Case Study- How I Sold a new site on Flippa for $750 and How you can do it too...

markowe

13 years ago

Cool! Did you list the sites as 'new' or 'established?

Thanks
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mailey 13 years ago

Nice one! Did you do any promotion other the listing it on Flippa?
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- pacesetter007 13 years ago
  
  Originally Posted by mailey
  
  Nice one! Did you do any promotion other the listing it on Flippa?
  
  I didn't do any extra advertisement. Didn't even pay for 'featured listing'. Hope that helps?
  
  Thanks
  
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pacesetter007 13 years ago

Originally Posted by markowe

Cool! Did you list the sites as 'new' or 'established?

The sites were listed new. All details provided. Nothing shady. I took time to explain how things will work...

DECEIT can get you your first sale but it wouldn't keep anyone in business...
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Adie

13 years ago

Last week, against all 'expert advice and recommendation', I took my flipping fate into my own hands and sold a bunch of four startup sites with no 'REAL RECORDS' of traffic or revenue...just very little here, little there. This is exactly how I did it.

This is what really disturbs me..... I hope it won't backfire... Your strategy will work if you are on the bandwagon of "sell and forget", but for me who cares for my customers, I don't want to put them into some difficult situation that would make them curse me after several months of having a non-earning site...

No offense but you should not be proud of what you have done.... seriously.

Thanks
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pacesetter007

13 years ago

I'm sure you only read the first part or you didn't read at all...that's gross.

I care about my customer. I care about them making money with my sites and I care to they like my sites and buy from me again....if you read well, I talked about sincerity and respect. I can't stand selling crap to people in the name of making money.
For me;
CUSTOMER SATISFACTION IS MORE THAN THE DOLLAR EARNED

The fact that my sites don't have records like I said does not mean they're not standard...I believed in those sites, I just had to sell them...okay?

I'm proud of what I've done cos my customers are proud of me. I develope relationship not sell overnight and run...got that?

Just had to put things right...it's not a fight though. So, apology if that sounds rude.

Originally Posted by Adie

This is what really disturbs me..... I hope it won't backfire... Your strategy will work if you are on the bandwagon of "sell and forget", but for me who cares for my customers, I don't want to put them into some difficult situation that would make them curse me after several months of having a non-earning site...

No offense but you should not be proud of what you have done.... honestly..

Thanks

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blue_sky

13 years ago

Originally Posted by Adie

No offense but you should not be proud of what you have done.... seriously.

Sorry but thats a really harsh comment - he stated that he was sincere...and the people decide how much they want to spent

I once sold an used book on ebay for 20 bucks more than a new book would have cost...

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pacesetter007

13 years ago

Originally Posted by blue_sky

Sorry but thats a really harsh comment - he stated that he was sincere...and the people decide how much they want to spent

I once sold an used book on ebay for 20 bucks more than a new book would have cost...

Thanks mate, I appreciate that you read between the lines...sincerity is key. Nothing shady will keep anyone in business for long...

[ 1 ] Thanks

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mailey

13 years ago

The approach of the OP seems totally legitimate, It is not like he claimed there was earnings verified with fake screen shots. He told them there is no earnings as it is a starter site and people should make their judgements on that.

Maybe many people buy sites without an knowedge of Internet Marketing and the business world and end up getting burned. With the experience and the contacts, they can possibly turn it into a money making business.

I did see a site on Flippa today that was targetting the keyword 'make money online'. It is an infant site that somehow managed to get a couple of hundred visitors last month but is now receiving nothing. It is unlikely to get anywhere of that kind of traffic in the near future unless a hell of a lot of work is put in. I think selling something like that with promises of riches is bad as the fake screen shots.

Originally Posted by Adie

This is what really disturbs me..... I hope it won't backfire... Your strategy will work if you are on the bandwagon of "sell and forget", but for me who cares for my customers, I don't want to put them into some difficult situation that would make them curse me after several months of having a non-earning site...

No offense but you should not be proud of what you have done.... seriously.

Thanks
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x3xsolxdierx3x

13 years ago

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Thanks
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TimG

13 years ago

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Howie,
For the sites I sell I always pay the success fee relieving the buyer from this responsibility. Not sure if it would have matter for you but it is another buyer benefit you could consider offering.

Also, I did do the featured listing, had my BIN listed and provided paypal screenshots for 12 months worth of sales broken down by each month.

I know those helped sell my last website.

Respectfully,
Tim

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AzzamS

13 years ago

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Definitely too much noise on that page for me to give it any serious thought. Also I was confused about what was on offer at first. For me less would have been more on this page, do you think that potential buyers may have thought this also?

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Sandra Martinez

13 years ago

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

the main reason to buy a website of this type is to make a profit, how are you showing the buyer that he/she will recover the investment and make some more?

answer this in your sales letter and you will be very close to sell it.

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pacesetter007

13 years ago

If I'm in your shoes, this is what I'll do differently...N.B- i'm no expert nor am I claiming to be one...i'm just a normal guy doing his thing his own way.

