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Quick Advise Warriors!!! Please!!

by larryboy03
10 replies
Ok, guys!!

I have just put a website up on flippa, it makes $178 per month.

I just got a bid on the site for $850 but am I ment to accept the bid?

I started the bidding at $25 and the reserve at $500.

If I accept the bid, does that mean I agree to sell the site to him at that price or does it just mean he has the current highest bid so far while waiting for more?

Please help. I have attached the pic. Please help
#advise #quick #warriors
  • Profile picture of the author hustlinsmoke
    I haven't been to flippa in over a year but that is messed up. I would be confused too.

    I would think it meant you accepted his bid but I don't know.
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    • Profile picture of the author larryboy03
      Originally Posted by hustlinsmoke View Post

      I haven't been to flippa in over a year but that is messed up. I would be confused too.

      I would think it meant you accepted his bid but I don't know.
      Yeah!! I'm so confused!! Anybody know?
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      Do you have a website making money and want to sell it? Contact me, I'm looking to buy sites monetized by Amazon and Adsense!!
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  • Profile picture of the author Steve B
    Putting a "reserve" price on an auction just means that you will not accept less than the stated amount.

    It's my understanding, however, that if you do receive a bid above the reserve, you are expected to accept that bid, or the highest bid received at the auction's deadline.

    Once the reserve is met, you are obligated to perform.

    Steve
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    • Profile picture of the author hustlinsmoke
      Reserve auction, makes sense now. Thanks.
      Originally Posted by Steve B View Post

      Putting a "reserve" price on an auction just means that you will not accept less than the stated amount.

      It's my understanding, however, that if you do receive a bid above the reserve, you are expected to accept that bid, or the highest bid received at the auction's deadline.

      Once the reserve is met, you are obligated to perform.

      Steve
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    • Profile picture of the author larryboy03
      Originally Posted by Steve B View Post

      Putting a "reserve" price on an auction just means that you will not accept less than the stated amount.

      It's my understanding, however, that if you do receive a bid above the reserve, you are expected to accept that bid, or the highest bid received at the auction's deadline.

      Once the reserve is met, you are obligated to perform.

      Steve
      But my auction will always say that there is no bids if I don't accept it if you know what I mean.... Should I accept bids as they come in??
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      Do you have a website making money and want to sell it? Contact me, I'm looking to buy sites monetized by Amazon and Adsense!!
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      • Profile picture of the author larryboy03
        Anyone Please?
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        Do you have a website making money and want to sell it? Contact me, I'm looking to buy sites monetized by Amazon and Adsense!!
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      • Profile picture of the author sbucciarel
        Banned
        Originally Posted by larryboy03 View Post

        But my auction will always say that there is no bids if I don't accept it if you know what I mean.... Should I accept bids as they come in??
        Do not accept bids from suspect buyers... like brand new and from high risk countries. I personally would reject those. Once you accept a bid from a bidder, all new bids from that same person will be automatically accepted.

        The poster who said that you are obligated to accept bids is wrong. You can accept or reject any bid, other than repeat bids from bidders that you've already accepted.
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  • Profile picture of the author sbucciarel
    Banned
    Originally Posted by larryboy03 View Post

    Ok, guys!!

    I have just put a website up on flippa, it makes $178 per month.

    I just got a bid on the site for $850 but am I ment to accept the bid?

    I started the bidding at $25 and the reserve at $500.

    If I accept the bid, does that mean I agree to sell the site to him at that price or does it just mean he has the current highest bid so far while waiting for more?

    Please help. I have attached the pic. Please help
    Check out the buyer. Is he new and is he from a suspect country? PM him and ask him a couple of questions. How did you plan on taking payment ... Paypal or Escrow? That makes all the difference in the world. Escrow is far safer than Paypal payments for websites.

    If you accept his bid, he is the highest bidder and will win if no other bids come in. Typically, most of the bids come in the last couple of days, so if there's still time on the auction, he may not end up being the winning bidder.

    Insist on Escrow. Save yourself a lot of headaches.

    EDIT: Just looked at the screenshot. He is not new and has some feedback. Those are good signs. I would accept the bid. I would still use Escrow.com for payment and delivery.
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    • Profile picture of the author Steve B
      Larryboy,

      Is "accepting" a bid, meaning that it is eligible for consideration and a legitimate offer in the seller's eyes, the same as agreeing to a sale if this ends up being the highest bid? That is how I'm interpreting your question.

      The answer will have to come from the site where the auction is being held. Can't you do some research and find out? I think answers from the forum are going to be mostly guesses. If I were in your shoes, I would want a more authoritative answer.

      Good luck,

      Steve
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      Steve Browne, online business strategies, tips, guidance, and resources
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      • Profile picture of the author sbucciarel
        Banned
        Originally Posted by Steve B View Post

        Larryboy,

        Is "accepting" a bid, meaning that it is eligible for consideration and a legitimate offer in the seller's eyes, the same as agreeing to a sale if this ends up being the highest bid? That is how I'm interpreting your question.

        The answer will have to come from the site where the auction is being held. Can't you do some research and find out? I think answers from the forum are going to be mostly guesses. If I were in your shoes, I would want a more authoritative answer.

        Good luck,

        Steve
        Accepting a bid that meets or exceeds the reserve is the same as a contract to sell to that bidder should they win the auction. It is not a guess. I have done many Flippa auctions. That is why you should not accept bids from a suspect buyer, one that is new and from a high risk country.
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