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.
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