The Web's $100 Million Secret Economy

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Entrepreneurs and investors are making big bucks by selling millions of dollars worth of websites, blogs, facebook applications and forums every month through SitePoint's Marketplace.

In a market that's set to top $100 million in 2008, the SitePoint Marketplace has been independently ranked the #1 source for buying and selling web real estate.

The SitePoint Marketplace is a global eBay-style online auction system that brings buyers and sellers together to acquire and sell blogs, forums, ecommerce web sites, Facebook applications, and other media and ecommerce properties - without the need for business brokers or expensive 3rd parties.

"Our marketplace allows owners of small-to-medium sized web businesses an opportunity to cash out their investments quickly and at a low cost, while allowing marketers and entrepreneurs to buy established, revenue generating sites and Facebook applications and take them to the next level," said Matt Mickiewicz, co-founder of SitePoint.

Website Marketplaces were judged by j0n.org in terms of their average listing prices and overall dollar volumes, with the SitePoint Marketplace ranking 900% higher than its closest competitor.

The analysis showed that sitepoint.com had a total $3,911,992 worth of listings between 495 individual auctions during the month of February, with an average listing price of $7903 per auction, compared to $805.73 for the next closest competitor.

In fact, the SitePoint Marketplace's listing price total of $3.9 millionfor February was more than all the other website marketplaces combined.

"We're excited about playing a significant role the growth of web site marketplace industry, and look forward to offering buyers and sellers more functionality and transparency with the upcoming release of the SitePoint Marketplace 2.0," said Mickiewicz.

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MATT MICKIEWICZ
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