Flippa and No Reserve

[CursedToast]

Are there any perks to not setting a reserve on Flippa? Does it get you any more exposure? I know there's always the risk of selling at a rock bottom price, but I was just curious what peoples experience with no reserves and Flippa has been like.

 

[Addison]

You can't not set a reserve on Flippa. You have to set a reserve of at least $1. The reason people set low $1 reserves is to increase the chances of more bids. When an auction has lots of bids, it has a better chance of being discovered (more exposure).

Caution: It doesn't always work and your domain will most likely sell for $1.

 

[Omar Negron]

Not putting a reserve on your auction gets more people interesting in participating because they KNOW the auction WILL sell.

It potentially creates a bidding war which is what makes an auction exciting.

But it's risky if you value the domain name and it doesn't sell for what you thought it would.

-Omar

 

[reneedb]

You can also just not set a reserve but make your opening bid high enough. This way you are sure your first bid will make you a profit.