Flippa
FOR SALE
Business Name

Wordeys

Business Model
SaaS
Industry
Education

$3,500

Asking Price
Google Translate gets over 775 million searches per month. Wordeys' Chrome extension lets you save your translations and learn them in a click with flashcards or a spelling test.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
Netherlands
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$200
Annual Expenses
$400
Annual Net Profit
-$200
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month April 2019 May 2019 June 2019
Revenue $15 $15 $15
Expenses $30 $30 $30
Net Profit -$15 -$15 -$15
Month May 2019 June 2019 July 2019
Pageviews 9,367 4,808 2,010
Users 790 443 207

Note: Traffic data was provided on 14 July 2019. Enquire for more recent data.

Business Description

Users = 3634
MAU = 18%
Lists created = 5139
Words saved = 75502
Extension downloads = 727

The Google Analytics integration below missed the bounce rate and average session duration:

Bounce rate = 45.31%
Average session duration = 8m 23s

Introduction video: https://www.youtube.com/watch?v=FU_eZV_haKY

See a full product walkthrough here: https://medium.com/@pierstein/welcome-to-wordeys-cdfc969a721a

Next steps could be a profession or topic focused language learning market place. E.g. 'Learn 80 Marketing Terms In Chinese from YouTuber John Doe'

Chrome extension: https://chrome.google.com/webstore/detail/learn-languages-with-goog/hejgopgfimfpdedmfcnadpjidnpfjekl

How does your business make money?

Storage. Pay $X,- per month if you have 500+ words saved.

We didn't get to switch from our current model to the storage one, it's one of the first things you could do.

Or with a few tweaks, you could create a language learning marketplace and take a % of the payments of the courses sold.

Why should someone buy this business?

If you're excited about scaling a software product with a good name and logo in a huge international market, this could be your chance.

How can the future owner improve this business?

  • Make the testing games more fun
  • Marketing! (I never had the resources to market it)
  • Add storage revenue model
  • Let creators put their lists into folders and add explanation videos to create courses they can sell on a Wordeys marketplace.

Why are you selling this business?

I just don't have the time, team and resources anymore to keep working on it.

Business Strengths

  • Scalable Business Model
  • Overall Market Size

Opportunities for a new owner

  • Launch New Products
  • Improve Current Marketing Efforts
  • Introduce Further Revenue Streams

Key day-to-day operations

  • Design & Production
  • Launching New Products
  • Programming / Development
  • Content marketing

Marketing

  • Google Adwords
  • SEO
  • Word of Mouth

Assets

  • Brand assets
  • Domains

Social Media

Facebook
200 followers
Twitter
0 followers
Instagram
0 followers

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Not Included

About the Seller

Pier Stein

Netherlands

Feel free to check my LinkedIn to get to know who I am! https://www.linkedin.com/in/pierstein/

Contact