Established Highly Profitable UK Cashback Site Very Well Known

Description

Due to moving into offline businesses I am looking to sell my online interests.

This is certainly one of my best sites and has earned me a nice income over the last few years.

It makes money every single day without fail!

Currently has over 3066 active members.

Over £35,000 ($56,000) has been spent in programming & design alone.

www.cashinco.co.uk

Its been online since late 2006 but we did not start trading until early 2007. The site is fully custom designed to the highest quality. We get regular emails saying how great the site looks.

In just over 2 years it has generated over £400,000 ($641,000) in sales and paid out over £123,000 ($197,000) in cashback to members. The site generates £7000-£8000 ($11,000-$13,000) a month on average now but has generated as much as £30,000 ($49,000) in one month.

 

The site made £100,000 profit ($165,000) in the financial year 2007-2008 which you can see in the accounts that can be downloaded from Companies House (see bottom of auction for info).

The site currently has around £27,000 ($43,000) that is stored in members accounts as cash owed. However alot of this will be in old unused accounts, suspended accounts or under the £10 cashout limit. The new owner will be responsible for taking on any cash owed in the system at the date of transfer.

The site is highly regarded in the cashback industry and if you do a search on Google for it you will find some great feedback. We have even been featured on national UK TV as a great way to earn a small monthly income.

The site receives good traffic from natural search engine listings and referral postings. The site has a PR of 3 with many permanent links. Alexa rankings are also very good.

All offers on the site are provided by various affiliate networks which pay you commissions for every offer completed. As you can see both members & non members can shop but only members will receive cashback. We do however get many browsers that shop and this will earn you 100% commission as there will be no cashback to pay.

The site is for UK members only and uses email verification as well as sms text verification to confirm this (very secure). The signup process is fully automated.

Once logged in members can view their offers history for the last 12 months and once they hit the min of 10,000 points (£10) they can then cashout using our virtual cash machine.

The site has a built in referral system which allows members to earn 20% commission on all offers their referrals complete. The 20% commission is added automatically to the referrer once their referrals points confirm after 60 days.

We use a unique csv system to upload members completed offers as pending and the system will automatically change these to completed after 60 days unless you reverse them. This stops chargebacks as most offers confirm with affiliate networks in 60 days. We also use callbacks (with selected networks) which allows offers to auto upload as pending within seconds.

The site has a fantastic admin area where you can view members, upload csv's, pay pending cashouts, send mass mails (to opted in members), view overall site stats, suspend members accounts, upload new partner offers, add discount vouchers, select winners for the monthly competition we run, etc.

Cash counter at the top of each page is automatically updated as new offers are completed or pending. Also, the cash counter changes to a personal counter once a member logs in showing that members total cashouts.

The other running costs are a managed server with 1and1 at £300 ($490) a month. The new owner can transfer this contract or move the site to their own server.

We do no advertising as the referral system does all the advertising we need.

Last 2 years accounts (drawn up by accountant) are available to view for a serious buyer who can prove they have the funds available.

Full legal contracts will be drawn up for the winning buyer through a solicitor as this is a genuine business.

New owner will need to setup their own affiliate accounts for offers as these accounts can not be transfered due to money still being owed to us. However, some accounts can be transfered that we do not use with our other sites.

Only other running costs is the sms message credit which can be purchased in bulk at a cost under 1p per message.

Full training and support will be available to the new buyer for 1 month after purchase.

UK Vat will be added to the final price for UK buyers.

 

Accounts can be downloaded from Companies House by going to www.companieshouse.gov.uk and using the webcheck service. Type in our company name (Global Net Ltd) and purchase the accounts at £1.00.

cashinco.com domain name is also included in the sale.

The Ltd company Global Net Ltd is not included in the sale.

Revenue Details

From affiliate networks as mentioned above.

Traffic Details

Search engine listings and through sites inbuilt referral system.

Does this auction violate the Flippa Terms and Conditions? If so, please report it.

Comments 7 public, 1 deleted

1. 

   Posted by:

   bet2012 (+3)

   Date:

   Tue, 21 Jul 2009 10:14:27 GMT

   You added products manually ?

2. 

   Posted by:

   pokerdave (+5)

   Date:

   Tue, 21 Jul 2009 15:45:22 GMT

   Stores are added manually from the admin area if that's what you mean?

3. 

   Posted by:

   richtwentysomething (+3)

   Date:

   Thu, 23 Jul 2009 14:15:57 GMT

   By giving points rather then direct monetary reward are you able to use a broader range of affiliate programs that would otherwise disallow cash incentive sites? or does this too count as a 'cash incentive' site.

4. 

   Posted by:

   pokerdave (+5)

   Date:

   Thu, 23 Jul 2009 16:11:16 GMT

   Yes, by giving points you will find more affiliate networks will work with you.

5. 

   Posted by:

   boneman984 (+6)

   Date:

   Tue, 28 Jul 2009 06:08:36 GMT

   This same listing was noted as sold on June 2 on Flippa. Why is it listed again?

6. 

   Posted by:

   pokerdave (+5)

   Date:

   Tue, 28 Jul 2009 09:36:21 GMT

   It was not noted as sold as it did not reach reserve.

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