Comments on: Get your checkbook out – HeyAmigo.net is going on eBay

By: Dave Marshall

Dave Marshall — Wed, 28 Jan 2009 13:26:07 +0000

I suspected there wouldn’t be much success on ebay with a minimum bid so high.

I personally thought the valuation was high anyway (I like to work on 12 months revenue as a rough guide), if the minimum bid had been a lot lower, maybe their would have been more buzz about it.

By: Walt

Walt — Tue, 27 Jan 2009 19:58:24 +0000

Auction is closed without a single bid.

OK Ryan, we’re going to need a follow-up on this one.

By: How to buy a web app - CreativeChunk.com

How to buy a web app - CreativeChunk.com — Sun, 25 Jan 2009 14:06:23 +0000

[...] So, don’t take our word for it, head to the Carsonified post to read more into it. [...]

By: Marcin

Marcin — Sun, 25 Jan 2009 13:15:09 +0000

I don’t really think that this webapp, with almost no traffic and no revenue whatsoever could sell at the price range you’re expecting. It has had no momentum for too long to be attractive at this point.

By: Andrew

Andrew — Tue, 20 Jan 2009 19:05:00 +0000

It’s live on ebay! don’t all rush at once, ebay might crash

By: Neil Thomas

Neil Thomas — Mon, 19 Jan 2009 20:51:44 +0000

@ Ryan – I was showing the different ways of writing chequebook, which you were right. :)

Color – Colour
Organization – Organisation
Checkbook – Chequebook

Same same. :)

By: Gene

Gene — Mon, 19 Jan 2009 19:11:52 +0000

I know you’ve been living in England for a while, but did you forget what was going down Tuesday the 20th here in the states?

That little event might hamper your coverage…

By: Matt

Matt — Mon, 19 Jan 2009 16:55:19 +0000

@Ryan – But you’re in good old Bath ;)

Only messing lol

By: Jeff

Jeff — Mon, 19 Jan 2009 14:16:37 +0000

Will you fix the CSS bugs (IE) before handing the code over? The SSL is also giving an error; https://myaccount.heyamigo.net/register/

Cheers
Jeff

By: Carsonified » Blog Archive » HeyAmigo.net eBay Auction Starting Tomorrow

Mon, 19 Jan 2009 10:21:03 +0000

[...] Just a quick reminder that the auction for Amigo is going live tomorrow (Tuesday). For all the details, please read my previous post. [...]

By: Ryan

Ryan — Mon, 19 Jan 2009 10:05:40 +0000

@Neil and Matt – Don’t forget I’m American! :)

By: Neil Thomas

Neil Thomas — Mon, 19 Jan 2009 01:21:12 +0000

http://www.thefreedictionary.com/chequebook LOL at you.

By: Matt

Matt — Sat, 17 Jan 2009 22:59:15 +0000

Ryan, Surely you mean Chequebook?

Good luck though guys.

By: How to buy a web app | Chunk

How to buy a web app | Chunk — Sat, 17 Jan 2009 22:51:59 +0000

[...] So, don’t take our word for it, head to the Carsonified post to read more into it. Amigo, Auction, Carsonified, eBay, Web apps [...]

By: Ivan Trajkovic

Ivan Trajkovic — Thu, 15 Jan 2009 10:54:05 +0000

Aggregated by EuropeanStartups!

By: Steven Lambert

Steven Lambert — Thu, 15 Jan 2009 10:31:15 +0000

Very interested to see that your see that your selling Hey Amigo, looks a good app, i also think that your right in that it would take a consistent and high level effort to maintain and build.

Having recently read your blog on selling Dropsend, you noted on that through blogging about the sale you may of put off some potential buyers, but may have attracted new ones.

I am curious as to your thinking as to the posting about this sale, is it that through ebay you are doing a different sale environment so this would be less applicable ?

Either way, its good to actually read about a company that tells you all their experiences, most refreshing.

