Hi, may I ask why are you selling this site if it only needs some optimization (more over optimization you know yourself what to do:)) to be profitable?
VReel.net DivX UGC Video portal Active social network
Featured on CNET, AOL Download Squad, KillerStartUps, HowToGeek gHacks
http://vreel.net/board/showthread.php?t=3468/
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This listing ended without a winner.
- Bid History:
- 14 Bids (0 Pending)
- Offer History:
- None accepted (0 Pending)
- Listed:
- Mon, 02 Feb 2009 16:49:11 GMT
Accepted Payment Methods: PayPal, Electronic Transfer, Cheque, Escrow.com
Description
VReel is a high definition video sharing portal boasting a powerful and active discussion based social network, dubbed the "successor to Stage6".
VReel's primary focus is its high definition video sharing concept - as previously seen on DivX's Stage6. VReel utilises the DivX WebPlayer to deliver video content in both the DivX Codec, and MKV Container (h.264). VReel also supports both photo sharing, and audio sharing - along with a range of general social networking features such as commenting, befriending, private messaging, subscribing, creating community groups etc etc. VReel also features a popular forum, and java chat system.
VReel has been featured on several high ranking news websites:
CNET: http://news.cnet.com/8301-17939_109-9972630-2.html
Download Squad: http://www.downloadsquad.com/2008/04/25/stage6-clone-divxit-becomes-vreel/
HowToGeek: http://blogs.howtogeek.com/mysticgeek/2008/06/13/exclusive-look-inside-vreel-including-interview-with-vreel-founder/
gHacks: http://www.ghacks.net/2008/04/25/stage6-clone-divxit-becomes-vreel/
KillerStartUps: http://www.killerstartups.com/Video-Music-Photo/vreel-net-high-definition-video-portal
VReel's was coded from scratch by lead developer Serhan Kiymaz, who is rated within the top 100 coders out of 240,000 on rentacoder.com: http://www.rentacoder.com/RentACoder/DotNet/SoftwareCoders/ShowBioInfo.aspx?lngAuthorId=1591509
VReel's current design was spearheaded by "Hawk" Konrad, developer of stream-actu.com and fullcss.com.
VReel was fully profitable in late 2008, and early 2009 - due to advertisers crashing, VReel is currently not turning over a profit. I would expect advertisers to recover around mid-2009. There are several methods that could currently be used to acheive instant profitability with VReel, but would likely result in a community revolt.
Firstly, our virtual currency "vPoints" (used to purchase premium accounts, skip queues before viewing a video on free accounts etc) can be earned through our CPALead Portal. While this did not take off as well as we expected, VReel can be turned to profitability by forcing a user to take a Survey before viewing video content.
Secondly, the Zango gateway downloader can be activated - we ran this for 5 days (2 days forced install, 3 days optional) in July/August of 2008. Over the 2 forced days, our total earnings were $10368.92. Over the 3 optional days, our earnings were $10546.72. Our total earnings over these 5 days was $20,915.64.
Thirdly, all content can be converted to h.264 mp4 with a high level of motion detection - this would slash bandwidth costs, but decrease quality to a below standard rate.
Finally, VReel can also be switched to a paid-user only model.
Avoiding these methods, VReel should return to profitability with advertiser and premium account support in mid-2009, pending our advertisers rates return to normal.
VReel is served through the Edgecast Content Delivery Network, and is paying one of the lowest prices for CDN bandwidth in the industry. VReel is currently storing 11951 Videos, taking up a total of 3.4 Terabytes of space. For details on pricing, please either PM me, or send an email to Eoin@vreel.net .
While this would be a LOT cheaper to serve through "unmetered" servers placed around the world, this would be both a lot more difficult to manage, a lot more open to bandwidth theft, and may result in slower speeds all round.
VReel's current month running cost is $12982.73 in bandwidth, approximately $1020 in storage fees, and currently €200 for one standalone backend server (we would recommend increasing this to 4 servers), while our current month revenue (surveys, link to download graboid underneath videos, premium subscriptions & banner adverts) is $7910.89.
Currently, we are doing all we can to curb our growth - adding wait times, manually throttling speeds for non-paying members, and increasing amounts of advertisements. We have managed to level VReel around the 50,000-70,000 user per day mark. Previously without these limits, in July/August, VReel was serving over 450,000 visitors per day (just under 14 million visitors per month, and within the top 4 most popular video sharing websites online). This can easily be acheived again by removing all free account limitations - but the running cost would be extremely high. I would only recommend this if you have a strong Venture Capital behind you.
