by rahmat
32 replies
Here are my strategies on flipping website at flippa.com

1. Always use Escrow.com


I know it has a fee, slower, and quite troublesome. But, look at the bright side.. As a seller, you won't get scammed by buyer. Here is what whould happen if you don't use Escrow.com: you can get chargeback or reverse transaction if using paypal.

2. Communicate with potential buyer

Using Flippa, you can communicate with your potential buyer privately. Or you can use skype to communicate. One thing you should be aware of is that make sure you do not breach flippa terms by dealing outside flippa.

3. Start at 1 USD

How much do you think your site worth? 100 USD? 500 USD? 10K USD? No matter how much your site worth, it is a very good idea to start low at 1 USD. This will increase the number of people 'watching' your auction. Just make sure that you put a reserve price.

4. Don't bother to get featured

I have an auction that was featured in the flippa main page, and it got 11 people 'watching' the auction. The site was not sold because the highest bid was below the reserve price. Then, I re-listed the site. This time I did not bother to get featured at main page. The result is surprising, 13 people 'watching' this auction. The site sold this time.

5. Show them what you got

A website can be valued based on the revenue it generates, or the traffic it gets, or the content it has. As a seller, you should keep track of the revenue it generates. You also need to keep track of the traffic and content it has. Although Flippa support google analytics, you can also use different statistics software such as AwStats as a screenshot. Show to the potential buyer what your site is worth.

Hit the Thanks button below if you find this post useful!

That's what work for me.. tell me what work for you?
#flippa #selling #websites #works
  • Profile picture of the author rahmat
    6. Increase Your Trust Rating

    Flippa has this thing called Trust Rating. It enables you to roughly examine the reliability of a user in Flippa. To increase your Trust Rating, you can add telephone verification, get positive user feedback, have an aged account, and connect to linkedin and facebook. If you are unsure about someone, you can always refer to strategy #2 "Communicate with potential buyer".
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  • Profile picture of the author Trusted Friend
    Originally Posted by rahmat View Post

    Here are my strategies on flipping website at flippa.com

    1. Always use Escrow.com


    I know it has a fee, slower, and quite troublesome. But, look at the bright side.. As a seller, you won't get scammed by buyer. Here is what whould happen if you don't use Escrow.com: you can get chargeback or reverse transaction if using paypal.

    ...

    That's what work for me.. tell me what work for you?
    There's not only escrow.com, but other genuine escrow services.

    For instance, Transpact.com can be quicker, more customisable (and so more secure in a domain/website transfer) and less hassle all round (it also normally works out cheaper).

    I am biased (as I work for the company), but I believe I'm right.
    Those who have used Transpact.com for domain transfer come back time after time.

    When considering escrow services, always check the relevant Government register to ensure the website is genuine, as there are many fake escrow websites out there ready to steal your money, and the only way to protect yourself is to independently check the relevant Government register.
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    • Profile picture of the author rahmat
      Originally Posted by Trusted Friend View Post

      There's not only escrow.com, but other genuine escrow services.

      For instance, Transpact.com can be quicker, more customisable (and so more secure in a domain/website transfer) and less hassle all round (it also normally works out cheaper).

      I am biased (as I work for the company), but I believe I'm right.
      Those who have used Transpact.com for domain transfer come back time after time.

      When considering escrow services, always check the relevant Government register to ensure the website is genuine, as there are many fake escrow websites out there ready to steal your money, and the only way to protect yourself is to independently check the relevant Government register.
      The thing is that flippa give 10% discount of the escrow fee if you use Escrow.com. It is also integrated with Flippa system. Check here for more information: New Feature: Escrow Payment Integration | Flippa Blog | Buy & Sell Websites

      I have never used Transpact.com . It seems like a good alternative. It has a lower escrow fee.
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      • Profile picture of the author Piper Anderson
        I make sure to respond promptly to all buyer inquiries. I answer all questions thoroughly and honestly about a website. If someone asks for additional screen shots of traffic or income beyond the ones I've posted, I will email that info to them. I try to be as accommodating as possible so people can make an informed buying decision.

