Flippa
FOR SALE
Business Name

Rich Mentors

Business Model
SaaS
Industry
Lifestyle

$15,000

Asking Price
Multiple 600.0x
Millionaire / Wealthy Dating Website. Included are nearly 12,000 members, an app, graphics, RichMentors.com and RichMentor.com, branding & more.
This business owner has manually entered their financials
This business owner has connected their site traffic with Google Analytics

Facts and Figures

Location
United States
Date of Founding
2018
Full-Time Staff
Owner Operated
Annual Revenue
$75
Annual Expenses
$50
Annual Net Profit
$25
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Recent Performance

Month June 2019 July 2019 August 2019
Pageviews 14,332 11,717 0
Users 2,386 2,012 0

Note: Traffic data was provided on 01 August 2019. Enquire for more recent data.

Business Description

This is a dating website that is an alternative to current (popular) Sugar Daddy / Arrangement Dating Websites. This is because our website emphasizes genuine connections and is not based on people being "paid" or receiving an "allowance" for nothing.

This makes our website, or the idea behind it, one that targets beautiful women who do not necessarily want to feel that they are "for sale", but are just looking for someone successful to date and look up to.

How does your business make money?

Tried making it free initially, had a spam problem, put up a paywall. Eliminated the spam, haven't had time to monetize. It would take running ads on MGID like Anastasia Date, a PR campaign (we have a list of many article authors who have written about Sugar Daddy or Arrangement websites you could reach out to), or an Instagram Influencer campaign. I haven't had time to take action on this. However, we do have 11,469 real user accounts registered. A good degree may be spam, but we have limited now the spam with a pay wall.

To be honest, we have had many registrations from 3rd world countries. This could be ok for "female" members, but male members need to be targeted in 1st world countries. We also were able to register models from Europe on Facebook for roughly $2 per user using "messenger" target ads.

Why should someone buy this business?

Someone who wants an excellent brand name (I spent $xxxx on the domains RichMentors.com and RichMentor.com - both are included), and someone who wants a great opportunity.

The Sugar Daddy / Sugar Baby names have become "huge" in society. However, there is some controversy around them as some equate it to "pay for play".

Rich Mentors & Sexy Students are "new" / similar distinctions that can be used, would be catchy for news articles, and would also fit into the "modern times" with the #MeToo movement and such. This means women can still get guidance and mentorship while dating, which many join "sugar daddy" sites for, but without the messy "payment" aspect of "sugar daddy" / "arrangement" sites.

This niche is a HUGE niche in dating, and ready for innovation!

How can the future owner improve this business?

I haven't had time to optimize the app. The app can be updated by the software developer for free on Android and they have said that hopefully it will fix a problem many (but not all) Android users have mentioned which is that some with older phones (mainly in 3rd world countries) couldn't upload a photo. 80% do not have this problem. But, this will fix the problem for the 20%.

In addition, there was something that happened with Apple and iOS. They eliminated all "millionaire dating" apps from their marketplace.We were getting xxx registrations a day from VERY beautiful women and some successful men, who even became paying members.

A "fix" for this is to do what Millionaire Match did. They had a company in India (by the way, you don't maybe need to have a company in India do this) develop an app called simply MM. Instead of "Millionaire Dating" on the App Store for iOS they call it "upscale dating" and its approved.

Why are you selling this business?

I basically don't have time to devote to this and also have a relationship now, and it's sort of not as big of a priority for me. In my life previously, I was all about dating "the most beautiful women in the world". I have dated some, been on other websites like these for years. I found many of the beautiful women, which outnumber the men 10-20 to 1 on those other popular websites, didn't want actually to be a "sugar baby" or get paid like someone who is for sale, but they just wanted a leader to date and someone to look up to. This is what I found talking off and on to xxxx women over 10+ years on these other websites. So, that's why I created this website. As an alternative to those other websites. Something which is based on genuine connections. It is a huge business opportunity for someone who can take it and run with it in many ways. It can be a very huge success.

Business Strengths

  • Key Words Ranking
  • Evergreen Niche
  • Large Customer Database
  • Scalable Business Model
  • Overall Market Size

Opportunities for a new owner

  • Improve Current Marketing Efforts
  • Develop New Features

Marketing

  • Affiliate Marketing
  • Influencer Marketing
  • Instagram Advertising

Assets

  • Brand assets
  • Custom technology
  • Customer databases
  • Domains
  • Social media accounts

Social Media

Facebook
71 followers

Post sale support

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

Included

About the Seller

Nicholas U

Verified Account

United States

Business owner operating online companies for 15 years. Have experience in many industries and have generated 7 figures in revenue and profit in very brief periods of time in the past.

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