Psychic Text Readings

iOS and Android App for sale

Current price Reserve not met

$500 USD

10 days left
$
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Business in an App | Ave. of $711 p/mo. in Revenue

Business in an App | Ave. of $1,160 p/mo. in Revenue | All Existing Accounts and Subscriptions included

At a glance ?

Touch a value for a description

Number of installs
5K - 10K
App Age
1 year
Rating
18 reviews
App Store Price
Free

Financials ?

Gross Revenue
$1,160
Net Profit
$660

Financials ?

Monetization Methods

  • This app earns revenue with Advertising and In-App Sales. It is recommended to request a video walk through from the seller to verify all revenue claims.

Last 12 Months Claimed Revenue and Profit

Revenue Costs Profit
Jul 16 $100 $500 -$400
Aug 16 $200 $500 -$300
Sep 16 $250 $500 -$250
Oct 16 $400 $500 -$100
Nov 16 $500 $500 $0
Dec 16 $500 $500 $0
Jan 17 $800 $500 $300
Feb 17 $1,000 $500 $500
Mar 17 $1,300 $500 $800
Apr 17 $1,500 $500 $1,000
May 17 $1,000 $500 $500
Jun 17 $980 $500 $480

Seller's Notes

ABOUT THE SELLER

I am a stay at home mom and spiritual advisor myself and was tired of paying high fees to other apps to give psychic readings so I decided to make my own with a totally different concept.

 

APP DESCRIPTION

This app is a platform where honest psychic readers and their clients can connect. The app was designed to fully adapt to the needs of our target market and have simplicity of use in mind. Our clients are free to choose the psychic adviser that they feel connection with, and transact in their own terms. The platform erases boundaries and connects all clients and psychic readers into one site.

We are always available to give our clients honest readings that are not only accurate but also affordable. We pride ourselves in our honesty and integrity for our clients.

 

REASON FOR SALE

I would have love to keep this app as it provides a very good monthly income, however I already have two other apps and websites that I run. I no longer have any time to spare for this one as far as advertising the app/website  

DEVELOPMENT

The database is created through caspio database. The app was developed with appy pie. Website through strikingly.

 

OPERATION

The new owner would have to approve an advisor once payment is received. As well as suspend if payment is not made on time. This also includes featuring paid readers in the database as well as including them in banner.  

 

MONETIZATION

Psychic advisors sign up to the app for a monthly fee of $25. They are then listed on the website and the app, where they will be made available to the clients who can freely look at their profiles and text any advisor that they feel a connection with. The clients order readings through the app and the advisor takes payment through their own PayPal accounts. The advisor will then deliver the reading via text or telephone whatever they agree on.

We charge no commission. However we offer paid advertising for the advisors. Another way of monetizing the app is to offer options to the advisors to feature their listing (profile) on a banner or we can move their profile at the top of the app page, to increase their exposure to our clients.

To summarize our monetization streams, see below:

  • Advisor revenue $25/month to be listed on app

  • Advisor feature $25/month

  • Advisor top of page $10/month

  • Advertising $25/month banner.
     

MARKETING

We have used online ads, Facebook paid advertising, Facebook groups, instagram ads and posts. We have also used website banner shares with spiritual dating websites.

 

INCLUDED IN THE SALE

Psychic Text Readings App

Website:  www.psychictextreaders.com

Facebook Page

Caspio Database, including all accounts  (All existing Clients and over 200 Psychic Advisors)

Appy Pie App Editor

Post Sale Support

Would offer full training on how to run the app

 

FUTURE OPPORTUNITIES

The way to increase future opportunities is through improving google rankings. To increase traffic to the app, the new buyer can also increase banner partnerships with websites.

 

SELLER'S NOTE

Revenues are made from advertising as well as collecting a monthly fee from the advisers to be on the app.  There is also a feature option which brings in revenue monthly from the advisers. We also have a website that goes with the app. 

Comments

The seller deleted a comment from User e9682534 ( new )
Noavatar
Val2017 ( | $70 )
Sat, 08 Jul 2017 06:33:45 AEST

Hello. I am not sure I understand where does the $500/month listed under costs go. Thanks.

Px48x48 avatar 52dcc783 38bb 4f22 bce7 6f9eb60f65b6
eCapitalists ( | $61K )
Sat, 08 Jul 2017 07:11:20 AEST

Please explain the $500 per month cost, as well as what may have caused the drop in revenue?

Noavatar
User e9682534 ( new )
Sat, 08 Jul 2017 07:39:01 AEST

@Val2017 this cost goes to the database, app builder, website fees.

Noavatar
User e9682534 ( new )
Sat, 08 Jul 2017 07:40:06 AEST

@eCapitalists the drop in revenue is because of me not having the time to advertise properly this month.

Noavatar
User 322cc68f ( | $254 )
Sat, 08 Jul 2017 08:06:11 AEST

Great concept!

1) Can you provide a breakdown of monthly expenses? I see the $500, but would like an itemized list.

2) Also, are these expenses mandatory in order to run the site/app?

3) The app has not been updated since June of 2016; would you be willing to update one last time prior to transferring to the new owner? Or is this an "as is" sale?

4) Is there anyway to charge a small commission for each reading? I realize your entire concept was to avoid becoming like the "other psychic companies", but even a small commission would help offset expenses.

5) Will you provide your marketing strategies and facebook ads, etc?

6) Are you willing to sign a non-compete for the next few years?

7) Do many spiritual advisors cancel often?

Thank you!

Noavatar
User e9682534 ( new )
Sat, 08 Jul 2017 08:26:30 AEST

@User 322cc68f sent a private message

The Seller
Sellerdefaultavatar User e9682534 Melissa Walker

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Payment Methods ?
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  • PayPal
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