Businesses For Sale > Business For Sale in Dallas, Texas (TX)

Huge Musicians Social Networking Site

Dallas, Texas (TX)

Business Summary: This well established social networking website for musicians and fans boasts over 100,000 artists and over 100,000 listener accounts, and over 300,000 MP3 audio files available for download. The website offers musicians the ability to showcase their music, upload videos, promote to labels and communicate with fans. In addition, a proprietary widget allows musicians to create players that can be used on any other website to play the music and redirect them back to the musicians page where they can download the music. The site allows musicians to charge fans for their music just like itunes. The site is essentially a hybrid between myspace and itunes. The website gets over 200,000 unique visitors monthly with over 2 million page views with NO advertising. In addition, there are over 230,000 newsletter subscribers and 60,000 websites with the music player widget directed back to the site.
Year Business was Established: 2004
Number of Employees: 1
Facilities / Terms of Lease: Website, content, database, proprietary software widgets
Potential Growth/Expansion: No advertising has been done. Members promote their music on 60,000 other sites using the downloading widget - so it has a nice viral component. Creating member incentives with rewards, premier listings and exposure will drive more traffic in addition to creating more awareness through advertising the website.
Competition: Social networking sites are the new internet 2.0 - This is a very well established blend of a social networking niche with elegant and useful proprietary technology.
Owner willing to train: 3 months
Reason for selling: other interests
Seller Reference Number: 13019 BusinessMart.com Listing Number: 41463
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