Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by BigSte
Something doesn't add up here......if you are making 15k per year then surely 5k is absolute peanuts and a complete rip off.
If £40 a day is accurate you will have 5k in 4 months.....seems like easy money to me to be honest for a few hours a day maintaining your site
I think everyone's taking Greg's word that it's making £40 a day  I think that's bullshit. Maybe it makes £40 on one day, but then on another day only makes 10p etc.
As already said, if it was making 15k a year, then A ) you wouldn't be considering selling it for a low £5000, B ) you wouldn't always be saying it's not really working out and thinking of packing it in and C) it 's just not making 15k a year.
Down the bottom it says hits today 60, average days hits 121.  I'd imagine it's at 60 today as everyone would of viewed your site today.
121 hits - = £40?  unless your making £40 by actually selling the items yourself out of your garage then that's total crap.
More likely you'll be lucky to make £5k a year with it the guy offering you 5k knows this and thus his offer is generous. Sell it, take his offer and take a % of any profits. IF (Big IF) he some how makes it into the next ebay, then your % will leave you sitting pretty on a nice couple of mil anyway 
If he doesn't then oh well you have 5k.
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GREG 1
Member
Registered: 28th Jul 00
Location: Essex
User status: Offline
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Cheers for the comments guys.
He is currently buying another auction site that has over 8k members for $33,000
He also owns his own auction site that has 800 members and doesn't do too bad but it's very USA based.
Basically what he wants to do / what I suggested is the following.
* He buys my site
* He buys the other 2 sites
* He uses the url for the other site that is in the top pages on ALL search engines
* He uses my skin as it lokos best by a long way
* He adds all the members together then there is over 12,000 members and you should be looking healthy
I then suggested I would run it from the UK and he could from the USA, that meaning there would be 24hr support with the time difference.
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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I agree with Paul
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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Greg please tell me how your site is making 15k a year?
How does your site make money? from fee's? well its free to list and only costs like 1 or 2 pence if you want say a image or underlined text etc.
1 or 2 p ... £40 a day = 2000-4000 new adverts / auctions a day.  Your total site doesn't seem to have any more than 800 total.
Ok so you have a couple of things like if you have a store on your site and you do have a banner at the top that looks like it would be paying say 0.001 p a day.
how does your site make 15k a year?
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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unless hes getting paid for advertisements on the site
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bradfincham
Member
Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
User status: Offline
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You have to own a site to be able to sell it
Take the peg off your noses boys
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Registration :
FREE + £10.00 bonus credit! Paypal Verified :
£1.00
(if your address is not verified with paypal you will lose your £1 & paypal verification status on bidorsell)
Stores :
£1 a Month Blogs :
FREE
SMS Messages : x2 FREE - £0.07 Per Text After!
Standard Listing, Gallery Photos, Second Category, Reserve and Buy It Now Always FREE!
Auction Video Fee GBP 0.10
Highlighted Items Fee GBP 0.02
Bold Items Fee GBP 0.02
Home Page Featured Items Fee GBP 1.00
PayPal ID Verification Fee GBP 1.00 (Optional)
Attention Grabbing Icon Fee GBP 0.02
EVERYTHING ELSE IS FREE !
I think I counted about 24 stores.
so that's £24 a month.
like 3 adverts (assuming they paid this amount) at £100 a YEAR. so £300 / 12 = £25
now most auctions are free, assuming you get say 100 auctions a day (no idea) half put a bit of bold text or a underline 2p
£2 a day * 30 = £60.
So I work out the site makes Approx £60 + £50 a month. = £1320 a year. Considering people were saying offers for buying sites should be around 5x yearly income. Then seems about bang on with 5k offer Note this is only income estimate, and doesn't take into account of cost of the site, cost of hosting or cost of advertising your site!
£110 / 30 = £3.67
Real money made each day ~ £4 if lucky
Bullshit money made each day ~ £40 - Yeh right.
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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quote:
Originally posted by bradfincham
You have to own a site to be able to sell it
Take the peg off your noses boys
please explain what you mean
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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quote:
Originally posted by Steve
unless hes getting paid for advertisements on the site
check the adverts there's 3 low budget looking aderts
Assuming these paid £100 a year (which I'm sure they didn't and negociated a price or something) then thats taken into account above.
