Question on Flippa.com

T

twisted_one

Power Member

Oct 11, 2009

521

97

• Feb 8, 2010

• #1

Guys,

I have a serious doubt....

If you are on Flippa.com then please answer me...

what does the terms "Reserve Price" mean?

I am selling a website there....

For example, let us say I made the Reserve Price as $250 there and made the starting bid as starting bid as $10.

I got two bids as of now - One for $10 and the other for $30.

Does it mean if they buy my website it will be only for $30? I thought it will be $250 + the bid amount. Am i wrong?

I am confused!

 

T

twisted_one

Power Member

Oct 11, 2009

521

97

• Feb 8, 2010
• Thread Starter Thread Starter

• #2

EDIT:

Also should I pay them $19 for every website I sell there? or that $19 is a one-time fee?

 

nufaman

Elite Member

May 29, 2009

1,870

1,345

• Feb 8, 2010

• #3

Reserve price is the minimum amount you would sell your site for. If bids dont reach it you don't have to sell

 

BalingDazzer

Regular Member

Mar 5, 2009

230

118

• Feb 8, 2010

• #4

You pay $19 + success fee (depends) for every site you list.

 

T

twisted_one

Power Member

Oct 11, 2009

521

97

• Feb 8, 2010
• Thread Starter Thread Starter

• #5

nufaman, Thanks a lot for your response! I have another question -

Lets consider that the bids never reached my reserve price. In that case, what will happen to the $19 I paid to Flippa? Is that gone? or can I make another listing for that 19 bucks which I already paid for a site which did not sell at all?

 

T

twisted_one

Power Member

Oct 11, 2009

521

97

• Feb 8, 2010
• Thread Starter Thread Starter

• #6

Thanks BalingDazzer ,

Now my question is - what if I dont sell the site at the end? What will happen to that listing fee?

 

nufaman

Elite Member

May 29, 2009

1,870

1,345

• Feb 8, 2010

• #7

Yeah, they let you give it another go without paying another $19 if it doesn't sell

 

T

twisted_one

Power Member

Oct 11, 2009

521

97

• Feb 8, 2010
• Thread Starter Thread Starter

• #8

Thanks guys I am much relieved now

 

Oriam

Junior Member

Aug 18, 2009

150

72

• Feb 9, 2010

• #9

I placed my website for sale on flippa for $19.
If no successful sale after your period you placed it for sale, they offer you to re-list it for only $9.

 

R

regcleaner

Regular Member

Jul 10, 2009

202

16

• Feb 10, 2010

• #10

flippa will cost you about $19 + 5% of bid amount for success fee,. the maximum for success fee is $498