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  1. #1
    ABW Ambassador
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    Blog Sells For Up To 15 Million Dollars
    Not bad, wordpress blog. One man operation. Sold it for 12.4 million up front with another possible 2.5 million. This is the site that was sold - http://www.bankaholic.com/

    Story about it - http://www.paidcontent.org/entry/419...-for-up-to-15/

  2. #2
    Grandma broke her coccyx! Uncle Rico's Avatar
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    Kind of like the template. Must be custom.

  3. #3
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    Wow, I was amazed. In your opinion, which is better, wordpress or blogger? Are they rated the same? thanks

  4. #4
    AM Navigator Geno Prussakov's Avatar
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    Wow.

    G.

    PS: They have an affiliate program?
    Last edited by Geno Prussakov; October 9th, 2008 at 10:05 AM. Reason: PS added

  5. #5
    ABW Ambassador
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    Quote Originally Posted by Agent4U
    Wow, I was amazed. In your opinion, which is better, wordpress or blogger? Are they rated the same? thanks
    Wordpress. It's just cool to see one person working on a blog and this is the result. Quality content and it's content is banking type stuff and I've heard the site ranks well for various terms. Comment wise, maybe averages around 20 comments a post. That's just a lot of money.

  6. #6
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    Is that cash or "stock"? It isn't real money for that blog. Smells of a stunt.

  7. #7
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    Looks pretty real to me, here's the press release - http://finance.paidcontent.org/paidc...er&Ticker=RATe

    And the go into some of the reasons as to why they bought it.

    "We have been working with Bankaholic in a co-brand relationship since July and have seen first-hand the volume and quality of its traffic," stated Thomas R. Evans, President and CEO of Bankrate. "Bankaholic is ranked high in natural search for both deposit and credit card keywords. We believe their organic traffic will increase our deposit and credit card revenue, and with a high composition of free traffic, will help to improve margins," Mr. Evans added."

  8. #8
    ABW Founder Haiko de Poel, Jr.'s Avatar
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    Quote Originally Posted by chetf
    Smells of a stunt.
    Reminds me of the $16MM for WF that Jon did almost two years ago.
    Continued Success,

    Haiko
    The secret of success is constancy of purpose ~ Disraeli

  9. #9
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    That's not even the same. That was just some post in his forum, that's it. Lots more news on this, guy is just 22 - http://news.google.com/news?sourceid...=1&sa=N&tab=wn

    It's an authority site in the banking sector that gets lots of good traffic. 15 m seems high to me as well, wonder if they'll make that back but they would know better than me and they've bought up other properties as well for millions:

    "It’s also made acquisitions in order to diversify its range of financial products—last December it acquired Savingforcollege.com and Nationwide Card Services for at least $29 million."

    As an example, Bankrate buying Nationwide Card Services:

    "Bankrate, Inc. completed the acquisition of Nationwide Card Services, Inc.
    12/7/2007
    Bankrate, Inc. (NasdaqNM: RATE) entered into an asset purchase agreement to acquire Nationwide Card Services, Inc. from Ronnie H. Fowler, Scott A. Langdon, Robert E. Langdon, Dixon G. Schafer, and James Rumptz for $34.6 million in cash on November 30, 2007."

    Businessweek - http://investing.businessweek.com/bu...capId=39404586

    So they apparently have no shortage of money for buying up these properties.

    It's a competitive, high money area. Believe it or not, have a quality site like that and you can make some money.
    Last edited by Trust; October 9th, 2008 at 12:53 PM.

  10. #10
    ABW Ambassador Joshua's Avatar
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    Quote Originally Posted by Haiko de Poel, Jr.
    Reminds me of the $16MM for WF that Jon did almost two years ago.
    That is nothing like this - This was actually acquired. Doesn't matter if it's a stock transaction or not - Bankrate actually has revenue, and now is a great time to get acquired for stock since the market is low. Anyway, to my understanding, the WF valuation included that the buyer thought he was going to also get some other companies and profitable campaigns Jon ran (porn maybe? that's where he started), but Jon was unwilling to sell.

  11. #11
    ABW Ambassador Boom or Bust's Avatar
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    Right place, right time. Goes to show how valuable traffic is. And now, watch for the site's decline...



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  12. #12
    Outsourced Program Manager Jorge - SHOPiMAR's Avatar
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    Nice

    Now how did he know when he wrote that: 'FUTURE YOUNG MILLIONAIRES" from http://fyms.blogspot.com

    http://technorati.com/people/technorati/johnswu

  13. #13
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    Chet wrote: > "Is that cash or "stock"? It isn't real money for that blog. Smells of a stunt." <

    I agree; this "story" is very implausible. But it might be real; the site seems to draw a lot of traffic (although their Alexa ranking recently dropped sharply).

    And a deal for stock is NOT the same as cash, if the stock is restricted (as it usually is), or if the stock is not publicly traded.

  14. #14
    Merchant & ABW Ambassador
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    I would think wordpress is more user friendly..

    It's good to see that some people are making a boat load of money during a downturn. Hard work does pay off..

    To Mark:
    Alexa ranking does not mean much. Alexa said that traffic dropped for ABW but Haiko said that it has been growing YOY in that contest about ABW recently.

  15. #15
    Affiliate Manager FDC's Avatar
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    Nice, but it certainly just isn't the blog, its the brand and the business.

  16. #16
    ABW Ambassador Boom or Bust's Avatar
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    Quote Originally Posted by FDC
    Nice, but it certainly just isn't the blog, its the brand and the business.
    ...And the targeted traffic!



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  17. #17
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    That’s great news! Now the Blog, forums and threads are the real money making industries. We can earn the money by posting ads and passing comments easily.


    (lol, removed a crystal meth link)
    Last edited by Trust; October 9th, 2008 at 04:25 PM. Reason: idiot

  18. #18
    MasterMike HardwareGeek's Avatar
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    they paid that much for the domain more so than for the blog.

    I think the domain name is kick ass

  19. #19
    ABW Ambassador Rehan's Avatar
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    This wasn't really a "blogger"... He just happened to capitalize on Google's love of blogs to build an authority site. Check out how the site dominates the SERPs at http://www.google.com/search?q=best+cd+rates (almost 50k exact match queries per month). I'm sure he doesn't have a ton of RSS subscribers (less than 60 in Bloglines)...the value of the site is in the traffic brought in to the database of rates or to specific posts obviously written to sell a product.

    He was probably already making bank before the site was sold, so I wouldn't be surprised if the $15 million was cash. Nice pay day, especially for a site just 18 months old.
    --

  20. #20
    Best New ABW Member 2007 sfcom's Avatar
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    So, all we need here is 15 quality ABW team members to make this work. When we get it built, we split it evenly at $1M each, maybe even $2M if we are really good. What high dollar topic would we choose to dominate? ;-)

    -sfcom


  21. #21
    ABW Ambassador Boom or Bust's Avatar
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    Hey, good idea. Collaborative entities for short term investments. ABest Holding & Investment Inc.



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  22. #22
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    I agree with markwelch and chet, this is very suspicious. I am sure Bankrate has enough SEO consultants under its employ to know that there is no guarantee that the SERPs will hold up forever.

    Remember pizza.com, how everybody was marvelling that it sold for $2.6M. Well that deal didn't go through and very few people know about it.

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