1. Like we know, put your best advantage or benefit in front i.e buyer benefit
2. Reading the letter, I'm not convinced as an investor. Just some bit of IM analysis which I'll consider boring (personal opinion, please don't take my words for it).
3. I can't find any convincing BIN incentive...or did I miss it? In my case, my BIN bonus was simply not ignorable...like I said, you'll be tempted to buy if only for the BIN BONUS.

Did I make sense?

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Thanks

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sbucciarel

Banned 13 years ago

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

If I'm not mistaken, he sold 4 sites together that had no revenue or traffic. That's a lot different than selling one startup for $750.

Thanks
1 reply

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pacesetter007 13 years ago

Originally Posted by sbucciarel

If I'm not mistaken, he sold 4 sites together that had no revenue or traffic. That's a lot different than selling one startup for $750.

Thanks. Seems you read the whole thread...some people just jump into commenting with reading or understanding what has or have been said before.
(that's not directed to any body please...just a general observation).
- Thanks
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niffybranco

13 years ago

Your title should be tweaked make it grab peoples attention, right now it sounds kinda boring, not criticizing just trying to help

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Thanks

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shabit87

13 years ago

Originally Posted by x3xsolxdierx3x

Since it's over, what could I have done to increase the price of this?

https://flippa.com/auctions/124872/S...Growth-Website

You sold a site that had almost no revenue for $750?

Video walkthrough of the site would have helped. Also presenting to them the possiblities with the website. How to take this website to the next level so to speak.

Having a way to contact you beyond flippa helps build credibility and helps bidders feel at ease (not saying you're not credible by any means btw)

If you don't wanna leave your cell, you can get a free voicemail or just get a google number...that way no one has your 'real' number and your privacy is protected.

Also adding bonuses to the winner period is always good. Have extra incenitves to bid/buy and make sure you put the value in each.

At the top of my head this is all I can think of. Hope it helps and I hope the next auction of yours is win-win!

Thanks

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Karen Blundell

13 years ago

Originally Posted by Adie

This is what really disturbs me..... I hope it won't backfire... Your strategy will work if you are on the bandwagon of "sell and forget", but for me who cares for my customers, I don't want to put them into some difficult situation that would make them curse me after several months of having a non-earning site...

No offense but you should not be proud of what you have done.... seriously.

it is perfectly fine to sell your non-income producing or traffic-getting sites as long as you are upfront about it. I sold one such site in December. As long as the buyer knows up front what they are getting, you as the seller cannot be held accountable if the buyer cannot successfully earn money from the site.

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nuruddeen710

13 years ago

Congratulations on your success... This is a classic "just do it" way of getting things done. If you try to find 1000s excuses before you start, you won't get anywhere in life. Congrats again bro.

Thanks
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pacesetter007

13 years ago

Originally Posted by nuruddeen710

Congratulations on your success... This is a classic "just do it" way of getting things done. If you try to find 1000s excuses before you start, you won't get anywhere in life. Congrats again bro.

Thanks bro. Hope you learnt one or two things from my experience? 'just start' is the key.

Thanks

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pacesetter007

13 years ago

Another thing people didn't notice in this thread is the fact that I bundled four sites together in a listing...did you notice that?

For all those that are questioning the kind of buyer or something...do you care to know the kind of sites they were and what made the bonus so unique...? I think these are questions that should be asked not if truely you want to contribute or learn not just shouting or ranting over nothing...

Thanks
1 reply

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Droopy Dawg

13 years ago

Could you list the auction (link to it) now that it's over? I'd be very interested in seeing the sites you sold as well as the BIN bonus. I tried flipping some new/non-earning sites a few years ago and it didn't go well. I got some bids but sales.

Congrats on that flip I think that's GREAT. I don't see ANYTHING wrong in what you did as long as you were honest upfront about the earnings and traffic.

Good stuff.

DeShon

Originally Posted by pacesetter007

Another thing people didn't notice in this thread is the fact that I bundled four sites together in a listing...did you notice that?

For all those that are questioning the kind of buyer or something...do you care to know the kind of sites they were and what made the bonus so unique...? I think these are questions that should be asked not if truely you want to contribute or learn not just shouting or ranting over nothing...

Thanks

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pacesetter007

13 years ago

@Droopy- I'm but I don't want to link to the auction for obvious reasons

That said, on a general note, when you offer bin bonus like seo, backlink, fixed time support like 2 hours a day to get the buyer familiar with you, flexible payment plan (truth be told) some buyers cannot pay upfront and they'll want flexible payment plan...use your instinct there)...get the idea of bonuses now? Most times, these bonus will prompt a buyer to buy from you other than your original listing.

Did I make sense?
Tim

Thanks
2 replies

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Droopy Dawg

13 years ago

Yeah perfect sense... those are some cool "extras" there.

Originally Posted by pacesetter007

@Droopy- I'm but I don't want to link to the auction for obvious reasons

That said, on a general note, when you offer bin bonus like seo, backlink, fixed time support like 2 hours a day to get the buyer familiar with you, flexible payment plan (truth be told) some buyers cannot pay upfront and they'll want flexible payment plan...use your instinct there)...get the idea of bonuses now? Most times, these bonus will prompt a buyer to buy from you other than your original listing.

