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$10k for Facebook Fan Pages with 2M fans?

Discussion in 'BlackHat Lounge' started by sagarpatil, Jan 12, 2013.

  1. sagarpatil

    sagarpatil Regular Member

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    I started a thread on JV wherein I wanted to invest $10k-$20k in an already successful business.

    I got approached by a guy who owns a facebook fan page which has ~2M (real) fans and at least 1M of them are active fans.
    Every post gets anywhere from 5-15k likes. I've been following his page and can see they are quite active.
    The niche is "humour".

    His method is, post 15-20 images to fanpage and put 4-5 posts with links to his humour website.
    He gets around 12M-15M page views every month and makes $5k-$6k usign CPM ad networks.
    (I've seen the ad network accounts, G Analytics over teamviewer, they look solid)

    After being in touch with him and negotiating the deal, he's ready to sell this page for $10k.
    I did some research and spoke to facebook fan pages brokers or guys who already have big fan page, most of them say I'm over paying.
    Average is $7k-$8k for 2M fan page.

    I've done my due diligence and think I would be able to make $2k-$3k per month and should make my investment back in 6 months.
    So that's like $24k by end of year on an investment of $10k. More than 100% ROI. Too good to be true right?

    I need some solid advice from guys who already run similar businesses, I might buy the page for $10k using escrow.com next week.

    What do you think?
     
  2. tejsin

    tejsin Power Member

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    that sounds a very nice idea, but I really advice you not to use western union to buy his page or you will get stuck and money lost.

    Also, check if he has a bigger page that sends the likes and other things.

    Due diligence :D
     
  3. sagarpatil

    sagarpatil Regular Member

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    I made a sample blog post on my own website, tracked the traffic from that facebook page, everything adds up.
    Lol I wouldn't use WU to transfer $10k.
    I would be using escrow.com. I know its against facebook's TOS to sell a fan page.
    I'm using an agreement document which states he's transferring his rights to me as a partner.
    If anything goes wrong, I can show this to escrow.com and until and unless he doesn't make me fan page admin and I delete him, I wouldn't be confirming with escrow.com

     
  4. miklotov

    miklotov Newbie

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    I know two people who, together, bought 7 fan pages with 200k to 500k fans each, roughly around 3 million fans in total. The fan pages were built using humor, funny photos, cute animals, and quotations. They bought everything for $5,000.
     
  5. BackY

    BackY Senior Member

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    The best way to make fast traffic is social sites. I bought a page with 110k four about 100euroes, which is SOOOO ACTIVE, I went from having 500 visitors a day, to 5-6k per day!

    It doesnt mean that every page will bring you that much, you have to analyze the page closely before buying. I alos got it for a GREATEST price on earth!
     
  6. sagarpatil

    sagarpatil Regular Member

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    I knew I was over paying. I tried to get in touch with people who had fan pages with 200k-500k fans, but none of them are ready to sell them.
    You know a better way of buying facebook pages for a reasonable amount?

     
  7. sagarpatil

    sagarpatil Regular Member

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    You mean to say you bought 4 fan pages which each had 100k fans for 100 euros?

    The most important part of the puzzle is "xxx People talking about this", where you can measure your fan's interaction with fan pages. I've seen pages with 1M fans and only 1000+ people talking about it, doesn't make sense to buy them.


     
  8. AutoBlogger

    AutoBlogger Power Member

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    90% of humor sites traffic comes from Facebook these days. Apart from just CPM ads you can promote deluxe or non popular products from Amazon by creating memes on "Shut up and take my my money".
     
  9. PinkDiamond

    PinkDiamond Regular Member

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    Well first of all, if that is active page then why that guy selling his Fanpage?, He could use that to make money and take long term profit? secondly, Did you analyze whether you can get ROI or not?.. If you are investing $10k for just a single page. I'd rather suggest you to invest in something else. If you invest in big authority site and outsource that site for SEO. You can get ROI in short time. but as being asked, I'd suggest you to ask the guy who is selling fanpage that why is he selling his fanpage. Somewhere I heard that you can not even redirect urls from fanpage(it shows Page not found), Which was happened with me..


    just my 2cents
     
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  10. SocialMedia10

    SocialMedia10 BANNED BANNED

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    Sometimes you can negotiate the price down a bit if you offer him some equity in the page. This would give him both upfront money and a steady monthly income if you maintain it well - which you should if you are paying the said amount. If this doesn't work, I recommend going in at 7 and then maybe up to 8 if he doesn't bite.

