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Justin Cooke

๐Ÿ‘ค Speaker
190 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

There are.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

So there are a bunch of people in our audience, sellers and buyers that have portfolios of sites.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

They may have anywhere from four or five sites up to 50, 60 websites and, you know, e-commerce and AdSense and Amazon sites.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

And they're selling off some, buying others on a regular basis.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

Uh, there's a $97 a fee for repeat sellers.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

To be honest with you though, Nathan, we make very little money on that.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

That's more of a filter to keep the kind of like, you know, the people are looking, uh, just to get a valuation or they're not terribly serious about listing.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

They're just kind of trying to get some ideas.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

It's to keep them out.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

It's also to keep out the, you know, kids and their parents' basements with, you know, scammy sites from, from listening with us.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

Cause they don't

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

Was it super small?

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

I think, yeah, I think we sold about $270,000 of the sites in 2012, I think.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

But those are our own sites.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

2013, maybe, yeah, $370,000 or something like that.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

That was the total price of all the sites combined.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

We charge a 15% fee on every business we list and sell.

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

we do have an algorithm that's called evaluation tool and it gives potential cells a rough estimate of multiple so they can put all their information in and it'll give you kind of a range and then so that's kind of the objective feature subjectively we look at the business see how long it's been in business and look at all the details to come up with the final multiple

SaaS Interviews with CEOs, Startups, Founders
EP 339: The $10M Website Seller Empire Flippers

Yeah, probably.