Did I make sense?
Tim

Thanks

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paulie888

13 years ago

Originally Posted by pacesetter007

@Droopy- I'm but I don't want to link to the auction for obvious reasons

That said, on a general note, when you offer bin bonus like seo, backlink, fixed time support like 2 hours a day to get the buyer familiar with you, flexible payment plan (truth be told) some buyers cannot pay upfront and they'll want flexible payment plan...use your instinct there)...get the idea of bonuses now? Most times, these bonus will prompt a buyer to buy from you other than your original listing.

Did I make sense?
Tim

Congratulations on your successful auction, Tim. Are the bonuses above the exact ones that you offered with your auction? Did your buyer take you up on your flexible payment plan offer, and if so, what were the terms?

I remember you also mentioning that you offered free hosting - what was the timeframe for this? Regarding support, exactly what type of support/maintenance did you offer, and for how long?

Paul

Thanks
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pacesetter007

13 years ago

Originally Posted by paulie888

Congratulations on your successful auction, Tim. Are the bonuses above the exact ones that you offered with your auction? Did your buyer take you up on your flexible payment plan offer, and if so, what were the terms?

I remember you also mentioning that you offered free hosting - what was the timeframe for this? Regarding support, exactly what type of support/maintenance did you offer, and for how long?

Paul

Paul,
The above bonus and more was what I offered. Like I said before, it'll be hard not to buy the websites with the kind of bonuses I offered.

3 months webhosting was included. 30 days seo work was included, 2 full hours support per day was including using Instant Messaging, I also offered free transfer etc

Flexible payment plan was also included in the agreement. The deal is,

I don't get to transfer the sites till All Payment is made. I.e I get the control. In my case, the buyer was willing to pay more for the extended plan i.e 750 (spread over week or months depending on me) plus an additional fee for not paying ones. My buyer was willingly cooperate.

N.B- if the sum is on the high end, you might need to use escrow or both sign an agreement to bind both of you.

Hope that helped?
Tim

[ 1 ] Thanks
2 replies

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inter123

13 years ago

Sounds like the buyer got a good deal. Are you able to post a link to the auction?

Originally Posted by pacesetter007

Paul,
The above bonus and more was what I offered. Like I said before, it'll be hard not to buy the websites with the kind of bonuses I offered.

3 months webhosting was included. 30 days seo work was included, 2 full hours support per day was including using Instant Messaging, I also offered free transfer etc

Flexible payment plan was also included in the agreement. The deal is,

I don't get to transfer the sites till All Payment is made. I.e I get the control. In my case, the buyer was willing to pay more for the extended plan i.e 750 (spread over week or months depending on me) plus an additional fee for not paying ones. My buyer was willingly cooperate.

N.B- if the sum is on the high end, you might need to use escrow or both sign an agreement to bind both of you.

Hope that helped?
Tim

Thanks
1 reply

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pacesetter007 13 years ago

For obvious reasons, I don't want to link to it

Wish I could.

Originally Posted by inter123

Sounds like the buyer got a good deal. Are you able to post a link to the auction?
- Thanks
- 1 reply
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- mj9999 13 years ago
  
  Of the last 3,500 successful auctions, around 2,500 were for sites that showed no revenue. Actually, some auctions show no revenue in the revenue section but the seller shows revenue elsewhere in the ad. So, in reality, there were less than 2,500, but probably not many.
  
  At any rate, that's a clear majority for startups and some sellers are having great luck selling sites they have yet to monetize.
  
  Not sure about unsuccessful auctions. Who knows. Maybe they were mostly startups.
  
  Thanks
  
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paulie888

13 years ago

Originally Posted by pacesetter007

Paul,
The above bonus and more was what I offered. Like I said before, it'll be hard not to buy the websites with the kind of bonuses I offered.

3 months webhosting was included. 30 days seo work was included, 2 full hours support per day was including using Instant Messaging, I also offered free transfer etc

Flexible payment plan was also included in the agreement. The deal is,

I don't get to transfer the sites till All Payment is made. I.e I get the control. In my case, the buyer was willing to pay more for the extended plan i.e 750 (spread over week or months depending on me) plus an additional fee for not paying ones. My buyer was willingly cooperate.

N.B- if the sum is on the high end, you might need to use escrow or both sign an agreement to bind both of you.

Hope that helped?
Tim

Thanks for elaborating, Tim. It'd truly be a no-brainer, especially with all the extras you offered. Did you sign an agreement with the purchaser in this case, or use escrow?

In addition, did you specifically state what type of support you'd be offering for the 2 hours per day, and how long you were going to provide it?

Paul

Thanks
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pacesetter007

13 years ago

Originally Posted by paulie888

Thanks for elaborating, Tim. It'd truly be a no-brainer, especially with all the extras you offered. Did you sign an agreement with the purchaser in this case, or use escrow?