    Also, I am not too familiar with Escrow's buyer protection policy regarding virtual items. I do advise that you submit payment using a credit card in case a problem were to occur.

    Good luck
     
  11. sagarpatil

    sagarpatil Regular Member

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    I understand where you are coming from? Visited the link in your signature. Of course CPM ads is just one way.

     
  12. kotsios555

    kotsios555 Newbie

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    Why would anyone want to sell sush a successful business? Is it maybe for risk getting their accounts banned?


    CTRL + Q to Enable/Disable GoPhoto.it
     
  13. sagarpatil

    sagarpatil Regular Member

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    Reason he is selling is - He's scared. Back in 2010, he used to make $100k per month (he owned several 1M+ facebook pages) and that has now gone down to $6k per month.
    Since FB rolled out EdgeRank, now your facebook status message only reaches 15% of your fans.

    Its like stock market, you own a stock and you think its going to go down and you sell it, but then on the other side is a guy who thinks of it as an opportunity and makes money out of it.

     
  14. kotsios555

    kotsios555 Newbie

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    Why would anyone want to sell sush a successful business? Is it maybe for risk getting their accounts banned?
     
  15. sagarpatil

    sagarpatil Regular Member

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    Thank you for your advice on credit cards, I have 3 of them but all of them have a limit of $2000 each. I'm only left with the option of doing a wire transfer.

     
  16. Ensili

    Ensili Registered Member

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    I feel like based on your estimated earnings of his website all in all amounting to almost 6k/ month I do only see two reasons for why he would be willing to sell for a minimum price of 10k.

    1. He believes his website is established enough to get him these visitors every day without the, supposedly then obsolete fb account. However, this option does not seem realistic to me. For this option he has to know that most of his traffic comes from fb. Secondly, he has to be aware of the fact that most of the traffic from the fb account will be redirected to your new website or whatever you are redirecting it to. Thus he would face a significant loss of visitors. This should not be a risk a guy is willing to take who makes 5-6k$ every month through IM. Which brings me to the much more likely option nr. 2.

    2. He is trying to screw you over in terms of his value proposition of the fb account. He either owns a second fb account (which you already negated as you added up traffic) or receives major amounts of views through a similar platforms nowadays.

    Regardless of which option it might be, I believe 10-20k$ for a 2m fb fan page is way too much. Especially considering that humor is a niche highly saturated and fast-moving. Also, I do think that many people neglect the psychological part. Though you already have an established fan page and a certain guideline to which humor is favored by his followers, who can tell that you will have the same success with your, lets face it, subjective posts. Considering that apparently most of his views come from the posts he makes on his fb page, this is very risky.
     
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  17. Ste Fishkin

    Ste Fishkin "I'm watching you.." - Apricot Jr. VIP Premium Member UnGagged Attendee

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    If you are happy do it - I would build my own page with that money though!

    If you do it use an escrow service or/and get a lawyer to write up a sales contract.
     
  18. sagarpatil

    sagarpatil Regular Member

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    If I try to build my own page it would take some time and in the end might or might not get me 2M fans.
    Why not buy something that is already successful?

    And yes, I would be using escrow.com and already got an agreement from my lawyer, so that's covered.

     
  19. ehinoze

    ehinoze Power Member

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    If I were you, man, I;d put my money in PPC and PPV.Test with under 1000 USD, and of course get an offer with at least 100% ROI and put say 3000 in it.
    And start working on more offers.
    With this you can turn your cash into a lot of money in no time.
    Don't be in a haste, Haste is the easiest way to lose all your money.
    If you buy this webpage, it takes genius to humour that manypeople.So many of them like his style which you may not be able to emulate.What if youturn them off and they walk away?
    Man be wise.
     
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  20. sagarpatil

    sagarpatil Regular Member

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    Thanks for your advice!