        I periodically check the Just Sold section to see what the sellers of higher priced sites did to get that price, and sometimes adjust my own strategies or sales letters accordingly, if it seems like the right thing for my Flippa business model. You can always learn new things in the Just Sold section.

        I also ALWAYS have a reserve price, and though I've experimented with the $1 starting price, I've found that I get more watchers and actual bidders when I start with a $10 starting price. Something about the $10 starting price increases the value of the site in the eyes of potential buyers.

        And I never use the Flippa upgrades. I've experimented with those, too, and have found that I get more watchers and bidders when I DON'T use the upgrades. It's strange, but true. The upgrades have hindered rather than helped me.

        That's my basic strategy, and it's worked pretty well for me for over two years on Flippa now.
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        • Profile picture of the author rahmat
          Originally Posted by Piper Anderson View Post

          I make sure to respond promptly to all buyer inquiries. I answer all questions thoroughly and honestly about a website. If someone asks for additional screen shots of traffic or income beyond the ones I've posted, I will email that info to them. I try to be as accommodating as possible so people can make an informed buying decision.

          I periodically check the Just Sold section to see what the sellers of higher priced sites did to get that price, and sometimes adjust my own strategies or sales letters accordingly, if it seems like the right thing for my Flippa business model. You can always learn new things in the Just Sold section.

          I also ALWAYS have a reserve price, and though I've experimented with the $1 starting price, I've found that I get more watchers and actual bidders when I start with a $10 starting price. Something about the $10 starting price increases the value of the site in the eyes of potential buyers.

          And I never use the Flippa upgrades. I've experimented with those, too, and have found that I get more watchers and bidders when I DON'T use the upgrades. It's strange, but true. The upgrades have hindered rather than helped me.

          That's my basic strategy, and it's worked pretty well for me for over two years on Flippa now.
          Hi Piper,

          This is golden tips. Thanks.
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          • Profile picture of the author rahmat
            7. Set the right auction time

            The duration of your auction can affect to the result.

            Setting auction time too fast won't get you large coverage of potential buyer. Lets make it simple, there are 'weekend-er' and 'weekday-ist' potential buyers. Weekend-er mostly online during the weekend, while weekday-ist mostly online during weekdays. Make sure that your auction can get into attention to both demographics.

            Setting auction time too long won't get you responsive bids. I notice that majority of the potential buyer at flippa will bid near the very end of the auction time. If they did, flippa will automatically extend the auction for 4 hours. This can be enough time for others to bids, or your auction to end. Most probably there will be responsive bids. In case there isn't, you can still protect your site using the reserve price. Testing is important for your type of site.

            What work for me is 3 days at minimum, 7 days at maximum. The best would be 5 days auction time.
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    • Profile picture of the author paulie888
      Originally Posted by Trusted Friend View Post

      There's not only escrow.com, but other genuine escrow services.

      For instance, Transpact.com can be quicker, more customisable (and so more secure in a domain/website transfer) and less hassle all round (it also normally works out cheaper).

      I am biased (as I work for the company), but I believe I'm right.
      Those who have used Transpact.com for domain transfer come back time after time.

      When considering escrow services, always check the relevant Government register to ensure the website is genuine, as there are many fake escrow websites out there ready to steal your money, and the only way to protect yourself is to independently check the relevant Government register.
      I think this would only make sense if the site is selling for at least $1,000 or higher - the fees would really eat into profits for a site that ends up selling for only several hundred dollars.
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  • Profile picture of the author DRO
    I hate using escrow.com for items under $300. But then I hate Paypal ever more.
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  • Profile picture of the author Kecia
    Thanks for these tips. I hope to sell a website on Flippa soon, and it's great to get advice from others who have experience.
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  • Profile picture of the author dialseo
    Thanks for the tips! I've always relied on diving into something and building experience of my own. Although, this info is sure to help shave some of the time I'd spend on that!
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  • Profile picture of the author Ruth P
    Great tips. I also have another one - research and test.

