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Noob Flippa question... Help?

Discussion in 'Site Flipping' started by Stove, Sep 16, 2013.

  1. Stove

    Stove Newbie

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    I'm a total noob to flippa, I've posted my first listing and I've received a bid but can't figure out how much it is for? I don't see a price anywhere, does it not display anything if the person bid the minimum or something? Or am I just blind? I can see the "accept" and "reject" buttons and can look at the bidder profile but that's pretty much it... Thanks.
     
  2. Stove

    Stove Newbie

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    Okay pretty sure I figured it out, found a post on Flippas blog about their "automatic bid management" feature, I was using their sellers guide which apparently hasn't been updated for a while and caused some confusion.. Just out of curiosity have any of you that have been around for a while noticed if this change in the way bidding works caused an increase/decrease in the price that sites are selling for or did they mostly stay the same?
     
  3. kvmcable

    kvmcable Supreme Member

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    It has diminished participation on Flippa for sure. While Flippa has a brain trust on Staff they are very lacking on real world experience.

    Imagine on any of the auction TV shows that are popular these days that those participants handed the auctioneer a piece of paper with their highest bid and walked away. Who would watch such a show?

    I've been to a ton of real auctions. Same principal; the auctioneer revs up the crowd, the fast talking, the hype and the excitement of being in a group with others actively bidding against you in small increments doesn't allow for clear thinking and calculated responses. It is well known in auction circles that many people overpay for their items because they get "caught up" in the moment. This is what makes sellers and auctioneers a lot of money!

    Flippa killed the entire auction experience with this proxy bidding and reducing the 4 hr extension to a 1 hr extension. I can't tell you how many listings are undersold because the bidders fell asleep or couldn't stay up all fucking night. Now imagine you're a seller; if you get lucky and have interested bidders late at night you have to stay up all fucking night in case some new bidder jumps in the bidding. What idiot thought that was a good idea I don't know. So you approve half a dozen bidders and they're bumping each other $5 at a time extending your listing another hour but you have to babysit the damn listing all night and early morning to approve any potential new bidders that might jump in while your approved bidders keep extending the listing with their last minute bids.

    I've heard some bidders do this intentionally figuring the other bidders will stop bidding and call it a night if it gets too late.

    Like I said Flippa has quite the brain trust but unfortunately very little common sense.
     
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  4. Stove

    Stove Newbie

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    Thanks for the awesome response, with my listing I decided to take a risk and start it at $1 with no reserve after reading a bit about flippa on the empireflippers site. I feel that people will understand the value of my site and so far I have 8 watchers and 52 views (Is this considered good?), when I had first set this I wasn't aware of the new bidding system. Does this strategy still work with the new bidding system? I would think that it still would, just not as well since people can't see what others are bidding. I'd love to hear what you think though.
     
  5. Bestcreaters

    Bestcreaters Power Member

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    yap so true my listning just ended yesterday night and all my fucking listning watchers didnt start biding till 30 minutes to close the auction the bidding ended at 4200 even thoug i didnt sell it because the reserve was higer but i wish i was awake to reduce it Dahm flippa.
     
  6. kvmcable

    kvmcable Supreme Member

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    $1 NR is suicide these days. $1 with reserve protecting your minimum price is much better option. I never read the WSOs or been to empireflippers but I'm guessing that was written back before all the changes on Flippa. $1 NR was once a good strategy but not today unless you have a shill network to protect the minimum price :)

    Yeah most bidding will happen towards the end as everyone thinks they're the only ones watching it and don't want to increase the bid unnecessarily or draw attention to the listing with early bids. Another reason top sellers use shills these days. :)
     
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