Dont get surprised its not April Fools day and iam not kidding, its a real truth that a 600 pages wordpress based blog has been sold for a real surprising figure of 70 Crore [15 Millon Dollars]. Lets read more about this blog which should be given a Guiness World Record!
Blog Name : Bankaholic
Deals in : Finance & Banking Industry
Total Staff : 1 Writer – Johns Wu, Finance Writer – Mark P. Cussen
Income Options : Google Adsense on the wordpress blog’s sidebar , Credit Card Affiliates links used with the posts like best credit cards and i came to know he was getting huge conversions from these , Financial Products Affiliates like BankRate Partner Program under different posts.
Search Engine Rankings :
The Blog has got Sitelinks for multiple keywords because he has setup different sub domains for different categories. Check out the sitelinks/search results for the keyword CD Rates and you can find that the first result is from bankaholics followed by 8 sitelinks related to the same. Other highly searched keywords i found this website ranking was for Money Market Rates, Savings Account Rates & Bank Interest Rates. All these keywords helps out bankaholic get targetted sales/lead conversions.
Traffic Stats : The blog has got a very bad alexa rank which stands at 42k. A very bad number when you compare it to the amount the blog was sold for.
Sale Details : Source – Financial info site BankRate is expanding its financial product listings, as it’s acquiring Bankaholic, which provides info on deposits, savings accounts, and money market accounts. The company will pay $12.4 million up front, with another $2.5 million possible earnout over the next 12 months.
Conclusion : Even if the new owners are able to make up 500k revenue from this blog without any costs then it would take them another 8 years to make up the same amount of money. May be the amount paid is not for the traffic it currently gets but for the domain name + search engine rankings + authority in the domain name + single word domain name which is easy for branding and also bankRate would not have to share any revenues with bankaholics.com if they own it. Another reason would be a high amount of Aweber subscribers who would have converted in the last 2 years resulting in a good base for promoting new financial products in the members list. Anyway this kind of sales are not seen every other day and we hope to see many more like these soon.
That’s really a big amount, gone waste by the buyer!
15 Million dollars? I would have gone lower than 0.5 million for this blog which has not much traffic, not much earnings and not good at SERPs.
Or was this a fake news by both buyer and seller to create a viral buzz?
OMFG
Thats crazy..
a blog for 70 Crores .. the alexa is 42k
amit, then in that case ur blog should be sold for 140 crores.. as ur alexa is 18k
I think ur blog is far way better than that one..
why dont you look for some buyers 😉
I think this is a prank news… I would have not bid more than 1000$ for this blog.. 😛
This was a real news guyz… 15 million dollar is a lot of money!
Speechless!!! Shows the value of hardwork…
rumors rumors and more rumors..
i dont think its possible and the blog value was so much 😮
Thanks for the update, that is a tough niche to crack in and I am sure that the buyer knows what he is doing.
Alexa sucks Guys. According to Quantcast, this blog gets over 150k visitors per month from U.S alone. According to Compete, there are over 295,000 people visiting Globally. The graph clearly shows the growth. Google Trends shows a similar growth in the trend.
Alexa is misleading completely.
Yes I also believe that Alexa is misleading. Alexa ranking is the notorious bluff in the cyber world! Sometimes you see alexa ranking of many sites, and you will burst out laughing. I have no faith in Alexa ranking.
This is not rumor… I found some solid proof on Reuters
http://www.reuters.com/article/pressRelease/idUS201432+23-Sep-2008+PRN20080923
Amit, Perfect conclusion!!
Ooops, it is not the blog that worth $15 mil. I am sure there are thousands of better blogs than this one. The real thing in this purchase is the domain name, bankaholic.com. It is a fantastic domain, easy to brand and remember.
Wow! this is amazing, congratulations Bankaholic for the job well done.
what do you guys mean “the alexa is 42k?”.i mean why do you get surprised at what it got sold for when it has got a lower alexa.not everyone has the alexa bar.remember that a large part of the community who visit that finance site do not have alexa bar.
That’s a real high valued blog, which is not worth the price actually. The owner is really lucky.
Is Ke Owner Ki Tou Mojen Ho Gain 🙂
Neither the blog or the domain name are worth a tiny faction of what the buyer has paid. Seller must be laughing to the bank!
it must be rumor coz the alexa rank is 72k now
i may not even pay $1k for it
It has a average Alexa rank. However the pay is very high for such blog.
Amit – your blog is far better than blog sold. but where as per the earnings from Adsense is high for financial related keywords and Financial Affiliates. I hope it has been sold…But who can guarantee it for 8 years???