    You can learn a lot by watching other sellers, how they are pricing things, whether they use a BIN, the final prices they get for sites like yours, when they list, what time of day and what they include in their sales text. It takes time to research all that but it is well worth it.

    Then, when you start doing auctions, keep track of the most responsive times of day for listing your sites and start building a potential buyers list from within your auction text from day 1 (link them to a page with your opt in form).
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    • Profile picture of the author rahmat
      Originally Posted by Ruth P View Post

      Great tips. I also have another one - research and test.

      You can learn a lot by watching other sellers, how they are pricing things, whether they use a BIN, the final prices they get for sites like yours, when they list, what time of day and what they include in their sales text. It takes time to research all that but it is well worth it.

      Then, when you start doing auctions, keep track of the most responsive times of day for listing your sites and start building a potential buyers list from within your auction text from day 1 (link them to a page with your opt in form).
      Great tips, Ruth P.
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  • Profile picture of the author fated82
    I recently tried my hands on flipping sites too. Sold 2 'dead' sites for $200+ each and a couple more at about $30 - $99 a piece.

    What I learn is that buyers value 4 things the most. domain name, PR, traffic or revenue. Of all those 4 items, revenue and traffic is the most valuable and the hardest to achieve if you want to build to flip from scratch.

    I am currently building up my online portfolio and hopefully can flip it for a nice chunk of cash in a months time.....
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    • Profile picture of the author rahmat
      Originally Posted by fated82 View Post

      I recently tried my hands on flipping sites too. Sold 2 'dead' sites for $200+ each and a couple more at about $30 - $99 a piece.

      What I learn is that buyers value 4 things the most. domain name, PR, traffic or revenue. Of all those 4 items, revenue and traffic is the most valuable and the hardest to achieve if you want to build to flip from scratch.

      I am currently building up my online portfolio and hopefully can flip it for a nice chunk of cash in a months time.....
      Great tips, fated82,

      I would add that you can sell your site after PR updates. Google PR updates every several months. Just check webmaster forum frequently to know if there is PR updates.
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  • Profile picture of the author ehawkmarketer
    For technical, how do you have set up to sell your domain? Do you have to buy a special server hosting? Is it hard?

    THANKS!
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    • Profile picture of the author rahmat
      Originally Posted by ehawkmarketer View Post

      For technical, how do you have set up to sell your domain? Do you have to buy a special server hosting? Is it hard?

      THANKS!
      I normally sell website: domain + the site. The domain is provided by godaddy, or namecheap, to name a few. The site itself hosted at hostgator, justhost, to name a few.
      During the transfer, there are two things you need to do as a seller. You can 'push' your domain to new owner. And, you can ask the web hosting support to transfer the host account as well as the billing system to new owner.
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      • Profile picture of the author octavyo
        Thank you very much for sharing those safe flipping strategies. I know for sure that there are some scammers on flippa that right after they pay you for a website and get the website moved where they want most of them will open a dispute. It seems that escrow is the best away if you don`t want to face eventual problems.

        While most of the people who use flippa will told you that the front page upgrade is a "must" it`s very nice to find someone that managed to sold the website without using this feature. As $40 is not too much but I would prefer to use that money to re-list the website if it won`t be sold from the first time.
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        • Profile picture of the author rahmat
          Originally Posted by octavyo View Post

          Thank you very much for sharing those safe flipping strategies. I know for sure that there are some scammers on flippa that right after they pay you for a website and get the website moved where they want most of them will open a dispute. It seems that escrow is the best away if you don`t want to face eventual problems.

          While most of the people who use flippa will told you that the front page upgrade is a "must" it`s very nice to find someone that managed to sold the website without using this feature. As $40 is not too much but I would prefer to use that money to re-list the website if it won`t be sold from the first time.
          I think the search feature on flippa is quite easy and advanced. That's why without being featured, the potential buyer can still find your listing.

          Re-listing fee in flippa costs only 50% of the standard fee. I would suggest to re-list your website if it did not sell in the first place.
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  • Profile picture of the author hashif16
    Great tips to read on...
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  • Profile picture of the author celente
    i think yes always use ESCROW.

