Why not sell through Flippa?
probably because he wants to make more than $1K from the auction. Nothing wrong with Flippa...and I know from time to time they have a big value site listed...but as a rule...it's almost always complete crap
Threewords.me is up for private auction
11–20 of 85 posts
Re: Threewords.me is up for private auction
#12Very smart move this, rather than to figure out how to monetize it monetize it by selling it while the growth curve is still exponential. Also, looking at alexa it seems as though the period of hyper fast growth is already a bit past: http://www.alexa.com/siteinfo/threewords.me Still, it should fetch a pretty penny and to the right party it might be worth quite a lot of money.
Actual "directly measured" data:
Re: Threewords.me is up for private auction
#13I wish the publication logos lit up when you mouse over'd on them. Just me?
Re: Threewords.me is up for private auction
#14Making the bids public would definitely be a good idea (one person bids x, person 2 bids x+500, etc).
No, it would not be a good idea at all.
Let's just for a second pretend that I'd be an interested party (I won't be bidding).
I would assume that most of the people bidding are not 'players', I'd assume that they would just try to get it for a song and a bit, the equivalent of buying Manhattan from the Indians because they're not aware of what it's worth.
Mark is a smart guy so he won't be going for that.
The second group of potential buyers would be more savvy and would bid higher, they'd be outbidding each other bit by bit, probably in increments of 1,000 $US until they ran out of steam.
With the last moment of the bidding already announced the real players would wait until the very last moment and would then bid based on what the highest of the second group has bid using that as a way to guide their decision, in the hope that nobody else would be bidding a similar amount.
In a 'blind' bid like this, assuming a party really wants to get their hands on it they will have to decide what it's worth to them to get it, rather than to let the market do their valuation work for them. This may very well lead to substantially higher bids.
If I were Mark I'd add two things (if he decides to make the bidding public, which I would not advise him to do):
- Extend the bidding with 15 or 30 minutes after every new highest bid
- keep the identity of the bidders secret, just show the highest bid
Since he's already under way and it is difficult to change the rules once the game has started I don't think that is a viable option any longer anyway.
Re: Threewords.me is up for private auction
#15Very smart move this, rather than to figure out how to monetize it monetize it by selling it while the growth curve is still exponential. Also, looking at alexa it seems as though the period of hyper fast growth is already a bit past: http://www.alexa.com/siteinfo/threewords.me Still, it should fetch a pretty penny and to the right party it might be worth quite a lot of money.
Actual "directly measured" data: http://www.quantcast.com/threewords.me
Same curve, so that pretty much confirms the drop.
Re: Threewords.me is up for private auction
#16How much revenue is generated from Threewords.me? Is it even profitable?
Also, I'm wondering how the process of transferring the actual website would go? Will the buyer usually take over the servers which the seller has setup?
Re: Threewords.me is up for private auction
#17Glad to see this already submitted :)
Yeah, I'm working on way too much stuff, and threewords.me started up as a side project that I didn't have any interest in continuing it long-term (more interested in developing http://supportbreeze.com and others).
The press curve has slowed, but a lot of users are still hitting the site (new and returning) — every new feature I get is hugely adopted within minutes.
Re: Threewords.me is up for private auction
#18Very smart move this, rather than to figure out how to monetize it monetize it by selling it while the growth curve is still exponential. Also, looking at alexa it seems as though the period of hyper fast growth is already a bit past: http://www.alexa.com/siteinfo/threewords.me Still, it should fetch a pretty penny and to the right party it might be worth quite a lot of money.
http://www.google.com/trends?q=threewords.me&ctab=0&...
It shot up, then it shot down... Agreed @ smart move. Best time to sell it, and I can't see it either being very monetizable long term, or 'sticky'.
Re: Threewords.me is up for private auction
#19How much revenue is generated from Threewords.me? Is it even profitable? Also, I'm wondering how the process of transferring the actual website would go? Will the buyer usually take over the servers which the seller has setup?
Haha, hey everyone this guy thinks profitability with this matters! Everyone point and laugh!
I highly doubt even Mark thinks this product has legs with monetisation, it's a fad at best. He's clever for cashing in now, it'll be dead soon unless the new owner works out how to expand.
Re: Threewords.me is up for private auction
#20How much revenue is generated from Threewords.me? Is it even profitable? Also, I'm wondering how the process of transferring the actual website would go? Will the buyer usually take over the servers which the seller has setup?
Hey, I'm not monetizing it at the moment. Transferring the actual website: not sure, will have to be something we talk about.