Was looking at this Flippa auction. The guy hasn't done anything with the site in years and makes $2K+ per month.
And that's with very little traffic.
Does that mean it's a good niche with less than average competition?
Was looking at this Flippa auction. The guy hasn't done anything with the site in years and makes $2K+ per month.
And that's with very little traffic.
Does that mean it's a good niche with less than average competition?
Show your support - Like us on Facebook
He seems to have a lot of domains in the niche. That screen cap of the income doesn't say if its from one domain or all of the domains. Some weird stuff there is nothing on the site that is for sale in cents yet his screen caps have cents. The screen caps are from 2009? The authorize screen cap has cents. The more I look into it the more it seems like a con.
The numbers don't add up and the guy basically says that he will be competing with you in the very near future. That was enough to put me off from doing any real digging when I saw the listing.
The niche itself does sound attractive.
If I was to buy it I think I would buy the lot, all domains etc. .
Clinton I think it is a good opportunity.
However, I think the seller is playing a bit sly.
benitez17, If you could jag all the domains and the brands I think if would be hard for him to compete if you took the list, sites, copyright etc.
It would be hard, but not impossible, and he has made it clear that he isn't willing to consider including all of the other domains for the current asking price.Originally Posted by JockP
Personally, I thought it was a site worth pursuing.
I understand benitez17's concern about the seller being able to set up in competition.
benitez, does it make a difference when, in a sale like this, the recent performance of the site wasn't reliant on the seller's personal involvement?
Show your support - Like us on Facebook
To me, that's the primary selling point.
However, in my opinion, it can't be overcome by the fact that the seller can just repeat the steps he followed to make this site as well as redirecting about half of the site's current traffic to this new, directly competing site whenever he pleases.
This listing is now up to $45,000 and is apparently about to hit the reserve.
The seller is still refusing to even name a price to lease the forwarded domains (which provide over half of the traffic and who knows how much link juice, but have zero impact on sales according to him), he hasn't addressed why the gross sales amounts don't match up with the prices on the sites, he has no Google Analytics, he won't use escrow properly, and he all but guarantees that he will be competing with you in the very near future.
That sounds like a recipe for disaster, but apparently there is a lot of interest in this listing. What are these people thinking? Am I off my rocker, or is someone about to be ripped off?
Edit: It ended unsold. It will be interesting to see what happens with it.
Last edited by benitez17; March 30th, 2011 at 8:02 PM.
Clinton (March 31st, 2011)
I've got "Negotiated Post Auction"?
It looks like the seller set his reserve at something between $45,001 and $45,100 since he said that the next bid would hit the reserve had a $100 bid increment, and just decided to accept the $45,000 bid.
I still think it's a risky purchase, for the reasons I mentioned above. If everything that the seller says holds true, the price is fair, but I'd place a fairly large discount on the listing because it doesn't come with control of half of the traffic being sent to the site, or the aged domains pointing to the site that almost certainly will be re-purposed into competing businesses by the seller or will have to be leased at a non-trivial cost.
Posting Permissions
Reply With Quote
Bookmarks