Sneakadeal.com For Sale!

[Diezel]

Hello everyone,

Ill start out by introducing myself since I am new to the forums and all. My name is Zak Dietzen I am 18 years old and have been working on my business now for 2 years. My dad is a local entrepreneur here in my town (Effingham Illinois) and I have always followed him around learning the tricks of the trade. I love doing entrepreneurial things! So one summer I saw an opportunity to make a web based business. I started out knowing absolutely nothing and worked my way into creating a profitable company. I am now putting that company up for sale in order to pay for college. This website is one of the best designed and most user friendly "deal of the day" sites out there (such as Woot.com). The site has so much potential to explode into an even bigger powerhouse than it already is. You can go ahead and check out the site for yourself by going to sneakadeal.com (some older versions of IE might not work, Firefox is the way to go anyways). If you are interested in more information please email me on my personal email address Diezel37(@gmail.com) sorry I can not post URL's or emails yet, I will then give you my phone number if you would like to talk. Any comments are greatly valued! Serious buyers only please!

Thanks,

Zak Dietzen
President
sneakadeal.com

[namedia]

Do you want 200,000 for that site?...you need to post more info like how the site makes money, how much it makes, what the traffic is like and where it comes from etc. On standard multiples of 10-20x monthly earnings, your site would have to be earning at least $10,000 a month to warrant the asking price you have listed on the homepage. And if it is turnkey as you say and making that amount of money per month, selling it doesn't really make sense. And charging $50/hour for consultation after the site is sold is pretty unheard of....for a site with that asking price, most people are going to want alot of support/consultation for free or they will not buy. I know in the many site deals I have done that if the seller does not provide after-sale support and consulting then I simply will not buy, it's too much of a risk.

The best place to list it for sale is http://sitepoint.com, very large deals are usually done there, I don't know if there are really that many deals that go through here as most people only give feedback as I'm doing. sitepoint is full of serious buyers and sellers. It's the place to go if you don't have it listed there already.

[Diezel]

The asking price isn't $200,000 I put that up there so people wouldn't hit buy and the item says sold out. I am looking for people to just make offers really. The consulting is free for a limited amount of time the reason being I do not want to have to basically run the site for them after it's sold. I will teach them the ropes once they get it I will turn them loose. Then after that I will offer so many free hours of service but after there up, there up and you have to purchase more hours. (just so I do not get stuck constantly working on the site) In my opinion I believe people will be able to learn how to operate this site in 30 min or less without any knowledge of websites. It is super simple! Thank you for your input! I really appreciate hearing feedback like this to continually gain knowledge on how to do these types of things!
Thanks!

[americano528]

Turnkey means that you have provided EVERYTHING a business requires. Setting up a website and a few advertisements doesn't mean that a business is "turnkey"

In fact, that hardest part of the deal of the day business is finding a product to sell... I strongly advise people without resources to buy something to sell on the site to keep away. This business is not profitable.

[Diezel]

How do you figure it is not profitable? This is every bit of a turnkey business? What is not turnkey about it? When you own a business you actually do have to do things to make it work and for it to be profitable. You don't even have to handle any overhead if you do not want to. It all depends on your style. You want more profit then you take a risk buy inventory and sell it you want less risk (almost non-existent risk) then you drop ship items for a lesser profit. All you have to do is spend 20 min, if that, a day picking a product and updating the information on the site. The site updates itself at 2am CST and you then sit back and watch the money come. Once that deal is up you either ship it (if you have the inventory) or you order it from your drop shipper. If Deal of the Day sites were not profitable then why do they have them on the internet? What you are saying is in no way true. Your opinion doesn't even matter because there is already a buyer and the sale is in discussion.

PS- This business has been ran and profitable for over a year and have had thousands of hits a day, if that isn't turnkey I don't know what is. So, I think people can draw there own conclusion after reading these posts.

[americano528]

It's logical that you defend your business and your website. However, I wish you had defended with numbers and specific examples. I know woot.com is very profitable, I sell wholesale electronics and I have sold 2 items to them in the past. I have looked into doing a deal of the day website myself, but finding the products to sell is not easy at all. you need a loyal customer base, and in order to get that, you need to have the BEST prices by far.

