is this right price for pump and dump website like this?

SevenYearItch

SevenYearItch

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Jul 3, 2012
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I want to find out what range I should be paying for something like this

It is similar to an early awesomestocks.com, but in the crypto currency space so shit wads of opportunity there

They currently do $4,000 a month on membership fees

and $4000 on twitter promotion deals

452,503 hits monthly

78,207 page views

2,077 uniques

also have 1,000 twitter followers in crypto market niche

this gives them power to just tweet out the name of an altcoin and make price pump, which is a bundle of revenue on the back end

they hire two writers at $500 per month each

They have offered me $100,000 to do the deal to grab the whole website, list and twitter page

But I am thinking I could get away with $50k based on the figures and what i can do with it advertising wise that they aren't currently doing?

Calling all experts, do you think I could get it for $50,000 or am i out of luck here?
 


Forget "potential revenue" when buying websites/business. What has it made over the last 12-24 months? Is that net or gross? Pay up to 12 months net. That's all it's worth unless they have some proprietary technology, or IP. Because at the end of the day it's just a website without anything of real value. They have no assets.

$100k? $50k? I wouldn't pay either. For $100k I could create the same thing and dominate them within 6 months.... I know this and I haven't even seen the site.
 
they do around $8k of stable revenue every month i have verified looking at their wallet addresses on blockchain.info

so thats where the allure is for me

and their traffic is driven from twitter, so around 30% of their 1000 followers are more or less paying customers

$8k * 12 per month rounds out at $96k, so $100,000 would be a steal i think because this is basically one year worth of revenue, i'd have that back in the next 12 months

but i know i can get it for $50,000 because if that website was mine, i will have lit it up with so much ads that it wouldn't even be humane, so i can tell that these guys don't know what they have in their hands

im betting they are just some trader guys, not real webmasters that know the full value of websites like this, so perhaps i could jerk them a little on the deal?
 
The pump and dump drew me in because I thought you were dropin' porn links. We had a member here who was all up an in dat stock shit you allude to - but I don't think he posts here anymore. However on the bright side his shenanigans have increased our readership to include federal prosecuters and probably some of their lackeys, so maybe one of them will PM you some infoz.
 
Have you considered some potential security issues since it is crypto? It is not the same as normal business

Does the site require users to enter their exchange apis for some purpose? You could pay them 100k in bitcoin and be in the midst of a massive scam a week later. You never know.

I wouldn't be excited about it unless I was a highly experienced developer or hired one
 
Assuming the numbers are real, and the $1000 a month is their only real cost (servers?) $50k is a closer number, probably a touch too high. They're dreaming @ $100k. The Twitter followers are worth jack shit, and the crypto space is currently declining (may recover, but you can only judge by the present, anything else is gambling).

Altcoin price pumps are dead, even with multiples of those followers they have no power to do that.

Security issues are a big concern, if it's anything transaction based (wallets etc) I'd steer well clear. Also, due to people having to manually pay their fees, drop out rates will likely be very high.

Potentialeight raised a big concern also, it's very possible they're inflating their numbers, and there's no good way to check that (assuming they're withdrawing their Bitcoins?).

I'd proceed with extreme caution.
 
For online businesses, you pay 1.5 to 2.5 x what the website brings in annually. However, the income has to be stable, and verified.

So if they're doing $7k of profit a month x 12 months, they're bringing in $84k. That means that $126k to $210k is a good price.

With that said, I wouldn't touch anything in the crypto space. All those numbers are easy to manipulate, and extremely difficult to verify. $50k is closer to a good price, but only in you're confident that their numbers are real. But even then: what dumbass would sell you a cash cow for half a year's earnings? The numbers don't add up.
 
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