I found out today that GingerAsia.com which is to some extent a competitor of Admart.Asia is up for sale. I took a closer look at their website today to see if there was any part of their business worthwhile buying or collaborating with them.
Like Admart.Asia, GingerAsia offer classified ads, property, cars, jobs and dating, along with a few other categories that Admart.Asia does not have. Their website differs from ours in that they seem to have a model of creating and placing content on the home page. Also their home-page is very filled with information. Some people might say its "cluttered" although some people might well find the format interesting. So, I quicky decided not to make any offer to buy the website.
The advertisment for sale from GingerAsia also gives us a chance to assess some details of a competitors business that we did not previously know. Interestingly, GingerAsia state they have 8500 members. Admart has many more members, which is encouraging for us. They also state that their site could be expanded to cover China, Vietnam, Bali/Indonesia, Philippines, Australia, Japan, Taiwan and Korea. Right now they cover Thailand, Hong Kong and Malaysia. Whereas we took the approach when we launched Admart of immediately covering all countries in Asia. We viewed Admart to be like Craigslist, but for the Asia region, and our aim was to build a site immediately scalable to a worldwide level.
Either way, we wish the best of luck to the new buyer of the GingerAsia classifieds website. Below is their actual notice offering their business for sale:
GingerAsia.com - this pan-Asian web-based business is for sale: it has a proven franchise model with individual franchises selling for up to 2.5m Thai baht (75,000 USD) plus profit share, as well as a past track-record of sales revenue success even in difficult market conditions.? ?
A rare opportunity has arisen to purchase a share or outright ownership of the established GingerAsia web-based business with a pan-Asian business model that can easily be extended to a global marketplace. GingerAsia was developed as a world-class online lifestyle portal over a period of more than two years with significant financial, technical, creative and business investments. Each franchisee website provides hard-to-find insider information on living in, working in and visiting different destinations within Asia.
In addition, readers can browse a rich database of relevant classified ads and source services such as medical care or car hire, all of which have revenue generation opportunities.? ?The fully-built and stable content management and administrative system allows local websites to be launched and operated easily in any country, region or city and the person running them can select and upload any type of content they wish. Signed-up members, who already total around 8,500 after 24 months of live operation, can place classified ads for anything from jobs to dating to sale of property or home appliances.
The result is a comprehensive combination of insider information, local guides and classified ads all pertaining to each location and all presented through a sophisticated user interface, with multiple revenue opportunities.? ?A significant investment was made in developing and proving the technical platform – all based on current internet standards – which allows for automation throughout, with advanced searching and even dedicated member areas and forums. The administrator can manage the whole business from anywhere using an intuitive, custom-built administrator’s control panel.
After 2 years of continuous successful operation, daily maintenance is minimal – freeing up time and focus for marketing, sales and addition of new creative content.? ?Local franchises have been sold for Thailand, Hong Kong & Macao and Malaysia but for various reasons have not been fully realised. Singapore is another fully built-up site that is immediately ready for a buyer. Markets like China, Vietnam, Bali/Indonesia, Philippines, Australia, Japan, Taiwan and Korea are yet to be exploited.?
Revenue for the business comes from upfront franchise sales and then a royalty on all revenue from advertising and other commissions from each location. The current owner of the site was able to build up an average of 100,000 Thai baht (3,100 USD) per month in sales revenue in a single territory alone at the peak of the financial crisis, prior to selling that franchise, demonstrating the strength of the business model, even before the website was well-known.? ?This is an ideal opportunity for someone who would like to run an international business online, with minimal effort and who wants to acquire a ready-made business already well-known across Asia. There is virtually unlimited capacity for content and advertising in a system that took more than two years to develop and which has received significant financial investment.? ?
The business is now unexpectedly for sale since the owner has pressing commitments with a rapidly-developing new business venture. The owner has already recouped part of the original investment through successful sales so is willing to sell the business at a modest level to ensure a quick transaction. The owner now simply does not have the time to commit to building the business, managing the franchisees or building up content or advertising on any of the sites pending new franchisees.
The websites have just recently had a complete technical and aesthetic update to reflect current online style and make them more web 2.0. Appearance, technical function and speed were all improved by a professional development team so the result is a completely up-to-date and robust technical platform ready for a new owner to take over.
GingerAsia is a genuine business opportunity for someone looking for an established business already well-known as an online brand in many countries in Asia. It has been created to require very little technical ability on the part of the owner and successfully taking it to the next level requires only time and some modest general business and marketing skills. The high degree of automation allows the business to be run by an individual or partners and any extra resources can be focused on sales and promotional efforts.
