No words, just shocking! I cant appreciate enough the positive attitude you demonstrated even after such a loss, not many people will be able to do that. With such a determination and positive mindset, you will surely achieve a lot more success, Ron, All the best!
@OneHourProfessor3 жыл бұрын
Yea, it sucks but thank you for the support!!!
@EmiliaGardner3 жыл бұрын
I've been waiting for this one!
@OneHourProfessor3 жыл бұрын
I wish it didn't exist, lol. But hopefully you enjoyed!
@alexanderrivera70473 жыл бұрын
Man as a New Yorker my first reaction would have been.. I see you outside! At least you have built a site at a huge valuation so u can totally do it again over and over! Thx for the video. It shows that you are a genuine guy. Good luck on your move to Arizona. Leaving the snow behind woop woop
@OneHourProfessor3 жыл бұрын
Yea Alexander, that was one of my thoughts as well lol. But it’s still a great amount of money and I’ll live. Thank you for the support!
@JamalAhmadMalik3 жыл бұрын
And that's why we are following you. You earn, you tell us how. You lose, you tell us why. Although I am sorry for your loss, I am also happy that you turned it into something good. Thank you, Profe.
@OneHourProfessor3 жыл бұрын
Thanks Jamal, I've always tried to build with transparency and appreciate the recognition.
@amarkmanpeters3 жыл бұрын
While it’s horrible, count your blessings. Love the way you moved on. Admirable attitude and inspiring message.
@OneHourProfessor3 жыл бұрын
Thanks Mark!
@reomi17383 жыл бұрын
I think you have such a healthy and admirable attitude about the whole situation. Thanks for setting a great example. And I'm sure better things are on the way, especially with OHP. Keep up the good work!
@OneHourProfessor3 жыл бұрын
Thanks Roli!
@shabarishbalaji18813 жыл бұрын
Wow, you are very strong. Very Inspiring. Thank You
@MintedEmpire3 жыл бұрын
I feel your pain, Ron! I had a similar experience where a site sale went bad and a ton of money evaporated from the deal. It sucks big time. Hopefully there’s a big learning point in it, there was for me anyway. Chin up and keep doing stellar work! Thanks for sharing.
@OneHourProfessor3 жыл бұрын
Thanks Keith. As with most bad things, this too shall pass.
@Justemms3 жыл бұрын
OMG how it happen
@OneHourProfessor3 жыл бұрын
Betrayal.
@justinmatmor31243 жыл бұрын
The way you could have avoided this issue was to set up a separate LLC for the website, transferred all your revenue sources to the LLC and when it came to selling the site all you needed to do was to transfer the LLC to the new buyer. The partners would not have been involved in the transfer at all and the sale would have been smooth. In hindsight it is easier said than done. Maybe in the future, if you're planning on selling a site, set up a dedicated LLC for the site to ensure the sale is carried out without any issues.
@OneHourProfessor3 жыл бұрын
Really interesting thought process, Justin. I actually love that idea. Probably would have had to have done this from the start to make it work this way, otherwise they would have had to change billing to the new LLC. But, interesting strategy nonetheless.
@justinmatmor31243 жыл бұрын
You would need to set up an LLC for a particular website once a site can be self-sustained and more importantly, before you decide to sell it.
@AwesomeCardGames3 жыл бұрын
This situation would feel like a punch in the gut. The partner really hurt your business. I understand why you can't mention their name. It would be helpful to mention the name for other people can avoid this partner.
@OneHourProfessor3 жыл бұрын
It was pretty brutal indeed, but that's part of business. All I'll say is that it was an affiliate I used who gave me access to an API for some of their data. Most people won't deal with this, so it's not worth it to disclose. Plus, I'm not going to call out a "partner" because they made a business decision. I'll never understand WHY they made the decision, but that's between me and them and may not apply to all people they work with.
@ytdarpan3 жыл бұрын
@@OneHourProfessor Sorry for the loss that you have to settle with! I can guess the partner from your hint... It is "indeed' indeed... LOL... All the best in your other ventures:)
@sweetgoldtv79503 жыл бұрын
Oh my god am so sorry for that bros
@mohitjain21573 жыл бұрын
U came out of this with a winners mindset, you'll make much more down the road
@OneHourProfessor3 жыл бұрын
Thanks Mohit, that's the only path forward.
@FIghtShark3 жыл бұрын
Sad story. Would be nice to know that "partner" to avoid working with him. This could save people lots of money.
@OneHourProfessor3 жыл бұрын
All I'll say is that it was an affiliate I used who gave me access to an API for some of their data. Most people won't deal with this, so it's not worth it to disclose. Plus, I'm not going to call out a "partner" because they made a business decision. I'll never understand WHY they made the decision, but that's between me and them and may not apply to all people they work with.
