Over the past few years I have been developing an e-commerce website for a business idea I want to establish in the future however can not right now for a multitude of reasons. However my current employer is in need of full fledged e-commerce website as they are using Shopify and it is causing more problems than it solves simply because of its limitation.
My employer is unaware that I have been working on an e-commerce website in my free time however I am willing to make a proposal to them to sell them my e-commerce website source code. The website is production ready however it is not being utilized and is sitting dormant on my computer. As the frustration over Shopify grows the more I think they will be willing to listen to my proposal.
I have put countless hours into this personal project of mine over the years and I would safely say that I have put over 1000 hours in it and that is a conservative figure. Why so much time? This project has been a fantastic learning experience and because I want my business to succeed I have spent the time to make it as perfect as possible.
Some notable features of the website are;
- Extensive 3D product configurator,
- User tested UI,
- Consistent and appealing design,
- Real time postage tracking,
- Cloud based user friendly backend,
- Firebase utilisation,
- Moltin integration,
- Stripe integration,
- Slack integration,
- Online live chat support,
- Indepth user accounts,
- Extensive Redmine wiki and documentation,
- Mobile friendly,
- Targeted email advertising,
- A+ security, etc.
I have been with this employer for almost 2 years and can safely say that my website will work just as well for them as it will for me. Obviously I will need to change the style and API keys etc however I know the code to this website like the back of my hand and could easily change it for them within a month. In fact they could do it just as fast with the Redmine wiki.
The business I work for turns over ~$13Million a year so I know they could afford a decent figure but I am just unsure how much I should initially charge or how high or how low I should go. I have never done freelance work and many sources just charge an hourly rate and use cookie cutter websites to speed up production time but I built this website from the ground up with heavily modified angular and personally designed assets.
I don't want to approach them without a figure. Or if there is a better way to approach them with maybe a monthly cost or just not to approach them at all. All input is appreciated.
NOTE: My business idea and the business I work for are very different in what they do so I am not afraid of competition. It is merely a coincidence we can utilize a similar website. And I hope I can make a quick buck off their problem.
More information to clear some things up
- This is in Australia, all figures are in AUD.
- My contract allows me to work on personal projects and are not the intellectual property of my employer. Unless, obviously, I grant it.
- I am not selling an established website. My website is sitting in a folder on my computer waiting to be used. I am wishing to sell the code to my employer to use as they wish. The wiki was made so that I could die tomorrow and a 5-year-old could figure out how to maintain, update, develop and grow the website.
- Again! This wiki I made is filled with videos, screenshots, step by step instructions and documentation about almost every single line of code. And thanks to Redmine, navigating it is easy and understandable.
- Shopify is used because our IT department is only 2 people (me and one other) and we need a quick and easy way to start selling online.
- This business is as old as I and the majority of orders are over $1,000,000 so meetings and factory tours are common and deals are done in person with pen and paper contracts.
- This business's product was once niche. The product was typically bought by large corporations and government departments. Now we are seeing an influx in smaller orders from anything from primary schools, small businesses, and even bars. Since meetings and special dinners cost money they are reserved for the big spenders however we want to cater to the smaller guys in the most logical way possible, online.
- I plan on leaving this business in 5 years to do what I want. So I would rather an outcome that leaves me free to do what I want and still use the code I developed for my own personal use.
- Large payout or monthly installments are both fine aslong as I am not forever tied in growing their website and not my own soon to be business.