.

Add to this the fact that we are still a full time web dev business who can't afford to let the standard of service slip one bit with our existing clients. We can't ignore our bread and butter as it were and so existing client work always get priority.

There is nothing clear cut and when you start out on something new you can't say where it's going to end up!

As Mr. Rumsfeld once said:
"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know. But there are also unknown unknowns. These are things we do not know we don’t know."

Hope this helps - I don't want to be continually discussing norecessionroundhere.com on boards - I just don't have the time and norecessionroundhere.com involves more people than just me so I can only speak for myself. Fill in the form on the latest news page to be kept up to date.

conolan · 22-09-2009 10:31am

Must admit I'd be cautious submitting. And white text on a black background is such a pain to read.

the lil man · 22-09-2009 4:21pm

well your offering me a chance to start the website but i dont really want to do that i would like to just sell it on to somone who is interested in doing the website. it would have a bigger chance with somone else that is interested in making the website. i do think it is quite a good idea and if the site was made i would definitely use it. im not going to give out the details on the tread understandably. but if somone is interested PM me

AARRRGH · 22-09-2009 4:49pm

Ideas aren't worth anything. Good ideas converted into websites aren't worth anything.

Seriously, I have a number of "great" ideas for websites myself, but just don't have the time to implement them.

What's valuable is a popular website which makes money.

You might think "my idea will be popular". Well, I can tell you as someone who has been making websites since 1995, converting a good idea into a website is the easy part. Making money from the website... that's a totally different ball game.

I'll give you an example:

I used to run a really original adult website about 10 years ago. It got MILLIONS of visitors per week. The idea was great, people loved it, but did it make money? It barely covered it's costs.

the lil man · 22-09-2009 5:08pm

yes i know

the lil man · 24-09-2009 5:02pm

But my idea is about making money in a different way (kinda). my idea is about money and everyone can make money. not just me. if there was a website like that would you use it

24-09-2009 5:08pm

the lil man wrote: »

But my idea is about making money in a different way (kinda). my idea is about money and everyone can make money. not just me. if there was a website like that would you use it

What are you talking about ?

Axwell · 25-09-2009 12:42am

the lil man wrote: »

But my idea is about making money in a different way (kinda). my idea is about money and everyone can make money. not just me. if there was a website like that would you use it

Having pmmed you previously to find out more I can safely say your website and the idea will be nothing more than that, an idea.

You have come up with what you think is a good idea but havent done any research or put any thought into it or how it would work. I asked you a few simple business questions to which I got vague and uninformative answers which just showed the amount of holes in the whole idea and what little thought you had put into it. I work at web design and also have some other business things going on so I have an interest from a web design and entrepreneurial aspect and can safely say that on both aspects you have little or no knowledge to support the idea and why or how it would work. You have the bare bones of an idea and hope to just be able to sell it without doing anything or proving that it would even work. Also its just an idea, there is no substance to it, no projected earnings, no long term plan so its not worth anything to anybody.

For you to be able to sell the idea you would have to have a website already up and running making money, or an idea that you could prove would be useful and would definitely make money based on facts and figures. None of which applies to your idea and it wont make you or anyone else money based on the description you gave me.

the lil man · 25-09-2009 10:47am

I can understand what you are saying but i did say i was giving you basic details of the idea. I am not going to just give you the hole idea, Because then why would you have to buy it??

Axwell wrote: »

Having pmmed you previously to find out more I can safely say your website and the idea will be nothing more than that, an idea.

You have come up with what you think is a good idea but havent done any research or put any thought into it or how it would work. I asked you a few simple business questions to which I got vague and uninformative answers which just showed the amount of holes in the whole idea and what little thought you had put into it. I work at web design and also have some other business things going on so I have an interest from a web design and entrepreneurial aspect and can safely say that on both aspects you have little or no knowledge to support the idea and why or how it would work. You have the bare bones of an idea and hope to just be able to sell it without doing anything or proving that it would even work. Also its just an idea, there is no substance to it, no projected earnings, no long term plan so its not worth anything to anybody.

