Yaro Starak Doesn’t Buy BlogExplosion.com
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Ahh, I wish the headline was different but the bidding went too high for me. You may not have realized, but BlogExplosion, went back up for sale, this time with via the SitePoint Marketplace. It originally went up for sale about two months ago and there was a $150,000 deal done, but it fell through.
BlogExplosion is the largest blogger community site based around a blog traffic exchange service. So yes, basically everyone at that site is interested in increasing their blog traffic. In case you haven’t heard, I’m the Blog Traffic King and I have a Blog Traffic Course coming out very soon. It would have made very sound sense for the Blog Traffic King to purchase the largest blog traffic exchange and community site - the synergies are obvious.
Gaining access to a membership of over 50,000 bloggers would have been a fantastic kickstart for my new business and in fact one of the first places I (still) intend to approach for a partnership is the people behind BlogExplosion - which could have been me. I was going to find away to get the $50,000 together for the starting bid, but as I expected the price went beyond the opener and should go for around $75-$90K, which is quite a fair price given the potential of the site. It’s way under monetized as it is, plus there is a fantastic community and a lot of valuable resources beyond just the main site.
If I had the cash in the reserves I would have bid higher, but I don’t want to go into debt for a website, no matter how good the future prospects for income are. Perhaps I should have sought a partnership or financial backing, but since the auction only went up yesterday and the deal is almost done now as I type this, there really wasn’t any time to organize anything.
Hopefully the new owners will manage the site well, keep it growing and be open to some form of partnership with the Blog Traffic King in the near future.
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I would think Blogexplosion would go for more than the bidded price so far. The potential in constant revenue and pure “voice” is massive. I can’t imagine why anyone would sell off a blog like that?
First you miss out on Jackofallblogs, and now this! Yaro how do you expect to make the 1 million dollar a year blogging mark?
Hmm.. the work that is required to run a website like that is huuuge. While I think it was a good idea too Yaro, I do think that it would become a full time job just to run that website, and thats not something you want todo.
Terry - As is listed in the sale PDF and auction post, the owners are builders and want to move on to building something again. That’s why they are selling (sold) their site.
It’s a fantastic website though - I hope the new owners keep it growing, which shouldn’t be too hard since traction has been established.
Brion - To be honest I really shouldn’t take on any more blogs but I just can’t help myself. It’s probably a good thing that I’m not winning these auctions - it would distract me even more…I might even get stressed!
It sounds like an interesting site. I will check it out. My blog’s traffic only comes from my site (The site has a different domain name.). However, the blog has several sites linked to it and a PR of 3. Perhaps the blog exchange would increase traffic.
Anyways, So far I have only used SEO or PPC to increase my traffic for my regular site. This site gets around 180 to 200 people each day. This is a lot of traffic for the site’s niche. I doubt I could squeeze more out of the search engines.
Hows blogexplosion now? Curious I was thinking about adding my website to it to increase some viewers…I got over 2000 subscribers but not as many hits.