Opensourcefood Sold - Best Blogs Asia
Opensourcefood is now sadly sold on, here’s some of my comments.
I’ve been a long time fan of Yongfook and his Opensourcefood website for a while, I even bought a site off of him and have a few comments to make.
Opensourcefood Site
It’s a site where users can submit, tag and take photos of recipes. To date there are over 2000 recipes (and growing) on OSF, each with a picture, all created by the community.
As you can see from the graphs below it’s a popular site:
Opensourcefood Sold ;(
I guess the time comes when someone offers you enough money to prise a favourite site out of your hands. I really thought Yongfook would of kept the site though as his passion is food and the site was run more as a hobby and less for financial gain.
Source of Income
Since 2008 I’ve learnt that creating sites can be fun, but there needs to be some benefit at the end of the day. I saw he implemented Amazon type adverts, selling cooking products and then finally Google Adsense. Google Adsense is a beast and at times a pain, you can be sending many clicks to your competitors for only a few cents.
Cubestat rates it as making $50+ a day from Adsense. It’ll be interesting what source of income the new owner uses for the site.
He made no mention of how much he sold it for, I bet it was quite a bit since the investor is high profile and probably made him an offer. I’d personally price it at $80,000 which may be considered on the low side but the amount of revenue gained from the site is minimal and the competition is huge. The price would be mainly for the coding, the cool sounding url (which I see is now re-directed) and user fan base.
Although my thinking is users may be put off that this isn’t a Yongfook site anymore, the url has changed to something less memorable and that their contact details have been sold on.
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