LOW RESERVE! No Hype or BS. 2010/2011 revenues over $450,000 turnkey, repeat rev
mp3ify.com
Highest Bid (Reserve Met)
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A unique online platform launched in late 2009, generating gross sales of $250,000 in 2010 and $220,000 in 2011. Despite no promotions in the past 12 months, the platform consistently achieves monthly sales of $8,000 to $10,000, driven by repeat subscribers who contribute "annual" donations. The site facilitates the search, preview, rating for audio quality, downloading, and on-the-fly transcoding of YouTube videos into MP3 files. It offers a distinctive audio quality voting feature, enabling users to download only high-quality files rapidly. Free users can transcode up to two files before being prompted to donate for a year-long priority membership. The platform has thousands of satisfied subscribers, many of whom renew their subscriptions monthly.
Additionally, the site employs a filtering mechanism to address copyright violations, maintaining DCMA compliance, with under two dozen complaints addressed successfully in two years. Payment for donations is processed via credit card and mobile payments, and the recent offering of the site for free during an auction boosted traffic.
Operational costs remain low, under 5% of revenues, with no revenue optimization or advertising efforts yet undertaken. This positions the site as prime for optimization and potential development of a mobile application. Although promotions haven't been pursued for the past year, they had previously generated $45,000 in monthly revenue. Due to other business commitments, the current owners are unable to devote time to site promotion or customer support, presenting an opportunity for new ownership to capitalize on the site's potential. The platform averages 300,000 unique monthly visitors and exceeds a million page views.