mckennaronnie said:
To SiliconFinance: Do you really feel that City name tv'swith medium sized population but decent income & industry will be worth around $10 - 20 xxx in the near future?
Near future to me is 2-5 years. What something is worth is what someone is willing to pay for it. As major geographical dot tv names are developed and people outside those geographical regions learn about them, then I assume they would expect to find a similar site tailored to their geographical region. For example, suppose the first major regional site to be developed (if it has not already been developed) is NewYork.TV.
Suppose I am in Los Angeles, my first move would be to check out NewYork.TV then check out LosAngeles.TV. Of course, the same might be true for NY.TV and LA.TV.
Therefore, when I say near future and my estimated time frame, I am completely speculating, but I am willing to bet in less than two years we will begin to see developed geo sites.
If a developed geo site generates 2-3K in a month in net income, which is perfectly capable and not unlikely, then I believe asking 10K plus right now is a minimum price I would ask from a buyer who intends to profit by developing the site. The last thing I would do is sell it to another speculator. Chances are that they will not value it as high as someone who intends to develop the site.
The factors I would recommend sizing up are whether it is a premium name, whether the city is spread out like LA or more vertical like NY, and whether there are a lot of opportunities to sell advertising.
This is one aspect of the consulting I have done in the past, but without getting into further specifics the most important ability is the ability to size up the opportunity. That may require some practical experience but a lot of business judgment, which is not discussed as much on these forums.