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Automatically Accepting Bids on Flippa

by Trivum
3 replies
So on Flippa they advise against automatically accepting bids. The reason seems to be that you should check the bidder out first.

But my question is how are you supposed to identify a possible "bad" bidder?

Obviously if they have a long history with a number of buys, then they'll be OK. But everybody is new at some point.

Would you ever turn a bid down because the person didn't have a track record? That seems foolish to me.

Any thoughts on this?
#accepting #automatically #bids #flippa
  • Profile picture of the author AnniePot
    When I sold one of my websites a year ago on Flippa, if anyone with no track record bid, I contacted them and entered into a brief correspondence before accepting or rejecting their bid. As a rule of thumb, anyone not genuine tended to ignore my emails and I then rejected their bids.
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    • Profile picture of the author Trivum
      Originally Posted by AnniePot View Post

      if anyone with no track record bid, I contacted them and entered into a brief correspondence before accepting or rejecting their bid.
      Thanks. That makes sense. And I guess a bad bidder would usually not respond.

      But what did you say to them? It seems whatever you asked, they could just make something up anyway.

      Also, why are there "bad" bidders? Any idea? What the point in that?
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  • Profile picture of the author Thomas Smale
    Usually a simple message will weed out most "bad" bidders. Those who bid just for the sake of it and have no intention of paying.

    I would usually just ask for a short background on them and their plans for the site (especially if it is larger where "bad" bidders are more of an issue).

    A "bad" bidder would usually be someone who bids and then doesn't pay for the site if/when they win. I guess the internet is just full of people with too much time on their hands who don't think about consequences and blindly bid on sites they either can't or have no intention of paying for.

    It's an issues at all ends of the market - as a broker, we put a lot of time and effort into qualifying buyers to ensure they are serious and capable of completing on a deal.
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