In addition, did you specifically state what type of support you'd be offering for the 2 hours per day, and how long you were going to provide it?

Paul

To start with, I didn't sign an agreement although I could if I wanted to but since somehow I trusted the buyer and the control was with me, I didn't really bother much...
N.B- it's a brilliant idea to sign an agreement if you're dealing with a large sum of money o

The buyer would have my support until the site is set and fully functional. The marketing is fully at his discretion and he understands that the sites wouldn't make a dough if he's sitting down doing nothing

that part of the deal is clear.

Was that clear enough?

Tim

Thanks

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pacesetter007

13 years ago

If there's any question, let 'em roll.

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Andrea Wilson

13 years ago

Smart pants...you have done a good job in selling a complete 4 site package even though they are fairly new. The bonuses are tempting enough, but I dont think you will offer the same incentives if the site you will be selling is an established one?

Andrea

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pacesetter007

13 years ago

Originally Posted by Andrea Wilson

Smart pants...you have done a good job in selling a complete 4 site package even though they are fairly new. The bonuses are tempting enough, but I dont think you will offer the same incentives if the site you will be selling is an established one?

Andrea

Obviously not. I'll say that the sites sold more because of the Bin bonus and not necessarily the main offer.
If I was selling an established site, the incentive may or may not be more depending on how much I want for the sites. If my Bin is considerably high and the site is established, I might throw in one or more insane benefits to increase 'buyers' confidence'.

Thanks

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Blade Runner 77

13 years ago

I applaud your approach, and congrats on getting a good reward for your efforts. (You're a great rep for Nigeria, lol) I'm sending a pm to you as well ...

Thanks
1 reply

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pacesetter007 13 years ago

Blade,
PM replied. Enjoy your day.
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greatseoservice

13 years ago

I love the idea with 1$ minimum bid

Thanks

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aulia

13 years ago

congaratulations mate....

what is your monetizing strategy for this website ???

Thanks
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pacesetter007 13 years ago

Originally Posted by aulia

congaratulations mate....

what is your monetizing strategy for this website ???

They are basically amazon niche sites. Very Nichy...
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kjblitz

13 years ago

Congratulations on your success. I guess this is one way to diversify income sources so that you are not too dependent on SEO or Adwords. Might look into flipping sites myself. Any recommendation on a good program that teaches you how to do it?

Thanks

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pacesetter007

13 years ago

I taught myself. No program...only recommendation and networking with already successful flippers. Sometimes you'll want to test out ideas for your self and think outside the box.

Tim

Thanks

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Maximillion_Z

13 years ago

pacesetter007, what type of site did you sell.

I'm not asking for the niche or anything like that. I mean, was it an information product and sales page, a content site, a blog?

Well done for making such a profit. If you put the detailed procedure into an ebook, I'd seriously think about purchasing it.

It's the ideal thing.

How long did it take to setup these sites?

Thanks
1 reply

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pacesetter007

13 years ago

Let me take it one after the other.

The websites were amazon niche sites. Very nichy. An example is 'over the door towel rack'. The domain are almost exact match...

It takes around 30mins to 1 hour to setup one from start to finish if I'm using a fast server...( I'm in Nigeria) and most cafes are DAMN slow.)

The sites are setup like blog like stores...

Did that help?
Tim

Originally Posted by Maximillion_Z

pacesetter007, what type of site did you sell.

I'm not asking for the niche or anything like that. I mean, was it an information product and sales page, a content site, a blog?

Well done for making such a profit. If you put the detailed procedure into an ebook, I'd seriously think about purchasing it.

It's the ideal thing.

How long did it take to setup these sites?

Thanks
1 reply

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Maximillion_Z

13 years ago

It certainly did help. Thank-you.

I personally have spent weeks creating startup info-product sites, so doing it in an hour makes the process sound even more amazing.

Another question -- if you didn't provide bonuses - do you still think these would sell, perhaps at a lower price?

(trying to imagine how many sites could be cranked out per week to flip)

Originally Posted by pacesetter007

Let me take it one after the other.

The websites were amazon niche sites. Very nichy. An example is 'over the door towel rack'. The domain are almost exact match...

It takes around 30mins to 1 hour to setup one from start to finish if I'm using a fast server...( I'm in Nigeria) and most cafes are DAMN slow.)

The sites are setup like blog like stores...

Did that help?
Tim

Thanks
1 reply

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pacesetter007

13 years ago

Originally Posted by Maximillion_Z

It certainly did help. Thank-you.

I personally have spent weeks creating startup info-product sites, so doing it in an hour makes the process sound even more amazing.

Another question -- if you didn't provide bonuses - do you still think these would sell, perhaps at a lower price?

(trying to imagine how many sites could be cranked out per week to flip)

Really, I believe the sites would still have sold at a lower price but I think the price would be ridiculous...people bid peanuts for sites without revenue but ones you can show something in terms of revenue, interests begin to rise for your auction...

So without bonuses, they'd have sold for ridiculous prices.

