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Is it safe to buy sites from FLIPPA?

Discussion in 'Making Money' started by ivictus, Nov 9, 2010.

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  1. ivictus

    ivictus Regular Member

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    Silk purse or a sow's ear?

    I have been looking at some sites there PR 3+, monthly income +$500. What tricks should I be looking for to make sure I don't get ripped off?

    Come on you know you what to tell. Spill the beans.
     
  2. flipstyle

    flipstyle Junior Member

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    great thread. interested as well...seems legit though, just like any other open community auction site, go with your gut instinct, research, and seller feedback score
     
  3. hateandbreak

    hateandbreak Supreme Member

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    no it's a scam! JKJKJK of course it's legit dude. it's one of the biggest Flipping auction sites!
     
  4. teeniegenie

    teeniegenie Supreme Member

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    Talk to Meathead1234 here on BHW. He's a Flippa guru and can point you in the right direction.
     
  5. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Despite Flippa's authority as a website marketplace, you still need to be careful and do your due diligence.

    First thing to check is the seller's history. Ignore their "trust rank", it's a b/s calculation. Look at their feedback, sites sold previously and how long they've been a member. Don't discount them if they are new, just be careful.

    If you can, do a whois on the site for sale and Google the seller. Should be able to find a fb or linkedin profile for them, if they list websites etc as an interest that is a good sign.

    Site wise and stats, make sure they have verified GA stats (this Flippa feature is actually very good) and get them to teamviewer any income claims. All other claims in the auction you can checkout yourself.

    There's loads more but on my mobile right now and it's 4am lol!
    Posted via Mobile Device
     
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  6. The Captain

    The Captain Regular Member

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    Now that's dedication ;)
     
  7. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    My flatmate just got home from work so we were chilling on the PS3! Being on my BB is just a bad habit!
    Posted via Mobile Device
     
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  8. ivictus

    ivictus Regular Member

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    I don't mean flippa it self I mean telling scammer sellers from legit.

    @meathead1234 - I agree their trust rank seems like more harm then good. I had not noticed the Verified GA stats option. Great tip.

    How can you spot fake traffic in GA? How do you make sure they aren't slipping in something from another website? Is it just by looking at the URLs? Can GA be fooled by bot traffic?

    Why would some one ever sell a site network making $2,500 a month for a BIN of $5,000?

    Thanks all!
     
  9. nlazar

    nlazar Newbie

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    I have been using it many times - never had any problems.
     
  10. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I don't believe you've never had any problems. I only learned after losing $1000s over the years.

    What tips do you have to share to stay safe?
     
  11. supwd

    supwd Senior Member

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    Anything dealing with $$ on the internet, for any product, and on any website, should be dealt with caution especially if it sounds too good to be true.
     
  12. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    GA is generally pretty good. Check the referring sites and avoid sites with a high % of direct traffic if they can't explain it. Also check for a low bounce rate, if it's high (75%+) they could have been buying traffic.

    Usually because the network is only a month old. They probably promoted it like crazy (a bit like when people launch a product, run a WSO and then flip it) and then want to sell it knowing the traffic isn't sustainable.

    If it has some age and stable traffic/earnings then be very careful as chances are something is up (just been sandboxed for example).

    Sites in high risk niches also tend to sell for low multiples (movies, Craigslist PVAs etc) so that could be another reason.
     
  13. Bross

    Bross Senior Member

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    Don't buy into stats, don't buy into screenshots, don't buy into promises.

    Research the website you intend to buy and decide based on that.
     
  14. mikie46

    mikie46 Jr. VIP Jr. VIP

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    I HATE the way flippa lists a website ans SITE BEING SOLD and that site gets listed in the search engines. This cant be good for the seller or the buyer. The buyer may not always want his site to show SITE BEING SOLD in any google results. Why would he/she want that? And if the buyer doesnt sell his listed domain shows as SITE BEING SOLD. This cant be good for business especially if the site is actually making money.

    There has to be a way around this. Im getting ready to sell a profitable site there but i wont be listing the domain first. I will sell another site along with the profitable one and will only make reference to it in the description of the auction.
     
  15. wpbacklinks

    wpbacklinks Jr. VIP Jr. VIP Premium Member

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    1 question. why there are many sites ended unsold? i am going to flip my site!
     
  16. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Usually 1 of 4 reasons (or a combination):

    1) Poor auction copy.
    2) Bad or over-priced site.
    3) Didn't feature their listing on Flippa front page.
    4) Seller has a bad history or poor communication.
     
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  17. wpbacklinks

    wpbacklinks Jr. VIP Jr. VIP Premium Member

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    what about this case? a user win the bid, and he doesn't buy the site?
    i mean, if someone bid for the highest price or even BIN, can he cancel the order/never buy the site..