For you to be able to sell the idea you would have to have a website already up and running making money, or an idea that you could prove would be useful and would definitely make money based on facts and figures. None of which applies to your idea and it wont make you or anyone else money based on the description you gave me.

Axwell · 25-09-2009 11:25am

The point is from the basics you gave there are so many holes in the idea and your knowledge or business and websites that it will never take off, expecially if that was the basics and you plan to have it more complicated. Without something to work with, or some figures to see from an already running idea no one is just going to take a punt on it and set it up and pay your for it.

25-09-2009 11:29am

You need to fully research as much as you possibly can about the idea to ensure your idea is flawlessly thought out.

That's what I did and I have been offered funding from a bank and a grant from the Enterprise Board.

Now all I need to do is find a job to give me my supplemental income before I go into 20K debt, bloody hell, there is always a hurdle when trying to start your own business and I have not even launched yet.

the lil man · 25-09-2009 11:58am

Well i dont want to this idea myself because i dont know enough to set up a buisness. Thats why its an idea

hope that works out for you

25-09-2009 12:46pm

Why can't you do it ?

From someone who has read more business books than your average individual, done the college thing bla bla bla, no book is going to tell you how to run a business.

Just do it. Know your strengths and know your weaknesses. Know you basically. And KNOW your MARKET !

the lil man · 25-09-2009 1:14pm

thats the thing i dont know the market. i dont know how to start and would just prefer somone else do it

Deleted User wrote: »

Why can't you do it ?

From someone who has read more business books than your average individual, done the college thing bla bla bla, no book is going to tell you how to run a business.

Just do it. Know your strengths and know your weaknesses. Know you basically. And KNOW your MARKET !

Axwell · 25-09-2009 2:12pm

the lil man wrote: »

thats the thing i dont know the market. i dont know how to start and would just prefer somone else do it

You are assuming that someone else will want to buy it and do it though but your only basis for that is because you think its a good idea. Theres no market research gone into it, you dont have the technical or the business or marketing knowledge to show how this will or wont work. You basically have come up with an idea and want someone to pay you for it and take a punt and hope for the best which is why it is flawed in so many ways and wont work. Sorry to be harsh but you havee told me in a pm the idea and any question i asked you that answer was, well i suppose you could try this..or maybe you could do this... without you having any notion as to the cost involved in any of those, for example advertising, marketing, web development...

25-09-2009 2:24pm

Here is a start, go to Enterprise Ireland, request access to their database system and go check out Mintel and other databases related to the industry.

The rest is up to you.

You can't be taking the piss out of people. You sound lazy.

Jakeal · 25-09-2009 2:49pm

fergalfrog wrote: »

You can talk to me about it for one anyway. If it's good enough idea I will run with it and set it up. We can come to an agreement as to the amount you get paid (percentage of earnings or hard cash) if the idea takes off.

I'm sure you will find others offering the same service - I am doing a couple of such projects at the moment (via norecessionroundhere.com).

If you think it's unbelievably good and an instant money maker get the other party to sign a non-disclosure agreement.

PM me or contact me through the site if I can help further.

Tis a fine idea you have there Fergal - have pointed some friends of mine in your direction, but they still think they can do it themselves!

Good luck with it!

the lil man · 25-09-2009 3:19pm

nope i aint at all lazy. its just not my thing. ill look at that now tho

ye ok youve said that twice now axwel thanks for your comments see you later. dont mean to sound rude.

I know what the idea is obviously and you dont really, your telling me stuff i already know axwel.

Deleted User wrote: »

Here is a start, go to Enterprise Ireland, request access to their database system and go check out Mintel and other databases related to the industry.

The rest is up to you.

You can't be taking the piss out of people. You sound lazy.