My next experiment is to sell startup sites with BIN of less than $200 around $120-$150 with my insane bonuses as usual and see if I can sell one everyday...

Note that people buy sites for different reasons, some for seo and others for real business and some just buy them without doing anything with them.

Hope that helped?

Tim

Thanks

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sarahberra

13 years ago

WOW! Thanks for sharing!! Good job.

Thanks

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mytoy78

13 years ago

Hello,

sorry to jump in on this conversation, but I have a site I got about a month ago and neighter have the time nor I suppose the expertise to market what is proving to be such a tough market. I'd really like to sell it for as much as I can (634 usd in the first place) then a further 100 usd to have it search engine optimised. Does anyone have any advice for selling on flippa, or indeed would anyone be interested in selling it on my behalf for a 10% commision? Like I said I don't really have the expertise.

Thank you for reading

Colin Armour

mytoy78

ps this is the site

Buy books | Online book shop | Bargain books | Buy textbooks

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pyrotechno

13 years ago

Good info, thanks for sharing

Thanks
1 reply

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pacesetter007 13 years ago

Originally Posted by pyrotechno

Good info, thanks for sharing

Thanks. I hope you have picked one or two lessons.

Tim
- Thanks
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richtaylor

13 years ago

Flippa is inundated with crappy listings and no amount of bonuses will change that.

You say you are about honour and not deceiving the customer which you maybe never intended to do but we all know that the majority of Flippa listings are won by newbies and if your sites turn out to be a overpriced...($750 for new site with no rev?!!!) then I can see how you will either transform this person into a nervous skeptic or worse they'll feel compelled to turn another newbie over.

The fact that you are on here bragging about your ability to sell a brand new site for such a high-price tag does say something about your intentions because you almost can't believe it yourself (judging by the tone of your writing).

I don't wish to accuse you of being a bad person but I do find it frustrating that people like you are creating a culture of crank 'em out and flog 'em on which only serves to burn the fingers of the newbies who in turn go on to do the same thing in future and all we're left with is one big pyramid setup which sucks.

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niffybranco

13 years ago

Originally Posted by richtaylor

Flippa is inundated with crappy listings and no amount of bonuses will change that.

You say you are about honour and not deceiving the customer which you maybe never intended to do but we all know that the majority of Flippa listings are won by newbies and if your sites turn out to be a overpriced...($750 for new site with no rev?!!!) then I can see how you will either transform this person into a nervous skeptic or worse they'll feel compelled to turn another newbie over.

The fact that you are on here bragging about your ability to sell a brand new site for such a high-price tag does say something about your intentions because you almost can't believe it yourself (judging by the tone of your writing).

I don't wish to accuse you of being a bad person but I do find it frustrating that people like you are creating a culture of crank 'em out and flog 'em on which only serves to burn the fingers of the newbies who in turn go on to do the same thing in future and all we're left with is one big pyramid setup which sucks.

4 websites for $750 that is less than $200 a site, plus the buyer gets bonuses? I don't know where you buy your sites from , but to me that is pretty damn cheap.

If you buy a start up site for less than $200 and you think you are not going to spend time or money to make it profitable then you are scamming yourself.

When you buy a starter site you are paying for the time the designer put into building it nothing else. Now, is good web design worth more than $200 ? It sure is.

If you go to flippa and believe a site you paid $200 should offer you more than basic web design ,then you must be dreaming. At most the seller will offer you advice on how to market it or offer to carry out some seo or other work as a bonus.

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Duquette

13 years ago

Originally Posted by niffybranco

If you expect to buy a site that is already making a decent amount of money for $200 then you deserve to be scammed .

There is a saying that goes you cannot scam a honest man , you can only scam people who want something for nothing.

There is nothing wrong with selling starter sites on flippa as long as you do not make any ridiculous claims. Yes wordpress is free , but that is not what people pay for, people pay for the time and expertise it goes into building a site. Not everybody can build a wordpress blog.

The OP stated he started his auction at $1 thus leaving it up to buyers to decide what his offer is worth.

No where did he claim he promised a site that makes money on auto pilot.

In fact if you read the thread you would see he offered the following bonuses
3 months webhosting was included. 30 days seo work was included, 2 full hours support per day was including using Instant Messaging, I also offered free transfer etc

That alone is worth more than $750 in my own opinion.

Sigh

and dont forget the flexible payment plan, I think that's the key. flexible payment plan .., hmm ..

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pacesetter007 13 years ago

Originally Posted by Duquette

and dont forget the flexible payment plan, I think that's the key. flexible payment plan .., hmm ..

Thanks for pointing that out. Seems you actually read the post and not just jump in just to increase you post count

I wish people can read the whole thread before commenting. It'll have been a whole lot better!

Tim
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pacesetter007

13 years ago

Originally Posted by richtaylor

Thanks for point this out, and it was kind of the point of my original post. I'm not looking for a site to be $10 in fact I've spent £8k on acquiring websites and domains this year so you can hardly call me cheap.

