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SELLER GUIDE
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Another Website Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Default
Seller Location
Nigeria
Buyer Location
Canada
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WEBSITE
Currency:
Website
PR 4 Social Network with 750K Registered Members, 124K Uniques/mo making $693/mo
Site Age
16 years
Monthly Profit
USD $833 /mo
Profit Margin
79%
Page Views
391,224 p/mo
Profit Multiple
1.0x
Revenue Multiple
0.8x
Website
Highest Bid (Reserve Met)
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About the Business

LAGbook, an online social discovery network, was created in April 2010 by two university students and initially served as an exclusive network for their academic institution. The platform gained significant traction on campus, attracting over 3,000 members within eight weeks. Over time, LAGbook expanded its reach and now boasts a membership of over 750,000 users globally. It generates around $600 monthly from advertising, with operational costs of approximately $230 per month. In June 2012, LAGbook secured an advertising deal worth $7,500 with a prominent tech company in Nigeria, illustrating its market appeal. Designed to facilitate social connections and interactions, LAGbook is recognized as a leading social discovery tool in Africa, based on its user base, daily sign-ups, and popularity. The platform includes assets such as domain names, a database of over 750,000 members, a branded presence, and active social media channels. The founders are selling LAGbook to focus on a new venture in game development. Initially, they intended to integrate their gaming content with LAGbook, but realigned their focus due to the demands of creating complex games, which conflicted with LAGbook's needs. LAGbook is self-sustaining with minimal operational input required and continues to attract thousands of new members daily. Built on the GROU.PS platform, LAGbook leverages custom coding to enhance its functionality and has inspired similar developments on the GROU.PS platform. Interested parties are invited to seek further information and statistics.
Website
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Payment Methods
Credit Card
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25 Comments
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Views
33 Watchers

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