OMG What a Flippa sale!

by mj9999

Posted: 13 years ago 31 replies

INTERNET MARKETING

I study Flippa sales activity quite a bit and am always coming across transactions they make me think, "Why can't I do that?".

This one absolutely takes the cake.

2 days
1 bid
1.5 million

Home-Business.com & Home Business Monopoly For Sale

How is this done?

#flippa #omg #sale

E. Brian Rose 13 years ago

I can see that domain name going for quite a bit. 1.5 mil is more than I would expect, but it is a great domain name, even with the hyphen.
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- SmartSuccess 13 years ago
  
  Hi
  
  Yes I would agree with the above post...
  
  Also traffic is reasonably high and it is within a the busiest niche online. The purchaser can obviously see a way to improve monetisation too!
  
  Warm regards
  Arjen
  
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Marketing Cheetah 13 years ago

definitely someone got lucky. I agree, the domain name is really good.
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daj 13 years ago

Flippa is full of fraudulent bidders, especially on auctions whose seller has extremely high expectations on what their domain and site are worth. I'm certain the bidder is a fraud and the auction will be relisted, as this seems to happen a lot on Flippa from what I've observed.
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- E. Brian Rose 13 years ago
  
  Originally Posted by daj
  
  Flippa is full of fraudulent bidders, especially on auctions whose seller has extremely high expectations on what their domain and site are worth.
  
  True, but 1.5 mil is not unbelievable for that domain name. It is sitting at #12 on Google for "home business" searches. A little TLC could boost that.
  
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  dpwilliams 13 years ago
  
  Interesting the seller is listed as Stone Evans. I used to follow him somewhat when I was first starting out.
  
  I think I first came in contact with him on one of those traffic clicking sites...
  
  Long time ago...
  
  Deb
  
  Thanks
  
  1 reply
  
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  mj9999 13 years ago
  
  TPW sheds some great light on this. The deal must have been worked out in advance. But why pay Flippa $75,000 for facilitating a transaction that was already a done deal?
  
  I mean, there were no other bids. Not even one.
  
  Thanks
  
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tpw 13 years ago

In part, the site was owned by Stone Evans.

He has a long track record online, and it almost seems that everything he touches turns to gold.

He has a huge following, and he likely announced the sale of this domain to his list of what I can only guess is tens or hundreds of thousands of people interested in making money online.

Additionally, the domain name itself is prime: Home-Business.com

A lot of may not even realize that Stone Evans even has a sub-forum of his own here at WF (http://www.warriorforum.com/plug-pro...support-forum/). I gather than he and Allen go way back. In fact, I did not come here for the first few years it was open, because I mistakenly assumed that Warrior Forum was part of the Plug-In Profits Site empire, of which I was not a participant.
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Mohsin Rasool 13 years ago

Also in the selling price... following domains are also included:

HomeBusiness.net,
HomeBusiness.biz,
HomeBusiness.tv,
HomeBusiness.me,
HomeBusiness.cn,
HomeBusiness.cm
HomeBasedBusiness.info,
HomeBasedBusiness.net,
HomeBasedBusiness.org,
HomeBasedBusiness.ws
Home-Based-Business.info,
Home-Based-Business.net
Home-Business.org

Regards,
Mohsin
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Michael Mayo 13 years ago

Way to go Stone Evans!

Congats on the sale!

Have a Great Day!
Michael
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johnny_h 13 years ago

This is why I love Flippa. It could have sold for the 1.5 mil listed in the auction, or it could have been fraudulent bidding. What's even more likely is that the bidder put in the 1.5 mil to close the auction, then haggled with Stone after he'd won the auction. That's happened to me more times that I care to remember...

The message comes - "what was my winning bid? $500! I hardly think it's worth that... I'll give you $250." Flippa just works that way.
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ashishthakkar 13 years ago

True, but 1.5 mil is not unbelievable for that domain name. It is sitting at #12 on Google for "home business" searches. A little TLC could boost that.

12? i see it ranked 2.

Great domain plus ranking for search a term.

Regards,
Ashish Thakkar
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bhuff85 13 years ago

If that's not a fraudulent bid, whew - "The Home Biz Guy" cashed out on this one.