I'd happily pay $200+ to have a site designed but I am imagining that the listing wasn't selling a website design it was probably flogged as a money making concept with potential when as it stands it is basically a shell (probably running on WordPress with a theme on it) which anyone could put together making that $200 price tag seem a little on the expensive side!

My point was that Flippa isn't about selling a website that is basically a shell and an idea, I suspect pacesetter007 managed to sell the sites on the basis that these great ideas + bonuses are going to 'run on autopilot' or 'be really big' in the future... it is these kinds of Flippa listings that destroy the marketplace and burn the fingers of newbies

I'm not on some crusade to shield the newbie or anything like that but I do think that if you pull something off, it is best kept to yourself

Hello RichTaylor,
You see, something gets me wondering and that is, 'do people actually read the whole thread before commenting?' from my findings, I know they don't!

You pointed out that I was 'selling a shell' and a 'promise' in additional to a 'potential'. Oh well! I was!

Let me ask you this, 'when you buy a site with a traffic record and a revenue source, what are you buying?'
I can hear you say ' it's got a steady traffic or revenue right? But the fact is, you're actually buying a promise and a potential. Who told you that that site will continue to perform even with the best traffic and revenue analysis? Nothing is guaranteed!

So...as with anything, especially with investment, you're actually buying a 'dream'. Okay?

I understand your point of view but to say I was selling 'dream' and 'potential' sounds to me like......if you'd read the whole thread, i'm sure you'll not have made that comment you made and thanks to those that followed it and gave you a 'nice reply'.

To end with- when you site gold on a particular land, are you buying the land or buying the 'potential'? Definitely the potentials which is the gold. So? I'd employ you to think over it and if you still have a point to prove...well, the floor is opened

Tim

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Trapped

13 years ago

Originally Posted by pacesetter007

Let me ask you this, 'when you buy a site with a traffic record and a revenue source, what are you buying?'
I can hear you say ' it's got a steady traffic or revenue right? But the fact is, you're actually buying a promise and a potential. Who told you that that site will continue to perform even with the best traffic and revenue analysis? Nothing is guaranteed!

Hey Tim,
I understand you want to somehow protect what you are doing, but you can't say that buying an established site with revenue and traffic is buying potential, that just simply doesn't make sense, and here is why;

A site with proven traffic = a site that does require minimum to NO work
A site that generates revenue = a site that starts to recover your investment since day 1, not month 1

So to answer your question, when buying a site with traffic and revenue...I am buying a property that is ready to recover my investment and not a site that needs more work to START recovering the investment.

And NO, when you invest you invest on solid background, with potential to INCREASE that not to START BUILDING it into a money machine.

You were good, and you sold something for 750 USD, to the buyer that seemed as a sweet deal, to me or to richtaylor thats not a "sweet deal". To be more precise, to me, what you sold is 4 domains with VA features (i.e. consulting 2 hours, some seo service/consulting or etc..) for 750, where I would buy 10 unique articles per site at 10 per article and spend $400 (or less), and with 350 USD I would hire a link builder to work on all 4 sites and get the same, if not even more, then what I would buying the 4 startup sites.

No offense, i repeat, you were good and you sold, but I don't think it is fair to jump on someones neck just because he thinks in a different way, and so do I.

Cheers,
Astrit

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pacesetter007

13 years ago

Originally Posted by Trapped

Hey Tim,
I understand you want to somehow protect what you are doing, but you can't say that buying an established site with revenue and traffic is buying potential, that just simply doesn't make sense, and here is why;

A site with proven traffic = a site that does require minimum to NO work
A site that generates revenue = a site that starts to recover your investment since day 1, not month 1

So to answer your question, when buying a site with traffic and revenue...I am buying a property that is ready to recover my investment and not a site that needs more work to START recovering the investment.

And NO, when you invest you invest on solid background, with potential to INCREASE that not to START BUILDING it into a money machine.

You were good, and you sold something for 750 USD, to the buyer that seemed as a sweet deal, to me or to richtaylor thats not a "sweet deal". To be more precise, to me, what you sold is 4 domains with VA features (i.e. consulting 2 hours, some seo service/consulting or etc..) for 750, where I would buy 10 unique articles per site at 10 per article and spend $400 (or less), and with 350 USD I would hire a link builder to work on all 4 sites and get the same, if not even more, then what I would buying the 4 startup sites.

No offense, i repeat, you were good and you sold, but I don't think it is fair to jump on someones neck just because he thinks in a different way, and so do I.

Cheers,
Astrit

Mr Trap,
I'm not sure there's any point ranting over a closed deal. Is there?

I could answer you in two ways.
1. Show your where you're missing it and then try to reason it out and be logical.
2. Ignore you and your talks with the impression that you don't know what you're talking about

The point is, I wouldn't go for option 2, you know why? I believe people can assume stuffs without a good knowledge base but ones they understand the bases, you can think it over and reason logically.

If you had read the whole thread, most of the issue you're bringing up will not be coming up.

1.I declared explicitely in my listing that the sites were new.
2. My reserve was $1
3. I offered bonuses.
4. Site flipping is my business....

