For Sale:
Set of Online Sweepstakes Games Sites
Asking Price: 1,500,000
Description
This set of unique online sweepstakes games sites use a virtual currency business model to offer consumers an opportunity to win various cash prizes.
For the visitor, virtual currency is earned by participating in various advertiser offers. The online currency can then be used to play games for the opportunity to win cash prizes. Cash prizes are distributed to winners in the form of Visa gift cards and are processed monthly.
The websites generate revenue through users’ participation in the various incentive advertisements offered across the websites. This model has proven successful with the two sites currently generating over $1M in annual revenues combined and with a steady stream of profits maintained with very little effort, this set of websites continues to be a thriving business!
With over 95% of operations being automated, these sites are easy to run and are an excellent home based business opportunity. While the current owner spends as little as 10 hours per week operating the business, a new owner can take these sites to their next level of growth through increased marketing efforts. This is an excellent opportunity for a buyer to acquire an established and successful set of gaming websites with continued substantial growth potential through proven marketing strategies as well as new efforts!
Financial Overview
| Gross Revenue | 894,257 |
|---|---|
| Cash Flow | 428,271 |
| Archive Date | 07-04-2011 |
| Status | Archived |
| Year Established | 2009 |
| Employees | 0 |
| Inventory | 1 |
Other Information
| Category | Advertising Directory/Incentives |
|---|---|
| Industry | Online Gaming |
| Location | USA, Washington (King) |
| Home Based Business | Yes |
| Seller Finanacing Available | No |
| Income Sources | Advertising/PPC/Adsense |
Growth
A few ideas for expansion and growth include launching affiliate programs, expanding media buys in the U.S. and Canada, extending into Europe, identifying ways to sell the user data and more aggressively promoting advertisers through the newsletter.
Competition
While there are other sweepstakes type sites online, there are no other websites that provide exactly this model providing these sites with a big competitive advantage.