Steve

By: Michael

Michael — Thu, 15 Jan 2009 10:11:36 +0000

You can still sign up for heyamigo, create ads. I was even asked for my payment details while poking around. How is this closed? (not trying to be snarky)

By: Ryan

Ryan — Thu, 15 Jan 2009 09:45:18 +0000

@Neil Thomas – thanks for the kind words

By: Why I’m not working for 2009-01-05 / 2009-01-15 | CISNKY

Why I’m not working for 2009-01-05 / 2009-01-15 | CISNKY — Thu, 15 Jan 2009 09:08:12 +0000

[...] Get your checkbook out – HeyAmigo.net is going on eBayHey Amigo the application that was blogged while being built is for sale. Could Ryan have stumbled upon a new business model. Hey we can all build a web app, but do we have the necessary skills or time to run one. [...]

By: Peter Cooper

Peter Cooper — Thu, 15 Jan 2009 01:03:48 +0000

Google “sort of” started doing PPC advertising in e-mail as of last week, see http://www.problogger.net/archives/2009/01/15/adsense-for-feeds-ads-showing-in-feedburner-email-updates/ – It is somewhat bound to feed delivery, however, and very early days!

By: Neil Thomas

Neil Thomas — Thu, 15 Jan 2009 00:45:59 +0000

@Adrian – When you consider there’s around 1.5 Billion internet users on this planet then obviously you’re going to get a lot of people clicking the adverts.

Adverts are there to attract certain types of people. As you saw in Ryan’s tutorial, the email was sent from a Basketball website with Basketball Advertising content on it. It is relevant to the user as he likes basketball, otherwise he wouldn’t have registered on the Basketball-Gear website etc.

I believe it’s the responsibility of the Newsletter Owner to state in the TOS on his/her own website that advertisements will be included in the Newsletters.

@Dave – I think the price tag reflects the time and effort that has gone into creating the app. Amigo is venture with big pottential. The web is full of exciting new apps, and this is one of them. Look at Twitter, it was quiet and almost empty during its first year…then last year it grew and it’s number of users went up 700+ %!

@Ryan – Good luck with the sale!

By: Adrian

Adrian — Wed, 14 Jan 2009 22:49:59 +0000

Not to be a troll, but this site sells advertising on email newsletters to third parties… If a company sent me a marketing email with an advert from someone else on it, I would never buy a thing from that company again as it would be a breach of the trust I put in them to send me *their* marketing materials.

By: Ryan

Ryan — Wed, 14 Jan 2009 15:07:40 +0000

@Dave

Basically it’s the minimum amount of money I’d be willing to let it go for. As Amigo doesn’t have any revenue figures to use for determining the price, it was always going to be a guess.

I know that someone can buy it at a reasonable price and make serious money with it. They just need to invest the time and effort.

I’ve been proven right because we’ve already gotten two offers at $25K.

By: Dave Marshall

Dave Marshall — Wed, 14 Jan 2009 14:28:13 +0000

Can I ask how you came to the $25000 valuation?

By: Darren Ferguson

Darren Ferguson — Wed, 14 Jan 2009 12:27:29 +0000

@Ryan – Fair point. Wish you all the best in securing a deal that suits.

@Adrian – Guess I view webapps from a more emotionally detached view point ;)

By: Ryan

Ryan — Wed, 14 Jan 2009 12:11:46 +0000

@Darren – Because you can’t just snap your fingers and hire someone to manage it. It would take weeks of hard work (plus money) to find the right person. That time, money and effort is what we’re not willing to invest in.

By: Adrian (vzaar)

Adrian (vzaar) — Wed, 14 Jan 2009 12:07:07 +0000

@Darren,

Running a web app is more than just admin. You need to be constantly moving it forward, changing it, supporting it.

I think pure admin alone isn’t enough to keep a good web app alive, vibrant and relevant. It needs love and more importantly attention and focus.

@Ryan, Good luck. This is going to be a great auction to follow.

By: David Haywood Smith

David Haywood Smith — Wed, 14 Jan 2009 12:04:34 +0000

Watching with interest – best of luck!

By: Darren Ferguson

Darren Ferguson — Wed, 14 Jan 2009 12:02:15 +0000

Obvious question, but if the app has the potential to make money then why not hire someone to do the admin?

By: James Deer

James Deer — Wed, 14 Jan 2009 11:47:36 +0000

Best of luck with the sale Ryan! I followed barenakedapp from the beginning!

It’s a shame you have to sell the app, but I guess it will fair much better with a company who has the time and money to put into it!

James
http://www.jamesdeerdesign.com