Enquiries are invited from serious parties to take over a share or the whole of the business. The present owner is prepared to manage a transition period to assist a new owner (or owners) in familiarising themselves with the business or to work on a consultative basis as a partner should he retain a stake in the overall business. The price for a share or the whole of the business is negotiable depending upon the level of support required from the present owner and he is open to all reasonable offers.
This unique opportunity is available immediately but in the first instance, please express your interest by emailing franchising@gingerasia.com with your details within the next 14 days. All enquiries will be treated in the strictest confidence
A rare opportunity has arisen to purchase a share or outright ownership of the established GingerAsia web-based business with a pan-Asian business model that can easily be extended to a global marketplace. GingerAsia was developed as a world-class online lifestyle portal over a period of more than two years with significant financial, technical, creative and business investments. Each franchisee website provides hard-to-find insider information on living in, working in and visiting different destinations within Asia.
In addition, readers can browse a rich database of relevant classified ads and source services such as medical care or car hire, all of which have revenue generation opportunities.? ?The fully-built and stable content management and administrative system allows local websites to be launched and operated easily in any country, region or city and the person running them can select and upload any type of content they wish. Signed-up members, who already total around 8,500 after 24 months of live operation, can place classified ads for anything from jobs to dating to sale of property or home appliances.
The result is a comprehensive combination of insider information, local guides and classified ads all pertaining to each location and all presented through a sophisticated user interface, with multiple revenue opportunities.? ?A significant investment was made in developing and proving the technical platform – all based on current internet standards – which allows for automation throughout, with advanced searching and even dedicated member areas and forums. The administrator can manage the whole business from anywhere using an intuitive, custom-built administrator’s control panel.
After 2 years of continuous successful operation, daily maintenance is minimal – freeing up time and focus for marketing, sales and addition of new creative content.? ?Local franchises have been sold for Thailand, Hong Kong & Macao and Malaysia but for various reasons have not been fully realised. Singapore is another fully built-up site that is immediately ready for a buyer. Markets like China, Vietnam, Bali/Indonesia, Philippines, Australia, Japan, Taiwan and Korea are yet to be exploited.?
Revenue for the business comes from upfront franchise sales and then a royalty on all revenue from advertising and other commissions from each location. The current owner of the site was able to build up an average of 100,000 Thai baht (3,100 USD) per month in sales revenue in a single territory alone at the peak of the financial crisis, prior to selling that franchise, demonstrating the strength of the business model, even before the website was well-known.? ?This is an ideal opportunity for someone who would like to run an international business online, with minimal effort and who wants to acquire a ready-made business already well-known across Asia. There is virtually unlimited capacity for content and advertising in a system that took more than two years to develop and which has received significant financial investment.? ?
The business is now unexpectedly for sale since the owner has pressing commitments with a rapidly-developing new business venture. The owner has already recouped part of the original investment through successful sales so is willing to sell the business at a modest level to ensure a quick transaction. The owner now simply does not have the time to commit to building the business, managing the franchisees or building up content or advertising on any of the sites pending new franchisees.
The websites have just recently had a complete technical and aesthetic update to reflect current online style and make them more web 2.0. Appearance, technical function and speed were all improved by a professional development team so the result is a completely up-to-date and robust technical platform ready for a new owner to take over.
GingerAsia is a genuine business opportunity for someone looking for an established business already well-known as an online brand in many countries in Asia. It has been created to require very little technical ability on the part of the owner and successfully taking it to the next level requires only time and some modest general business and marketing skills. The high degree of automation allows the business to be run by an individual or partners and any extra resources can be focused on sales and promotional efforts.
Enquiries are invited from serious parties to take over a share or the whole of the business. The present owner is prepared to manage a transition period to assist a new owner (or owners) in familiarising themselves with the business or to work on a consultative basis as a partner should he retain a stake in the overall business. The price for a share or the whole of the business is negotiable depending upon the level of support required from the present owner and he is open to all reasonable offers.
This unique opportunity is available immediately but in the first instance, please express your interest by emailing franchising@gingerasia.com with your details within the next 14 days. All enquiries will be treated in the strictest confidence
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1 comment:
So Admart.Asia has one less competitor? That's got to be good news for you. Is Asia getting more competitive though. You alredy got those sites like Asiaexpat and Geoexpat as well as Ebay and international companies all comepeting with you.
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