I just saw Tyler relisted his Movie-Vault site since the previous buyer at $50,000 backed out, which as I recall were Jon and his partner? Wazzup!
Yikes, Jon backed out of movie-vault.com purchase?
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No.. we realized that there were more bots as traffic than real people. For $50k buying a site that only made $4k a year wasn't the issue, it all came down to the traffic. 200k uniques turned out to be more spiders/bots than humans, so right away we deemed it not worthy of the price tag.
It's hard to say, but a conservative figure of 'real human' uniques per day is around 500 (Taken from Tribal Fusion).
I can't believe how rumors are spread from thin air.. about the reasons why Jon and his partner backed out, etc. Everybody seems to be an expert...
For those interested, I posted the site up for sale again yesterday and I revised my description (Can be viewed at DP: Large Established Movie Review Site For Sale) which gives more information, including that on traffic, etc.
I don't blame Jon and his partner for backing out at the last minute - they didn't exactly back out, just offered a lower price - but it should be noted I was never 'hiding' anything about the traffic or anything. On the contrary I was always completely up front stating that Urchin stats were highly inflated with search bots. The confusion came in with just how inflated (guesstimate is real traffic is around 20% of Urchin stats).
I can't believe how rumors are spread from thin air.. about the reasons why Jon and his partner backed out, etc. Everybody seems to be an expert...
For those interested, I posted the site up for sale again yesterday and I revised my description (Can be viewed at DP: Large Established Movie Review Site For Sale) which gives more information, including that on traffic, etc.
I don't blame Jon and his partner for backing out at the last minute - they didn't exactly back out, just offered a lower price - but it should be noted I was never 'hiding' anything about the traffic or anything. On the contrary I was always completely up front stating that Urchin stats were highly inflated with search bots. The confusion came in with just how inflated (guesstimate is real traffic is around 20% of Urchin stats).
ummm...which rumors are you talking about? All i've seen is someone asking why jon backed out, and then him responding because traffic wasn't as high as originally thought...
wohhhh nelllyyyy.:anon.sml:
It should be noted that there is a shit ton of original content on the site worth a lot of money
It's definitely a 'project' - not worth buying if you just plan to leave it as is and make the $600 a month. It's a fixer-upper.
The domain is aged which is a nice plus and makes about $350 a month, but asside from that nothing too special. Worth no more than 10K.
With all these weird rumors aside, the reasons for backing out at the were mostly the traffic issue, which just like Tyler said wasn't hidden information, we just didn't look at it as close enough as we should have in the beginning. The second reason was the content reviews that weren't owned by the site, they are owned by the authors, so if they had decided to come back and say "you can't use these" then it's their decision and we would have no choice but to remove it.
Overall, I like the site a lot, and I don't think it's worth $50k, but, that's not to say that it can't make it once the new owner changes things around. It's definitely a fixer upper that can be flipped easily for $150k after six months or less of solid work. You would also have to invest another $10k on top of the initial purchase investment for content writers, advertising/marketing, seo work, new design/layout, and some custom scripts to give it a feel that no other place has. So I do wish Tyler the best of luck selling it, and I still think he should just go through the whole process, minus the $50k investment himself and flip it when it looks and feels like a site worthy of the asking price.
If you've heard any different about the site, and why we backed out, someone is lying to you, because what I just wrote now were the only two reasons for a no go sale at the last minute.
Overall if you have the time, resources, cash and most importantly the experience of taking a fixer upper and turning it into a hot item, by all means this is for you, and if you don't, get back to work and mind your own business.
Overall, I like the site a lot, and I don't think it's worth $50k, but, that's not to say that it can't make it once the new owner changes things around. It's definitely a fixer upper that can be flipped easily for $150k after six months or less of solid work. You would also have to invest another $10k on top of the initial purchase investment for content writers, advertising/marketing, seo work, new design/layout, and some custom scripts to give it a feel that no other place has. So I do wish Tyler the best of luck selling it, and I still think he should just go through the whole process, minus the $50k investment himself and flip it when it looks and feels like a site worthy of the asking price.
If you've heard any different about the site, and why we backed out, someone is lying to you, because what I just wrote now were the only two reasons for a no go sale at the last minute.
Overall if you have the time, resources, cash and most importantly the experience of taking a fixer upper and turning it into a hot item, by all means this is for you, and if you don't, get back to work and mind your own business.
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