Axwell · 25-09-2009 4:11pm

the lil man wrote: »

nope i aint at all lazy. its just not my thing. ill look at that now tho

ye ok youve said that twice now axwel thanks for your comments see you later. dont mean to sound rude.

I know what the idea is obviously and you dont really, your telling me stuff i already know axwel.

You came here looking for advice, its a forum so I wont be going anywhere, if you cant take criticism or advice then maybe business isnt for you.

With all due respect you saying you know all this is rubbish, outside of having an idea in your head that you think is worth lots of money you dont know much else in relation to business. This would be fine if you were looking to learn, everyone starts somewhere but you dont want to learn you hope to just earn money from selling your idea which sounds lazy as TheEntrepreneur said above.

For example i asked you how would you plan that traffic would come to this site if you sold me the idea and your answer was "Em well i guess you could advertise all over the internet. Send e-mails to people maybe even on tv iif we were talking about alot of money"..firstly sending emails randomly to people is called spam, advertise all over the internet..where and how?? Advertise on TV, do you have any idea of the costs involved in that?

What do you value your idea at pricewise? How did you come up with that figure when you havent done any markey research and have nothing there to base it on. I would think asking how much you want for the idea is one of the main questions you will be asked so I would be interested in your valuation of it.

If you are that confident your idea is good enough then post here the basics of it in the same way you told them to me in the pm and let the others see what they think of it and then you will have more feedback to go with my own. Personally i think you are just dreaming in the hope that someone will pay you a wad of cash for your idea and go off and set it up but as I said let the others have their opinions if you will share the basics of it here.

the lil man · 25-09-2009 4:50pm

Axwell wrote: »

You came here looking for advice, its a forum so I wont be going anywhere, if you cant take criticism or advice then maybe business isnt for you.

With all due respect you saying you know all this is rubbish, outside of having an idea in your head that you think is worth lots of money you dont know much else in relation to business. This would be fine if you were looking to learn, everyone starts somewhere but you dont want to learn you hope to just earn money from selling your idea which sounds lazy as TheEntrepreneur said above.

For example i asked you how would you plan that traffic would come to this site if you sold me the idea and your answer was "Em well i guess you could advertise all over the internet. Send e-mails to people maybe even on tv iif we were talking about alot of money"..firstly sending emails randomly to people is called spam, advertise all over the internet..where and how?? Advertise on TV, do you have any idea of the costs involved in that?

What do you value your idea at pricewise? How did you come up with that figure when you havent done any markey research and have nothing there to base it on. I would think asking how much you want for the idea is one of the main questions you will be asked so I would be interested in your valuation of it.

If you are that confident your idea is good enough then post here the basics of it in the same way you told them to me in the pm and let the others see what they think of it and then you will have more feedback to go with my own. Personally i think you are just dreaming in the hope that someone will pay you a wad of cash for your idea and go off and set it up but as I said let the others have their opinions if you will share the basics of it here.

Inever said i know all that rubbish, its not rubbish i know what you are talking about. dont get so hyped up about it.
Thats true i dont know alot about buisness thats why im trying to sell the idea instead of doing it myself. If i knew enough i wouldn't be talking to you right now.
to be honest i dont really know. whoever was to buy the idea i would obviously have to talk to them about it and what they thought it was worth if i was happy with the figure they have in mind then i would take it but if i wasn't i would tell them.
wouldn't that be giving my idea away:P

Axwell · 25-09-2009 7:14pm

the lil man wrote: »

if i was happy with the figure they have in mind then i would take it but if i wasn't i would tell them.
wouldn't that be giving my idea away:P

Not if they signed a NDA beforehand.

the lil man · 25-09-2009 8:42pm

if somone would like to find oout more about the idea pm

Axwell · 25-09-2009 11:12pm

Why not post the basics of it here if its not giving much away as you told me earlier? I would be interested to hear other peoples thoughts on the idea if you were willing to post it. If not fair enough and good luck with it.

How do you sell a website buisness idea!!

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