A newly established social network focused on customer product reviews is up for sale. This sale includes two websites, both originating from a project initiated in late 2004, which started live operations in January 2008. The primary site offers free memberships where users can share reviews of favorite shopping or dining locations. Additionally, businesses provide free offers to attract users. Members can search for reviews by location or product to find highly recommended services.
Originally developed as a part-time venture, the creator has decided to sell the project due to financial constraints, aiming to launch it in the US market, where similar sites achieve significant success. Modifying the site for US compatibility is estimated to cost $3,000, and the development work has been consistently provided by a team based in Ukraine. The site’s unique offering includes benefiting users through their network connections and providing businesses access to potential customers through endorsements from current users.
The seller has invested around $20,000 in programming costs and is willing to sell for substantially less. Revenue is generated from business memberships and review members who pay for advanced features. The current client base may renew their subscriptions early in the year, but the main focus is on expansion in the US market.
Site traffic is minimal, generated mainly through word of mouth without a promotional budget and with an existing beta focus in Australia. The site promises growth potential with effective promotion, leveraging user recommendations and the allure of free offers.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself, or use our new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More