Tell us a little about yourself. What’s your background? How did you start the business?
I procured the translation platform/marketplace in 2016. The main reason for doing so was the scalability of the platform and the opportunity to work from any place on this planet.
As an e-Commerce business, where are your products made?
Translation and localization services.
How have you marketed the product and where are your customers originating from?
We used Google Adwords and customers are located worldwide.
Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?
Currently, it only requires half an hour a day to run the business. Main translation processes like order handling, onboarding translators, invoicing) have been automated.
What does someone need to do to continue operating the business in its current form?
The main focus should be on marketing and promoting the translation platform.
Can you list a few opportunities for a potential new owner to continue growing the business?
This platform is a great opportunity for an investor who is interested in entering the translation industry or a translation agency that wants to advance its operations true the use of a fully automated platform onboarding translators, clients and handling translation orders more efficiently.
What has been the evolution of this asset since its launch?
This platform has revolutionized and simplified the translation (ordering) processes. Each activity is automated to save time and reduce project management efforts handling translation orders. The platform has over 40.000+ translators that offer translation services 24/7.
How does this business make money? What are the current revenue streams?
We make money from selling translation and localization services to clients worldwide.
What marketing channels are most profitable for the business?
How does the business currently acquire customers and what is your breakdown for marketing costs?
Currently, we have no marketing campaigns running. We used Google Ad word campaigns to acquire new customers.
How big is your current team? How many people does it take to run this business?
It takes only one person to run the business.
What’s the reason for selling your business on Flippa?
I acquired the platform as a side business and never spend the time it deserves to grow. The main reason for this is that we have other businesses that require our time.