5 ms·

Show HN: I am selling real estate CRM software on eBay

14 points by zeeshanm 12y ago

chandrew 12y ago
How many users does Spollow have?
- zeeshanm 12y ago
  Founder here. We have seventy one buyers and one agent. However, we are not selling user data but software.
  - mbesto 12y ago
    Sorry to break the truth to you - but this line of thinking is a bit naïve. Software (and software companies) has commercial value ($$) for one of two reasons: customers or IP. Since you don't have customers, and you don't have anything that appears to be patentable, it's going to be near impossible to sell this for more than $1.
    - zeeshanm 12y ago
      We cannot give away customer data as it is owned by realtors on our platform.
      - nemesis1637 12y ago
        The realtors on your platform are your customers (and that's what provides value to a potential buyer). The contacts they have are their customers (and worthless to a potential buyer).
    - ericd 12y ago
      That's overly simplistic. It's worth a lot more than $1, but unless someone wants to make a product out of it, the full source/server is probably not worth more than they'd pay for a copy of the software, and is arguably worth less, due to the maintenance burden. Right now its value is in its potential for an aspiring product company. Unfortunately, without any customers at all, that's extremely hard to gauge, so it will require a steep discount. I'd probably pay at least a few thousand for it.
asanwal 12y ago
What are revenues? MRR/ARR?
- zeeshanm 12y ago
  We don't have revenue.
  - asanwal 12y ago
    Ok. What makes it worth $50k? Know someone in this space but it's not clear what they'd actually get of value.
    - zeeshanm 12y ago
      Well, I am not a securities analyst so I don't have a concrete answer. The starting bid was priced based on how much work was put into building the software.
      - ericd 12y ago
        Unfortunately, it's not likely worth that much to a buyer - if someone had you do 50k worth of work, they would have gotten something custom-tailored to their needs. By building this for yourself, you were trading that guaranteed income for the potential of this making much more than that if it caught on in the market. Whether it could possibly do that is an unanswered question ATM. That said, good luck, I hope someone makes your day!
zeeshanm 12y ago
I see it's on the front page. Spollow was one of the ideas that we worked on. We currently don't have bandwidth to give the time commitment it deserves to continue with it. Hence, we are selling it on eBay to recover for expenses.
striking 12y ago
Why spend $50k to build something you can't follow through to completion? If there isn't enough intrinsic value for you to set it up as a real service yourself, what makes you think people will buy it? (Honest, not rhetorical questions. The Internet can mangle your tone.)
- zeeshanm 12y ago
  Spollow was one of the ideas we incubated. Our other project has gained significant traction with over 5m pageviews and 1,000 registered users in about a week. So we want to focus on this only going forward due to resource constraints. And selling Spollow will create more runway for us... BTW, we did not spend $50k :) By expenses I meant actual time spent on building the software.

14 points by zeeshanm 12y ago

chandrew 12y ago

How many users does Spollow have?

zeeshanm 12y ago
Founder here. We have seventy one buyers and one agent. However, we are not selling user data but software.
- mbesto 12y ago
  Sorry to break the truth to you - but this line of thinking is a bit naïve. Software (and software companies) has commercial value ($$) for one of two reasons: customers or IP. Since you don't have customers, and you don't have anything that appears to be patentable, it's going to be near impossible to sell this for more than $1.
  - zeeshanm 12y ago
    We cannot give away customer data as it is owned by realtors on our platform.
    - nemesis1637 12y ago
      The realtors on your platform are your customers (and that's what provides value to a potential buyer). The contacts they have are their customers (and worthless to a potential buyer).
  - ericd 12y ago
    That's overly simplistic. It's worth a lot more than $1, but unless someone wants to make a product out of it, the full source/server is probably not worth more than they'd pay for a copy of the software, and is arguably worth less, due to the maintenance burden. Right now its value is in its potential for an aspiring product company. Unfortunately, without any customers at all, that's extremely hard to gauge, so it will require a steep discount. I'd probably pay at least a few thousand for it.

asanwal 12y ago

What are revenues? MRR/ARR?

zeeshanm 12y ago
We don't have revenue.
- asanwal 12y ago
  Ok. What makes it worth $50k? Know someone in this space but it's not clear what they'd actually get of value.
  - zeeshanm 12y ago
    Well, I am not a securities analyst so I don't have a concrete answer. The starting bid was priced based on how much work was put into building the software.
    - ericd 12y ago
      Unfortunately, it's not likely worth that much to a buyer - if someone had you do 50k worth of work, they would have gotten something custom-tailored to their needs. By building this for yourself, you were trading that guaranteed income for the potential of this making much more than that if it caught on in the market. Whether it could possibly do that is an unanswered question ATM. That said, good luck, I hope someone makes your day!

zeeshanm 12y ago

I see it's on the front page. Spollow was one of the ideas that we worked on. We currently don't have bandwidth to give the time commitment it deserves to continue with it. Hence, we are selling it on eBay to recover for expenses.

striking 12y ago

Why spend $50k to build something you can't follow through to completion? If there isn't enough intrinsic value for you to set it up as a real service yourself, what makes you think people will buy it? (Honest, not rhetorical questions. The Internet can mangle your tone.)

zeeshanm 12y ago
Spollow was one of the ideas we incubated. Our other project has gained significant traction with over 5m pageviews and 1,000 registered users in about a week. So we want to focus on this only going forward due to resource constraints. And selling Spollow will create more runway for us... BTW, we did not spend $50k :) By expenses I meant actual time spent on building the software.