Thread: My app/website is officially for sale on Flippa!

Hey fellas, I was hoping to get a little bit of feedback on my auction listing that I placed on Flippa. I spent about 2 weeks editing and re-revising it until I officially launched it. I was wondering if some of you guys could take a look at it and let me know your thoughts. Thanks.

-Phil

https://flippa.com/2652002-1-cheater...ed-in-the-news

I just took a look. You listed "Total NET profits generated, less start-up costs" So that's gross revenue then, not NET revenue.

From having sold an app myself, a more serious one though, I find $165k extremely unrealistic as a buy it now price. It looks like you're making between $7-$10k a month, which is not bad at all, but the profit's are declining which is going to get you lower offers. Is there a reason as to why the profits are declining? Usual purchases are made at 10x monthly revenue, so by the time it sells you'll likely have about $5k/mo x 10 = $50k. But since the direct download was discontinued, your profits went from several grand a month to only a few hundred dollars. That isn't going to be good for buyers. So if you're only making $1k/mo x 10 = $10k.

Also, Flippa is full of a ton of people are scammy/low ballers. But I think $35k as a starting bid and $165k to buy it now are very unrealistic.

If I were you, I would just keep the app. Revenue would be a good side income if you can get back the direct download revenue.

I appreciate the detailed feedback. I don't think the starting bid is too high at all, especially because someone could make their money back in a month at $35k if they really pushed it, but I definitely will take your suggestions into advisement. This is my first experience with Flippa, and I really do appreciate the insight. Thanks.

Originally Posted by Vix'd

I appreciate the detailed feedback. I don't think the starting bid is too high at all, especially because someone could make their money back in a month at $35k if they really pushed it, but I definitely will take your suggestions into advisement. This is my first experience with Flippa, and I really do appreciate the insight. Thanks.

Could you maybe explain better what the direct download thing is? That's when someone doesn't buy it from an app store but directly from your website correct?

Now, I can see how someone can make back $35k in a couple months if you still had the direct download, but as it currently stands right now, you're only making close to $1k/month. It would take at least 3 years to make back $35k at it's current monthly rate and that's being optimistic. I think you should build up the direct downloads again to several grand to sell it at $35k.

Looking at it from a buyers perspective, it COULD make several grand a month money again, but now that the direct download change thing was discontinued, that changes everything. But now there's a new type of direct download system? How will I know it can make what the original direct download system could? Also, how is the new direct download system different than before? Is it less convenient for the buyer now?

Hope you can fill me in because these could be questions potential buyers ask. And I'm curious. You were on a roll until direct downloads were killed. By the way I'm not trying to knock you, I hope you get as much as possible out of this sale.

Originally Posted by IamStephen

Could you maybe explain better what the direct download thing is? That's when someone doesn't buy it from an app store but directly from your website correct?

Now, I can see how someone can make back $35k in a couple months if you still had the direct download, but as it currently stands right now, you're only making close to $1k/month. It would take at least 3 years to make back $35k at it's current monthly rate and that's being optimistic. I think you should build up the direct downloads again to several grand to sell it at $35k.

Looking at it from a buyers perspective, it COULD make several grand a month money again, but now that the direct download change thing was discontinued, that changes everything. But now there's a new type of direct download system? How will I know it can make what the original direct download system could? Also, how is the new direct download system different than before? Is it less convenient for the buyer now?

Hope you can fill me in because these could be questions potential buyers ask. And I'm curious. You were on a roll until direct downloads were killed.

Hey bro, you are absolutely correct on the direct-download. It's an alternative to the Android Market purchase, and it allows me to keep a greater percentage of the sale, since I'm only paying the paypal fees, instead of 30% to the market.

I completely understand the buyer's perspective on the pricing issue, but you have to admit that this is a killer idea, and the 16k downloads in 3 months with ZERO advertising is a pretty impressive incentive and really illustrates the potential something like this has.

The discontinuation of the direct-download program was a result of finding my app on a couple different pirate websites. After having he sites remove my app, and discussing the issue with my programmers, I realized that anyone could pay the $2.99 and download the apk file to their computer, rather than their phone and upload it to any site they want. So, it took a couple months, but we remedied the issue by developing a custom licensing feature that is exclusive to my app, which is currently in place.

Surprisingly, the process for direct downloading is actually more efficient than it was before, and less problematic. Let me know if you need elaboration on any points, and I'd be more than happy to explain anything.

Pretty cool system. Completely different from the iOS system I know. So is the direct downloading thing back up and running like before?

Originally Posted by IamStephen

Pretty cool system. Completely different from the iOS system I know. So is the direct downloading thing back up and running like before?

100% functional! I actually got 38 downloads within the first 12 hours of uploading the page, and I didn't even tell anyone about it, lol.

There are ups and downs to both markets (apple vs android), but I the one thing that shocked me is the thousands of denied transactions that I've had on the Android market. These are people that attempted to purchase CATE and the market declined their credit card. I've owned retail online outlets before, and I would maybe get 1% declined, so the Android decline-rate is unreal!

The good thing is, I now have a list of several thousand people that tried to purchase CATE but were unsuccessful via the Market. I am compiling an email with the Direct-Buy function/link to try and solicit some of their purchases directly from the website.

Originally Posted by Vix'd

100% functional! I actually got 38 downloads within the first 12 hours of uploading the page, and I didn't even tell anyone about it, lol.

There are ups and downs to both markets (apple vs android), but I the one thing that shocked me is the thousands of denied transactions that I've had on the Android market. These are people that attempted to purchase CATE and the market declined their credit card. I've owned retail online outlets before, and I would maybe get 1% declined, so the Android decline-rate is unreal!

The good thing is, I now have a list of several thousand people that tried to purchase CATE but were unsuccessful via the Market. I am compiling an email with the Direct-Buy function/link to try and solicit some of their purchases directly from the website.

Pretty cool indeed. I get absolutely no customer information from my app purchase through iOS unfortunately.