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Flipping question : Pricing for my site

by Raja Kamil
6 replies
Hi;
I got a site where giving me income from CB last month.
My total income with this site is so far $40.

It's in health & fitness categories.

I'm thinking of flipping it on Flippa.

But, I don't know what price I should starting with?

Could any experience flipper help me.

Thanks.

PS : I'm thinking of starting the price at $200, will it be okay?


Raja Kamil
#flipping #pricing #question #site
  • Profile picture of the author jaggyjay
    Hey Raja,

    There are basically 3 kinds of sites that are "flipped":

    One, those with profits over time;
    Two, those that just started to profit;
    And three, those with no profits

    Your site sounds as if it's in that 2nd category. If your site has only made $40 thus far, you *can* ask for $200 as a starting price. However, chances are that no one will bid that amount to start out. This is especially so if the website just started profiting.

    A better strategy may just be to start with a low bid and just set your reserve price to what you can realistically expect to get.

    Of course, you can try whatever you want. For example, you can ask for the $200 and see if you get any takers. If that doesn't work - you can always relist it.

    Hope this helps.

    - Jay
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  • Profile picture of the author paulie888
    Jay's absolutely right, Raja. If you start your bidding off at $200, chances are high no one will bid on your site.

    I'd start off your auction at a very low price (99 cents or $1), and set the reserve price to the lowest possible amount that you'd accept for your site. Since your site has only recently started making money, consider setting your reserve price at around 4 times monthly revenue.

    Be sure to feature your listing on Flippa, as that will get you a lot more exposure, and hopefully more interest and bids on your site.

    Paul
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    • Profile picture of the author Raja Kamil
      Originally Posted by jaggyjay View Post

      Hey Raja,

      There are basically 3 kinds of sites that are "flipped":

      One, those with profits over time;
      Two, those that just started to profit;
      And three, those with no profits

      Your site sounds as if it's in that 2nd category. If your site has only made $40 thus far, you *can* ask for $200 as a starting price. However, chances are that no one will bid that amount to start out. This is especially so if the website just started profiting.

      A better strategy may just be to start with a low bid and just set your reserve price to what you can realistically expect to get.

      Of course, you can try whatever you want. For example, you can ask for the $200 and see if you get any takers. If that doesn't work - you can always relist it.

      Hope this helps.

      - Jay
      Originally Posted by paulie888 View Post

      Jay's absolutely right, Raja. If you start your bidding off at $200, chances are high no one will bid on your site.

      I'd start off your auction at a very low price (99 cents or $1), and set the reserve price to the lowest possible amount that you'd accept for your site. Since your site has only recently started making money, consider setting your reserve price at around 4 times monthly revenue.

      Be sure to feature your listing on Flippa, as that will get you a lot more exposure, and hopefully more interest and bids on your site.

      Paul
      Thanks for your reply.
      I just listed my site on Flippa base on both of you advice.
      How about BIN, how much should I write?
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  • Profile picture of the author Jacqueline Smith
    My understanding is the BIN is usually the same as your reserve price.

    Good luck!
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    • Profile picture of the author mj9999
      Health and fitness are always hot categories on Flippa. You can learn a lot about what's selling on Flippa at Flippsters.

      You will notice right away that some sellers there are getting pretty good money for startup sites.
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  • Profile picture of the author Angelz
    Also keep in mind you don't want to develop a bad reputation of "over valuating" your website. Make sure whenever you go to sell your site, you be honest about how much work it took you to make that $40.00. If you believe it can make that again, why would you sell it for only $200? Wouldnt it be more worth it for you to keep it. If it will take you 6 months to make another $40.00, than your site is probably only worth $40.00.
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