Free-Counter.com Sells for $61,000 on Flippa

Free-Counter.com, a domain name that was developed into a thriving web business was sold this last Tuesday for $61,000 on Flippa. This is a great example of a domain name that most people wouldn’t look at twice that sells for big bucks once a real business is developed on the name. The stats for this site are hot – 150,000 unique visitors/month and $8,000 monthly profit – if you ask me, $61,000 actually seems like a great deal.

free_counter_flippaWhile there are plenty of scams going on within the Flippa marketplace there are also plenty of legitimate online businesses selling every day and many of them started with a good domain. This is a domain name that we’d all love to see without the dash but the sale price shows that at the end of the day a profitable web business will command a nice sale price.

free_counter_siteHope you’re all enjoying your weekend, now look at your portfolio and find the next name you’re going to turn-into a business. You don’t need a five-figure domain to make a five-figure sale and Free-Counter.com is just one example of the thousands of web businesses that sell every year.

{ 12 comments… add one }

  • Rich January 22, 2011, 8:59 pm

    Let me the first to suggest with some skepticism about the metrics.

    An $8000/month profits translates to a $96000/year profit on a $61000 asset. That is an annualized rate of return of 156% – which is beyond astounding if it were true. Certainly, I would never sell an asset that is yielding a 156% rate of return since there is no other asset that I could find that would be able to replace it with a comparable rate of return.

    And if I need $61,000 by some chance, I would simply wait a 8 months to get it from the profit of the asset. And if I needed it immediately, then I would simply borrow it. It would even make sense to borrow at huge interest rates since I can pay off any interest with the amount of profits that the site throws off. So, the transaction, for me, doesn’t pass the smell test.

    Reply
  • Logan January 22, 2011, 11:19 pm

    I concur with Rich. Doesn’t add up.

    Reply
    • Morgan January 22, 2011, 11:48 pm

      Great feedback @Rich and @Logan

      How do you think we can determine if the sale is valid? I see plenty of scam sales on Flippa with no traffic or revenue but on established sites with existing traffic and revenue it’s hard to tell.

      Just like domain sales there is no way to prove the actual sale price – but there has to be some way for us to know for sure! In both cases if the buyer and seller are in collusion we have no way of knowing and that’s the only way I could see this happening fraudulently on Flippa. Any other ideas?

      Thanks again for the feedback – definitely would love to know if this was a real sale or not!

      (pardon any typos – commenting on an iPhone)

      Reply
  • Makis.TV January 23, 2011, 2:46 am

    Fact No1: Flippa, unfortunately is home of many scammers
    Fact No2: Even if you make $1 per month from a developed website there is no way you will sell it for 8 almost 8 months revenue.
    If you add in all this other facts such as website has a script supporting it that took many human hours to develop and tune, plus all the seo work that was done, plus all the support it was needed in order to maintain such high numbers of recurring visitors then I can easily come to the conclusion that sale was either fake or that net revenue was less that advertised.
    I m going to pay flippa listing a visit and see what stats were provided by seller. I ‘m really interested to read net annual profit for this website.

    Reply
  • Makis.TV January 23, 2011, 3:02 am

    After 3-4 minutes I ‘ve spent examining flippa listing I ‘ve found the following important details:
    – revenue is not confirmed by any documents such as adsense or paypal screenshots.
    In fact this is Flippa’s warning:
    *Warning: The seller has provided estimates*
    – Google analytics PDF only show stats for Dec 10 till Jan 11, that detail alone makes the listing feel like a scam.
    – Again Google Analytics PDF shows a total of UV’s of 1,857 and PV’s of 3,697 for that month which is FAR behind than the “150,000+ unique hits per month/400,000 Page Views Per Month” seller claims to receive.

    Do you still feel this was a bargain?
    I doubt it was sold to a real buyer.

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  • Anthony David January 23, 2011, 4:29 am

    I say there is no way this site earns anywhere close to $8000 a month. In all likelihood it earns less than $1000. It’s a tech-oriented site with an Alexa ranking of 358,000. This is not a high traffic website. If thats the stats they are claiming to have it must be fraud. The service they are offering is free and theres a bit of adsense on the site which for that ranking on a techsite (its users have the toolbar installed), I’m guessing it earns a few hundred dollars a month from Adsense.

    Reply
  • Anthony David January 23, 2011, 4:38 am

    After looking through their advertise link it seems they have another way of monetizing by selling an ad in someones counter, never heard of this before. I think they got the high PR from all those counters having a link back to free-counter.com, good for them. The site is worth something for sure, but no where near 61,000$, and I still think their stats are bogus. By the way if your sites been up long enough and has a member register its not hard to get over 100,000. But 95% will be inactive or bot accounts.

    Reply
  • TeenDomainer January 23, 2011, 4:44 am

    I see sales like this and I think that maybe I should devote all of my time to one site or keep a few going to see which one grows biggest.

    Reply
  • Rich January 23, 2011, 6:34 am

    Hi Morgan,

    I don’t think there is a way to really know. Scams, that seek to artificially push up prices, exist in every industry whether it be the housing market, stock market, coin market, etc. Even heavily regulated industries cannot avoid it. I don’t think this is the fault of Flippa. If there is a way that a scheme can be gamed, people will figure out how to game it.

    The only thing that bloggers such as yourself can do is to report the sale and allow others to comment and determine for themselves whether it passes the smell test. I am very skeptical.

    Reply
  • Tony January 23, 2011, 6:39 am

    I agree with the skeptics. No way someone sells an $8k/mo passive income generator for $61k. Either the $8k/mo is wrong or the sale price is if there is even a sale.

    To put things into perspective. college tuition for 4 yrs is about $100k and there is no guarantee you can get a job that would pay you what this site is supposedly making. And that job requires you to work…

    Reply
  • Joey Starkey January 23, 2011, 6:47 am

    $8000 a month income. I think I kepping it and not worrying if I sell a name or not.

    I have been developing my slow sellers into min-sites but the more posts I see like this it is time to take a select domain or two and actually develop them either into a nice monehy income or at least develop the aname so it is sellable on flippa.

    Reply
  • Matt Leonard January 23, 2011, 7:21 am

    Regardless of weather or not the numbers are legit, the point is (I think) that high quality aged names are a great asset, but not a necessity for building a site and selling it at a profit.

    Reply

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