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  1. #1
    Join Date
    Dec 2001
    Posts
    518

    Why sell your business so quickly?

    I see postings like this all the time:

    http://www.webhostingtalk.com/showth...hreadid=270563

    Where someone offers their business forsale, and closes the bidding in less than one day (35 minutes in this case!). I was just wondering why people aren't more willing to wait. I imagine that if I ever decide to sell, I'd have an open bidding (hide the buyers name if need be) and take offers for at least a week. Am I alone in this thinking?

    Terry
    Keep your customers in the know with www.KnownOutage.com - free alerting software that you host. Did I mention that it's free?

  2. #2
    Join Date
    Aug 2001
    Posts
    4,028
    Likely someone of a young age looking for some weekend spending $. Then again, they could have received an extremely decent offer.

  3. #3
    Originally posted by Mekhu
    Likely someone of a young age looking for some weekend spending $. Then again, they could have received an extremely decent offer.
    Yeah i agree with that or could be somebody with lots of websites...

  4. #4
    Join Date
    Aug 2003
    Location
    Twin Cities Area
    Posts
    5,649
    yup ive sold fast, usually at a loss

    could be that maybe the offer may go away
    if you haven't considered chapter 7 bankruptcy, maybe you should.
    eliminate your debt, keep the property you want, most people qualify.
    contrary to popular belief - no attorney is necessary!

  5. #5
    Join Date
    Jun 2003
    Location
    Canada
    Posts
    930
    Also, he is selling hosting clients, so most likely he is trying to push them to another host ASAP to avoid inconvenience to the client.

  6. #6
    Join Date
    Feb 2003
    Location
    Connecticut
    Posts
    5,460
    Originally posted by IDS
    Also, he is selling hosting clients, so most likely he is trying to push them to another host ASAP to avoid inconvenience to the client.
    Why move them so suddenly, though? Server renewal coming up?

  7. #7
    Join Date
    Apr 2003
    Location
    Washington, DC
    Posts
    595
    I did not see a deadline, it think it was just luck he sold them so fast.
    Benoît Brookens III
    President - Dataracks, Inc.
    Dataracks.net | Ultra-Reliable Hosting.™

  8. #8
    Join Date
    Jun 2003
    Location
    Canada
    Posts
    930
    Originally posted by DanX
    Why move them so suddenly, though? Server renewal coming up?
    hahaha

    No seriously though, I know of some hosts who only allot X# of clients and once their sign-ups go past that point they sell off those excess clients.

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