FLIPPA is BS - How The Fraud Works;

So I had a guy who sold his site on flippa for 60 grand, and a big part of it was he used my revenue stream, took a 1 month commitment, extended it to 12 , and actually never even gave me most of the services.

The flippa formula is pretty easy. You find a few people you know who are willing to sign invheoices saying they paid you for advertising or maybe you have 1 or 2 advertisers.

Then you also buy organic traffic as the same time in the months before your flippa auction, etc etc.

Then you find similar sites, and yo utell them look lets trade advertising, but im going to say that you paid me and yo ucan say the same thing, and again invoices.

On top of that you can add some inflated pay per click numbers, for instance you can say we only started ad sense last month but got xxx amount, and actually a lot of that was from you or free credits or whatever.

Also putting out a press release on PRwire talking about how the site is becoming a major competitor blah blah blah is always good but may be overkill, you can always latch on to someones else and pay someone to indirectly mention your site or just put out content on similiar sites which mentions the huge growth and revamped interest in your site.

There is no real due diligence, and especially if your a niche like crypto or cannabis that does not have adsense and is hard to track numbers, that is where this is the best play, or emerging industries etc.

Dont forget to also have someone data scrape a bunch of industries or directories or jobs to be able to say a site that has over 5000 business 's that have already signed up (scraped data).

Also make sure that you are showing growth in your revenue and find a good organic trafic provider , because you can make your site look like it gets legit traffic from the US thats all organic and that is a huge factor.

Another common thing to do is get a domain in a hot niche, buy a template for a certain kind of site, scrape the data, get the fake organic traffic bought, 10 high quality articles in there and a bunch of fake users.

Dont forgot to slowly accumulate a bunch of fake likes and followers on all social media channels as well. If you have a site with real history you can talk bigger money, but lets say a 6 month project in a hot niche, you spend 1 grand for everything max and can easily sell for 3, 3 month you can spend 500 and sell for 1200-1500.



Mod Note;
Title was FLIPPA is BS - How To Play Them, (which may have been misleading.)
The idea of this thread is " The intention of this post is to educate so that you dont fall victim to this kind of shit like i did indirectly and people i know did directly."

I think you underestimate people's ability to spot listings with cooked books. Even a cursory read of a listing's sales pitch is usually enough to know it's bogus. The Shopify forum is the same: lots of crap websites at ridiculous prices and scammers trying to ripoff noobs and dopes.

Saying it's BS is throwing the baby with bath water.

This is fraud and you're an asshole if you do this.

AceWallGromit said:

I think you underestimate people's ability to spot listings with cooked books. Even a cursory read of a listing's sales pitch is usually enough to know it's bogus. The Shopify forum is the same: lots of crap websites at ridiculous prices and scammers trying to ripoff noobs and dopes.

Saying it's BS is throwing the baby with bath water.

Click to expand...

That is you and other people who are not blinded by the potential money they can make, that they forgot to use their brains ... If it looks too good to be true...Well you know the rest. I can definitely see how you can push sites there for medium $$$$ without too much scrutiny. Just look at the obvious scam sites people bought just because they only cost $1k with $5k revenue....

So you are highlighting ideas on how to cheat people. It should be posted other way round on how to spot such fraud listings.

Let me make this very clear, i was indirectly a victim to the bigger scheme there, and that was intended to educate people on why flippa is so dangerous, not something encouraging such behavior because i have seen first hand very good people who were so excited to move forwward with a business get shit on in a way that they did not deserve and i have come close to having the same thing happen to me on a few occasions.

Thats why the title says BS, this is what people are doing all the time on flippa and it makes it impossible for legit sites to get the chance they deserve.

I basically ended up thinking i had an advertising partner, he turned around and took our contract modified it, didnt deliver on the goods (well he delivered it at a snails pace to keep me on the hook if you will waiting) then all of a sudden the site is sold and i found out that he had done this to me and a few others and i end up with a new owner who is not getting what he paid for and i lost out on the services that i had paid for to be done.

everythingred said:

This is fraud and you're an asshole if you do this.

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See my reply above again the point was to point out this BS to people to educate them, these people are frauds and they fuck up the entire ecosystem for honest people.

i cant edit so im asking mod if they are there to make it clear this is to educate people to avoid this fraud and to understand how they do what they do and why it looks so appealing, because it really does look very legit at times. I thought it was clear when i said flippa is bs and that i fall in the victim category as did a friend but obviously want to clarify that.

everythingred said:

This is fraud and you're an asshole if you do this.

Click to expand...

krishnaverma said:

So you are highlighting ideas on how to cheat people. It should be posted other way round on how to spot such fraud listings.

Click to expand...

Thanks for the input guys, before feelings run higher I've changed the thread title and edited the first post.

Title was FLIPPA is BS - How To Play Them, (which may have been misleading.)
The idea of this thread is " The intention of this post is to educate so that you dont fall victim to this kind of shit like i did indirectly and people i know did directly."


Thanks

Thanks for the quick turnaround on my ask Mister F! Doing great so far MIT

Great info here, thanks, nice to know methods scammers use to ripoff noobs + it just proves that real online assets with real value are not traded like apples and oranges on a fleamarket.

If you want to "inform how not to be a victim of fraud"

Maybe try this as a title = "flippa - How to avoid fraudulent sites by recognizing their tactics"