If you were a turnkey business, then you'd have a list of sellers and a list of products. If you had this, then you wouldn't be selling the business. And if you were still selling the business, then I'd be highly interested. Dropshipping products is fine for a few dollar margins on eBay, but you will never profit on a deal of the day website simply because you don't have DEALS. Without DEALS you don't have a turnkey deal of the day website business.

Any questions?

[Diezel]

So you want me to list my wholesalers? I am not getting what you mean by "then you'd have a list of sellers and a list of products". If that is what you want ill jot them down on here for you. We have a very strong customer base and a lot of our products sell out within a few hours of the deal being posted. And you are right about picking the products it isn't always easy, if it were easy then everyone would be doing it. What you have to do is sell what the customers want to buy, not what YOU would want to buy. The reason I am selling this is for college Ill be attending University of Illinois and I obviously need money to be able to go to college. I would run it in college but, ill be in college.... (if you get what I mean haha) Anyways if you need the list ill get it on here.

[americano528]

I'm a Junior at Babson College, if you set your goals straight, you'll be able to do everything you want in college.

Previously you hadn't mentioned that you would include the suppliers and wholesellers. "All the hard work has been done! All you do is pick products and ship!" is a bit misleading, I would say that you'll include a catalogue from where to choose from or something to hint at the buyer that you have the sources. How about you list some products that you've sold in the past? Or products that you would be able to sell right now so that we get an idea of the margins.

Who are your wholesellers, where are they located? How do we know it's not just an e-book with fake wholesellers or outdated wholesellers?

Being in the business myself, I'm very curious and at the same time very interested... I'm sorry if I came off as a bit agressive at first, but welcome to the real world buddy ;-)

[dkattis]

Yeah, I agree with you Americano...People are going to want to know the ins and out before committing to buying your site.

Babson ,huh? Pretty good school for entrepreneurship. I'm at the University of Maryland.

[Diezel]

Americano thats awesome! I actually just visited Babson last week! Very good school! I am a member at worldwidebrands.com and i have access to hundreds of wholesalers that I can apply for and many we use. Some of the stuff we have sold that have actually sold like hotcakes was Rare Earth magnets that are used in electronics and just stuff around the house. I buy them for about $1.25 (price varies) and sell them for $4.25 and we will sell HUNDREDS of them in a day. Also you in no way offended me I know how business is and I respect your opinion just as much as every one else, sorry for being defensive its just my nature.

Some Vendors-
q3i.com
petra.com
meelec.com

Oh, and if anyone would like me to email them every single product we have sold feel free to give me your email and I will send it! I would list it all on here but it has images and what not and I am pretty sure I am not allowed to post that much on here.

[americano528]

we will sell HUNDREDS of them in a day.

Got anything to back this up with?

Traffic data?

Thanks for the Babson comments, I'm really proud of my school, it really is a fabulous place, particularly for entrepreneurs. Good luck at your respective colleges, I have a few friends at University of Maryland who're really happy too!

[Diezel]

Well I cant really let you log into my paypal account I'm new to all of showing all of this remember i've never done anything like this! What sort of things could i show to prove that I truly do sell that much? Sorry for the idiot question but hey! you learn by doing!

[namedia]

Diezel, to show the proof of traffic and income, you need to take screenshots of your data. Knowing how to take screenshots is paramount to selling a website or business. It's quite simple, just open up the paypal page or traffic data page showing all necessary info then press the 'print screen' button on your keyboard which is above the 'home' key and diagonal to the right of the backspace key. Then, open up paint and hold Ctrl and hit 'V' and then an image of your screen will appear. It is usually a good idea to cut out any personal info to.

Btw, if you can show me how profitable this site is, how much traffic it is getting and where the traffic is coming from then I may be interested in buying. I have either an $x,xxx or $xx,xxx budget depending on the sort of data you show me.

Please PM me with it.

[dkattis]

Yeah, love it here at the University of Maryland. Any of your friends in the Smith School of Business?? I am a junior as well...

[americano528]

No, I don't know anyone from Smith actually, the one person I know is studying Aerospace Engineering haha, wayy off

Diezel, if you could publish the screen shots I'd be interested too.