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buying revenue generating site on flippa?

Discussion in 'Site Flipping' started by I Will Meet You There, Apr 11, 2013.

  1. I Will Meet You There

    I Will Meet You There Junior Member

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    anyone ever had experience buying a site on flippa that says it is making money for the person selling it?
    if the site is producing revenue why are they selling it?
    has anyone ever had a good, positive experience buying such a site?
    would love it to be true but i dont understand it.
     
  2. Panther28

    Panther28 Elite Member

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    I've never read a single person on this site that bought a site from flippa and it made them money. All the threads i've read here are off people whos earnings have dropped through the floor after they have bought it. I would agree, why would you sell it, when the average price they get is x10 a month earnings
     
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  3. GiorgioB

    GiorgioB Supreme Member

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    Yeah as Panther says, i've read a number of threads about these, and almost every single one got scammed. I know kmvcable knows a lot about flippa business, he might pop round the thread and give you some tips.
     
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  4. I Will Meet You There

    I Will Meet You There Junior Member

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    dats wut ah thunk
    thanx :)
     
  5. edgematch

    edgematch Elite Member

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    You guys are wrong. That is the real market like the ones you see a lot on your neighborhood. All sellers are not scammers. All buyers are not fool either. My friend sold his site generating $1k/month for $10k and the buyer is really happy to have it.

    Reason to sell: To invest in his other site.
    Reason to buy: To have a steady passive income.
     
  6. affiliatepros

    affiliatepros Junior Member

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    Yes, I bought 2 websites and sold 1 of mine.. Its a great place to find ideas or buy existing online businesses. If you want to buy a website just be careful that you buy from verified seller who has good reputation.
     
  7. Paman Gugel

    Paman Gugel Newbie

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    Agree with statement that I bold-ed
     
  8. Furious George

    Furious George Supreme Member Premium Member

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    I think where people get messed up is that they don't have the ability to walk away from a deal they just know is bad in one way or another. It's like when you watch someone buy a house you know they don't want.

    I'm sure scams happen, but just like with a house, buyers have due diligence. Do your research. If something doesn't feel right, don't go through with the deal.

    If this site is making a ton of money, and you have to ask, why is this person selling? Then walk away... I think most people get scammed because they didn't know what they were doing. (not to say there are not scam artists on there....)

    Myspace.com sell to fox news for like 600 million back in the day? Fox news really wanted that website. They made an offer, myspace accepted. They sold it for 35 million. Fox news couldn't keep the traffic coming in. Fox news got fucked.

    If I were you, I wouldn't buy a site because it's making money unless you can see something they're doing wrong and capitalize on it. A perfect example of this.... I bought a house for 70k once, because it didn't have a bathroom that was up to code, so it was worthless to a lot of people. It had renters in there that were paying 1k per month. That's not bad.... but then I put another bathroom in it, brought it up to code, updated the tax card... actually cost me about 50 grand because I had to add another wing on to the house... anyway, sold that house for 190 (after realtor commission). See what I'm getting at?

    In other words, don't just go to flippa expecting to find a steady income. Be patient. Be creative.

    "The deal of a lifetime only comes around once every seven days or so."
     
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  9. phpbuilt

    phpbuilt Jr. VIP Jr. VIP

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    Sold a site of mine for 10k, it generated around $800 per month so guess you could say that was x12 months.

    It was sold through flippa, though I wasn't the one that sold it there, meathead1234's company sold it for me (and used flippa to do it).

    Why did I sell it? Bored of the niche, difficult niche to promote. Cash up front is always good. Wanted to spend it on what I considered a better niche, as well as take profits.

    Did the buyer get their value? It took a little beating with panda but it came back again. After the site recovered from panda, the owner hit me up to build another site just like it for him, so he definitely got his money's worth out of it.

    If you want to buy a site, hit up meatloaf1234. I'm assuming he has a stock of sites he's trying to sell because at one time my site was in his stock. They did a great job selling it, cost 20% for them to handle it.
     
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  10. kvmcable

    kvmcable Supreme Member

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    I'm not sure its been said, but an advantage you have when purchasing from a reputable (notice the word reputable) broker is they will not involve themselves in shady business. They will verify numbers and do an extensive "due diligence" investigation before they will put a website under contract. The last thing they want is a buyer saying he got hoodwinked and the broker was party to the deal.

    Most reputable brokers will verify all the details before listing a website to make sure the details are accurate.
     
  11. Jacob Sterbenk

    Jacob Sterbenk Junior Member

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    I have a different point of view - MNS selling for 10 monthly profit is a risky investment - that is why it is only selling for 10 monthly profits. Bigger sites (that are less riskier), sell for much more than 10 months profit.

    If you are considering buying a website because you don't know how to make one, this may not be your best investment. It's like purchasing a business you know nothing about. This doesn't mean that you'll fail, it just means that the whole thing became even riskier, so your chances of getting your investment back are smaller.