Personal Blog of Carl Pei

I’ve finally concluded my anime network auction, and accepted a private bid. The sale included two established sites, beginnings and plans for a forum, and one month email support and viral marketing plans/strategies for the websites. This morning we moved the sites and I’m all done.

It has been a few hectic days, and I think one of the buyers was trying to pull a trick on me to make me lower the price by bidding and then not replying after I accept bid. Luckily, there were quite many people interested so I still managed to sell. In the end, it sold for $4,200 USD. I could probably have gotten more if I let the auction run for longer than 5 days, but I am happy with the sale. The buyer was an avid anime fan, and I know that he will do a good job with the sites and earn back his investment quickly.

This Was a Huge Step

This sale has been my largest to date, actually it’s only the third time I sell a website. I remember half a year ago reading a friend’s blog that he sold a site for $x,xxx USD, I was very shocked and a little jealous. Those amounts were just pipe dreams for me, and who knew that one day I could do something like that too?

Nice Hourly Wage

During the three or so months, the sites have made around $1,100 on AdSense and $100 on Chitika. The sites sold for $4,200 which brings the total to $5,400 USD.

Investment has been minimal. Not more than $30 has been spent on domains, and $30 was spent on the Sitepoint auction. I used the same Host Monster hosting account as for some other sites, so no additional cost here. This brings profit to around $5,340 USD.

The next step is to figure out how much time I have invested in this, I guess it would be something like this:

Research: 4 hours
Initial setup: 6 hours
Promotion: 4 hours
Adding videos: 4 hours
Redesign: 4 hours
Moderation: 1 hour
Sale: 3 hours
Total: 26 hours

My approximate hourly wage during this project has been $205 USD/hr (5340/26=205,38).

The Aftermath

This anime network stood for a majority of my monthly earnings. However, losing this income will buy me time and force me to work harder on other projects. This was also created as an experiment, I never thought it would grow so big, and therefore I let it go quite easily. Who says I can’t have another idea and do something like this again?

What Is the Next Step?

There has been some interest on Sitepoint to buy the techniques that I have used on these sites, and I will of course cater to demand. I’m planning to write an E-Book on exactly what I did from launch to sale with these sites, so others can learn and make something similar. The E-Book will be written in a way that even web novices will have an easy time following. I have a feeling it’s going to be great! I already have a price in mind, but will have to do some research before finalizing it.

Before this, I’ll write and release for free, as promised earlier, an E-Book on how to launch, run and profit from a proxy site. Potential buyers of the video site E-Book can get a taste of my writing from the coming proxy site E-Book.

This entry was posted on Wednesday, June 13th, 2007 at 8:51 pm and is filed under Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.