User Power
Value/Post Ratio
433%
- Nov 14, 2011
- 2,486
- 10,752
Note: MJ Approved
Hey everyone - my name is Justin Cooke and I run a company called Empire Flippers where we help others buy, sell, and invest in profitable websites and online businesses.
Along with my business partner, Joe Magnotti, we started building and selling our own websites back in 2009-2010, but eventually pivoted to a brokerage & marketplace where we bring together sellers, buyers, and investors to close deals.
Our company has grown quite a bit in the last few years - from $200K in sales in 2012, nearly $10M in 2016, and heading towards $20M in 2017 - enough to get us listed in the top 200 on the INC 5000 list two years in a row. To date, we’ve helped broker more than $27M worth of deals between our buyers and sellers. Our team has grown a lot too - we currently have a team of 25 people.
We built our company as a “distributed team”. We live/travel in various places around the world, getting together for company meetups 3-4 times per year.
We broker almost every type of online business (Adsense, Amazon Affiliate, FBA, E-commerce, Private Affiliate, iOS apps, SaaS, etc.) and have seen thousands of unique and successful businesses. We’ve seen quite a few online businesses come through our marketplace - you can read more about the 11 popular types of online business models here.
Feel free to AMA about buying, selling or investing in online businesses, building management teams, starting a podcast, growing our business, interesting niches, living/working remotely, or anything else!
Edit: Thanks for all the questions! I'll be checking in regularly over the next few days, so feel free to ask any questions you like and I'll do my best to answer.
Hey Justin,
Thanks for taking the time to do this.
I have an iOS app portfolio with over 1,220,000 downloads since 2013 which I'm looking to sell. I've recently been working on another business so I have neglected to keep up with monetizing the apps, so the revenue there isn't what it could be. I also noticed a lot of recent downloads being Chinese traffic (which could be a good thing for selling to someone in that market).
Do you see there being ways to arrive at valuations of this based on download count, aside from current revenue earned? Any ballpark figures of what I could expect (with the limited amount of info I provided)?
Thanks,
Andrew
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