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Any experienced website sellers on flippa

Discussion in 'Site Flipping' started by general34, Jan 5, 2014.

  1. general34

    general34 Junior Member

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    I have a website I want to sell quickly, but do not have much experience. Anybody here willing to help that has experience( flippa etc) , its automotive related. Im selling because I want to invest into something new. PM me
     
  2. starsky

    starsky Junior Member

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    you could try to contact Meathead. He is a Mod in buying & selling website section.
     
  3. Black Hat Expert

    Black Hat Expert BANNED BANNED

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    His user id is meathead1234

    Op-you can directly register on flippa and you can sell it.If your site is good there are so many buyers waiting for you.
     
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  4. jasonheron

    jasonheron Newbie

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    I am buying websites. What is the price and how much is the income? What kinds of income?
     
  5. stretch361

    stretch361 Junior Member

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    As a buyer on flippa, I can tell you these are some factors that make or break a listing that I would want to buy:

    - ensure verified analytics are posted
    - provide proof of income
    - Give away as many details as possible - without giving away confidential information that competitors could steal and immediately put to use.
    - Explain the reason why you are selling
    - Start an auction at a low price, with a decent reserve
    - Offer Escrow as a method of payment

    Look at listings that have previously sold with a lot of bids. Most of the listings are GOOD listings, and you can somewhat copy the format.
     
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  6. kvmcable

    kvmcable Supreme Member

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    No offense but buyers rarely make good recommendations for sellers. I was surprised to see you didn't say make it $10 BIN. :)

    Verified analytics easy as pie to fake - don't put much faith in GA numbers

    Proof of income, again easy to fake - even movie events.

    Give away details - yeah Flippa data is scraped daily by hundreds of bots - nobody is sharing methods or anything that resembles methods

    Explain why you're selling - nobody gives a rat's ass, although the stories of donating to St Jude's Children Hospital seems to draw more bids than the sick sister needing breast cancer surgery (true stories from Flippa listings). Seriously if a buyer is relying on that tidbit of information he better close his bidding account.

    Start an auction at a low price with a decent reserve - not all websites work well starting at a low price. Decent reserve is subjective at best. Decent for the buyer or the seller? Probably two different ends of the monetary scale.

    Offer Escrow as a payment method - the large majority of Flippa listings don't use escrow and it would be impractical to suggest escrow in a listing. Escrow fees are high - use it wisely but not always. Close to 50% of Flippa listings sell for less than $100 these days.

    Previously sold with a lot of bids are often shill listings. Don't copy those jokers or try to mimic them.

    I just scanned Flippa most active page and see they've let up on the shill filter again. I saw a few listings with 40+ bids and a current price < $200. Not in the real world does that happen. Clearly shill bidding.

    Bids on startup sites average 5-7 bids per $100. A $200 listing without shill interference is typically in the 10-15 bid number. Seeing listings under $200 with more than 40 bids is nothing but shills working to get the listing up on the most active page. I'm not sure why Flippa doesn't know this metric and pick that shit off daily. Even if just guessing they'd be correct at least 9 out of 10 times.

    Flippa is about done I think. I see some employed talent moving away from the platform and looking for higher ground. I think its days are numbered.
     
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  7. stretch361

    stretch361 Junior Member

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    Well, when I was making those recommendations, I'm thinking of actual good sites - sites that have been around for a while and sell for more than $1k. Yes, there is a lot of junk out there, and it's not a good idea to copy all the junk listings.

    Generally, i skip out on any listings that are below $1k, so maybe my information was a little biased. I can tell you, as a buyer, the more you can do to make me do less due diligence, the better.

    I imagine on listings below $1k, there are different rules entirely than what I've listed. Obviously using escrow on a $100 listing is foolish.

    You mention people don't care why people are selling. Believe me, on legitimate business deals, buyers ALWAYS want to know why the business is being sold. Maybe not on crappy $100-$200 sites, but on legitimate businesses, it's important as part of the due diligence.

    As far as giving away details - you are right - there are bots that are scraping. But again, I'm referring to sites that are on the higher end. Those sites normally have extremely strong backlinks and other methods that can't be immediately stolen and reused. When I'm talking about giving away details - I want to know where the revenue comes from, and exactly what the expenses are.

    I know you picked apart my post - but I don't see anything in your post actually giving any recommendations on what he should do. Since you've done a good job picking my post apart, what recommendations do you have for him?

    We're all trying to help here, please provide some additional insight.
     
  8. mikemike26ny

    mikemike26ny Newbie

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    I have an app review site currently on Flippa. Was curious on what type of websites you purchase.
     
  9. AlreadyBanned

    AlreadyBanned BANNED BANNED

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    The last time i heard about "Flippa" on BHW was 2 days back when someone was scammed on Flippa by a reputable seller for $4500!
    Stay Safe!!!
     
  10. mikemike26ny

    mikemike26ny Newbie

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    That's no good. I guess that really puts good sellers at a disadvantage with an honest sell with everyone worrying about being scammed. Unfortunate. I'm a newbie seller but I do a lot of research at the same time.