New Incentive Site Part 2

Aug 24th, 2011 | Posted by | Filed under Building Websites, Flippa, Rewards and Incentives

I’ve got FSRevolution up and running. You can see the site at Pointazon.com. I haven’t entered any offers yet; I’m waiting for the template to be done. I hired a guy who’s done FSRevolution templates, PayPal’d him the $150, and now I’m waiting. He said 4 – 5 days, and I paid him on Sunday, so hopefully by the end of this week it will be done. Then I’ll start entering offers.

There was a guy on Flippa a couple of weeks back selling a site called Freebster.com. I had a bit of communication with him, asking about the script that runs the site, and he told me it was custom built. I asked if he was willing to sell the script, but he never got back to me. For the Flippa auction he was claiming $7k in revenue per month, but it seemed pretty shady to me. He was trying to get a starting bid of around $6k; I don’t remember what the buy-it-now price was, but it was over $10k. The auction ended up closing with no bids.

Tip: watch yoursel fon Flippa when it comes to site that claim they are already making revenue. Personally, I don’t think I’d buy a site that claimed to be making money off of Flippa. I’ve heard too many stories of traffic, PR and revenue being faked. I have, however, and will, continue to buy brand new site with good exact match keyword domain names. You can get them with WordPress already set up for around $60 – $100, and the seller will usually move it to your own hosting company for you.

Back to my reward site stoery…. Yesterday I got a message on Fliapp out of the blue from a guy who claimed to be the original developer of the Freebster script. He said he’d built it in 2010, but didn’t have the time or inclination to market it. He threw up a Facebook page, got about 200 followers, made about $20, and then sold the site. He cautioned me about buying the site (he’d seen my comments on the auction at Flippa) and expressed the opinion that he didn’t think the claimed stats were realistic.

And he asked if I was still interested in the code.

Well, I still was, sorta… but I’d just dropped $199 on FSRevolution and $150 for the template customization, so I wasn’t ready to crap out any more cash, not until I knew a rewards site could work. And it was developed using Cake PHP – like I want to learn ANOTHER framework to be able to make some edits.

So I thanked the guy and told him I’d be in touch if my first rewards site started working out.

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