The website established in 2005 served as the main portal for a content management system designed for social websites similar to Reddit. This system is easily accessible through many web hosts due to its "one click install" feature, making it widely distributed. The platform is built using a combination of content management system and Wordpress technologies, integrating WooCommerce and Paypal for handling transactions.
Revenue streams include a marketplace for buying or selling content management system add-ons, with a 33.33% commission charged on each sale. The CAPTCHA feature implemented as part of the registration and submission process is another significant revenue source, generating monthly income. Additionally, revenue is accrued from referrals and partnership programs with various web hosting services.
The operational demands of the website require an estimated 4-8 hours of monthly attention for maintenance and support. However, in the past, the owner hired freelance developers for enhancements, leading to increased traffic and sales. There are associated social media accounts that are part of the sale, thus offering potential for marketing initiatives.
The decision to sell arises from the owner's inability to dedicate time due to other commitments and a desire for the new proprietor to reinvigorate the platform and software product. The owner offers a month of limited post-sale support. Though sales and traffic have declined due to reduced involvement and infrequent updates, there is potential for revitalization through dedicated management and updates to the software.
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