Ofertomania is an internet based start-up online marketplace. Customer to Customer (CtoC). The site facilitates advertising and exchange of micro jobs (so called GIGS). The service targets freelancers.
What is included in the sale?
A complete website along with all the codes (PHP codeigniter)
Two domain names: ofertomania.pl and ofertomania.com
Admin panel - sophisticated panel allowing for a complete management of the site (including invoicing, statistics, editing any static and dynamic content and graphics)
The website has two language versions (English and Polish)
It can be easily translated into any other language that is required to keep the business operational?
Minimal hosting fee (around USD 30 per month)
It would cost over USD 60 000 to build such site from scratch.
Why are you selling the business?
Lack of financial resources to further promote the website. We estimate the minimum required expenditure to gain market share and awareness is around USD 100K
How does the business generate revenue?
The revenue model is as follows:
Initially, there is nof fee to place an ordinary ad. A minimal fee is imposed on ads that are extra promoted. Sellers advertise their willingness to perform certain tasks or small jobs (e.g. translations, painting, tutoring, etc) and the buyers can buy these services. The revenue comes from commission levied on the seller after the job is completed and verified by Ofertomania as completed. All payments are transferred through Ofertomania gateway and the commission is automatically subtracted from the seller's income.
Are there any expenses for the business? If so, what are they?
a. marketing expense- dependent on the markeing plan
b. small (around USD 30 per month) hosting fee
What marketing initiatives have been used for this business?
a. direct marketing - email sent to potential customers
b. google adwords
e. word of mouth
How can the future owner improve the business?
In order to gain market share an investment in promotions has to be made. We believe that marketing efforts in the amount of USD 100K or greater would enable the site to attract new customers. The fact is that the initial investment of 100K or more would buy enough marketing presence to gain the number of users that would generate substantial cash flow.
We believe that 5000-10000 initial users would create the basis for subsequent viral growth of the site.
Seller Reference #Not applicable
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service
before responding to any ad on our website.