5 ms·

I enjoy seeing posts like these, good for you pal. Is it hard to maintain? Is this just side income? :)

by gldev3 5y ago

par 5y ago
Thank you! It doesn't take a lot of maintenance, mostly side income at this point. But I have put in a LOT of hours on it over the years. I will work on it in bursts, and take a few weeks and work on it 3-5 hours a day, and then not work on it at all for a while. I do need to keep the image library fresh, but that is pretty easy. To be honest, if I worked a bit more on it, I think it could do a lot better.
- yreg 5y ago
  Thank you for all the info you shared in this thread, it is interesting.
- giarc 5y ago
  At $4k per month, you could sell it for quite a bit of money. Multiples on apps are pretty high right now.
  - guessbest 5y ago
    Are there any marketplaces for apps. I have a few.
    - giarc 5y ago
      Yes, many options exist. The big one is Flippa which will take just about any project and allow you to list. There are others that are specific for large businesses (either have a listing price floor or a revenue floor) such as FE International and Empire Flippers. Another new one that is 0% commission is MicroAcquire. I follow the founder on Twitter and they seem to be doing quite a bit of volume. I've personally sold projects on both Flippa and MicroAcquire and happy to chat about the pro's/con's of each.
      - guessbest 5y ago
        That would be nice. I'll have to check to see if it feasible for me. Microacquire looks like an all or nothing deal.
        giarc 5y ago
        Do you mean as in "the price is firm" type all or nothing? If so, buyers can negotiate on price.
        guessbest 5y ago
        It looks like it is a whole business acquisition so all of the business or nothing. My app business for ios has been around since 2009 so I'm less desiring to part with it. I can part with some apps that are basically feature complete, mature and stable income.
        giarc 5y ago
        I believe I saw Andrew (founder, operator of MicroAcquire) tweet out that some deals are for partial equity of a company. It's really just a listing page and from there the buyer/sellers are free to do what they want. If you had apps that you want to offload, just list and see what type of buyers approach you. Since there are no listing fees it's no risk (other than your time). The issue I had with Flippa when I listed a business there is that there are a TON of tire kickers. Flippa has a lot of users, but I'd say many aren't serious buyers. Flippa will prepopulate "inquiries" to sellers with some standard questions (ex. "How much time are you spending on the business each week?" etc). I learned to just ignore any message that contained only those prepopulated messages after a while. At first I spent time crafting responses to them only to be ghosted after that. If a potential buyer can't take the time to write their own opening message, they aren't serious.
        guessbest 5y ago
        Thanks for the advice. I could spin out the applications in to a new company if I needed to. I have around 40 or so that have been around since 2011.
    - exikyut 5y ago
      You could try listing them here. May or may not favorably influence the price, in the same way private forum sales can sometimes go more interestingly than eBay et al. (Translation: I'm benignly curious what apps :P)

I enjoy seeing posts like these, good for you pal. Is it hard to maintain? Is this just side income? :)

by gldev3 5y ago

I enjoy seeing posts like these, good for you pal. Is it hard to maintain? Is this just side income? :)

par 5y ago

Thank you! It doesn't take a lot of maintenance, mostly side income at this point. But I have put in a LOT of hours on it over the years. I will work on it in bursts, and take a few weeks and work on it 3-5 hours a day, and then not work on it at all for a while. I do need to keep the image library fresh, but that is pretty easy. To be honest, if I worked a bit more on it, I think it could do a lot better.

yreg 5y ago
Thank you for all the info you shared in this thread, it is interesting.
giarc 5y ago
At $4k per month, you could sell it for quite a bit of money. Multiples on apps are pretty high right now.
- guessbest 5y ago
  Are there any marketplaces for apps. I have a few.
  - giarc 5y ago
    Yes, many options exist. The big one is Flippa which will take just about any project and allow you to list. There are others that are specific for large businesses (either have a listing price floor or a revenue floor) such as FE International and Empire Flippers. Another new one that is 0% commission is MicroAcquire. I follow the founder on Twitter and they seem to be doing quite a bit of volume. I've personally sold projects on both Flippa and MicroAcquire and happy to chat about the pro's/con's of each.
    - guessbest 5y ago
      That would be nice. I'll have to check to see if it feasible for me. Microacquire looks like an all or nothing deal.
      - giarc 5y ago
        Do you mean as in "the price is firm" type all or nothing? If so, buyers can negotiate on price.
        guessbest 5y ago
        It looks like it is a whole business acquisition so all of the business or nothing. My app business for ios has been around since 2009 so I'm less desiring to part with it. I can part with some apps that are basically feature complete, mature and stable income.
        giarc 5y ago
        I believe I saw Andrew (founder, operator of MicroAcquire) tweet out that some deals are for partial equity of a company. It's really just a listing page and from there the buyer/sellers are free to do what they want. If you had apps that you want to offload, just list and see what type of buyers approach you. Since there are no listing fees it's no risk (other than your time). The issue I had with Flippa when I listed a business there is that there are a TON of tire kickers. Flippa has a lot of users, but I'd say many aren't serious buyers. Flippa will prepopulate "inquiries" to sellers with some standard questions (ex. "How much time are you spending on the business each week?" etc). I learned to just ignore any message that contained only those prepopulated messages after a while. At first I spent time crafting responses to them only to be ghosted after that. If a potential buyer can't take the time to write their own opening message, they aren't serious.
        guessbest 5y ago
        Thanks for the advice. I could spin out the applications in to a new company if I needed to. I have around 40 or so that have been around since 2011.
  - exikyut 5y ago
    You could try listing them here. May or may not favorably influence the price, in the same way private forum sales can sometimes go more interestingly than eBay et al. (Translation: I'm benignly curious what apps :P)