RealFansNow.com – Registered on October 22nd – Just Sold for $5,000

How does that domain sound to you? Real Fans Now? The name was registered on October 22nd, of this year – yes that’s about two weeks ago, and the buyer has already flipped it for $5,000. Doesn’t sound like your typical flip – well it isn’t.

This domain actually sold on Flippa – you can take a look at the listing below:

flippa sale(Click to see full image and stats)

As you can see someone registered the domain and has claimed that in under two weeks they have generated a profit of $3,000. They are even up-front in saying that it would take at $25/day on Google AdWords in order to see this revenue.

This is a domain sale that you’ll probably never hear of. It won’t be reported in DNJournal or found in NameBio but sales like these are happening all the time. Now the question here is how could this all be possible?

In most cases newly registered sites that are claiming huge revenue are a SCAM. The way the scammer gets away with it is by saying that you have to spend $25/day on AdWords. Someone who invests in the site starts using AdWords and after spending $500, do they keep going or do they stop, get scared?

The thing is, the person selling this site is making a very wild claim. They are so good at optimizing AdWords that in under two weeks they made $3,000 in profit! That’s a big deal, if someone can do that they could become a millionaire very very quickly.

However my theory is that this is not what happened. Instead this is a scam that buys the seller time by forcing the buyer to spend hundreds or thousands of dollars on AdWords campaigns. If the buyer complains to the seller they can just claim that the buyer isn’t configuring their AdWords campaigns properly, or they might not respond at all. It is sad to see this happen but surprising that someone would think that in under two weeks someone could easily do this.

To keep buyers interested the seller continues to rattle-off sales in the comment section. This bad boy got five bids until someone hit the “Buy it Now” button. That’s right, in two weeks this person bought a domain, sold a story and walked-away with $5,000. This is a sale you won’t hear about, it isn’t reported anywhere and it’s happening every day.

I mean would you really buy a site with these stats? Would you buy this story?

(Click image to see full size)

If any of you are buying developed websites – anywhere – Flippa, eBay, other Domainers, etc. Make sure to verify the stats and look-out for obvious scams. I highly recommend that people use DNWStats – an awesome service run by Andrew from DNW that allows you to actually verify revenue stats.

As more and more Domainers move towards development avoiding scams like these will become increasingly important. Pay attention and use common sense, if it sounds too good to be true it usually is. I’d love to meet the guy who hit the “Buy it Now” button and thought, “Now that was a good investment!”

{ 24 comments… add one }

  • TeenDomainer November 5, 2010, 8:52 pm

    Like its always said if its too good to be true it is too good to be true.

    Scammers are everywhere on the internet you just have to watch out.

    Reply
  • todaro November 5, 2010, 8:55 pm

    soon to quote roberto di vincenzo… “what a stupid i am.”

    Reply
  • Uzoma November 5, 2010, 9:00 pm

    Morgan,

    I took a look at the site itself, RealFansNow.Com, and it appears to be a great deal for whom ever bought it. The site apparently is selling some twitter fellowship services, some of them up to $175.00 a pop. At that price, they simply have to sell 28 products to recover 100% of their investment. I terrific deal if you ask me. It clearly beats ad sense nickel and dime. Here is a copy and paste of what the site claims:
    Order from a trusted site.
    Facebook and Twitter Marketing is the latest big thing in the online marketplace for businesses.

    If your looking for the premiere online resource for buying Facebook fans and Twitter Followers, then look no further.

    What we do: We target thousands of REAL Facebook fans or Twitter Followers and send them to your fan page or Twitter page. The facebook fans or twitter followers that you receive will interact with your page and you will gain a valuable customer base.

    Realfansnow.com is owned and operated by LVDC INC.

    Copyright © RealFansNow.com 2010. All Rights Reserved.

    It further claims:
    Contact Us
    support@realfansnow.com

    “I tried two other Fan sites but these guys were the only ones to deliver, thanks again”
    Lisa – Long Island, New York

    So Morgan, I will be careful if I were you, Morgan, there are many ways to skin a cat. This fella has chosen to sell something different. Would I buy those services? No. But it is not our place to condemn things simply because it is not our taste. That is just my two cents.

