Online job outsourcer Freelancer is leveraging the assets of its recent acquisition Warrior Forum to good use with the launch of a domain and website marketplace, Freemarket.com
The Freemarket platform is designed to help technology entrepreneurs, investors and operators of web properties buy and sell digital goods particularly, websites and domains.
The platform has been spun out of the internet marketing community Warrior Forum, which Freelancer acquired in 2013.
With internet marketers, developers and designers making up the top buyer demographics for existing websites, the Freemarket platform seeks to address the demand in the market for a simple and cost effective platform.
The platform allows sellers to post both websites & domains, with interested buyers able to bid or buy the asset.
“With no listing fees and only a 5 per cent commission, Freemarket is the cheapest way to sell websites and domains in the industry,” Freelancer.com chief executive Matt Barrie said.
Freelancer posted a $729,000 net loss after tax for the first half of the 2014 financial year,
Revenue for the period was up 41 per cent to $11.9 million, while gross payment volume pushed up 30 per cent to $49.5 million.
According to the company, the $600,000 loss and the $800,000 loss in earnings before interest, taxes, depreciation and amortisation (EBITDA) was attributable to its strategy of re-investing for top-line growth, with the company expanding its international footprint and increasing its investment in talent in the first half of fiscal 2014.Source:http://www.theaustralian.com.au/
The Freemarket platform is designed to help technology entrepreneurs, investors and operators of web properties buy and sell digital goods particularly, websites and domains.
The platform has been spun out of the internet marketing community Warrior Forum, which Freelancer acquired in 2013.
With internet marketers, developers and designers making up the top buyer demographics for existing websites, the Freemarket platform seeks to address the demand in the market for a simple and cost effective platform.
The platform allows sellers to post both websites & domains, with interested buyers able to bid or buy the asset.
“With no listing fees and only a 5 per cent commission, Freemarket is the cheapest way to sell websites and domains in the industry,” Freelancer.com chief executive Matt Barrie said.
Freelancer posted a $729,000 net loss after tax for the first half of the 2014 financial year,
Revenue for the period was up 41 per cent to $11.9 million, while gross payment volume pushed up 30 per cent to $49.5 million.
According to the company, the $600,000 loss and the $800,000 loss in earnings before interest, taxes, depreciation and amortisation (EBITDA) was attributable to its strategy of re-investing for top-line growth, with the company expanding its international footprint and increasing its investment in talent in the first half of fiscal 2014.Source:http://www.theaustralian.com.au/
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