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Better chance of selling site on Flippa or Empire Flippers?

Discussion in 'Site Flipping' started by PredatorKingdom, Apr 23, 2019.

  1. PredatorKingdom

    PredatorKingdom Junior Member

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    I got an e-commerce store that's only generated revenue for 3 months at over $14,000 in revenue and $4,607 on average in those 3 months. I've seen so many of these sites that haven't been around for less than 6 months making huge money so I definitely want to see what the market holds for my site but I still want some advice.

    My goal is to sell it at a multiplier of 25x or 30x which will be at least over $100k but I'm also willing to sell it between $30k and $60k as well but nothing under $30k as that number wouldn't be worth it for me to sell. I like the idea of cashing out on this site right now because that's money at one-time and PayPal froze the money for 180 days that I made during the first 2 months of my business and I learned my lesson to never leave big amounts of money in PayPal ever again. I want to use whatever money I make from this site to invest in flipping more sites in the future and some other things.

    I know there are buyers out there as I've seen a ridiculous amount of money being made for sites that have made less than mines on both Flippa and Empire Flippers. I really would like to know only from people with actual experience selling sites not just somebody guessing what's the better platform to sell your site on and should I do an auction that starts at $30,000 on Flippa?

    My one fear with Empire Flippers is that there's a whole process just to even get a site sold it goes in review before it gets listed and there's a process after it gets sold with having to be on the phone with the buyer and the buyer having a 30-day back guarantee which really scares the hell out of me like a PayPal chargeback. The thing is my chances are higher to get the site sold for a ridiculous amount of money that I may try Empire Flipping. I'm still building my funds to list this site on Flippa but it should be by next week.
     
  2. jadsn

    jadsn Power Member

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    AFAIK empire flippers doesn't take sites under a year old, at least for ecommerce. I could be wrong, but just something I noticed while browsing over the years.

    I've heard good things about Empire Flippers, so if they were to approve your site, if the numbers are legit, I don't think you would have anything to worry about during that 30 day process.
     
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  3. PredatorKingdom

    PredatorKingdom Junior Member

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    I think you're right about the site age, I think I did remember seeing something about that it was either 6 months or a year old.

    What's your thoughts on Flippa? That's likely going to be the platform that I'm going to have to market this site on.
     
  4. serpmover2014

    serpmover2014 Regular Member

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    Anybody know anything about selling profitable parasite pages?
     
  5. Amoled

    Amoled Regular Member

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    they (EF) take younger sites, afaik, but you will only get a 3-6x multiplicator, so not worth it...
     
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  6. PredatorKingdom

    PredatorKingdom Junior Member

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    Yeah, it definitely doesn't sound like it's worth it as I'll come under the $30k that I would want to start with even at a 6x multiplicator.
     
  7. smacker

    smacker Regular Member

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    25 to 30x rev?? what are you smoking dudette
     
  8. Amoled

    Amoled Regular Member

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    for aged online businesses, thats the typical multiplicator of the monthly revenue on EmpireFlippers
     
  9. smacker

    smacker Regular Member

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    it’s got 3 months of revenue!
     
  10. PredatorKingdom

    PredatorKingdom Junior Member

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    That's not unusual there's a ton of younger sites that have been sold for that much some have only been around for one month that have made a lot more. Depends on the interest in the site from the buyers.
     
  11. smacker

    smacker Regular Member

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    sorry I just seen that EF does multiples on monthly revenue. I’m used to talking multiples of yearly rev. Maybe not as unrealistic.. My bad op. Apologies.. yes if you show a few more months rev maybe you can get that
     
  12. smacker

    smacker Regular Member

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    Yes, sorry . I just realised that EF uses multiples of monthly rev not yearly. My bad as I posted above. :)
     
  13. PredatorKingdom

    PredatorKingdom Junior Member

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    It's all good bro I totally understand and yes those sites go by monthly revenue but some will do by 2x-6x multipliers if it's an aged site with yearly revenue.
     
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  14. KingZen

    KingZen Jr. VIP Jr. VIP

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    Empire flippers is awesome but if you have a high chargeback rate then it will be more difficult to sell as they will want to know all about why that is.

    You don't necessarily have to be on the phone with the prospective buyer unless they have questions. But in this case, if your business has a high chargeback rate, I don't think any investor will just buy it without knowing the details.
     
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  15. smacker

    smacker Regular Member

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    To get higher multiples and more interested parties.. make it an easy sell.

    Easy to run/maintain .. try to narrow time per day needed to run it. Any tricky or time consuming processes you have, try simplify them. The more “buy and go” it is, the more people will be interested.. specially if there’s reasonable profit
     
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  16. PredatorKingdom

    PredatorKingdom Junior Member

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    Thanks for clearing up the phone part and I'm confident the buyer will be satisfied but there's just some buyers out there who like to play around and get their money back even if things are legit with their purchase. I'm sure EF will kick any scamming buyers off though but it will hurt if you sold a site for a lot of money and buyer isn't legit. I just like my sales to be final after the deal is done.

    Great advice and yeah that's one of the things that I want to put in my sale is to make sure the buyer goes through an automated business and if they need help I'll help them.
     
  17. KingZen

    KingZen Jr. VIP Jr. VIP

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    Yea but I'm pretty sure EF won't let a buyer back out just because they want to back out. It would have to be a legit reason such as website is not getting same traffic as shown in sales post or earnings are not lining up to what they should be, etc...
     
  18. PredatorKingdom

    PredatorKingdom Junior Member

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    Yeah very true can't imagine EF letting somebody like that back on their platform whose trying to get sites for free.

    I'm likely gonna have to try Flippa first since EF has a review process before your listing is even up and is slightly more expensive. Any opinions on Flippa? I really need to hear more advice about that platform.
     
  19. Siddhie55

    Siddhie55 Senior Member

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    There have been many issues with flippa use the search button and search and then make a informed choice.
     
  20. jadsn

    jadsn Power Member

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    Flippa would be the best option in your case, but I've seen prices fluctuate there, so it's hard to say exactly how much you'll get. Any seasoned buyer will probably be skeptical with just 3 months of traffic.

    If I were you, I'd hold on to the site for another 8 months and list with EF.
     
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