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bradfincham
Member
Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
User status: Offline
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quote:
Originally posted by Steve
quote:
Originally posted by bradfincham
You have to own a site to be able to sell it
Take the peg off your noses boys
please explain what you mean
it looks like a cow, a male version and goes to the toilet a lot
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bradfincham
Member
Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
User status: Offline
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quote:
Originally posted by Paul_J
quote:
Originally posted by Steve
unless hes getting paid for advertisements on the site
check the adverts there's 3 low budget looking aderts
Assuming these paid £100 a year (which I'm sure they didn't and negociated a price or something) then thats taken into account above.
CURRY IN A HURRY
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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The key problem with greg's site that I can see is
quote:
The Full Package! -...
BID: GBP 259.00
TIME: No Bids
BID NOW
Triopolis - Under...
BID: GBP 19.99
TIME: No Bids
BID NOW
Paloma Picasso®...
BID: GBP 4.99
TIME: No Bids
BID NOW
Personalised I...
BID: GBP 6.99
TIME: No Bids
BID NOW
Rock Tumbler
BID: GBP 28.99
TIME: No Bids
BID NOW
ROLEX GENTS...
BID: GBP 19.99
TIME: No Bids
BID NOW
NO BIDS
This is probably the most visits the sites got a day for ages
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bradfincham
Member
Registered: 20th Sep 02
Location: East Of England Drives: Clio 172
User status: Offline
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The corsasport CIA Fraud Squad AKA Paul J has cracked the back bone of this investigation 
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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I just want to see greg come on here and explain how he makes £15k a year with his site.
with numbers of visitors and how much each person pays etc.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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So some American that "claims" to be a Nascar team owner wants to buy your tiny insignificant auction site for £5k, yet you say you make 15k a year.
Why on earth are you even contemplating loosing 10k
I also don't see how you're making this 15k a year by the way.
What is it you actually own? The domain name? I assume the site is hosted by an ISP.
[Edited on 03-06-2006 by Marc]
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Reedy
Member
Registered: 11th Apr 04
Location: Hammersmith
User status: Offline
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quote:
Originally posted by bradfincham
The corsasport CIA Fraud Squad AKA Paul J has cracked the back bone of this investigation
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Reedy
Member
Registered: 11th Apr 04
Location: Hammersmith
User status: Offline
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i think its more likelyl that he isnt making as much money as stated and he probably has been offered 5k for the business so thats why he wants to sell. As 5k maybe a good price for the current site.
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John
Member
Registered: 30th Jun 03
User status: Offline
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 he's just getting free advertising.
He's not been very active for a while so theres lots of new cs members to harvest.
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Antz
Member
Registered: 28th Jul 03
Location: Leeds Drives: Myself Insane!
User status: Offline
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Why is the domain registered to the following address?
www.bidorsell.com
Address 1: 8939 S. Sepulveda Blvd
Address 2: 8939 S. Sepulveda Blvd
City: Westchester
StateProvince: CA
PostalCode: 90045
Country: US
Phone: +1.6613102107
Fax: +1.6613102107
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John
Member
Registered: 30th Jun 03
User status: Offline
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Its registered to a company that doesn't use your details for the register.
A quick google would have shown you that.
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Antz
Member
Registered: 28th Jul 03
Location: Leeds Drives: Myself Insane!
User status: Offline
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well, you see, they were all the details I got from the whois search I used, so no company name, and couldn't be arsed googling.... and with all your amature Mr. Holmes' on here I simply thought I'd post the question on here...
And the question was why is it regetered..... not... oh look he doesn't own it cs they do... thank you please 
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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quote:
Originally posted by Sxi04
quote:
Originally posted by Cosmo
going rate for companies is roughly 3x profit a year.
theres a going rate for companies
No
You pay depending on why and how desperately you want to acquire it
Theres no one size fits all solution!!!
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drax
Member
Registered: 5th Feb 05
Location: Sittingbourne, Kent
User status: Offline
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Tbh advertise and dont sell it, for gods sake, id never heard of it before i read this post.... soo just advertise mate.
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