VReel's beta has been redirecting to our forums since Jan 28th, so that we can optimise our code to run on lower equipped servers, thus dropping our overall running cost. We expect to be back up and running fully late Feb 2nd/Feb 3rd.
VReel's content is only actively policed for pornographic material - otherwise, we have moderators staffed to deal with any takedown notices (normally around 2-3 per week).
VReel has an extremely dedicated and intelligent community who are very active in both content uploading, and discussion. Working for them over the past year has been one of the best experiences of my life - it is with a lot of sadness that I would have to sell VReel.
You can contact me on Eoin@vreel.net if you have any questions which you wish to make in private.
Revenue Details
So far this month (up to Jan 28th):
Premium Membership: $957.47
Valueclick: $2,516.92
Graboid: $2298.30
Adbrite: $183.50
AdOnion: $594.01
VideoEgg: $649.04
SparkStudios: $175.12
CPALead(since Jan 26th): $52.23
AdOn Network: $124.71
Adap.tv: $359.49
Also approved to serve advertisements with:
Google Adsense
Burst Media
Adtegrity
CPX Interactive
MetaNetwork
Right Media Exchange (And various one-to-one offers with RMX/DMX Networks)
Traffic Details
Search Engines, Direct Traffic & SurfTheChannel.com homepage
Attachments 4 public (0 verified)
Questions 58 public, 6 deleted
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- Posted by:
- Date:
- Mon, 02 Feb 2009 17:20:01 GMT
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- Posted by:
- Date:
- Mon, 02 Feb 2009 17:30:38 GMT
lior: I cannot myself support VReel for the upcoming months while waiting for our Advertisers to recover. I also feel that while VReel would remain popular through forced CPALead/Zango interaction, it would result in community deterioration - which I personally feel is the best aspect of VReel. Other webmasters however, may be more interested in just having another profitable website behind them :)
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- Posted by:
- Date:
- Mon, 02 Feb 2009 19:51:09 GMT
I'm a bit confused... how do we see the actual site?
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- Posted by:
- Date:
- Mon, 02 Feb 2009 20:09:14 GMT
Airkat: I'll PM you on login information :)
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- Posted by:
- Date:
- Mon, 02 Feb 2009 20:32:40 GMT
Please PM me login information as well
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- Posted by:
- Date:
- Mon, 02 Feb 2009 22:12:12 GMT
I'd be interested in checking it out as well, thanks!
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- Posted by:
- Date:
- Mon, 02 Feb 2009 22:17:47 GMT
If you could PM login information, it would be much appreciated. Thank you.
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- Posted by:
- Date:
- Mon, 02 Feb 2009 22:47:20 GMT
Hi all - logins PM'd on. Let me know if you have any queries :)
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- Posted by:
- Date:
- Tue, 03 Feb 2009 00:20:41 GMT
Added Zango payout screenshots as requested over PM.
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- Posted by:
- Date:
- Tue, 03 Feb 2009 00:56:59 GMT
Can u please pm your reserve or bin to me? Thanks
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- Posted by:
- Date:
- Tue, 03 Feb 2009 00:57:49 GMT
Kiss: gotton a lot of requests for that, currently I can't reveal our BIN or reserve price.
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- Posted by:
- Date:
- Tue, 03 Feb 2009 02:13:07 GMT
Hey Hey - what were the costs for bandwidth back in the summer when you were doing 450k visitors a day? Also what was your best month of revenue? - Feel free to PM me a breakdown Month over Month if you want.
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- Posted by:
- Date:
- Tue, 03 Feb 2009 03:08:12 GMT
Can you send me your url please
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- Posted by:
- Date:
- Tue, 03 Feb 2009 08:12:53 GMT
I would also really like to see the site is there a way?
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- Posted by:
- Date:
- Tue, 03 Feb 2009 20:44:02 GMT
Hello
$20k revenue in only 5 days is a huge amount.
Why not put Zango back on and save up enough money so you can keep this site?Bill
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- Posted by:
- Date:
- Tue, 03 Feb 2009 21:39:29 GMT
Bill: We have a very active and strong community - the last time we did this, it resulted in an online revolution. With being left with the choice between having a happy and active community and having a strong earner behind me, I opted for the community. This however proved to be a very expensive choice.
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- Posted by:
- Date:
- Tue, 03 Feb 2009 21:41:47 GMT
DanNicol: During the summer, we were being charged over the top rates for bandwidth, and were also not provided any real security by our CDN at the time. Our bandwidth rates over this period were insane, with around 80-90% of our outbound bandwidth being leeched.
