Need advice selling @ flippa

14 replies
Hello folks,

Sorry for making so much threads about flippa lately. Anyhow, I feel that I have lack of flippa experience.

I was selling a clickbank affiliate site which had great traffic and nice rankings (not spammy backlinks at all - articles, high pr homepage links etc..)

The revenue stats were:
Month1: $135
Month2: $210
Month3: $320
This month: Over $370 already (1sep - 11 sep), so this site might hit over $1000 this month...


So I put on flippa with BUY NOW $3200 and bid starting with $1. The reserve price I put was $2400.. However, the auction ended unsucessfully at $2100.

I was thinking that below $3000 is extremely low price for that site isn't it? Should I wait till the end of the month and re-list it again with better revenue stats?

I think with "noreserve" price the listing would get a lot of bidders and I would get some decent money from that site, but I think that I don't have balls to do that.

So what would you do next time when you re-list that kind of site? How would you manage the auction (which prices, what reserve etc)... Actually I don't want to sell this site at all, but I need capital for my bigger projects.

Thanks
#advice #flippa #selling
  • Profile picture of the author Fredbou
    "might hit over $1000 this month..." . Might is not "will" and that's what buyers are looking for.

    I think you did well to get the price up to $2100 with only 3 months of revenue stats.

    You need to comapare it to an offline biz. Would you offer a good price for a shop that can only provide 3 months record of revenue?

    You'll only ever get what the buyer thinks the deal is worth.

    For the next time you auction on Flippa, I can't say, that's not my area of expertise.
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  • Profile picture of the author Koolestnerd
    when it comes to flippa you should be really satisfied with the price if you are really getting atleast the deserving price for website put up on sale


    absolutely agreed with fredbuo
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  • Profile picture of the author Evocess
    I would agree with the two.
    Getting a bid of $2100 is already good.
    Just take in to account that the competition is so high.
    You can demand with the price if you site really deserve the price you desire.
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  • Profile picture of the author firzmotion
    the key of selling on flippa is negotiation. After you approve each bidder, go send them a message, engage them in conversation. For example they put $1500, send pm and ask "thanks for your offer, i can add BIN bonus like bla bla bla, and also i can lower the bin to $3000, so you don't need to worry that someone else will overbid your offer."
    This is a good strategy to close your auction (high price and usually before the auction ends)
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  • Profile picture of the author Terry Kyle
    Originally Posted by mandos123 View Post

    Hello folks,

    Sorry for making so much threads about flippa lately. Anyhow, I feel that I have lack of flippa experience.

    I was selling a clickbank affiliate site which had great traffic and nice rankings (not spammy backlinks at all - articles, high pr homepage links etc..)

    The revenue stats were:
    Month1: $135
    Month2: $210
    Month3: $320
    This month: Over $370 already (1sep - 11 sep), so this site might hit over $1000 this month...


    So I put on flippa with BUY NOW $3200 and bid starting with $1. The reserve price I put was $2400.. However, the auction ended unsucessfully at $2100.

    I was thinking that below $3000 is extremely low price for that site isn't it? Should I wait till the end of the month and re-list it again with better revenue stats?

    I think with "noreserve" price the listing would get a lot of bidders and I would get some decent money from that site, but I think that I don't have balls to do that.

    So what would you do next time when you re-list that kind of site? How would you manage the auction (which prices, what reserve etc)... Actually I don't want to sell this site at all, but I need capital for my bigger projects.

    Thanks
    Hi M,

    If the site is on track for $1000 this month, does selling it for $2-3,000 make sense?

    Sounds like a keeper, doesn't it.
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  • Profile picture of the author Jessica Lynn
    Unfortunately, bidders won't always bid at prices that you feel are fair. There's a chance they don't think it's fair, and of course everyone likes to score a good deal.

    Your sites seems fairly new. This will put some buyers off, no doubt. You may have to settle for what you can get if you need that money, or hold onto it until you can get the price you really want.
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  • Profile picture of the author JabMonkey
    Well, if your site got a bid of $2100 on Flippa, that tells me it will bring more if you try to sell it privately through a legitimate broker. I wouldn't even bother with Flippa in your case. Everyone bids cheap, far behind the actual value of a site. It's worth double or more what you set your reserve price at. Don't settle for peanuts on Flippa. That's my advice.

    Case in point: I had a site earn $800+ in 20 days. Tried to sell it on Flippa for a quick sale. Nada. Sold it privately through a broker and made $2800 net. Yours has more proof than mine did that it will be a steady earner, so it should pull more. I was just looking for a quick sale and happy with what I made.
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    • Profile picture of the author mandos123
      Originally Posted by JabMonkey View Post

      Well, if your site got a bid of $2100 on Flippa, that tells me it will bring more if you try to sell it privately through a legitimate broker. I wouldn't even bother with Flippa in your case. Everyone bids cheap, far behind the actual value of a site. It's worth double or more what you set your reserve price at. Don't settle for peanuts on Flippa. That's my advice.

      Case in point: I had a site earn $800+ in 20 days. Tried to sell it on Flippa for a quick sale. Nada. Sold it privately through a broker and made $2800 net. Yours has more proof than mine did that it will be a steady earner, so it should pull more. I was just looking for a quick sale and happy with what I made.
      Thanks for your reply. Can you point out some brokers?
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  • Profile picture of the author techbul
    Why would you want to sell it for $3000 if it's making $1000 a month? Keep it up, expand and after 6 months - 1 year you could easily get around $10,000-$15,000 for it
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  • Profile picture of the author mandos123
    Originally Posted by techbul View Post

    Why would you want to sell it for $3000 if it's making $1000 a month? Keep it up, expand and after 6 months - 1 year you could easily get around $10,000-$15,000 for it
    The thing is, I need that money asap. Of course, I don't want to sell this site, but that's the reality right now. I have so many great ideas on my head and I need some $$$ before I can start.
    Does anyone some brokers who accept these kind of sites?
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  • Profile picture of the author webdesignnomad
    Hey Mandos,
    I am very surprised that your site did not sell for your reserve on Flippa! Especially with sales figures like that, I would appraise it at a lot more! Whether the site is established or not, the fact remains that it is converting sales at a high rate!
    To be honest, If i were you, I would hold onto it, especially if they aren't meeting such a reasonable reserve price. May I ask why you are trying to sell it, do you need the cash now? In the long run you would be better off keeping your creation, soon you could be making hundreads daily, it's a good feeling!
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  • Profile picture of the author masterpeez4py
    i have easily sold site 10x the monthly earning after three month of consistent earning. please am not recommending anything but simply take a look at this person profile on flippa. https://flippa.com/users/499829

    You will notice he sold most of his site at a reasonable amount after 3month of consistent earning. another good key to selling the site at a very high price is your description(sales letter). i think you should wait to relist it at a very good amount of money. thats my 1cent
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  • Profile picture of the author WeavingThoughts
    If a site makes $400 a month then makes little sense selling for less than 8-10k provided you are sure the traffic is sustainable.
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