Board for everybody who is interested in BrainKing itself, its structure, features and future.
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What would be the financial upside in buying Brainking? It would cost a fair amount of money to keep it online and unless you have the time and knowledge to implement new things and make repairs, you would have to pay someone to do it at a high rate of pay. You would need to demonstrate you have a growing site with lots of activity to coax businesses to advertise on the site to even start to get a return on the investment. ANd if you are like me, you do not to interrupted with popup ads or have them all over your game boards. It is a distraction and annoyance and can cause the site to run slower on your computer device. This may in itself would cause some to leave the site. Whoever would buy it would want a return on the investment at some point. Advertising, higher paid memberships, and perhaps a reduction in benefits at different membership levels are all ways to make it happen. As someone who is studies and works with finances at my church, I see buying brainking as a poor investment, and an bottomless money pit. Unless you are wealthy and do not care about costs, then that is the person who would be interested. Just my opinion.
Brian1971: Brian I had 50+ years accounting/bookeeping...that was what i did for a job...How can you even say that when you havent seen a financial report of Fencers Business (assuming he has financial reports) You have NO IDEA what the situation is/was at BrainKing, and in my opinion you cannot comment until such time as you have "checked out the financial records" for the last 5 years at least.
Im not trying to cause an argument here, just having my say :)
Looking after the church books isnt exactly a good example.....sorry
Bernice: I dread to think what the church account books are like. And in response your other post it would be interesting to know what this site is worth. All I can think is that Fencer must very wealthy to let this site just end.
Bernice: I will grant you that point Bernice. I do have a college degree in accounting and business management. I made a career on restaurant management and later my own insurance sales business as well. Then I got sick and disabled. I now take care of the financials for my church and oversaw the financing of our recently completed building expansion. I look at the income that Brainking generates now. I do not see how the site on its own entity is making money based on just membership fees collected. They may keep the site online,but not necessarily making a profit. I could be wrong. However like I said if someone was looking to buy it as an investment that could be profitable, changes would have to be implemented to help generate a return on that investment. Also working on the site would be a full-time job. Just things one would have to consider.
Aganju: I wouldn't buy it as there is no money to be made in its current form. That is my whole point. If you are a player here who would buy it just to keep it alive, then fine but then I am sure you would find you would not have time to play games as you would be too busy maintaining the site and implementing new things that players are asking for. I am not sure how much fun that would be, just a lot of work for really no gain. Again just my opinion. All opinions are welcome and no need to run someone else's down to make their own point.
Brian1971: My point is that *you have no idea* if there is money to be made. You just *assume you know* it because you are an accountant or whatever unrelated experience you have.