Selling something in Flippa and unexperienced.

by fin
11 replies
Sorry if this has been covered before. I've tried searching Flippa and can't find relevant advice.

I'm thinking of selling a domain I've had for a while. TBH, I don't really care what I get for it. I'm happy to let the auction decide.

I'm going to throw up a sales page and hope for the best.

Thing is, I just don't want to be scammed.

I was wondering:

1 - If I sell it, how will I deliver website?

2 - Is there a good chance someone will buy, then decline to pay. Nothing wrong with site - I just want rid and can't be bothered with scammers.

Cheers
#flippa #selling #unexperienced
  • Profile picture of the author Cataclysmic
    I've sold a website on Flippa before for $X,XXX. Let me try to answer your questions...

    1 - If I sell it, how will I deliver website?

    - You have to transfer 2 things - the domain, and the website (if you actually have a website... or is it just a domain?).

    To transfer the domain, just phone your registrar (i.e. GoDaddy). The process is slightly different depending on whether you're both using the same registrar, or whether you have to transfer the domain from one registrar to another. Just phone your registrar and they'll walk you through the process.

    To transfer the site, you can create a backup of the site and send them the backup. If you're using Wordpress, there are backup plugins that can help with this (one that a friend of mine recommends but that I haven't used personally is "Backup Buddy"). If the buyer knows what they're doing and you don't, you could also just give them the login info for your hosting account (as long as you don't have anything else in your account, and as long as you have your own backup in case they screw up your site and then back out of the deal or something). That's what I did - gave the buyer my hosting account login info and let him deal with the whole thing. It's more risky, but in my case the buyer had a great reputation on Flippa and I know that he was competent.


    2 - Is there a good chance someone will buy, then decline to pay.

    - Of course there's a risk that that will happen, but just make sure you don't transfer the site or the domain to them until after they've paid you (or uploaded their payment to Escrow.com). You can read more about how the process works here: https://flippa.com/help/escrow
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    • Profile picture of the author fin
      Thanks,

      Yeah, there is a website that will come with it.

      I have WpTwin + I use a back-up plug-in.

      Hopefully it should just be as easy as e-mailing them a copy. I have other websites on my hosting.
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    • Profile picture of the author ExpertSEOServices
      [quote=Cataclysmic;5681695]I've sold a website on Flippa before for ,XXX. Let me try to answer your questions...

      1 - If I sell it, how will I deliver website?

      - You have to transfer 2 things - the domain, and the website (if you actually have a website... or is it just a domain?).

      To transfer the domain, just phone your registrar (i.e. GoDaddy). The process is slightly different depending on whether you're both using the same registrar, or whether you have to transfer the domain from one registrar to another. Just phone your registrar and they'll walk you through the process.

      To transfer the site, you can create a backup of the site and send them the backup. If you're using Wordpress, there are backup plugins that can help with this (one that a friend of mine recommends but that I haven't used personally is "Backup Buddy"). If the buyer knows what they're doing and you don't, you could also just give them the login info for your hosting account (as long as you don't have anything else in your account, and as long as you have your own backup in case they screw up your site and then back out of the deal or something). That's what I did - gave the buyer my hosting account login info and let him deal with the whole thing. It's more risky, but in my case the buyer had a great reputation on Flippa and I know that he was competent.


      2 - Is there a good chance someone will buy, then decline to pay.

      - Of course there's a risk that that will happen, but just make sure you don't transfer the site or the domain to them until after they've paid you (or uploaded their payment to Escrow.com). You can read more about how the process works here:

      This is excellent sound advice.
      I also suggest donĀ“t just throw up a sales ad. Do some research of people who are successful on Flippa and take inspiration from their threads. Provide details and support and offer extras or bonuses to encourage people to buy your site.
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  • Profile picture of the author birddog200
    Be sure use a trusted escrow company. If you just use paypal, they can chargeback and then have the site and their money back.
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  • Profile picture of the author fin
    What if I use escrow and transfer the domain, only for the buyer to scam me.

    Will I get the domain back?
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    • Profile picture of the author OLechat
      Originally Posted by fin View Post

      What if I use escrow and transfer the domain, only for the buyer to scam me.

      Will I get the domain back?
      Hi Fin -- Ophelie from Flippa here.

      Using Escrow is the best way to protect you from fraudulent buyers. In the Escrow process, the seller sends their money to Escrow. Once Escrow has received the money, they (Escrow) will direct you to send ownership of the website to the buyer. Once the buyer is satisfied with the site, the money is released and transferred to you.

      We're actually posting a blog post from someone at Escrow in coming days, so keep an eye on the Flippa blog for this!
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  • Profile picture of the author aaaa33030
    I would think that the escrow service flippa uses is permanent
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  • Profile picture of the author temlawn
    Hey OLechat from Flippa I've got a question for you. I've been in the auction world a long time. Is there any recourse for a buy it now and no payment? I've been monitoring flippa for a while now and I see some auction bid patterns go from $100 - to $300 - then a buy it now for like $6,000 on what we would consider a site that is only worth the $100 or so. In auctions there is a pattern to bidding, people try to get a deal and don't come into a site like flippa to bid $5700 more than the next closest bid. Was just curious. It seems like alot of people are just doing a Buy it now before their auction ends to try to get another free listing. I would be highly interested to see what your answer is on this. One example I just saw was for an auction that ended a few hours ago and had 4 bids.

    $1,000
    $1,900
    $10,000
    Buy it now of $75,000 honestly you cant tell me that somebody is going to bid $65,000 more if they can extend the auction by bidding $10,500 and saving themselves $64,500 ?

    and looking closer bidder 3 and the buy it now are the same person. If he is winning at $10,000 did he just feel like giving the seller an extra $65,000 because he liked him?

    Your thoughts?

    BidderBid AmountDate

    Bidder 19 has bid on 41 listings from 37 sellers $75,000 Buy It Now Yesterday
    Bidder 19 has bid on 41 listings from 37 sellers $10,000 3 days ago
    Bidder 18 has bid on 10 listings from 10 sellers $1,900 3 days ago
    Bidder 19 has bid on 41 listings from 37 sellers $1,000
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    • Profile picture of the author OLechat
      Hi Temlawn,

      Is there any recourse for a buy it now and no payment?
      A BIN has to be approved by the seller before it goes through, unless the seller has selected the PayPal to BIN option. This option requires a BIN bidder to pay the BIN amount into the seller's PayPal account.

      We recommend that sellers review the would-be buyer before accepting a BIN. Once that BIN is accepted, they have the same recourse as for any other non-paying high bidder.

      honestly you cant tell me that somebody is going to bid $65,000 more if they can extend the auction by bidding $10,500 and saving themselves $64,500
      That's something we often see, actually, from legitimate bidders, and this type of sale usually goes through with no issues. The logic here is that the bidder is expecting someone else to out-bid him. A BIN is a gamble on time: if you don't buy it now, someone else might, at any moment. Bidders who really want to win sometimes choose to BIN even when it seems illogical to spectators.
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  • Profile picture of the author azmanar
    Hi Fin,

    For FLIPPA, try searching here for posts by Suzanne or her username sbucarriel .

    She gave lots of good advice about it several times.
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    === >>> Tomorrow Should Be Better Than Today

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  • Profile picture of the author mvirtual
    To be sure that you will get money for your website and domain you should use escrow.com when you sell on Flippa. Flippa incorporated escrow service into their selling process. Once you sell your site everything can be setup with a few clicks directly from flippa site. That way your property (website, domain) will be protected and you will never lose it. Since I lose one of my websites a year ago I always use escrow with flippa transactions.

    Marc
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