Dear Professor Savings fans,
We have an inspirational story for you.
The site was made popular on tech sites such as Product Hunt and had plenty of online media coverage.
After 345 bids, the Australian “overnight success” entrepreneur sold it for $85,000. So just for ten days of public launch Carpenter gets to bring home $85,000.
So the burning question remains, why would someone buy such a novelty site.
But at Professorsavings, it’s our job to break down the business.
Breaking down the business details which were revealed on Flippa, a site that people can sell websites and domains.
Q: How much is each order?
A: Each order is cost around $8.11 USD
Q: What is the profit?
A: According to Carpenter, the cost of the glitter along with a letter telling the recipient that he or she is just a crappy horrible person equates to around $2 to $4.
Total profit of around $5.99 to $7.99 per order
Q: What are the initial sales generated?
A: Only after a few hours online, Carpenter received over 2,000 orders generating over $20,000 AUD.
For those who want to learn about the business sales, I suggest you look at the Ship Your Enemies Glitter Flippa description.
It includes the business model and the attachments including the Google Analytics, Paypal Sales Proof, and Paypal Sales Report.
I think that Carpenter made a great move selling at the height of it’s popularity. After all, we don’t know how long the hype will last.
Congrats to Matthew Carpenter who can now afford to buy all the glitter he wants.