FreeMarket, still a LONG ways to Go..

by fcf360
4 replies
The buyer functionality is the most important. You need buyers to hang around your sites. In that department, Flippa has FreeMarket beat 100 to 0. And without the buyers, you may have a lot of junk listings, and if anyone really want to sell a site, they'll still be going to Flippa.

"The home page looks good, but the functions of the site are unappealing, imo. If I were a buyer coming in, I wouldn't stay long and I wouldn't come back."
#freemarket #good #long #start #ways
  • Profile picture of the author mattbarrie
    Originally Posted by fcf360 View Post

    The buyer functionality is the most important. You need buyers to hang around your sites. In that department, Flippa has FreeMarket beat 100 to 0. And without the buyers, you may have a lot of junk listings, and if anyone really want to sell a site, they'll still be going to Flippa.

    "The home page looks good, but the functions of the site are unappealing, imo. If I were a buyer coming in, I wouldn't stay long and I wouldn't come back."
    What functions do you want?
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  • Profile picture of the author Mr Bill
    Originally Posted by mattbarrie View Post

    What functions do you want?
    Thanks for asking Matt.

    I'd like to see the income put into some perspective. The usual measure is "per month nett". At a quick glance I couldn't tell if that was revenue for the entire life of the website (not very useful) or if it was "per month nett". That also goes for any stats such as visits. I'm seeing numbers but are they monthly or "ever since the site was born"?

    I'd also like to see a "completed listings" feature so we can see what sites just sold for. I know the other site uses "just sold" but it's a handy feature for doing research and optimisation.

    I think the filters also need work. I want to be able to set my own numbers. I was trying to find a site that made $1,000 (per month) but I could get the slider to stop at $100 or $1,000 and it was impossible.

    A negative search or more search choices would also be good. I want to search for domains by TLD. If I want only .com or I don't want any .info or I want to eliminate the word "blog" using -blog in the search box (like ebay) that would also make the site much more useful.

    It would also be handy to know the "Buy It Now" price. I had to click "Buy It Now" on an ad to see the price and was confronted with this (rather plain) message box that said...

    "Are you sure you want to offer to buy this listing for $10000 USD?"
    Apart from the need for commas in the number there was no mention of that price anywhere in the ad. If I'd known that a guy was selling a site that makes $2,000 a month (no proof offered) for $10,000 I'd be in more of a position to know if I should click on it or not.

    Edit: I see the "Buy It Now" prices listed in the search results but it's not anywhere in the ad so that might have to be looked at. Perhaps change the column called "Price" to "Current Price" or "opening price" or "current bid" or something?

    There doesn't seem to be a way to research any of the buyers. I clicked everywhere on and around the avatar but all that's offered is a public commenting system. I think a private messaging function as well as a profile area with history and a rating system is needed. I'd be much more inclined to buy from someone who has been given a good rating from someone I know or respect or can trust.

    This particular buyer had one massive 600 word paragraph slab of text. Obviously it needed formatting to display correctly but there were no links to any proof income of any kind. Someone to look over the ads and make sure they present at least to a minimum readable standard would also be nice as this sort of ad lowers the tone and trust of the entire site I think.

    I see one ad with "$16.02k" as it's price. This is fugly and weird. It needs to be the full price (at least until it goes into the millions) I think.

    The "other" site also has a filter so when we click on the site to view it none of the ads are visible otherwise it could lead to people getting banned from their ad networks for fake clicks.

    These are just my initial thoughts. I hope it helps Matt.
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  • Profile picture of the author TryBPO
    Buyers are important, OP, but you've got to get the sellers (inventory) to even attract the buyers. It sounds silly, but Flippa's listing fee is a good thing, IMO, it keeps the listings from getting cluttered.

    Bill's suggestions are helpful, IMO. I'd love to see a strong Flippa competitor emerge and I think the Freelancer/WF guys are in a good position to make that happen. They've got the reach and the funds to really take a stab - will be interesting!
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by TryBPO View Post

      Buyers are important, OP, but you've got to get the sellers (inventory) to even attract the buyers. It sounds silly, but Flippa's listing fee is a good thing, IMO, it keeps the listings from getting cluttered.

      Bill's suggestions are helpful, IMO. I'd love to see a strong Flippa competitor emerge and I think the Freelancer/WF guys are in a good position to make that happen. They've got the reach and the funds to really take a stab - will be interesting!
      I doubt that they'll stay free for long. Just a guess... and yes, the free listings attract the bottom scum of websites and domains as well as the scammers.

      That aside, if Freemarket is going to be a real Flippa competitor, it will have to go outside of the WF and certainly outside of Freelancer. The majority of serious buyers and sellers are not here. The WF is a mere dot on the Internet. If Freemarket relies only on WF to populate the site with listings, there won't be much of value to attract serious buyers. There'll be a whole bunch of starter sites advertising thousands of dollars of "potential" rather than well established sites making real, verifiable bucks.

      To be clear, there's a whole lot of that on Flippa as well ... a lot of junk sites and junk domains. That's unavoidable, but you have to be able to attract sellers who sell established, revenue producing sites and buyers off of the WF to really compete with Flippa.
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