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Help Help Emegency Flippa Auction ?

by birdie28a
23 replies
Hi all,

I need your help, I have an auction that is closing today, and I have a bid below the reserve price. My question is if I accept this offer and its below the reserve I don't have to sell it do I? This is my second auction so I am new to this.

The auction has no bids at this time and the reason I want to accept this offer is because I have 14 people watching it and I want them to see that someone is bidding on the site.

Please Help

Frankie
#auction #emegency #flippa
  • Profile picture of the author KenJ
    you need at least 24 hours for all the "watchers" to keep up with the first bid.
    You have left it a bit late to get good advice

    But you will have to sell it to the low bidder if you get no other interest

    Kenj
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  • Profile picture of the author GoGetta
    No, its like ebay. If you have set a reserve and the bids don't meet it, the auction will end without a winner.

    GoGetta
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    • Profile picture of the author steve m
      Originally Posted by GoGetta View Post

      No, its like ebay. If you have set a reserve and the bids don't meet it, the auction will end without a winner.

      GoGetta

      Same as GoGetta has said. Just because the bid is accepted does not mean you have to sell. only if the price is higher then the reserve you will have to sell.

      All the best

      steve
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  • Profile picture of the author birdie28a
    Thanks guys for all your help.

    Frankie
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  • Profile picture of the author sbucciarel
    Banned
    Your site will not sell if there are only bids that are below the reserve, so it's safe to accept them.
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  • Profile picture of the author Mo Goulet
    Try registering a new account with a different email address and placing a higher bid than the current bid but still under the reserve.
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by proapc View Post

      Try registering a new account with a different email address and placing a higher bid than the current bid but still under the reserve.
      Thanks for the heads up on your shill bidding technique. Mind telling me your Flippa user name so I can avoid your auctions?
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    • Profile picture of the author ozduc
      Originally Posted by proapc View Post

      Try registering a new account with a different email address and placing a higher bid than the current bid but still under the reserve.
      Boo Hoo Hoo!
      Nasty advice.
      I think that would qualifies as promoting a technique which violates another sites TOS.
      Which I believe is grounds for being banned here.
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    • Profile picture of the author remodeler
      Originally Posted by proapc View Post

      Try registering a new account with a different email address and placing a higher bid than the current bid but still under the reserve.
      Holy Moly! I sure hope I never run into any of your auctions. That's pretty low...
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    • Profile picture of the author Mohammad Afaq
      Originally Posted by proapc View Post

      Try registering a new account with a different email address and placing a higher bid than the current bid but still under the reserve.
      WOW, all I can say is WOW

      You would be the last person I would want to do business with
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      “The first draft of anything is shit.” ~Ernest Hemingway

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  • Profile picture of the author pavionjsl
    Unbelievable advice........wow.....
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  • Profile picture of the author Quentin
    Remember most of the bidding happens in the closing stages of the auction so do not wory too much.

    Quentin
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  • Profile picture of the author wwwBaron
    This is a common source of confusion with those new to Flippa. They think that by "accepting" a bid that they are obligating themselves to sell the site, even if it is below the reserve. Also, don't forget that if you accept a bid on Flippa with less than four hours remaining on the auction, it will extend the auction by another four hours to allow other bidders to enter the action. I have seen some active auctions end DAYS after their originally scheduled end time due to endless extensions.
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    • Profile picture of the author Thomas Smale
      Originally Posted by wwwBaron View Post

      Also, don't forget that if you accept a bid on Flippa with less than four hours remaining on the auction, it will extend the auction by another four hours to allow other bidders to enter the action.
      You're close, but this isn't quite true. Auctions are only extended by 4 hours if the bid is PLACED within the last 4 hours. If a bid came 10 hours before the end and you happened to ACCEPT it with 2 hours to go, your auction would NOT be extended. If this was the case people would build up pending bids and accept one every 4 hours to keep their listing going and getting added exposure in the "most active" section.
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  • Profile picture of the author xInd
    Hope the auction is getting bids for you. Was surprised to see somebody suggesting fake accounts... I would be just mad posting and emailing and notifying everyone I knew about the auction to drive more bidders in there, and yeah when it gets down to the 4 hours accept the bid, maybe offer up some bonus somewhere to the next bidder, like a cool pdf or free membership..?
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  • Profile picture of the author King Arthur
    My suggestion is for you to accept the bid if is $10 less than the reserve price. Why well, because it will cost you $9 to relist the site.

    On the other hand, dont do anything that will compromise your reputation, if you are selling in flippa you want to be known for your integrity and then tons of buyers will follow you for the great value you are giving them.

    You also might want to do some testing, to find out if a 1 day, 3 day or longer listing sells better.

    But less say that a week long auction sells. You still need to consider the 7 day ROI vs 1 ROI. I day ROI you can reinvest your earnings and grow much faster. So do some testing based no your business structure.

    Hope it helps

    Dan DeMarco
    Director
    VirtualATMs.com
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  • Profile picture of the author Zabrina
    Okay, I have a similar question. If I have a lowball bid, should I ever lower the reserve to meet it? Or do people bid more often on sites without reserve prices in place?
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by Zabrina View Post

      Okay, I have a similar question. If I have a lowball bid, should I ever lower the reserve to meet it? Or do people bid more often on sites without reserve prices in place?
      I've heard it said that people get more bids with no reserve but I also know a flipper who did it with no reserve and sold very low, much to his chagrin.

      I'm not going to risk a valuable site by not having a reserve and I won't lower my reserve to meet a bid, unless I'm completely willing to let the site go for that amount. Many people test an auction to see how low they can get it. They're not serious buyers. They're looking for dirt cheap. That's ok if your site is not that valuable and you can let it go.
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      • Profile picture of the author Thomas Smale
        Originally Posted by sbucciarel View Post

        Many people test an auction to see how low they can get it. They're not serious buyers. They're looking for dirt cheap. That's ok if your site is not that valuable and you can let it go.
        I disagree. I often put in low bids on sites on various marketplaces to see how the seller reacts. Sometimes they will send me angry PM's calling me a "time waster" and others I will get a polite message informing me of their reserve. The latter are people you want to work with.

        Just because I'm looking to get a good deal below market value, doesn't mean I'm not a "serious buyer". That is a very dangerous assumption to make.
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    • Profile picture of the author Thomas Smale
      Originally Posted by Zabrina View Post

      Okay, I have a similar question. If I have a lowball bid, should I ever lower the reserve to meet it? Or do people bid more often on sites without reserve prices in place?
      I never use a reserve and always have a minimum bid of $1, regardless if my site has a $197 BIN or $10,000. I have an extremely high success rate with this strategy.

      If you want to have a reserve that's fine too. No need to lower it to meet them. Some people just like to test the water, but it is foolish to assume that they are not serious just because they've put a bid in XX below your reserve. Getting a ton of bids well below your reserve is a good way to get your auction into the "most active" section on Flippa too.
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      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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  • Profile picture of the author Zabrina
    Hmm, thanks for the advice. So should I be messaging the bidders to let them know what the reserve price is? Or should I add a comment with the reserve price so it's clearly visible?
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    • Profile picture of the author Thomas Smale
      Originally Posted by Zabrina View Post

      Hmm, thanks for the advice. So should I be messaging the bidders to let them know what the reserve price is? Or should I add a comment with the reserve price so it's clearly visible?
      Don't make it public. If they bid under reserve then I would PM them stating the reserve price, yes. It's important to be proactive with bidders and keep them interested.
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      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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