How to buy website that makes money? (Ride the AI hype with it!)
Buy website to make money and generate more cashflow.
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Today's video is another website assessment and I'm focusing on AI. I know some of you have been asking for it, so here it is! In this video, I'll be reviewing an AI project on Microns marketplace.
MikeAI is fitness planning tool that allows you to create workout and meal plans. They have 500 customers launched only this year and are asking for $7,500 with an annual revenue of $3,150.
In this video, I'll go over the details and revenue metrics, discuss their target audience and growth opportunities, and evaluate whether this is a good investment.
Some key points to note:
The target audience is fitness enthusiasts
They produce workout plans and fitness assessments
They have $50 in monthly recurring revenue (MRR), $100 in one time purchases, and a $3,000 B2B licensing deal
90% of their ARR is from one major client, so there's some risk involved
There are growth opportunities with integrating GPT4 for custom meal plans and promoting the product on fitness subreddits
If you already have a fitness website, this could be a great tool to merge with your existing site
They use Next JS, Tailwind CSS, and Super Base
The reason for selling is the time commitment for another project, but it's important to understand if there's any conflict of interest
Only $20/month in expenses
Traffic metrics show 1,500-1,800 visitors per month
They provide one month of post-sale support
Overall, it's a good start, but the major risk is relying on one client for the majority of their revenue. As always, it's important to do your due diligence and evaluate whether this is a good investment for you.
Don't forget to subscribe to my channel for more weekly assessments and check out the details in the video!
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Want to buy your first online business?
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Timecodes:
0:00 - Intro
0:52 - Website Assessment
7:10- Closing