I ask you this- with $400, can you get yourself all the bonuses I offered? Including some I didn't disclose?...think along long term deals....got that?

Did you understand the fact that what you consider valuable might be thrash to some other people? Ever thought of that?

Now let's reason together...cos we're not fighting...we just have different point of views which is why we're human beings in the first place.

The buyer didn't find a 'sweet deal' like you mentioned. He saw value and he bought into it. How? If I estimate all the 'goodies' the buyer will benefit, it'll sum around $3,000. I don't want to go into details but like I said, I build and develope websites and I know 'sweet spots' when I see one.

To come on a public forum and talk thrash or bash a 'POST' without reading the whole thread or understanding the whole thread sounds like a sore throat to me

What matter to me is the fact that I sell, my buyers buy and don't have the feeling of being ripped off. What better way can satisfaction come?

I put that to you. Hook me up and let's rant. With the way you're sounding, I think you're a gentleman. Seriously.

Tim

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shabit87

13 years ago

Originally Posted by Trapped

Hey Tim,

A site with proven traffic = a site that does require minimum to NO work
A site that generates revenue = a site that starts to recover your investment since day 1, not month 1

And NO, when you invest you invest on solid background, with potential to INCREASE that not to START BUILDING it into a money machine.

You were good, and you sold something for 750 USD, to the buyer that seemed as a sweet deal, to me or to richtaylor thats not a "sweet deal". To be more precise, to me, what you sold is 4 domains with VA features (i.e. consulting 2 hours, some seo service/consulting or etc..) for 750, where I would buy 10 unique articles per site at 10 per article and spend $400 (or less), and with 350 USD I would hire a link builder to work on all 4 sites and get the same, if not even more, then what I would buying the 4 startup sites.

No offense, i repeat, you were good and you sold, but I don't think it is fair to jump on someones neck just because he thinks in a different way, and so do I.

Cheers,
Astrit

I don't think you're getting it. Its already been stated the bonuses added a lot of value. Plus everything you just listed that you could do yourself takes time, time equals money! You'd not only have to have the work done, but find someone dependable to do it and we all know how tedious that task can be.

If you're willing to do all this leg work and buy the bonuses as stand alone yourself, then maybe this offer wouldn't be ideal for you, but for someone who wants to get a head start and rather not be bothered with such task, this is an excellent deal!

Now you said something that is completely false and I have to touch on it because I don't want anyone to think its true.

Traffic and revenue already coming in does not mean little to know work.

If you want to maintain or better yet increase the traffic and income you'll need to work, period, there's no real way around it. So for anyone you thinks they can just buy a site and let it sit (and still have traffic and income), you'll be in for a world of disappointment.

Sure you may get a few sales/commission here or there, but it'll slowly die off. Now if you're buying some big name site thats already established itself as a brand, this may not be the case, but those come far and few.

Not sure what your intentions were with your post, but there is not a lot of truth to it. Now if you don't feel its worth it, thats your opinion and of course you're entitled to it, but to suggest that the deal created was in some way unfair is just inaccurate and a bit...

The word's slipped my tongue, so I'll just end it here.

Great thread, wonderful share and congrats on your sale OP!

Thanks
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Trapped

13 years ago

Originally Posted by shabit87

Not sure what your intentions were with your post, but there is not a lot of truth to it. Now if you don't feel its worth it, thats your opinion and of course you're entitled to it, but to suggest that the deal created was in some way unfair is just inaccurate and a bit...

ROFL! Who on earth said that the deal was unfair? Who on earth was bashing the OP when I even congratulated him several times because it does take talent to sell start-ups at that price?

Try to re-read my post to richtaylor and you might, and i mean just MIGHT come up to the reason that I replied (and quoted) richtaylor's comment.

Nobody (or at least I wasnt) bashing the OP, I just simply replied to a comment left by richtaylor and his "point of view" which happens to be similar to mine. But if you don't like to read what I write, feel free to just skip my comment instead of adding such false claims as the one quoted in this comment.

Cheers and peace.

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shabit87

13 years ago

Originally Posted by Trapped

ROFL! Who on earth said that the deal was unfair? Who on earth was bashing the OP when I even congratulated him several times because it does take talent to sell start-ups at that price?

Try to re-read my post to richtaylor and you might, and i mean just MIGHT come up to the reason that I replied (and quoted) richtaylor's comment.

Nobody (or at least I wasnt) bashing the OP, I just simply replied to a comment left by richtaylor and his "point of view" which happens to be similar to mine. But if you don't like to read what I write, feel free to just skip my comment instead of adding such false claims as the one quoted in this comment.

Cheers and peace.

I wasnt directing this toward you, I was pointing out common things I see myself when it comes to people evaluating websites, sorry if you felt as if I was bashing or solely targeting you. And I commented on your statement, whether yours or not, I thought I'd comment on them. Call it a rant if you will but don't take offense, like most post its my opinion and things I know to be true from personal expierence.

P.S. And I do see where I thought you were saying the deal was unfair when you in fact were referring to someone's comments and defending them, my mistake for misunderstanding.

