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3 Years + $100,000 Cost & Still Site Not Live... Is He Nuts?

Discussion in 'White Hat SEO' started by HalfACalf, Jan 16, 2011.

  1. HalfACalf

    HalfACalf Junior Member

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    I just had an conversation with a client. I told him that he's out of his ever-lovin' mind because he started working on his real estate website full time three years ago and he still doesn't have it live. He's spent $100,000+++ in developers and designers and writers, etc. and still is not finished... and likely won't be for at least several more months. I told him he should have outsourced a bunch of freelancers, paid them a couple of grand, gotten the site live in a month, and then could have refined it as he went, rather than just keep it under construction for over 36 months. What do you think? Has he lost his marbles, or could all this investment in time and effort actually be worth it?
     
  2. darkwood

    darkwood Newbie

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    it depends on the monetization angle i have seen sites make far more per month than 100k
     
  3. HalfACalf

    HalfACalf Junior Member

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    The only monetization is that he's selling realtors his web templates. It's a market that's way oversaturated with sites that do it way better than he can. He has no affiliates, no nothing... all he is going to do is try to convince realtors to give him a couple of hundred bucks. Personally I think it's borderline insane. He's gonna lose his shirt and he is NOT a rich man. He's sunk every dime he has into this.
     
  4. OnlineGodfather

    OnlineGodfather Senior Member

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    from that point of view.... he is NUTS! :D
     
  5. ahiddenman

    ahiddenman Elite Member

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    Damn crazy guy.
     
  6. albaniax

    albaniax Elite Member

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    Shi*t that sound very bad for him.

    He could have done that much better, if he had just put up the site 3 Years ago, and just paid SEO agencies to work at his site.

    ..and selling web templates? Wasn't that years ago?

    But it will be hard for you to convince him, as he already is living his project.

    Actually, I would love him to prove me wrong :p
     
  7. orlandolongwood

    orlandolongwood Junior Member

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    While I don't often see dollar numbers this high, this is an old story that repeats over and over. A few years back, the small webdev company I worked for was approached by a woman with a pearl jewelry website. She had paid over $20,000 for a website and now needed it hosted. When the software was reviewed - it was all just front-end HTML. No e-commerce engine, nothing. She was absolutely shocked. What is worse was that the graphics designer - who made a good-looking site ironically, did not actually rip the woman off. He had been designing sites for years, and decided to learning HTML so he could actually complete implementation and keep more money.

    He was flabbergasted. This guy actually and truly believed he had built an e-commerce site. He honestly thought that by uploading his HTML to "the Internet" that "the Internet" would convert it to an ecommerce site. To this day I don't think he believed us when we explained that it didn't work that way.

    Oh - the woman had a warehouse full of pearl jewelry. Which she tried to use to buy webdev services. We countered with a used "Ebay for Dummies" book.

    And it goes on - I got a call from someone who needed me to "customize his website" that he had paid $10,000 for so it would have his logo and background. It was a Google Places page . . .
     
  8. HalfACalf

    HalfACalf Junior Member

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    Yeah, I don't think I'm going to convince him that he's just flushed a thousand $100 bills. That story from orlandolongwood really proves that this guy is not the only person out there who really couldn't buy a clue about websites. :)
     
  9. cookie48

    cookie48 Jr. VIP Jr. VIP Premium Member

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    Maybe he doesnt care about money?
     
  10. HalfACalf

    HalfACalf Junior Member

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    Nah, he's working his butt off and has a new family. He's just convinced that this site will make him a zillionaire once it launches. I hope he lives that long. :)
     
  11. ahiddenman

    ahiddenman Elite Member

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    lol he could've bought a nice car or toy for that.
     
  12. HalfACalf

    HalfACalf Junior Member

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    Or lots of baby food... He has mortgaged his entire future and that of his family for this daydream. If he had even the slightest chance of breaking even I wouldn't feel so bad for him... but I really think that he's going to be lucky to recuperate 5 cents on the dollar... :(
     
  13. Kickflip

    Kickflip BANNED BANNED

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    I just don't see how someone with so little knowledge of internet business sits down and writes a check for something like this. When you are first starting out, you never invest more than 1) You have already made using free methods. 2) you would actually cry if you got scammed out of.
     
  14. HalfACalf

    HalfACalf Junior Member

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    I wish he would listen to reason, but he's as gung ho about having "the next big thing" and getting superrich as he was on Day One 3 years ago. He has nothing that all of his competitors don't already have and heck, by the time he goes live, he might be way behind everyone else. I wouldn't do a business that relied on getting $$$ from real estate agents if Taylor Swift told me she'd dance nikkid for me! :D
     
  15. HalfACalf

    HalfACalf Junior Member

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    There are even more danger signs. I've done a lot of work writing up some of his endless (and mostly pointless) copy. In the last couple of months he's told me three times to email a real estate agent who wanted me to write up some content for them for templates that they were going to buy from him once the site went live... and in each case they never replied. I'm starting to wonder if he's outright delusional. :confused:
     
  16. Kickflip

    Kickflip BANNED BANNED

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    My dad was the same way when I was younger. He always thought he was on the verge of the next big business idea that would take care of his family comfortably forever. Now I have no problem with people feeling like this, thats what drives us all every day, but you don't invest money you can't comfortably lose. My dad never achieved that goal, and will have debt until he dies. It hurts me to watch people lose everything. I just hope he is able to recover from this.
     
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  17. DigitalGangster

    DigitalGangster Regular Member

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    Damn with those 100k dollars i would have put at most 5k towards paying freelancers develop a super clean ass website with a custom built or atleast high quality cms. Then the 95k left would have gone into 50k white hat seo , all the link wheels , articles at 3-10 dollars a piece, backlinks packages or atleast get xrumer and/or scrapebox. A good server to run a big facebook campaign that consists of pure wall posting acroos facebook wall pages/groups. Given the fact that there are 5.3 million facebook pages(all of the pages from 0 to 1,000,000+ fans) and would have posted to atleast 1-5% every day.Then buy 10k youtube accounts and mass upload videos on 3 rapidleech servers running 24/7 with 100mb to 1gb connection. Also i would have bought atleast 5-10 ip blocks. So i would have a nice 1200-2500 proxies for xrumer, facebook, youtube etc. Now those 100k would have lasted me atleast 30 days if i did this with full throttle , and i would highly think 2 months for sure. Now since i would mix whitehat with blackhat i would for sure get my money back within 100 days thats for sure. Honestly, i can see how the design part is very important in a site and content. But seriously you need marketing if he is planning on launching something like that.
     
  18. HalfACalf

    HalfACalf Junior Member

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    Kickflip, my dad was a millionaire when I was a kid and by the time he died he was so broke I had to send him money to pay the rent. I also know first hand how it is to go from riches to rags. :(

    DigitalGangster, can you believe that out of the $100K+ he hasn't spent a penny on SEO? It's all gone into the site. He has zero articles, comments, videos, or anything at all out there. He doesn't even have a Twitter acct. or a Facebook page! It's freakin' unbelievable.
     
  19. mofoparrot

    mofoparrot Junior Member

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    This kind of makes sense given what I have seen of what my friends know about websites, let alone seo. Most of them think if you build it they will come (this has its merits on some situations i guess such as a viral video or a crazy amazing site like facebook when its a small nitch), but in general I feel that 95% of the population is absolutely mindblank. But yeah I would agree.. he's insane
     
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  20. cool01

    cool01 Newbie

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    i think if he invested properly $10-$20k will be enough to develop his real estate website.