I have listed a site in flippa. As a first time flippa user i am really confused about setting a reserve price. I have started the auction at $1 and the buy it now price is $3000. The site is making around $350/ per month. Can anybody help me setting the reserve price?
Also i saw some threads advising to set a no reserve price ($1). I really like this strategy. But what if the auction ends with a winning bid lesser than what i expected but still meet the reserve price? Should i defintely sell the site if this happens? or can i choose against it?
Thanks in advance