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xtrapunch

13 years ago

Buyers on Flippa don't just throw away money. They make sure that they get value of their every single penny. The key to selling a website on Flippa is revenue. Or, just sell new turn-key sites.

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Duquette

13 years ago

sorry, but this thread is funny .. lol ..

different people, different point of view. if you think brand new website can't be sold for $700+, think again. some people can sell website for $200/website. multiple by 4, and it's already $800.

https://flippa.com/126310-Fully-Load...al---BIN-Bonus, (it's not my site, nor I know who have it, it's just an EXAMPLE)
Site Established 8th Mar, 2011.
Started: Thu, Mar 10, 2011
Completed: Sun, Mar 13, 2011
Sold : $699
Wordpress, not an unique template, some contents, some basic SEO done.

it's ONE site, just one site. not four sites. and no flexible payment plan.

judging the op without seeing through all the posts, is funny.., and I don't stand in whoever side, but really, you guys should read the entire posts before making a comment.

doesn't enough ?, entertain your eyes then :
https://flippa.com/buy/listings?incl...r=refinesearch

Denny

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pacesetter007

13 years ago

Originally Posted by Trapped

Hey Tim,
I understand you want to somehow protect what you are doing, but you can't say that buying an established site with revenue and traffic is buying potential, that just simply doesn't make sense, and here is why;

A site with proven traffic = a site that does require minimum to NO work
A site that generates revenue = a site that starts to recover your investment since day 1, not month 1

So to answer your question, when buying a site with traffic and revenue...I am buying a property that is ready to recover my investment and not a site that needs more work to START recovering the investment.

And NO, when you invest you invest on solid background, with potential to INCREASE that not to START BUILDING it into a money machine.

You were good, and you sold something for 750 USD, to the buyer that seemed as a sweet deal, to me or to richtaylor thats not a "sweet deal". To be more precise, to me, what you sold is 4 domains with VA features (i.e. consulting 2 hours, some seo service/consulting or etc..) for 750, where I would buy 10 unique articles per site at 10 per article and spend $400 (or less), and with 350 USD I would hire a link builder to work on all 4 sites and get the same, if not even more, then what I would buying the 4 startup sites.

No offense, i repeat, you were good and you sold, but I don't think it is fair to jump on someones neck just because he thinks in a different way, and so do I.

Cheers,
Astrit

Originally Posted by Duquette

sorry, but this thread is funny .. lol ..

different people, different point of view. if you think brand new website can't be sold for $700+, think again. some people can sell website for $200/website. multiple by 4, and it's already $800.

https://flippa.com/126310-Fully-Load...al---BIN-Bonus, (it's not my site, nor I know who have it, it's just an EXAMPLE)
Site Established 8th Mar, 2011.
Started: Thu, Mar 10, 2011
Completed: Sun, Mar 13, 2011
Sold : $699
Wordpress, not an unique template, some contents, some basic SEO done.

it's ONE site, just one site. not four sites. and no flexible payment plan.

judging the op without seeing through all the posts, is funny.., and I don't stand in whoever side, but really, you guys should read the entire posts before making a comment.

doesn't enough ?, entertain your eyes then :
https://flippa.com/buy/listings?incl...r=refinesearch

Denny

Thanks man. Thumb up on those auctions you dug up. Splendid!

Tim

Thanks
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Duquette

13 years ago

Originally Posted by pacesetter007

Thanks man. Thumb up on those auctions you dug up. Splendid!

Tim

then why don't you push the thanks button in my post :p
just kiddin,,

I just hate when someone say 'you can't do this', 'you can't do that', while in fact, the one who can't do it it's just ..., themself..

it's okay if we think we can't do it, but it's not okay if we starting to make people believe what we believe.

Denny

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pacesetter007

13 years ago

Originally Posted by Duquette

then why don't you push the thanks button in my post :p
just kiddin,,

I just hate when someone say 'you can't do this', 'you can't do that', while in fact, the one who can't do it it's just ..., themself..

it's okay if we think we can't do it, but it's not okay if we starting to make people believe what we believe.

Denny

DONE MAN! So thanks for diging up that auction again!

Tim

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pacesetter007

13 years ago

Thanks guys for keeping this thread burning. I think the whole bone of contention here is the 'point of view' and of course every has got one!

I respect your point of views so respect mine!

Tim

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aaronngoh

13 years ago

There are some many people who are buying "things" to make money online.

I did remember my starting cost to have a website done.

beside the design, domain and hosting, there is the education behind it.

I spend thousands of dollar to know how to build a website

Plus hundreds of dollars to put up the site

If someone who buy sites that has no income, this is a really leverage for the buyer

The buyer just need to focus on generating traffic to make money which is really a sweet deal.

I would think that there are so many opinion on this because people are looking at the same listing from various prospectives.

Moreover, our conditioning, belief and values affect our evaluation.

Best of luck and keep on making money from flippa...

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Case Study- How I Sold a new site on Flippa for $750 and How you can do it too...

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