    Reply
  • Doug November 5, 2010, 9:21 pm

    Morgan,

    I think everyone would agree with you on the risks that are stake when purchasing any website these days. Surely there’s a tremendous amount of scams out there. However, do you have specific proof that this was in fact an outright scam? if not, you’re skating a fine line with potentially slandering someone and potential business of this domain.

    Reply
  • RWR November 5, 2010, 10:27 pm

    Thanks so much for writing about this. With due respect to Uzoma, the person who commented above, this seller is, at best, a spammer. We trip over these guys on Twitter all the time, tweeting the same pitch and link to thousands of random, untargeted strangers from cookie cutter accounts. No one will pay $175 for this ‘service.’ They’ll be hard pressed to find anyone who’ll pay $17.50 for it.

    I’m amazed people fell for it. The seller is a scammer, and he apparently really knows how to push people’s buttons. I couldn’t have done it, but even if I could, I wouldn’t have.

    Thanks again for exposing this one.

    Reply
  • Uzoma November 5, 2010, 11:43 pm

    RWR,

    Perhaps, it’s annoying, but that is a different thing. Often, we run into beggars on the streets, or at the airports, depending on your outlook, the beggar may be annoying, but they are hardly all scammers, some may claim to be veterans amongst the real ones, sure.

    But, my only reason for speaking out on this is that these types of buyers are called “end users”. An end user does not buy his/her domain to make money from Google parking. The end user with budget to promote his or her site could care less how old a domain is, or what rank it falls in those artificial metrics used to punish new domainers. For example, I will take a sex.com registered yesterday over a toneofbricklayedtenyearsago.com. Are you following me? We have to start selling our domains outside of the domain investor: we have to start selling to end users. Of course, if one has concrete evidence that the buyer is going to use the domain for a scam or illegal activities, one is within their moral rights to abstain.

    Reply
  • sin November 6, 2010, 1:42 am

    Morgan,

    This will end up exchanging hands, it will end up the buyer or seller account banned.

    Thats how flippa is as well. I bidded on domain name lll.com on flippa while ago, and i won, i contacted the seller, he was banned 🙂 lol. So to my surprise get rich quick exist, but very rare, and require very hard work and long days and nights but definately not these kinds!

    Reply
  • sin November 6, 2010, 1:42 am

    Correct my last comment, This “WONT” end up exchaning hands

    Reply
  • James November 6, 2010, 5:41 am

    With a few exceptions, Flippa is nothing short of a scam factory. The newbies are almost always the buyers. I have seen at least a dozen of these buy facebook fans websites on Flippa. Of the ones i looked into they were selling a dream and pocketing the cash…..

    Reply
  • juan November 6, 2010, 6:09 am

    Reply
  • Mike November 6, 2010, 6:58 am

    I think this is a legit story! This type of flip is happening every single day. People are trending now towards buying domains with a business plan and some action steps taken behind them. Trust me, I see these types of flips on a daily basis on Warrior Forum, DP Forums and even Ebay! This domain game is far from dead, it is evolving! Develop or lose out!

    Reply
    • Morgan November 6, 2010, 10:26 am

      Great comments everyone!

      As someone that has been buying and selling websites for a while I know of MANY legit sales happening all the time.

      That being said I also know how to spot a scam and feel bad for end-users who fall for the scams and end-up losing thousands of dollars. The example I gave here is a scam, and there are many scams running on Flippa just like it. The devil is in the details – the seller really tries to convince the Buyer they have access to some resource at a highly discounted cost, I’ve seen it with FB likes, Twitter followers, visitors, products, etc.

      I buy websites from Flippa and have bought some great properties with good traffic and revenue. However it takes a long time to find a good site and you have to be careful to avoid the scams.

      When I started in Domaining I didn’t understand why people were parking, all I wanted to do was develop my names. Nothing has changed for me but the whole industry has evolved and now those who laughed back in 2007 are making the switch. Development is the key, and scammers know this and are running rampant on Flippa. There are great deals to be had but avoid the land mines, spending $5,000 on a site that makes nothing, and dumping another $5,000 into it to find that out can be a VERY disappointing experience.

      Reply
  • William November 7, 2010, 12:23 am

    The buyer wasn’t after the domain they were after the website/business. But you of course already knew that, you just wanted to trick a bunch of domainers into coming to your site. Well done. You tricked me.

