A business platform has been established that connects companies with designers, allowing businesses to initiate design contests where designers compete to win a prize. This setup benefits businesses by saving costs since they don't need to make financial commitments upfront and offers designers a chance to showcase their talents and earn money. The demand for design work is high, with numerous contests starting daily, making this a lucrative opportunity for growth in the web sector.
Ownership of the platform includes a premium domain name, full control over design, content, and code, all user accounts, and the platform’s social media handle. Additionally, there is a comprehensive admin panel for easy pricing adjustments and an affiliate program designed to enhance sales efforts. Despite its potential, current owners have focused primarily on building the site and have not capitalized on promotional opportunities.
Regarding revenue, efforts post-launch have been minimal, with only a small budget allocated towards advertisements through an ad platform with about 10 unique keywords. The site has now launched its 100th contest, indicating promising opportunities due to the number of repeat customers and interest in contest platforms. On the traffic side, the platform receives visitors through direct access, referrals, and search engine clicks, even though no specific traffic-building initiatives have been undertaken.
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