Tuesday, April 1, 2008

Sell the blog: pay off the debt

I've seen lots written about different ways to monetize a blog, but other than a single text ad sale, I haven't had much luck with generating passive income from Loonies And Sense. Yesterday, however, I found a link to a tool to calculate the value of a blog, based on its Technorati authority. A quick URL submission, and here's what I saw:

My blog is worth $23,710.68.
How much is your blog worth?

Nearly $24,000 for my little blog? It sounded too good to be true. However, some quick Googling showed me that this was not out of line for a blog with a decent number of posts. This amount would more than wipe out my revolving debt, so who am I to turn up my nose at such a sure thing? The only task that remained was to find a buyer.

I wasn't sure how easy it would be to track down someone with $23,710.68 to burn and a penchant for blogging, so I hit the social networks with my proposed sale. After less than half an hour of making my pitch, I received an offer for more than double my asking price. Needless to say, I accepted; I would have been a fool not to. The buyer is a Nigerian philanthropist, and once my cheque for $15,000 is deposited into his bank account, he'll be wiring me the agreed-upon purchase price of $65,000, for a cool $50,000 profit. I can't wait!

Starting next week, your host here at Loonies And Sense will be Mr. Esenam Ayele. He has a wealth of personal finance tips and tricks, and I'm sure you'll enjoy what he has to say. I just need to take care of some April business before I hand over the reins.


Mike said...

This has gotta be the best april fools post I've ever read. Even though I had already experienced(read) some poor attempts at an April 1st posts today, you got me to forget all about them. Sucked me in completely for most of the post.

Thank you! This made my day.

Andrea said...

But he said he was going to buy my blog! That bastard!