The "home business" market is definitely a HUGE market (yet also incredibly competitive, if not one of the most competitive online). If you know what you're doing, there is a lot of money to be made in it. Plus, lots of sub-niches to carve out and earn some nice coin within it as well.
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- mj9999 13 years ago
  
  Yes but...
  
  25,000 views
  400 uniques
  no revenue
  
  That doesn't exactly scream $1,500,000. Does it?
  
  Are the stats actually 100 times greater and, since the deal was already done, the seller just thought he would have some fun and create some buzz?
  
  Thanks
  
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enSo 13 years ago

the buyer obviously saw something in it that we don't. Flippa still attracts a lot of people with money to invest in good looking online opportunities.
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Steven Miranda

13 years ago

That is quite a sale but also a nice keyword/domain. The buyer is going to monazite the heck out of that!

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jasonthewebmaster

Banned 13 years ago

Plus, look at his Alexa rating: 545,622

but still... 1.5 milllion?? theres gotta be something we dont know about the buyer and why he wants it so bad!

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tpw

13 years ago

Originally Posted by mj9999

TPW sheds some great light on this. The deal must have been worked out in advance. But why pay Flippa $75,000 for facilitating a transaction that was already a done deal?

I mean, there were no other bids. Not even one.

If I was buying a website for $1.5 million, I would requires someone to escrow the deal, which Flippa does.

Otherwise, what protection would I have that Stone wouldn't screw me over? (I trust Stone Evans implicitly, but $1.5 million is a lot of money) LOL

Originally Posted by jasonthewebmaster

Plus, look at his Alexa rating: 545,622

but still... 1.5 milllion?? theres gotta be something we dont know about the buyer and why he wants it so bad!

I seriously doubt if the domain was purchased based on its current value, but rather its future value to the buyer.

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donhx 13 years ago

The rich get richer.

Of course, the value is in the domain as others have noted. But the price still seems high-no income is claimed. The buyer is really speculating here as their is no basis for actual value based on an existing ROI.

Now let's see... do I envy getting that sales price for that domain/site? Hmmmmm.
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Dash Evra 13 years ago

Wow... someone got lucky..
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enSo 13 years ago

Yeah none of the stats were all that impressive. He clearly got it for the domain itself.
Of course there's also the possibility of it being a fake sale. Selling a site for that price is a reputation maker in itself. Faking it can be tempting.
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LauraJames 13 years ago

Wow! Nice profit indeed. Thank you for posting this. Just another example of endless possibilities.
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sbucciarel

Banned 13 years ago

When I click on the link it just redirects to the latest listings ... not that listing. Anyone else getting that? Also looked at all of the just sold listings and it is not there.

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vok

13 years ago

Originally Posted by sbucciarel

When I click on the link it just redirects to the latest listings ... not that listing. Anyone else getting that? Also looked at all of the just sold listings and it is not there.

Yeah I get that aswell, I think the listing has been removed unless anybody else can access it?

Thanks
1 reply

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Manc 13 years ago

I bet 15 years ago this would be considered a mediocre domain name, what with the hyphen and all. Yes back then any hyphen was considered to reduce the domain's value by 10x. Now the internet has took off in such a way that people scramble for names like this, probably even at $1.5M.

You would probably be lucky to get $1000 for it 15 years ago.

Times sure do change eh.
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daj

13 years ago

Originally Posted by sbucciarel

When I click on the link it just redirects to the latest listings ... not that listing. Anyone else getting that? Also looked at all of the just sold listings and it is not there.

Yes, I'm getting that now too. I suspect they deleted it, due to it being a fake bid. It will most likely end up being relisted.

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Adie 13 years ago

Am I missing something? It redirects me to flippa lists, not to individual auction....
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LukeH 13 years ago

I think someone saw potential, that is about it. Just needed to buy it I guess :S
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Michael Mayo 13 years ago

Maybe if Stone gets some time he'll chime in and clear up the speculations.

Have a Great Day!
Michael
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J Bold 13 years ago

I wonder if the auction was taken down and the sale didn't actually happen as the link doesn't work anymore?
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OMG What a Flippa sale!

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