Our best earning period was this month, as we had never monetized our content fully until now - focusing too much on growth instead. If we were to have our current level of advertisements last summer (along with advertisers still paying out high amounts), we would likely have brought in over $30k a month without zango/graboid support.
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- Posted by:
- Date:
- Tue, 03 Feb 2009 21:42:09 GMT
Also, PM's sent with login information :)
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- Posted by:
- Date:
- Tue, 03 Feb 2009 23:10:07 GMT
Need to take a look, please provide login information
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- Posted by:
- Date:
- Wed, 04 Feb 2009 05:56:39 GMT
We should have regular access open again tomorrow, relieving the need for a private login - also added Valueclick & Graboid earnings for Jan 09 as requested over PM.
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- Posted by:
- Date:
- Wed, 04 Feb 2009 06:02:35 GMT
Did you have an issue with bandwidth with Limelight? I heard the BW bill was huge due to so many downloads. Can you elaborate if there is any truth to that?
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- Posted by:
- Date:
- Wed, 04 Feb 2009 17:32:06 GMT
vlaze: A large bandwidth bill was accumulated due to very poor token auth security at limelight leading to bandwidth theft, a large price per gig transferred, and being told "dont worry, we'll find investors to help you if you get in trouble" before signing any papers.
This is written off as a personal debt, and the current CDN we are working with (Edgecast) offer a much higher level of security, along with a much lower price per gig transferred. Edgecast also offer additional security which is so far unheard of in the CDN industry, such as allowing you to manually throttle speeds, thus controlling your growth.
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- Posted by:
- Date:
- Wed, 04 Feb 2009 18:26:25 GMT
To answer a query about payment asked over PM - I would recommend electronic transfer/bank wire for payment, due to the current wait times in clearing a cheque (6-8weeks). Auction also reduced from 30 days total lenght to 12.
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- Posted by:
- Date:
- Wed, 04 Feb 2009 20:11:17 GMT
i am still waiting for LOGIN acess. 2 pm sent
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- Posted by:
- Date:
- Wed, 04 Feb 2009 20:41:54 GMT
pt: apologies for the delays, sent now.
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- Posted by:
- Date:
- Wed, 04 Feb 2009 22:55:04 GMT
Was sent a nonworking login...I need one that works to review site.
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- Posted by:
- Date:
- Wed, 04 Feb 2009 23:05:37 GMT
routhmann: you're the first to mention a non-working login. Can you tell me what error you received?
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- Posted by:
- Date:
- Thu, 05 Feb 2009 02:14:14 GMT
To sum up the previous two unverified posts(removed), please refer to post #22.
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- Posted by:
- Date:
- Thu, 05 Feb 2009 02:16:41 GMT
I don't think anyone would just wire a bank transfer or send a cheque for the sort of money you are asking for. You need to offer more secure payment options like Paypal or Escrow.
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- Posted by:
- Date:
- Thu, 05 Feb 2009 02:35:12 GMT
That's no problem Dave - but I can't find any way to add it through the marketplace. Sent on a report requesting paypal/escrow are added as acceptable payment options.
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- Posted by:
- Date:
- Thu, 05 Feb 2009 05:34:33 GMT
Please pm logins? What were the daily pages views(July, August) when you tested zango vs. now. If I am looking at this correctly, the site was generating 450K daily PV during the July, August timeframe. The site, by design, is getting considerably less traffic now...so is it safe to presume that the zango numbers would be significantly less now, or no?
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- Posted by:
- Date:
- Thu, 05 Feb 2009 16:29:33 GMT
Will you consider my offer , i have mailed you .
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- Posted by:
- Date:
- Thu, 05 Feb 2009 17:03:38 GMT
Bizdev: We're currently doing a server batch switchover, and free accounts will be able to log in as normal within a couple of hours. I apologise for the delays. Yes, we're bringing in less traffic now (around 25% of our "peak" traffic during June/July. This is due to our current throttling of free users - with heavy banner advert display, queueing before watching videos, and our bandwidth limits for unpaid accounts. With these in effect, you would normally attract community-based members, who would spend a great deal of their time exploring the community aspect of vreel (community groups, user-made forums, main forums, chat, vpoints) - this in effect would lower the hitcounts, but raise the standard of members.
With Zango, you would rise back up to around 250,000 uniques per day easily, but the community side of VReel would likely entirely leave. This would be highly profitable, and raise video uploading popularity - but would cause the collapse of our forums, chat, and communities.
Site_Masters: As I previously stated, we will only be able to accept financing on the BIN offer if the majority was paid up-front. The remainder would need to be paid over 3 months.
