Okay, this week I have some good news to all of y’all.
Flippa has re-enabled the public comments section on the auctions for apps.
And what do y9ou know, I have nothing to report which would be an absolute scam for Android apps.
As a matter of fact, this week seems to have some viable high-ticket items, like
This set of online games has a monthly income of $1500,- however the minimum starting price is set at $35k,- and you can buy the lot for a staggering $100k,-
While I will not go into analysing the viability to earn your money back with these numbers, there is a definite potential to grow the monthly revenue. My rough guideline though is to never spend more than 15 – 20 times monthly income on an app or a set of apps.
The main reason is that if everything remains static wrt the income, there are so many things which may change over a two year period to recoup the investment, that you run the risk of losing a large chunk of your income simply through policy changes of Google, Facebook, or Apple to none of your fault.
Also the competition is high within these types of income producing apps such that you will have to fend them off through either ad-spending or some other social media marketing scheme, which will quickly eat into your profit margin.
Finally, $35k is a lot of money for most people and losing this much on a would certainly make for a dim looking few months.
This weeks scam of the week is for a game. Granted I am not as familiar in the gaming section as in other categories but I see a stinking bad deal when I see one.
One of the really frustrating things is that I can’t comment on the listing to earn people to not lose their shirt on this garbage. That’s why I use this blog.
What’s more is that flippa again increases the visibility by giving this listing and “Editors Choice” stamp of approval. Really … Well let’s see
Miss unlike the name, this seller is certainly no one’s friends. Let’s direct the offer shall we.
1000 downloads with $100,- spent on AdWords to get downloads. The income from this game is supposedly $788,- per month if you believe it.
Since there is no proof of income we have to take the seller at his wired and believe these are actually real numbers. It would be great if it would be that easy to earn money. But then why in the world would the seller sell this income producing app with a reserve of $1,- ?
The answer is quite simple
- The game is crap. Why else would you only put 3 screenshots up and repeat the same screenshots multiple times
- To gain 1000+ installs cost $101,– to acquire. That also points to the fact that there is no traction … Because #1
- The revenue is fake, unless it is provided in monopoly dollars in which case it may be closer to reality.
Unfortunately the game is currently standing at $355,- with 47 bids and there are 5 days left. That means that there are a few people actually falling for this scam.
To be worth $355,- the game would have to generate around $15,- per month which it will never get unless you spend 100s of dollars in advertising each week.
Again flippa is a great site to find passive income generating apps. However you have to be careful to not dual for the obvious scam and have to spend your investments wisely.
Update June 26 2019 : Someone actually paid $1500,- for it as a Buy It Now – option.