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Selling Turnkeys and potential earnings claims

Discussion in 'Site Flipping' started by futuremills, Feb 12, 2011.

  1. futuremills

    futuremills Regular Member

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    I have a question about selling turnkey sites and potential earnings claims. So for about a month i have been monitoring flippa daily looking at what turnkey niche/adsense sites sell and what sites dont. I have noticed that the sites that sell and the ones that sell for a few hundred bucks have claims that the site could make the buyer hundreds or thousands of dollars. These are sites are usually brand spanking new and have no backlinks and not ranking anywhere in the search engines.

    I have noticed that the sellers that have listings like make $2311 a month are the ones that sell for good money. even if the site has no traffic or current revenue they still sell. However, I noticed that the sites on sale that are modest with earnings potential fail to sell or sell for a fraction of the price of the ones with huge earnings potential claims.

    My question is do sellers with such claims have to deal with refunds and other hassles. Some of these guys seem to be successful as they have lots of listings and trust

    Another question that i have is about earning guarantees? I noticed lots of sellers saying things like make 3400 a month guaranteed. I.E. "If your not making 3400 in 6 months get your money back"...Are these sellers serious? Some of these sites that i have seen have no chance of making 340 dollars or even $34bucks let alone $3400. Are the sellers that are guaranteeing this income just making these claims just to make a sale? Also do these buyers have any way of getting there money back when their 4page niche site on rubber water bottles never makes them 3400bucks a month in adsense revenue?

    thanks for anyone who can answer these questions for me.
    :cool:
     
  2. Robert

    Robert Newbie

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    Unfortunately this is just another example of "Hype" sells. Most buyers of these sites are newbs and see dollar signs.

    Once the site is sold you really are 'sol' with no guarantees. If it's bought with paypal it's a digital purchase which is easily excluded from refund. And being a digital purchase, it's not like ebay where the seller has to prove it was the right item, color, in condition as described, and a host of other excuses Payal wants you to prove.

    With Flippa, you have the listing, your listing invoice, the buyer, the invoice you paid Flippa, the domain transfer receipt etc. as your proof of sale of a digital item.

    Again, legally you're sol. Who is to say how much the seller will buy it back for, what are the terms of the guarantee, what if you buy it and do nothing, what if Google bans all pages that look like the one you just bought, what are the requirements of the buyer in order for the seller to honor it. Yadda-yadda-yadda.

    Buying and selling a site on Flippa whether using Paypal or Escrow is a real business arrangement just like in the offline world. As such, unless you get everything in writing "assuming won't mean shit".

    I frequently do business on Flippa and wouldn't waste my time on such listings. Also, I stay clear of all those yahoos selling their WSO sites. I know you've seen them... Brand new site earning $1,000 a week. Opening bid $1. No reserve.
     
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  3. futuremills

    futuremills Regular Member

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    thanks for the info....i had a feeling that the people who make guarantees on there sites are full of shit. If i sell sites i wouldnt use guarantees because who knows if six months later the buyer calls a lawyer and tries to sue you....not worth it
     
  4. J1218

    J1218 Power Member

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    Those turnkey sites drive me nuts. Like Robert said, the people that buy them are mainly noobs that get all excited by the "potential", but they don't realize that there would be a ton of work involved to make the site earn as much as promised.

    I imagine the people that buy these sites are the same ones that buy all the new shiny product launches that promise easy money.

    I think you already know the answer, but yeah stay away from buying the turnkey sites with the over-inflated earnings potentials.