A Blog Sells For Major Coin…
All I can say is WOW!
Darren Rowse over at Problogger is reporting that a WordPress Blog owned by Johns Wu has sold his blog Bankaholic to Bankrate for a up to $15 million!
Here is what Darren had to say about the sale…
Bankaholic has a staff of 1 (Johns Wu) who will remain on at the blog.
If this price is true it’s a fairly decent sale for Mr Wu (understatement of the year) – the blog has an Alexa ranking of 42,168 and averages less than 20 comments per post. The blog does seem to rank very well for a lot of bank terms and I’m sure drives targeted traffic and would convert well with affiliate products – but this is still a fairly inspiring sale!
That is some major coin
I think this is awesome, and sheds a new light on Niche blogging. It goes to show that picking the right subject, added useful content and hard work can really payoff. The power of a highly targeted and high traffic blog is proving to be a priceless asset.
Woo Hoo!
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Or someone grabbed the wrong schrooms for the meal…
Dennis Edell
3:11 am