16 replies
Need some advice from you guys. I'm planning on selling one of my websites on flippa and need to know what to watch out for. This is the first time at trying to sell one, looks like it would be easy enough to do. Thanks in advance.
#flippa #selling
  • Profile picture of the author sbucciarel
    Banned
    Here's the All in One thread on flipping sites. Very informative

    http://www.warriorforum.com/main-int...web-sites.html
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  • Profile picture of the author BabyMama
    I have been selling on Flippa for a while. My advice is stick to selling lots of low price tag sites. If you have a high price tag site then use escrow.
    I sold a site for $800 and got stung with a Paypal chargeback 3 months later! I am still fighting it! Now I only sell sites with a BIN of $295 or a bidding price of $100 or more.
    Hope this helps
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  • Profile picture of the author BabyMama
    And one other thing don´t splash out on too many upgrades. The only one I recommend is featured listing in the last day of auction and only if you already have some bids.
    Hope this helps
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    • Profile picture of the author freebird1959
      Thanks for posting the info.
      Got a lot of reading to do.
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  • Profile picture of the author John Romaine
    Ive sold two sites on flippa. One at $25,000, and another at $15,000.

    My advice is to be COMPLETELY HONEST with your sale, and provide as much information as possible in your listing.

    Each time I list a site for sale, I follow the same format. Have a look here...

    https://flippa.com/80804-6-year-old-...ralian-website

    See how Ive broken each part of my listing into sections?

    Site overview
    About the site
    Technical stuff

    ....etc etc

    The more you tell the more you sell!

    Having a detailed listing like this will prevent continual questions (which should be addressed in your ad)

    Hope this helps.

    PS. You also might want to consider using a website sales contract when you do eventually sell to ensure all bases are covered.
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    • Profile picture of the author Flipfilter
      Hi Freebird,

      The best advice would depend on the type of site you're trying to sell and how much you're hoping to achieve.

      Without being too specific

      1) Do some research - find listings which sold and ones which didn't that are a close fit to what you're selling. Try to take the good stuff and turn it into your own without copying the listing word for word

      2) Sounds obvious but remember to tell people what your site does. So many listings ramble on about the features without explaining what the site is actually about. Ramone_Johnny's format seems like a good plan.

      3) Avoid hype or talking about potential. Tell people exactly how it is - good or bad - and trust them to form their own conclusions

      4) Supply Verified Google Analytics. If you haven't installed analytics there's little point trying to sell your site as you wont attract as many serious buyers. Unless you're doing something incredible, or your business doesn't rely on traffic you'll need verified analytics.

      5) Be very open and honest, even about problems (dips in revenue or traffic). Smart people will figure it out eventually so it's better to address them in the listing if it's a major problem.

      6) Read the Flippa A-List It's a good source of ideas and examples of where people have gone right.

      Best of luck.

      Justin
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  • Profile picture of the author Scott Skinner
    Build quality sites that have a verifiable history of making money. In my opinion, the "quick flip" trend is coming to a close. Just like the ebay digital product revolution did. Too many people selling crap. Build a real site that pulls traffic, converts sales and builds a mailing list and be able to verify all of the above. Use escrow services and NOT Paypal!

    You'll attract a higher quality buyer and eliminate all the hassles.


    However, this scenario raises the age old question, if it is so good, why are you selling it? Yeeaaaahhhh, good question....
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    • Profile picture of the author x3xsolxdierx3x
      Originally Posted by Scott Skinner View Post

      Build quality sites that have a verifiable history of making money. In my opinion, the "quick flip" trend is coming to a close. Just like the ebay digital product revolution did. Too many people selling crap. Build a real site that pulls traffic, converts sales and builds a mailing list and be able to verify all of the above. Use escrow services and NOT Paypal!

      You'll attract a higher quality buyer and eliminate all the hassles.


      However, this scenario raises the age old question, if it is so good, why are you selling it? Yeeaaaahhhh, good question....
      Yep, that's one barrier every Flippa listing needs to overcome in its sales copy....

      Any one have any tips on how to overcome that? "If it is so good, then why are you selling it?"
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      • Profile picture of the author Piper Anderson
        Originally Posted by x3xsolxdierx3x View Post

        Yep, that's one barrier every Flippa listing needs to overcome in its sales copy....

        Any one have any tips on how to overcome that? "If it is so good, then why are you selling it?"
        I usually just say that building money-making businesses to sell for lump sums of cash is my business model. So, my business is, essentially, creating businesses. That seems to satisfy anyone who ever asks why I'm selling a site (and I've only rarely been asked that).

        Other advice I have is to always have a reserve, never start your bidding at less than $10 (I get more bids with a $10 starting bid than I do with a $1 starting bid....something about perceived value when you give a higher starting bid), and always answer all questions from buyers as promptly as possible, so it looks like you're paying attention to your auction (which you should be doing, anyway). Potential bidders will also see this as a sign that you care about customer service (which you should), and this will instill more trust in them to bid or buy from you.

        Piper
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  • Profile picture of the author mandom
    Using escrow is a great tip. I've been thinking of selling one of my big earners (I want to buy a boat) and I'd probably not have thought of using escrow.
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  • Profile picture of the author chrisyates
    Originally Posted by freebird1959 View Post

    Need some advice from you guys. I'm planning on selling one of my websites on flippa and need to know what to watch out for. This is the first time at trying to sell one, looks like it would be easy enough to do. Thanks in advance.
    Two Things

    1.) Research sold sites with similar metrics to yours. It will help you get a realistic picture of what it might go for so you know where to set your BIN, etc.

    2.) Don't end your auction early even if a buyer wants you to.
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    • Profile picture of the author freebird1959
      Thanks to you all for some great tips and pointing me in the right direction.
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    • Profile picture of the author Alex Barboza
      Originally Posted by chrisyates View Post

      Two Things

      1.) Research sold sites with similar metrics to yours. It will help you get a realistic picture of what it might go for so you know where to set your BIN, etc.

      2.) Don't end your auction early even if a buyer wants you to.
      So setting a BIN is a must?
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  • Profile picture of the author SpiderHunter
    Its not rocket science trying to sell on Flippa, just read the info on their site and watch how other people are selling.
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  • Profile picture of the author warriorjohn1444
    Banned
    Flippa dot com itself provide a free pdf for people to learn how to sell.
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