Gagism.com, a blog co-founded by Farrukh Zafar and Salman Saeed, recently got acquired by an Australian firm at a whooping Rs. 10 million valuation, tells us the team that is now working on a new venture.
Farrukh Zafar, who left his remunerative job at LG Pakistan to dedicate his efforts for Gagism, tell me that the idea of selling Gagism hit him when blog traffic dipped down to 400,000 page views per day, while it had been serving a million hits per day, in the past.
Soon enough, Farrukh told me, the blog was put up on an online listing for sale, which eventually took them only two weeks to get the whole deal done.
“The funny thing is; the reason for selling the site – low traffic, had flown away in two week’s time and we were back up serving around 600,000 page views daily; but by that time, the deal had entered into serious phases, and the lure of a 10 million Rupees, kept us going in the acquisition’s direction”, commented Farrukh.
Gagism.com is a community driven blog that hosts comics, jokes and funny images. A footer published on blog reads: “Gagism is a movement to heal wounds, to fight sorrow and to bring out the jokers in us”.
Gagism had 6 team members including Farrukh and Salman. They all are now working on a new venture after registering a company in Dubai. Farrukh said that they don’t want to unveil their upcoming project at this time.
Big kudos to Farrukh and his team!
i saw their website . not impressive at all.whats special about it
High website traffic is very special feature, everything depends on that. Looks may not be special but audience is what matters and content which drives em.
OMG, 10 million? BTW congrats to farrukh and salman.
its not 10 Million RS. Its $85,000 what i heard… please correct me
great news
site sucks. buyer probably paid for the name. i bet in a months time domain will have adults only tag on it.
I’ll take that bet. Let’s check back in a month.
Please see this link that may make you smile!
http://www.gagism.com/i-dont-think-you-can-make-me-laugh/
U must write about Umer Majeed founder of Tiptoptens dot com , He has sold his site in 10 million PKR also
Who Told you that???
I can never believe dude. He is still the owner of Tiptoptens.
You must correct your info regarding Him.
lol “Admin… YOu need to correct it.
Tiptoptens by Umar Majeed was sold at 10 Million
but
Gagism is sold at 8.5 Million Approx.
Kindly correct it.
Thanks” this is your comment lalina
the figure of 10 Million is really hard to believe and digest after looking at the condition of website.
Its about visitors bud, it has a big following on fb too.
haha….dear condition doesnt count, traffic counts
Hi,
I just wanted to let you know that both these guys scammed that australian company and as their attorney, we are preparing our case to sue both co-founders in a pakistani court.
People like these are the reason Pakistan has not a good fame outside of Pakistan and Pakistani Passport has no value.
They deceived the new owner by not giving him all resources and the new owner is in heavy loss.
How they scammed the Aus firm? Can you explain a little
This is a common problem with website sales. Once the traffic drops, the buyer starts thinking that he/she was cheated. There’s no rule for what will happen after the sales, in case, the traffic dips.
I personally think, filing a pointless lawsuit will be another waste of money, in the light of what I’ve seen in earlier cases. With a Facebook user base of 80K+ fans, an amazing Alexa rank of 35K, there’s not much coming to my mind why you are screaming ‘scam’. If I were in this Australian firm’s seat, I’d be glad to make a lot of money out of this site. I see a poor combination of mediocre ad networks on the site – probably the biggest reason why they’re not able to monetize properly.
lolx @ You knowledge… he stats that thr traffic was falling and thats why they sell it… whats the problem in it??? n why would they go in court??? hilarious…
If you are who you say you are, then sir I must say you do not deserve to be exercising this profession because you lack integrity!
doh….just within 8 months, thats something luck i believe
Are You F*cking Kidding Me?
See here this website more details.
http://www.statscrop.com/www/gagism.com
What?? What kind of Idiot Buy this thing crappy website ?? He is so wiped :P…
What a waste of money …
I have recently sold my blog for over $100,000 on flippa.
Please don’t tell us the name.
lol .. here you go >>> http://goo.gl/Hi4Ft
lol.. I have made over $5m in three years from my 5 sites using adsense.. why to sell it. enjoy it :D
Rs. 1000/- my last offer to the new buyer. I am guessing the company who bought it consists of some mentally retarded people. No offense Farrukh :D
OMG .. I cant believe it . the site not looks too attractive ..
site just 9 month old ..
i did little search on this website history, it is listed on flippa with around $14000 monthly earning.. if this is true then these guys has sold this website at lost because they can get the 10 million RS through the website in 8 months :p
really superb work from farukh , thumbs up for pakistani bloggers
yaar.. kaisi bongi qoum hain hum!?
ek cheez ka pata hai nai.. siray se.. magar comment phir b aisay karna hai (not to forget, negative commment) jaisay paida hotay e us field main ghus gaye thay.
BIT*HES, PLEASE!
Sahii Kaha Janab App ne :P App ko Khud Nahii Pata Kuch :P
Happy to hear. Good work Farrukh. Keep it up.
Hey TALKLIVE dot TK is also for Sale…..!
Congratz to Farrukh and team! :-) Great piece of work dude.
this site is sh*t.yes i dare u to prove me wrong.
Grt work Farrukh :)
OMG! 10 million is a huge money for a blog. anyways congrats to team.
wah ji wah
Admin… YOu need to correct it.
Tiptoptens by Umar Majeed was sold at 10 Million
but
Gagism is sold at 8.5 Million Approx.
Kindly correct it.
Thanks
Congrats to The team and yes i agree with my friends that the blog is not that much impressive but the data they have is valuable that why it has been sold at that rate. :)
where did they put the site on sale ?
His profile on Flippa tell the different story.
1. First this sale of the site was not ‘successful’
2. The feedback left by the buyer was ” NOT HONEST SELLER ”
I guess this is another cheap publicity stunt.
Screenshot: http://i.imgur.com/BHDTZ.png
His Flippa Profile: https://flippa.com/users/502482 (requires login)
such a stupid firm who bought this already dead free funny images website. I don’t see any potential in this.
I sold my site for half million PKR.
They all are the graduate of NUCES-FAST :)
Wow