    I have been burnt before not doing this. There are people out there to scam you unfortunatly. I was always scared to use escrow, but its easy and simple and safe as pie...if pies are safe that is LOL
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  • Profile picture of the author SuspectZero
    Have been thinking of looking into flipping sites for a while this post has reminded me to get around to it. Thanks
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  • Profile picture of the author sugicloud
    How can you use escrow when Indonesia in not covered by them?
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  • Profile picture of the author Coby
    Is there any recourse if someone scams you via paypal? Anyway to avoid this other than using escrow?
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  • Profile picture of the author himanuzo
    Rahmat,

    Your country - Indonesia doesn't get listed in Escrow.com, so how do you use escrow.com service for the flipping website in Flippa.com?
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  • Profile picture of the author NikkiDelgado
    Have to say as a frequent seller on Flippa there are a few points that I disagree with.

    1. I always use Paypal but I only flip start up sites no more than $250 BIN. I have never had any problems with using paypal. Escrow fees are too much for me as the sites I sell are not worth using it.

    3. I never start the bidding at $1. I find this takes the percieved value of your site down. Yes it gets more interested people but are they the people you want bidding on your site? I always start the minimum bid at atleast $50.

    4. If you use the featured upgrade after you have a few bids already the bidding can go much higher.


    These are what I personally do but everyone is different. Just my personal 2c from experience
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  • Profile picture of the author colie3188
    Will be holding a pure content, 100% FREE, no sales pitch webinar in the next week on "Flipping Websites For A Profit" just to do my bit and give a little back into the community that helped me get to where I am today!

    There is such thing as KARMA... Stay tuned on the WSO for more details about this webinar!
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  • Profile picture of the author Kwonyoo
    Any tips on if you want to sell site on Flippa, what the statistics must be? Like how many unique visitors per month etc?
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    • Profile picture of the author krestup
      I want to list my site for sell on flippa. but i was told i can list more than one site at a time with one listing fee, so if this is true how do i do it?
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    • Profile picture of the author fated82
      Originally Posted by Kwonyoo View Post

      Any tips on if you want to sell site on Flippa, what the statistics must be? Like how many unique visitors per month etc?
      There is no specific number of unique visitors per month before you can list. However here are some of the things buyers look for...

      1) Revenue per month - The most important one, how much is the site making per month. Usually buyers will pay in the multiples of 7 - 10 if they find this stat appealing. For example, you can sell a site for $300 if your site is making $30 a month in adsense revenue.

      2) Unique visitors per month - We all know that driving traffic is not an easy task. So if you can show that you have consistent traffic coming in to that site, you can command better price.

      3) Page Rank - Even though page rank isn't really that important for most of us, but it seem that it's important for buyers. I notice that the higher your Page Rank is, the more it can command.

      4) Domain Age - Last but not least is the number of years this domain has existed. Again, the longer it is the more valuable it is.

      As long as your site can proof the stats and explain them well, you can command a good price. However, always know that there is no one standard price, how much you can sell for determine on how much the buyers are willing to pay.
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  • Profile picture of the author chrisyates
    Originally Posted by rahmat View Post


    4. Don't bother to get featured

    I have an auction that was featured in the flippa main page, and it got 11 people 'watching' the auction. The site was not sold because the highest bid was below the reserve price. Then, I re-listed the site. This time I did not bother to get featured at main page. The result is surprising, 13 people 'watching' this auction. The site sold this time.
    Sorry but I'll have to disagree here. Featuring almost always is worth it if you have a site that provides any value. I suggest featuring either early or late in your auction.
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    • Profile picture of the author paulie888
      Originally Posted by chrisyates View Post

      Sorry but I'll have to disagree here. Featuring almost always is worth it if you have a site that provides any value. I suggest featuring either early or late in your auction.
      I have to agree on this as well. If you don't get your site featured, it's bound to get lost in the mountain of sites that get listed every day on Flippa - you stand a good chance of having many prospects overlook your listing by not having it featured.

      Paul
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