Last week I posted about a business forum that I quite liked (not as a user, but as an investor)

It needs some work, but it’s fine. Only issue was that he bought the site like 9 months ago for WAY too much ($11k+) and is now trying to sell it again for even more, a starting bid of $12k and a reserve of $35k! I said in my post that I only valued the site right now at around $5k.

And I still stand by that, and I think other people agree, cause the general consensus was that $12k was too much, forget the $35k! So yeah, the auction ended with no winners, the guy either needs to keep it and monetize it like I said in my post, or he needs to come to grips with the reality that he overpaid, bigtime, and if he’s keen to get rid of the site it’ll be at a loss to him.

But yeah, overall I like it and I’d defiantly by it for $5k, maybe a little more. Oh, I think he got sold on the ‘domain is premium’ bit, he thinks’ it’s worth heaps, and it may be worth something, but it’s a .net to start with, so… yeah it’ll maybe weight the price a little higher, but still not near his $35k BIN…

I might open a dialoge with him and see if we can’t negotiate a fair price.