An innovative service was introduced in mid-2014 for app developers to exchange genuine app reviews. This platform operates on a point-based system where users earn points by providing reviews and spend points to receive reviews. The service is primarily free, with an optional PRO subscription available for $19.99 per month, offering additional reviews and features. Currently, subscription revenue totals approximately $1,100 per month, with some infrequent sales of individual app slots. Payments are processed through a subscription service, with auto-renew options, and the platform leverages promotional discounts to boost subscriptions.
The platform, designed with PHP and front-end jQuery, uses a MySQL database. It boasts 2,801 registered users who have collectively contributed over 60,000 app reviews. The website is hosted on a paid account set to last until mid-2016. Transfer of ownership would involve transitioning accounts related to hosting, payment processing, and email marketing services, requiring updates to API keys. Maintenance involves moderating user-reported reviews and managing a few daily emails, amounting to 5-10 minutes of work per day.
The sale of the platform excludes its social media accounts due to planned rebranding. Expenses associated with the service include hosting fees starting at $6.95 per month from mid-2016, $10 monthly for a listing API, and minor costs for cloud storage. The decision to sell arises from the founder's focus on their primary app development business, aiming for a new owner who can enhance and continue the service’s growth and community.
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 trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More