Flippa scam of the week #4
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.
Posted from my blog with SteemPress : http://www.softwaresamurai.org/2019/06/30/flippa-scam-of-the-week-4/