@hazalsemaaltunhan83453 жыл бұрын
I am thinking maybe the guy who bought the website went behind your back and got in touch with that partner, and asked them to drop out, so he will buy cheaper, and maybe he gave them a percentage of the Value he has saved. It is just a speculation of course
@OneHourProfessor3 жыл бұрын
Hazal - I think some people may be willing to do this, but I definitely don't think this was the case with him. While possible, he just doesn't seem like that type of guy and it would be weird for the other business to do that as well.
@jennifergoldentv18353 жыл бұрын
Nice content
@ShawnManaher3 жыл бұрын
Not everyone would be willing to share these kind of awful experiences. Wow, you handled it well.
@OneHourProfessor3 жыл бұрын
I didn't handle it well at first, lol. But I've accepted it now.
@solorosco3 жыл бұрын
I came here because I just sold one of my site today 😂
@OneHourProfessor3 жыл бұрын
Congrats!
@RickBlythe3 жыл бұрын
I would threaten the 'partner' with a lawsuit.
@iamcyrix3 жыл бұрын
Probably by the agreement they were allowed to stop the partnership at any moment. Sometimes, it's better to accept the loss and move on.
@OneHourProfessor3 жыл бұрын
I thought of this, but the contract is much more friendly for them. Future learning lesson? At least make it so that they have to give me a 7 day notice of cancellation or something.
@OneHourProfessor3 жыл бұрын
^^^This
@ToshLubek3 жыл бұрын
The story resonates with me, although I haven't lost that amount of money. Thank you for sharing.
@OneHourProfessor3 жыл бұрын
Thanks Tosh, glad you found it interesting.
@anitachipapo85212 жыл бұрын
Just wanted to hear
@margaret58283 жыл бұрын
I've been on the other side of this - on the tech side with a team delivering APIs. You could have been dealing with the same account manager for the last four years, but all it takes is a recent change at the C-level with a new CIO who is more adverse to risk or just wants to "shake things up". Out of your control.
@OneHourProfessor3 жыл бұрын
Very much think this is what it was. Sucks to be on this end of it, but that’s life.
@ZZ-wh9km3 жыл бұрын
Thank you for sharing and i am sure that this will motivate you to scale your current websites even more
@OneHourProfessor3 жыл бұрын
It already has! Now I’m angry lol
@MohammedDebon3 жыл бұрын
Hi Ron, How the buyer deal with this ... do he find another partnar... or he try to make deal with old dealer or he is a friend of old partner
@OneHourProfessor3 жыл бұрын
I found a partner to take place of the old one and, to the best of my knowledge, he stayed with that partner.
@mdreyad15003 жыл бұрын
keyword research video share plz
@OneHourProfessor3 жыл бұрын
I think you'll be happy to know I'll be doing much more of this soon.
@bradburyrobinson3 жыл бұрын
Painful Ron, painful. Having dealt with some affiliate companies/managers in the past it seems they know the ball is in their court and do what the hell they like. I've had nothing on your scale but had things cancelled, terms changed, rates adjusted, etc. with no warning. Did the partner give you no hint of why it was at all?
@OneHourProfessor3 жыл бұрын
They did raise an objection that they had also raised when I first started. Nothing new really. We worked with that objection being fine for four years, but when I tried to transfer the relationship they decided to cancel things. It hurt, it still sucks, but it's only money and the world keeps on spinning.
@bradburyrobinson3 жыл бұрын
@@OneHourProfessor - I withdrew some cash last night and got hit with a sneaky £3.50 charge, I thought that hurt but it's not on this scale! Onwards and upwards.
@jimmalone2793 жыл бұрын
Would it have helped to have had some sort of agreement between you and the so called "partner" that would have outlined your relationship ?
@OneHourProfessor3 жыл бұрын
We had one but it didn't have any type of rule on termination. lesson learned.
@sweetgoldtv79503 жыл бұрын
Hi good day, my Channel name is sweet Gold TV I came across one of your video were you are talking about disabled AdSense, and my Google AdSense was disabled as well please i need your help, please
@OneHourProfessor3 жыл бұрын
If this is for KZfaq, I really can't help. I was speaking about websites specifically.
@sweetgoldtv79503 жыл бұрын
Do you no of anyone that can't help?
@CarlBroadbent3 жыл бұрын
That sucks. However, all that revenue for years plus £277k was awesome. But I can understand that stung 😖
@OneHourProfessor3 жыл бұрын
Yea Carl, I did the math behind it and that site made me over 600k collectively over the years. Definitely not terrible.
@CarlBroadbent3 жыл бұрын
@@OneHourProfessor Not too shabby 😂😂 Awesome mate
@adrill13003 жыл бұрын
Bruh. I hope you make that back.
@OneHourProfessor3 жыл бұрын
It'll come :)
@adrill13003 жыл бұрын
@@OneHourProfessor :) It will, your too good at what you do.
@rahulchoudhary43033 жыл бұрын
Wow we. Can sell 10k site in half a million dollar.