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Thursday, October 29, 2009 12:36:26 PM
The thing is many HOA's are now facing difficulties collecting money. Now many states require HOA's to be registered and get permits. HOA's is now turning its management to a property management company. As F3 gets these management companies on board, ICS will be widely used in very short time. 1 propery mangement can manage 10, 50, or 100 HOA's. So we need a dozen of that those we are golden.
As you heard them say that there are about 260K HOAs in the USA and it's growing at 3 to 4% a year. Currently 70K have some management software in place. So that is about 190K HOAs that do not.
I assumed that F3 will acquire new 1200 HOAs a month. Let say each HOA's has 150 units.
For a period of one year, total 14,400 new HOAs.
Income from ICS fee alone excluding advertising revenue: $2.34 million or $0.0377 in earning per share per year.
For advertising income sharing on those 14,400 HOAs, I use 20% but per experience with F3 through John, it is 75% just like those big advertisers hosting sites. Let say we will use 20% instead from my avg pricing.
Income from advertising revenue sharing is $9.36 million a year or $0.15 in earning from advertising a year.
As you can see, just based on these two conservative numbers, F3 is to make about $0.19 a share in earning on ICS product alone.
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