You might remember that image above from my post a few days back EPIC FAIL: Build a Niche Store Kelvin and Adam are Morons. It looks like they are taking their own stupidity right to the bank! That’s right, the official BANS – or “Build a Niche Store” is for sale on flippa.com for $200,000 starting bid, OR “Buy it Now” for $500,000! Honestly – someone ought to grab that up ASAP! The site (as dead as BANS is) STILL makes $10,000 per month. To anyone with a decent development team and marketing skills – this is a literally HUGE opportunity!
Like I said in my last post – I never really understood why Kelvin and Adam never did more with BANS. Why they never built more featured, expanded on the platform, never created an API, never partnered with anyone, never added tools to manage content or media, never created direct hooks into WordPress, and what I call the “river of lost opportunity” just runs on and on and on.
Maybe they have enough FU money to not have to worry about it, maybe they just weren’t smart enough to take it to the next level, or maybe they just don’t care. At least they were smart enough to figure out that what they DO have is still (at the present time) worth some money – and they should cash out while they still can.
Do you have the money to take advantage of this HUGE opportunity? I sure wish I did – because in the right hands, that product is just a GOLDMINE waiting to happen…view the Build a Niche Store auction, it will end Oct 15th, 2009.
I only wish I had the money to buy the whole BANS product and affiliate projects they’ve got going on. Like you said, this could be taken so much further. But how many people like you or myself have this kind of money laying around to plunk down on something like this. They’re having an auction for cripes sakes. Which means you’ve got to have the money fairly quick. Just like they screwed up by not taking full advantage of the entire BANS idea, I think they screwed up my having an auction. If they had simply put it up for sale they probably could have done much better. Would have given people time to actually get financial backing from interested parties. Or even maybe get a group of 10 or so people to put up some money and buy it together.
Oh well…
Wish I had that kind of money to snap it up..
.-= liz @ Ideas For Self Employment´s last blog ..Free Home Employment =-.
I’m not surprised to be honest. This is another proof that the spirit and interest died. Now the only wants to make a few bucks off it and have enough money to continue to do, what they think, are fun things.
Personally I can understand them even though it must be frustrating for their consumers.
.-= Stefan´s last blog ..How to Automatically Back Up Your Computer =-.
Bill F @ i am much concern with you.
Can’t wait until I have the resources to act on advice like that?
Do you have any tips on how to sell domains you have created by the way?
.-= Bill´s last blog ..Joanas Leveling Guide =-.
My advice would be to really build up value. Build a community. Gain Authority. Solve Problems. Be needed.