Skinnyr, a weight loss tracking and advice site that competes in the same market as Fatsecret, is on the market.
Owner James Thomas told TechCrunch that he is selling the site so he can focus on JamJunky, his social song writing community.
According to Thomas, Skinnyr has 1700 users. Revenue is 0 as the service has never been monetized. Thomas is asking for a figure of around $65,000 for the site.
Skinnyr takes the ultimate weight loss treatment by joining the TechCrunch Deadpool.
That’s $38.00 per (fat) eyeball.
That’s more than 65000 times revenue.
Since I’m one of the 1700, do I get a discount?
“Skinnyr takes the ultimate weight loss treatment by joining the TechCrunch Deadpool.”
That’s a good one…Har Har…
$65K for a site that only has a 1700 user base and no revenue?
kind of steep - if i was a buyer in this marketplace, i’d just have my own site developed for a fraction of his asking price
Should that have read $65.00?
I’d like to put in a correction…
1) The site isn’t dead. In fact, a redesign was released this morning (Monday morning)
2) Just because there is no revenue does not mean there is not potential for revenue. I’ve never *tried* to monetize the site.
3) No mention of the new features, the new design, or the yahoo widget? That’s all new functionality
4) I’m not selling it to focus on JamJunky. I’m selling it to focus on listobo.com.
Much thanks for the mention!
James Thomas… you are very lucky. do you why? if you ever take VC money… you would end up pay more than government taxes and investors demands. you would also end up losing entire savings accounts, mortage home, etc…
This is what happens if young 20 years old take VC money too early without know the sales forecast.
Stand-alone widgets need to be damn good to survive don’t they.
Checking the growth of Fatsecret would suggest that fatties remain a ‘large’ force that are will use a thoughtful online application that provides a good service.
Hey, James Thomas…Don’t be lazy….
Why can’t you advertise papers near or far from jenny criag stores?
You can steal the spot light too! You should talk to people.
The site and the widget *ARE NOT DEAD*, people. The purpose of the press release was to announce NEW FEATURES and a NEW DESIGN.
The site never took VC, it’s self funded.
Read up: http://www.skinnyr.com/this-site-is-not-dead/
Michael can you please think about replace Duncan Riley by someone who make some research before he writes a blogpost. A very high percentage of the last postings of him disappointed me!
The bottom line is that the site is not ‘dead’ but is up for sale. Maybe that was what was supposed to be announced in this post.
I personally think Techcrunch made an error here…
How can something be dead if the website is still active, used [not by so much people but anyways], rebranded…
The service will remain in play after the sale because of its potential on a niche market… If it will be put offline… then it’s dead… but not yet…
Give the guy some credit…
If techcrunch is sold… it will join its own deadpool? Just because it’s sold?
Bad post guys…
Is it not a bit early to put this site to the deadpool with slimming season being in full swing?
But the price per visitor is quite hefty - at least the purse of the buyer would get a slimming
I think the old “any press is good press” adage applies here. If I was selling my web app, I’d kill for some Techcrunch exposure - *whatever the hell they were saying about me*. Hell they could say that I eat babies if it means that me selling http://8apps.com gets known by 10,000 more people.
A site shouldn’t be “A live” becuase it get covered by TC
- it should “A live” as - soon as it makes money
- Then dead / as soon as it - closes down or reshifts focus drastically.
- Rb
The site it’s self isn’t bad at all. I would give the design a B+ and the idea a B+. But then who am I to hand out those grades? If it isn’t even making money or have that many users, why would TC even post on this to begin with?
How long / how much money would it take to develop a site like this? Guy Kawasaki just revealed that he paid a little over 4K to develop Truemors.
Austin,
I developed it for free, since I’m the developer. Somebody could create a competing site, and even make it better than skinnyr, for far less than my asking price.
So how is it justified? Skinnyr traffic has doubled (or close to) every month since january. 1700 users is a pretty good amount, and there’s a 10% conversion rate (5% conversion rate if you only look at TC traffic). Combine the steady increase, the existing userbase, the conversion rate, and the strong brand name, and I could ask $65k and get away with it. I don’t expect to make $65k, that’s just a price I threw out there. As I mention on my site, I’m open to counter offers.
The site has no revenue because I’ve never tried to make a dime off of the site.
Imagine that with this article Skinnyer is getting free advertising, possibly more subscribers and will sell for much more in the future.
I agree this article is not the best, but Duncan is ok.
One last thing, CareerRamblings.com got sold for $20,000 after ~7months of work and the blog was making around $1,800 a month.
Would Skinnyer be worth $65K? Maybe not that much, but still in the mid $xx,xxx.
Cheers
James said, “The site has no revenue because I’ve never tried to make a dime off of the site.”
Yeah — because you’d probably make $0 from it? =)
Good luck though. If it actually sells for anymore remotely near that… then that’s a new business model I should pursue.
Develop a misc. set of webapps, rebranded as various “Web 2.0 Companies / Entities” then flip them for $50k+.
As someone who actually tries to monetize my sites, it’s a helluva lot harder to make money that way than flipping em. (if your scheme works, that is!)
Don’t see why selling a site makes it a dead site…
friendster is one of the best website that i ever seen!!