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- Posted by:
- Date:
- Thu, 05 Feb 2009 22:07:53 GMT
i remember when vreel started off, but i don't think i remember it actually working. everything looks great in potential sector, If i where to buy this and want to bring in millions of people, how could i be guaranteed that this would be stable enough to handle?
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- Posted by:
- Date:
- Thu, 05 Feb 2009 22:23:05 GMT
jack: it ran in open beta for the best part of around 3 months. Generally, vreel was perfectly stable (even with 450k visitors daily) - unless we were doing updates, or bug fixes.
Right now we're moving across to a new dedicated server batch, and hope to be back online and open again very shortly - with the complexity of our code, we're going to be spending half the night just configuring php on our new servers. You should hopefully get a look at it in its running glory quite shortly though :)
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- Posted by:
- Date:
- Sat, 07 Feb 2009 02:15:21 GMT
Eoghan you and I were going to be working together on monetizing this site (Tim Clows friend you and I spoke on the phone). Nice site. Tons of potential. Good luck. Wish I had the coin for it Id buy it right now. Let me know if you are looking for ad rep.
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- Posted by:
- Date:
- Sun, 08 Feb 2009 11:35:44 GMT
one more question is it possible to move the entire website to unmetered servers ? i mean without using CDN ?
If possible how much it costs for such servers .
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- Posted by:
- Date:
- Sun, 08 Feb 2009 18:30:30 GMT
please PM me the login info. Thanks.
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- Posted by:
- Date:
- Sun, 08 Feb 2009 19:53:47 GMT
site_masters: Yes, entirely possible. This would cost inarounds $1000-$2000 per month. Expect speeds to slow to a near crawl though.
kd: vreel is currently open, you can surf without an account at www.vreel.net -
- Posted by:
- Date:
- Mon, 09 Feb 2009 02:00:33 GMT
Hi, can you PM me some logins please?
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- Posted by:
- Date:
- Tue, 10 Feb 2009 12:46:48 GMT
Removed spam post for webhost startup..
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- Posted by:
- Date:
- Thu, 12 Feb 2009 10:49:44 GMT
Hi,
I signed up for an account about 2-3 days ago and I just recieved the activation mail :) are your servers that bussy sending activation mails?!?!?! -
- Posted by:
- Date:
- Thu, 12 Feb 2009 13:12:33 GMT
Ahoura: Please shoot off a mail to support@vreel.net with your signup name from the email address you registered from :)
Increasing time left on auction by 2 weeks - reserve is $10k off, and things seem a lot better cashflow wise since re-opening; it would appear a lot of our outgoing bandwidth was due to leeching from our servers. Currently, things look a lot more positive.
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- Posted by:
- Date:
- Thu, 12 Feb 2009 18:15:51 GMT
please send me login information also zango screen shot
thanks
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- Posted by:
- Date:
- Sat, 14 Feb 2009 05:08:35 GMT
I can't get onto the site currently is it up?
And sending you a PM.
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- Posted by:
- Date:
- Wed, 18 Feb 2009 14:42:32 GMT
Some internal server errors ongoing at the moment guys - these should be fully resolved by tonight once we get our load balancing fully running. You do not need any login information - you can register for a free account on our homepage.
vb28: Zango screenshot is already attached.
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- Posted by:
- Date:
- Thu, 19 Feb 2009 20:28:58 GMT
zango is still running on system how much is it making its on vreel downloader.
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- Posted by:
- Date:
- Thu, 19 Feb 2009 21:14:52 GMT
leinster: Right now as an optional VLC Download only around 1/1000 users opt to download the software. This makes around $25~ per day at this rate. Typically, this would rise to around 1/9 - 1/10 on a forced download.
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- Posted by:
- Date:
- Sat, 21 Feb 2009 14:45:23 GMT
Its forced u cannot install software without zango.
There are serious bugs in this site i am yet to get it working on XP with IE and MOZILLA. What DIVX plugin for mozilla browser works?
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- Posted by:
- Date:
- Sat, 21 Feb 2009 17:14:38 GMT
leinster: click the button that says "no thanks, view my video". This skips the fullpage advert.
You would be better off asking these questions on our support forum - VReel is best viewed with Firefox3, and requires the latest version of the DivX webplayer & codec pack to work. You can obtain these through the download link on any video page. -
- Posted by:
- Date:
- Mon, 23 Feb 2009 17:46:27 GMT
Hi, any chance of a look in analytics? Please pm me if possibel for my email, thanks
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- Posted by:
- Date:
- Fri, 27 Feb 2009 19:31:16 GMT
What is the advantage?
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