In Reply to: RE: You don't say? posted by Dan_ed on January 31, 2012 at 04:43:17:
On average, it appears that Agon gets about 200 new classified ads per day. Even if you discount the fact that they have a number of dealers that get special bulk pricing and whatnot, one could still assume that just the listing fee on 150 per day amounts to $600 per day. If 25% of the items sell with a $10 transaction fee, that's another $375 per day. Let's call it $1,000 per day or $30K/month.
Costs are no more than $3K/month for infrastructure. But you also have the Agon dealers/stores and auctions plus advertisers that more than cover those costs.
It strikes me that it could easily be run as a 2 person operation, 3 max, so unless there some investor siphoning off a big chunk of the profits, I'd say they're making plenty of money. Not that Agon is any internet giant money maker, but it's surely capable of providing a nice living for a few folks.
-Rod
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Follow Ups
- They AREN'T making money??? You sure? - Rod M 07:56:31 01/31/12 (4)
- RE: They AREN'T making money??? You sure? - Ed Sawyer 10:50:53 02/03/12 (0)
- RE: They AREN'T making money??? You sure? - Dan_ed 11:33:39 01/31/12 (1)
- "figured out what a database is" - that's the thing... looks like he didn't. - carcass93 12:54:46 01/31/12 (0)
- RE: They AREN'T making money??? You sure? - Jsawyer09 08:49:26 01/31/12 (0)