Flippa is The Most Trustworthy Marketplace for Online Marketing Owners to Buy and Sell Trades
Flippa is a big marketplace that enjoys over 120,000 buyers and sellers. The site allows the trading of web properties. This Flippa review analyzes both the selling and buying aspects of the platforms highlighting its major hits and misses. Read through to learn if its a viable marketplace and how to go about trading real web properties.
Pros of Buying and Selling on Flippa
Easy to navigate and use
The platform is easy to understand. It’s simple to search for websites, buy, and make payments. The same applies to selling. As long as you have the correct documentation, registering your site for listing is quite easy.
The website takes a short time to load and is user-friendly giving numerous business opportunities for users. Any sale you make is straightforward and you’ll be alerted every time a process is complete. The system prompts you to take any necessary actions regarding the sale.
Safe payment methods
The worst thing that can happen to anyone doing business is getting scammed and losing all that for nothing. To avoid such cases, Floppa uses Escro services to moderate their payments.
This means that you place the money in Escrow, and only release it after receiving and confirming the site. The payments and responses are fast and secure. You also get to enjoy discounts on the commission while using this service.
Top Customer Support
Flippa has 24/7 customer support meaning in case of a problem or if you need any kind of help, someone will always be available to sort you out. Expect a professional staff that will guide you through the trade process.
Allows Negotiations between buyer and seller
Just because a site is listed as costing let’s say $5000 doesn’t mean that’s the final price. Both buyer and seller can negotiate and agree on reducing the price. This aspect gives a chance to buyers who may be having a low budget.
Great Websites
Flippa is one of the cheapest marketplaces for websites. It’s a great online place to shop for apps and websites. There are some greats sites at a low multiple. You can’t compare it to other trading sites that only give a chance to 5-figure websites.
Wide Price Range
This online marketplace is open to anyone to do business regardless of asset size and value of your site. Don’t worry about your budget, you can’t miss finding a valuable site. Here, you can get websites that give high revenue at a pretty low price. Since Flippa has a large audience, your listing will get enough traffic even without you boosting it.
Buyer Profile
All buyers have a profile that gives details of the buyer concerning how many bids or completed sales they have made in the past.
Flippa Cons
Flippa is a cool site but like any other online service, it faces the risk of scamming. Even though there are some amazing sites, not all of them are good. Some sites are not necessarily business-related, and you may come across interesting websites with less functionality.
Before you get that fantastic site you are looking for you’ll encounter a few that are not appetizing. If the deal looks too good, think twice.
Maybe some of these problems could be eliminated if Flippa did a deep analysis of the sites. Sometimes the buyer may have to depend on the word of the seller, which may be untrue.
How To Sell On Flippa
The process of selling web property on Flippa is the same regardless of the type of the site. Most common sites include startups, domains, apps, and already established sites.
If you have a site that you would like to sell, visit the Flippa homepage and select ‘start selling.’ From the choices provided, select your site’s category. Provide answers to all the questions regarding your site including the name of your business, where it’s based, the industry. And many more.
This is followed by more advanced questions that target your income source and how the site makes money. You also are required to provide weaknesses if the site, if any. What should the new owner expect? Are there any opportunities?
Provide documentation to verify your income. You can do this by filling up their form or connecting Quickbooks to Flippa. Upload your profit and loss statement to verify your income. Provide any other details concerning the business including assets, email accounts, hosting, social media accounts, and anything else that’s relevant.
Flippa will give you two options for setting the price. The fixed-price option is only for higher-valued websites. It also has two ways of selling: Broker management and Assisted sale. You can enlist the help of a broker to help you sell, but you’ll have to pay additional broker flat-fees.
On the other hand, an Assisted Sale requires getting an account manager. Only accounts that are valued $250,000 can use the broker service. Besides, you will have to pay monthly subscription fees for site listing. It also has a boost feature, just like on Facebook where you can boost the site so that it reaches a wider audience.
Flippa Pricing
The site has a success fee (usually 10%) which reduces as you sell larger websites. This makes Flippeaan an affordable site for selling websites since these fees are quite low.
How To Buy On Flippa
Other than going through the stress of building a website from scratch, buying an already established one sounds a good idea. Chances of site failure are low because you are picking up something that has already tasted the waters. Also, the site already has an audience that can sell your product or service.
For better results, take time to search through the available sites comparing them side by side to settle for the best. This is because it’s possible to come across a low-quality site whose figures have been inflated. The market hosts hundreds of sites, so you may have to do some digging before making a final decision.
If interested in buying visit the home page and check out the header or use the search bar to identify the specific type of business you are interested in. Flippa makes it easy for you to find what you are looking for through it’s filtering options. You can specify the type, and the average profit the site makes.
Always calculate the total cost compared to the earnings per month. How long will it take before you can recover through profits? Is the site legit? Don’t let the number of bids blind you. You still need to be more diligent especially if looking for a Buy It Now site. If possible request the seller for access to Google Analytics (read-only) to verify the statistics. Check the sites’ content, images, and overall look. Remember to check its backlink profile.
Overall, Flippa is a great site that doesn’t lock out any website owner, by giving equal opportunities despite different site values. Anyone willing to grow their business online should check out Flippa for some great websites.
The site loads fast and instantly and makes the trading process easy. Since it’s an online business it is not free of scammers so traders must be extra careful.
Flippa hostsdiffypes of websites in plenty meaning there is something for everyone. Whatever domains, featured apps, games, softwares, or websites you are interested in, you can’t miss it on Flippa. It is a trustworthy company that continues to serve thousands of users.