ahmedalimody
A.A.MEstablished Member
- Impact
- 51
Hey All,
The increase of Flippa success fees and listing price made a lot of sellers stop their flipping business. resulting in a declining in the market.
I used before this method in 2015 with Flippa.
1- Purchasing a domain name with meaning (usually -$9)
2- Creating a simple website with a new idea (I am a developer so it was free)
3- Listing the site as a starter site (-$9)
4- Site is being sold for (around +$150)
5- Paying success fees 10% (-$15)
So the profit was $117, which was a good for just a few hours work
Today if I repeat the same scenario, my profit will be only around $100, if it was sold by $150!
but wait, I can see the starter site section is not active as much as it was in 2015.
So there is a big risk to take.
I was searching for an alternative to sell my websites on, I found few options and here are the results from my POV.
NamePros: Few buyers interested, low competition.
DigitalPoint: Overpriced websites, few buyers, can't easily trust the seller.
FreeMarket: A good alternative, BUT it's DEAD
EmpireFlipper: Premium sites only
So here we are, stuck with Flippa and our business (flipping) will die with it!
So, What about building a platform yourself?
Why not? it's easy from my (developer) view. But it needs a lot of work to get Members and building trust with them, and currently, I can't afford the marketing cost!
So guys please share your thoughts...
Thanks and sorry for my bad English
The increase of Flippa success fees and listing price made a lot of sellers stop their flipping business. resulting in a declining in the market.
I used before this method in 2015 with Flippa.
1- Purchasing a domain name with meaning (usually -$9)
2- Creating a simple website with a new idea (I am a developer so it was free)
3- Listing the site as a starter site (-$9)
4- Site is being sold for (around +$150)
5- Paying success fees 10% (-$15)
So the profit was $117, which was a good for just a few hours work
Today if I repeat the same scenario, my profit will be only around $100, if it was sold by $150!
but wait, I can see the starter site section is not active as much as it was in 2015.
So there is a big risk to take.
I was searching for an alternative to sell my websites on, I found few options and here are the results from my POV.
NamePros: Few buyers interested, low competition.
DigitalPoint: Overpriced websites, few buyers, can't easily trust the seller.
FreeMarket: A good alternative, BUT it's DEAD
EmpireFlipper: Premium sites only
So here we are, stuck with Flippa and our business (flipping) will die with it!
So, What about building a platform yourself?
Why not? it's easy from my (developer) view. But it needs a lot of work to get Members and building trust with them, and currently, I can't afford the marketing cost!
So guys please share your thoughts...
Thanks and sorry for my bad English
