Flippa doesn't make enough money, I just sold my first site on Flippa for $175 and they only got $106.25 from it! This is ridiculous Flippa should always make tons more money than the seller, it only makes sense right?
I spent $10 on listing the site, $20 for a screenshot and $50 to have it featured on the homepage once being sold Flippa took %15 ($26.25) leaving me with $68.75 of course I also had to handle the escrow payments (not Flippas fault, but still annoying) bringing me to ~$48.75
Before listing on flippa I had $80 and a nice site after I was left with little profit and no site, in other words I lost my time and site. What makes it worse is that Flippa only gained $100. How could I of avoided this and brought Flippa more money? I could of set a higher reserve and only been $80 down but no worries because I'm given the opportunity to relist my site at only half the cost! I bet Flippa would of loved that, especially if it sold the second time and brought them some commissions. I could of not bought the screenshot+featured options, and maybe I wouldn't of gotten any bids at all and be forced to re-list until eventually someone bids.
Something is terribly wrong with Flippas system if the seller almost makes as much money as them. I'm afraid this is likely going to be my last time listing a site on flippa, I just feel bad that they didn't make more money off me, obviously the people who sell the sites shouldn't be making any money as Flippa deserves it all for all the hard work that they do.
My solution for Flippa: In order for Flippa to be taken more seriously by sellers they need to charge more for people listing, probably double or triple what they are currently charging, they don't take a high enough commission, the fact they they are taking a commission is a good idea but it needs to be something like %80 or the seller might be left with too big of a profit for almost no work. Lastly they should create their own escrow system and discourage the use of third party escrow services. I think this escrow should take the remaining %20 that the seller has. With all these improvements Flippa will really start banking, and I might consider using them again.
I think it would be cool if we all stopped using Flippa in protest until they implemented all these suggestions but I understand that Flippa is where all the buyers are and a majority of the sellers are taking advantage of the low Flippa costs in order to bank big, because most flippa sellers don't lose money, right guys?
In case you haven't figured it out yet
/sarcasm
I think Flippa has become a place that is only good for high end sites that sell for a lot, the problem is most of the sites on Flippa are garbage and the ones that aren't would be smarter to sell using different methods. I've learned my lesson and will take my losses but I encourage anyone thinking of selling a lower end site on Flippa to re-think their plans as it's just not as profitable as you might think.
I spent $10 on listing the site, $20 for a screenshot and $50 to have it featured on the homepage once being sold Flippa took %15 ($26.25) leaving me with $68.75 of course I also had to handle the escrow payments (not Flippas fault, but still annoying) bringing me to ~$48.75
Before listing on flippa I had $80 and a nice site after I was left with little profit and no site, in other words I lost my time and site. What makes it worse is that Flippa only gained $100. How could I of avoided this and brought Flippa more money? I could of set a higher reserve and only been $80 down but no worries because I'm given the opportunity to relist my site at only half the cost! I bet Flippa would of loved that, especially if it sold the second time and brought them some commissions. I could of not bought the screenshot+featured options, and maybe I wouldn't of gotten any bids at all and be forced to re-list until eventually someone bids.
Something is terribly wrong with Flippas system if the seller almost makes as much money as them. I'm afraid this is likely going to be my last time listing a site on flippa, I just feel bad that they didn't make more money off me, obviously the people who sell the sites shouldn't be making any money as Flippa deserves it all for all the hard work that they do.
My solution for Flippa: In order for Flippa to be taken more seriously by sellers they need to charge more for people listing, probably double or triple what they are currently charging, they don't take a high enough commission, the fact they they are taking a commission is a good idea but it needs to be something like %80 or the seller might be left with too big of a profit for almost no work. Lastly they should create their own escrow system and discourage the use of third party escrow services. I think this escrow should take the remaining %20 that the seller has. With all these improvements Flippa will really start banking, and I might consider using them again.
I think it would be cool if we all stopped using Flippa in protest until they implemented all these suggestions but I understand that Flippa is where all the buyers are and a majority of the sellers are taking advantage of the low Flippa costs in order to bank big, because most flippa sellers don't lose money, right guys?
In case you haven't figured it out yet
/sarcasm
I think Flippa has become a place that is only good for high end sites that sell for a lot, the problem is most of the sites on Flippa are garbage and the ones that aren't would be smarter to sell using different methods. I've learned my lesson and will take my losses but I encourage anyone thinking of selling a lower end site on Flippa to re-think their plans as it's just not as profitable as you might think.
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