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Over $10,000 in Profit in 3 Months from a Site (with Proof) - I Have a Question!

Discussion in 'Site Flipping' started by crazyflx, May 12, 2010.

  1. crazyflx

    crazyflx Elite Member

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    First, here are some stats about the site:

    Unique Visitors a Month: 6,237
    Page Views a Month: 13,322
    Alexa Rank: 373,832
    Page Rank: 1
    Compete Ranking: 281,852

    (nothing is faked)

    WebsiteOutlook.com says my site is worth $7,402
    StatInternet.com says it's worth $24,680
    7zoom.com says it's worth $7,473
    StrategicFirst.com says it's worth $89,731


    My question is this...

    I listed the site I'm talking about above at Flippa with a reserve of $8,000 a starting bid of around $1,700 and a buy it now of around $9,000

    Am I asking too much? Am I asking too little?

    I'm selling it because I've moved onto something that is making me a lot more money, and I don't have the time or energy to "keep up" with this site. I've had the site up and running for 7 months now. In the past 3 months alone I've made over $10,000 with it and I have uploaded proof to flippa.com on my listing.

    I know nothing about selling websites as I've never done it before.
     
    Last edited: May 12, 2010
  2. Thenayr

    Thenayr BANNED BANNED

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    None of this means jack-shit. I promise.
     
  3. crazyflx

    crazyflx Elite Member

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    Haha, I didn't think so, but I figured what the h3ll.

    Aside from that, does the rest of it mean jack-shit? I mean, I really do make that much from the site, and it really does get those visitors.

    Am I undercutting myself on the sale price or vice-versa?
     
  4. troybh

    troybh Junior Member

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    First of all your a lying and think were a bunch of idiots to believe you will sell a site that makes 10k in 3 months for only 8k. If you are selling it then why wont you tell us the domain.
     
  5. crazyflx

    crazyflx Elite Member

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    Well, by calling me a liar you've inadvertently answered my question...so thanks.

    I didn't mention the domain or the flippa listing URL because I didn't want people to think I've made this listing for the purpose of hyping my sales page at Flippa.
     
  6. chockfactor

    chockfactor Jr. VIP Jr. VIP Premium Member

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    Hehe yeah,

    but as you can see it is very cheap for a site like that;)


    Jack up the bin:cool:
     
  7. crazyflx

    crazyflx Elite Member

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    Oh, and I never said I was selling it for 8k. That is just what the reserve stops at. I have the buy it now listed at 10k and the starting bid at 2k just to promote bidders to take action.

    Also, considering it only cost me $33.65 to get this site up and running (the cost of hosting) to sell it for 10k is a pretty nice profit.

    Lastly, what I'm currently doing in the IM arena is making me A LOT more money than that anyway, and I don't have the time to keep this site up and running (as it requires 1 to 2 hours of a work a day...work that I find to be too tedious and monotonous to continue when I can just sell the site off for a nice profit all at once.)
     
  8. liquid5170

    liquid5170 Junior Member

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    well... where's my delete option? :)
     
    Last edited: May 13, 2010
  9. TopHat777

    TopHat777 Junior Member

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    Fuck no! 10k is entirely too much man! I'll give you $10 for that piece of shit ;) LOL J/K
     
  10. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Where is the traffic coming from? Is there any paid traffic? And what are the revenue sources?

    That's a lot of revenue considering your relatively low traffic - so I'm assuming it is mega targetted.
     
  11. jahstafari

    jahstafari Newbie

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    Or how about we do a JV on that site? I do the work (if it really is 1-2 hours, then I can do it I think) and you give me whatever you want to pay me? (Heck I can live on $3 a day)

    You keep the site, you make more money out of it, increase ROI, and worry no more about whether you are selling it for the right price.
     
  12. Mark Blaze

    Mark Blaze Registered Member

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    The kinda goalpost people tend to give is 6 x your average earnings!

    So if it made 10k in the last 3 months and is going up then even your buy it now price is cheap but we all know screenshots can be faked etc etc so unless you have alot of trust in the marketplace and are a good seller you won't be able to get that much.

    Mark Blaze
     
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  13. crazyflx

    crazyflx Elite Member

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    There is absolutely no paid traffic of any kind. All traffic is organic, and any profit is 100% net profit as there is no expense at all to run the site other than hosting and time.

    Yes, the traffic is mega-targeted by nature, and the revenue source is from the commissions of the sale of an affiliate product.
     
  14. crazyflx

    crazyflx Elite Member

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    Thanks for being the first one to really answer my question Mark, I appreciate it.

    As for the screenshots being faked, I kind of figured that. So, I took a video of me logging into flippa, showing my listing, and then in the same browser window logging into my affiliate account where I get my commission checks from and going through it all on screen and all without a break in the video.
     
  15. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Awesome. Sounds good. Mark is correct - depending on your sales copy and a few other factors, 6x would be on the low side, but at the price you are selling it is probably realistic as 9x ($30k) would be a big punt considering the age of the site.
     
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  16. crazyflx

    crazyflx Elite Member

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    Alright, one more question.

    I have 3 people that have PM'd me about being interested in purchasing the site. Ironically enough, 2 of the 3 have asked one of the same questions:

    "Would I be willing to sign a non-compete" -> I know what that is, and I have no problem signing one as I'm getting out of the niche completely (as I've moved on to other things), however, since that wasn't part of the agreement in my listing, should I say something like:

    "yes, I'm absolutely willing to sign one. However, as that wasn't part of the agreement, I'd like X amount of more dollars for signing one"

    Or should I just be happy that I have interested buyers and take what I'm asking?
     
  17. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Up to you. I've made over $10k extra from signing a non-compete. If I were you, explain that you would want more for the non-compete, but if he/she reaches your BIN price you would be happy to sign one.
     
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  18. jahstafari

    jahstafari Newbie

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    So I guess you really don't want to give this kid a chance..
     
  19. bbrez1

    bbrez1 Power Member

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    People usually sell their websites for about 8 x average month profit. But if you earned that much till now why sell it? Do you really need the money? You could always move to something else and have a nice steady income from this site. You will make way more in 1 year than if you sell it now
     
  20. crazyflx

    crazyflx Elite Member

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    It's not that I really need the money, it's that I don't need the hassle. Without the steady work being put into the site, it is simply a waste of hosting fee's for me.

    I mean yes, I'll continue making some money without doing any work at all, but in 4 months time with no work being put into the site, the income that it generates will drop to nearly zero and then I won't be able to sell the site at all.

    Whereas if I sell it now for 10k or so, I get a nice one lump sum of cash that I already have a solid money making opportunity to use it for (an absolutely rabid PPC niche that I "tested" converts at a very very nice ROI...but the keywords are pretty expensive)

    That, and a lot of my time is being taken up by something that is already generating me more money than that site generates.