Comments on: The Domain/Site Auction Platform You Probably Never Heard Of: Flippa.com

By: Mike

Mike — Tue, 01 Dec 2009 04:43:55 +0000

Hi Luke, I appreciate your feedback and all of the steps you’re talking to ensure a proper platform

Not sure whether my point came across though, which is, why would anyone open with an initial bid of 90% of a BIN price? Let’s take the number down to show clearly why its absurd. You set a BIN price of $10 and I as the first bidder come in with a $9 opening bid. That looks a little ridiculous no?

90% is a number i’m pulling out of my keister, but i just had the general impression when looking over some of the inventory that some of the opening bids were so close to the BIN price it just seemed really strange to me.

Sorry if its just me. I’m not trying to put your site down, as I said I think its a really impressive looking platform. Just cant be too careful these days.

By: Luke Moulton

Luke Moulton — Tue, 01 Dec 2009 03:08:13 +0000

Mike, we do our best at Flippa to ensure sellers don’t setup multiple accounts and bid on their own auctions. We check IP addresses, request phone validation, check for multiple PayPal accounts, and we’re always looking into additional forms of ID checking to try to reduce dodgy bidding and fraud.

At the end of the day though, a domain/website is worth what you’re willing to pay. If you’re willing to pay $1000 then that’s what it’s worth.

I recently purchased a site and paid the BIN. If I’d waited around I probably could have picked it up cheaper, but I did my research and thought the BIN seemed reasonable so I was happy to pay it.

By: Mike

Mike — Tue, 01 Dec 2009 02:46:13 +0000

I came across the site about a month ago. It looks very impressive. On closer inspection though i found myself wondering what the checks and balances there were. For example, I would see a domain listed for sale with a BIN price, and 1 bid, where the bid was like 90% of the BIN. to me that’s smells to high heaven. Like, if there is a BIN of $1k, and I want the domain, I am gonna bid $900, and not go the extra $100 to just outright buy it? I can’t see how that type of bid is not a shill bid, to be honest. Any thoughts on this Luke? thanks

By: 100 Domains Club

100 Domains Club — Mon, 30 Nov 2009 13:54:13 +0000

the similar WebsiteBroker.com (where I’ve listed three domains) wants $10 to $15 to list a domain but NO success fee

By: Jacob

Jacob — Mon, 30 Nov 2009 03:47:25 +0000

The site I feel was actually a whole lot better when it was Sitepoint marketplace. I feel like it’s kind of died a bit since it switched.

By: MHB

MHB — Mon, 30 Nov 2009 02:03:24 +0000

Luke

It of course makes sense that a seller in a pay to play platform would have incentive to list better domains with reasonable reserves than on a “free” listing platform

Best of luck with it and keep us updated.

By: Luke Moulton

Luke Moulton — Mon, 30 Nov 2009 01:26:08 +0000

Thanks for the review MHB and great to read the other Flippa related comments and suggestions. One of our priorities at Flippa is to maintain a standard of the websites being sold on Flippa. We are constantly reviewing the offering and listening to our customers to find the sweet spot with listing pricing.

By: jeff

jeff — Sun, 29 Nov 2009 17:35:07 +0000

wrong the site is VERY well known among those that sell established sites… Millions of dollars worth of websites have been sold ever since it was sitepoint marketplace… (before flippia)

The listing fees are very fair… Who wants the low cost junk.. Sell it on DNF/NP

By: 100 Domains Club

100 Domains Club — Sun, 29 Nov 2009 10:28:46 +0000

just two small criticism about Flippa.com

1. the listing fee is too high since it put out of the game great part of the low cost domains

2. the success fee is too high for a service that isn’t widely known like SEDO

my suggestions are:

- $5 listing fee

- 1% success fee

- no success fee cap

- no success fee minimum

By: Mike Lee

Mike Lee — Sat, 28 Nov 2009 13:29:51 +0000

Thanks for the list of domains to register. I took a few. Mike