Flippa scam of the week #1

I have been using flippa for a while now and the platform had some great things going for a while.

However lately there are a lot of scammers on the platform and the reason for this is that flippa removed the ability to comment on listings.

Take for example this listing for an Android app. It is marked as a “Premium public Auction” and is promoted as “Editors Choice”

WTF Flippa, really ?

FRAUD ALLERT: Galaxy

Flippa scam of the week: Galaxy

Galaxy

https://flippa.com/10205517-galaxy

According to the listing it generated around $650 profit per month with AdMob alone. Now why is this an obvious scam ? It’s because the app has a total installation count of 1000-5000.

To earn that much money with a single app you will need aground 3 million impressions and around 15000 clicks.

Let’s look at the math here. Let’s say they have an installation count of 3000, and an uninstall count of about 2000, that leaves them with around 1000 active users ( although this number is likely too high )

With this amount of users you would have to serve around 3000 ads to each users device per month. This pans out to about 100 ads a day per user if the user would open the app every day.

The current price is around $715,- and the buy-it-now price is $1500,-. So why would you sell an app for the amount of money you can create within a short 3 months if you hold on to it ?

Even at is current price of $715,- the app is well overpriced for a 2 month old app with 1000+ downloads and no proof of income aside from the manually entered text. I would not pay more than $50,- and would likely need two full years to get a return on my investment.

Yes, I think this app may be earning around $2,- per month with AdMob. But then it may be less.

Now if I could, I would ask in the comments for some proof, and ask how many ads per month and user he serves, however flippa had gone fully to the dark side in order to increases sales.

Please be careful when you go and deal on flippa. While there are a few good opportunities per month to be found, the overwhelming majority of Android apps on flippa are either low grade or outright scams.

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