    Reply
  • Ted Rosen November 7, 2010, 12:09 pm

    What you are buying here for 5k, is not a website, but is a complete explanation of a business that is making money. If you are smart, you can find the suppliers yourself, and create the website, if you are not, you will be paying 1-2k for a website, and probably a premium for outsourcers and information on how to run a business.

    People charge 5k all the time for consulting services, and this is all this auction basically is, a consulting service with a pre-built website.

    Reply
    • Morgan November 7, 2010, 1:11 pm

      @Ted I’ve been using Flippa since the very beginning and have seen a number of scams running on it. This is the example of a classic scam that is running now. There is no source that can get you Facebook Fans at this price – they are selling a dream that won’t become a reality.

      Having build 150 websites myself I’ve learned what works and what doesn’t.

      Like I said there are LOTS of great auctions on Flippa for real businesses that actually make money. That being said you have to watch-out for the scams. Seeing how many of my readers would have fallen for this scam shows just how effective it is.

      There are some great businesses for sale on Flippa with real potential, this is not one of them. As someone active in the web development and website flipping space I feel it is helpful for me to let everyone know when I see something that could potential lead you down a wrong path. Having been scammed before I know how these work, if you spend a few hours a week on Flippa you’ll be able to tell the good deals from the scams.

      It’s a big like being a venture capitalist, you have to find the businesses that are making money and avoid those that are all smoke and mirrors.

      Reply
    • Morgan November 7, 2010, 1:13 pm

      @Ted – also a site like this can be built for $50 not $1000-$2000 – I’ve build many sites more sophisticated than this one for under $50…

      Reply
  • 3ddi3 November 7, 2010, 4:46 pm

    @Morgan – just for clarity, is it the cost of developing the site that is the scam or the business of the site?

    Reply
    • Morgan November 7, 2010, 5:19 pm

      @3ddi3 – it’s the business model itself. They trick you by telling you they have a source that can sell you FB fans at an incredibly low price. What they don’t tell you is that they stiffed the people who submitted their initial orders, maybe even refunded them later on.

      In some cases they’ll provide an email address that they control and will string you along for a while. Either way if you do get customers you’ll have no way to deliver what the site is promising.

      This is a trap that a lot of new Website Investors can get in trouble with. There are definitely some great deals on Flippa and real sites making real money. Scams like these fall through the cracks several times a day and one scammer makes a few thousand bucks.

      For anyone how thinks this sounds like a good deal I recommend you go on Flippa and try it out for yourself, there are sites like this selling all day long…I’m just trying to help everyone avoid making a $x,xxx mistake, learn once then never fall for it again!

      Reply
  • Jason November 8, 2010, 5:29 pm

    I don’t see this domain as an investment. I can register two dozen names right now that are far more valuable. Many of these names are education, resume, and product related. I have proof what I earn because all my domains are hosted at Why Park.

    There are always going to be scammers out there. I don’t believe sales such as this unless there’s some proof. It’s not that easy to make a sale, especially in two weeks. I’ve sold quality domains to other Go Daddy members a week after registering them. However, I only made about 20 times the cost of registration.

    It’s not all too common to sell names. I do make revenue at Why Park. Choosing the right keywords and content will help you generate quality traffic.

    Reply
  • chris November 10, 2010, 9:29 am

    Good write up – There’s a sucker born every minute. With the right startegy and marketing he sold this domain for an insane profit. What he did was wrong and the person who bought this domain should have done abetter job of investigation, and not just hit the buy it now button. However, what happens if the buyer doesnt pay for the auction? I know that on ebay if someone buys an item but doesnt pay – he simply gets a “point” marked against his account – simply put – nothing happens.

    Reply
  • Matt January 3, 2011, 11:08 pm

    Someone else got taken by neweggcode Dot Com too. this dude bought it for $9k. The owner claimed the site was making $9k/month from cj newegg code affiliate and that he was getting #1 listing on google for the word “newegg code” he lied and walked away with $9k.

    I contacted the new owner and he said he has not made a dime of off that site.

    Reply
  • Jason January 5, 2011, 2:24 pm

    Many scammers in the domain industry. It was up to the buyer to use domain tools to determine whether they were making a good investment. Bad purchase. Tough learning lesson.

    Reply
  • Chris June 10, 2011, 10:40 pm

    You should always research the domain history and authority before making any bids or before making the payment for the desired domain. There’s plenty of tools in the web which will help to do that.

    Reply
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