After several months of negotiations, I have finally agreed to sell the Pinoy Top Blogs project. It’s a decision that was very hard to make but I figured that the future of the project will be more secured with the new owners.
Several thins prompted me to move into making this decision and I’d like to share that with all bloggers who are involved and been part of the project in the last 2 years.
- I have encountered, on numerous occasion, problems with the server. It was mostly a scaling issue as more and more bloggers join the site, server capacity is also affected. I’ve also indefinitely suspended the service in the past due to this recurring problem.
- I could no longer manage the site and have found less time to review submissions, monitor violating sites and suspending them as well as checking for daily spam comments. I’m way too far behind the backlogs.
- The software I used to run the site (evoTopsites) has not been updated for about 2 years now.
- I’ve been spending a considerable amount of my personal money to continue running the project. The site has been bleeding close to $200 per month for a year now and has not generated any revenue at all (well, if you can call a few dollars from AdSense enough revenue).
It also made it easier for me because the new owners, Enthropia Philippines, was also the sister company of the developers behind evoTopSites, BlogFlux and iBegin. They know the system very well and can fast-track it’s re-development. I am confident that they’d be able to continue running the system in top shape. They were also the ones who donated the current domain/s to me after I transferred it from this site to its own domain.
For the existing users, rest assured that all private information stored in the system will be guarded by the new owners. An email will be sent to everyone to inform them of this change and will allow them ample time to opt out of this if they want to.
On a personal note, this is my very first sale of an online real estate and I really didn’t know how to go about it. The sale price is still undisclosed unless Enthropia is willing to disclose it.
Pre, dapat pag nagkitakits ang grupo. mega party tyo ha! :)
I think you’re referring to PinoyBlog.com which is different from Pinoy Top Blogs. :)
Congrats Yuga! Ha ha ha I can see you smiling as you encash your check. More power to yuo, sir.
You’re a netrepreneur right, so you can always find ways to start a bigger and better project similar to Pinoy Top Blogs.
Yuga has been thinking about selling PTB a long time ago. Wonder why now… If this was a real estate you held on for the longest of time, then you would certainly sell it for a price that would cover what you’ve invested in it and a bit more.
Hmmm, so let me compute… [($200 x 24) x P46.69] + ‘a bit more’ = value of PTB. Wow, not bad.
Congratz! :)
bentahan na ‘to. tignan natin sino mga susunod. hehe.
Abe,
I was just wondering if you could go over my site, look at it and how can we arrrive at its marketability. I don’t want to conclude things, but I think I belong to that class you mentioned (though limited viewership, influences decision makers). I am open to whatever scheme, blogging has been a hobby that I love. If we can . . . make use of it to further propagate noble advocacies. I guess, it would be beneficial to all.
I’m also an Ilongo.
Hope to hear from you.
Roy
Kinda happy, kinda sad about this dev’t… Happy that hopefully the site will be up soon… Kinda sad because I’m sure this was one of your pet projects…
CONGRATULATIONS!
PS: Does this mean those “Executive Dating” posts are finally going away? :)
Wait, are these monthly unix?
I think it’s a terrific move, Abe. Great move. Never heard of the site.
congratulations!
Like noemi said, PTB will always be associated with you. Congratulations on your first online real estate sale! :)
so i guess my series ended at about the right time. now i just have to finish the backlog of posts about the entire year so i can make some sense out of it =)
hey, i’m having problems browsing your site through Opera 9.23. I’m commenting through Firefox 2.0.0.6. I’ve browsed your site in Opera. What’s wrong?
I agree with Kiven =)
So how does it feel to sell your first internet property?
Question.. what paperwork(s) are necessary?
nice move sir!! thats why pala lagi down ang server this past few days/week…
aww I will always remember you as the first owner. Memories na lang
Thank you Abe for all your hard work on Pinoy Top Blogs, we will definitely not let down the community and will continue to improve and expand the service.
oh. so that’s why. i signed up for it recently and i waited for the email.
ah binenta mo na din? wohoo party na ulit tayo!