Flippa Surpasses $150 Million In Domain Name & Website Sales

[Arpit131]

"Flippa announced that it reached a new milestone during the weekend.

Over $150 million in transactions have been processed on Flippa. This figure includes both domain name and website sales.

Just a few weeks back Flippa also reached1 million live listings."

Source: OnlineDomain

Flippa has been around for 6 years only and the growth has been tremendous.
It is going to be one of the "biggest" names in the domain marketplace as well!!
What do you think?

 

[S-B]

$150 million in 6 years is rather impressive.

However, I suspect their growth will plateau soon unless they successfully pivot their business model. The platform is suffering from saturation issues. 1 million listings sounds like a bragging point but in honestly it's going to hurt their bottom line and their sellers final sales prices.

I've stopped listing there and have started buying. Might as well take advantage of the success handicap they seem to be experiencing.

 

[Beezy]

When I worked with Flippa, we had "super secret" meetings about how we could increase revenue. It was at this time that I suggested that we, the Flippa employees, bid up everyones auctions and they loved the idea! As a matter of fact, I was given the title of HOE (head of everything). The first thing I did as the HOE was to recruit more employees so we could shill harder. However, employees started winning these lucrative auction so they fired me. Now there is a new HOE at Flippa. I miss being the HOE. However, every great HOE gets eventually replaced by a new HOE.

Just quoting this so it doesn't get edited.

 

[S-B]

Well, since you asked what I think, I must say that I think that the wonderful sounding numbers may be, at least in part, due to the system of allowing Flippa employees to participate as bidders in Flippa auctions, unbeknownst to the bidders who are not Flippa employees. To me, it seems possible for that system to allow prices to be inflated by employees bidding-up the those prices. That's what my common sense tells me. What does your common sense tell you?

When I worked with Flippa, we had "super secret" meetings about how we could increase revenue. It was at this time that I suggested that we, the Flippa employees, bid up everyones auctions and they loved the idea! As a matter of fact, I was given the title of HOE (head of everything). The first thing I did as the HOE was to recruit more employees so we could shill harder. However, employees started winning these lucrative auction so they fired me. Now there is a new HOE at Flippa. I miss being the HOE. However, every great HOE gets eventually replaced by a new HOE.

 

[vickyhunter]

Completely agree with @Shane Bellone

 

[FlippaDomains]

They really need more popular filters, specifically these:
Auctions Only (so none of the free domain listings appear in the results)
No Reserve (auctions with no reserve price)
No Bids Yet (auctions with no bidders)
Buy It Now (auctions with set buy it now prices)

Edit: Just realized the auctions only button is under the search tool. Never noticed it before as it blended in.

-- Yep, Auction Only is there;
-- So is Reserve Met
-- We do not have a section for auctions that have yet to receive an opening bid
-- We will soon be adding a Buy It Now filter
-- I strongly believe that filtering by auctions Ending Soon is the new best way to search and we'll be adding that to the navigation at some stage as well...

Find all main filters directly by going to this main lander (the upcoming redesign will funnel all of this much more effectively).

I paid $49 to have my domain on the feature page, within 24 hours it was off. Maybe this is the case but, if it is then it should be clearly stated. $49 for 24 hours exposure is criminal IMO.

Your auction stays on the homepage until it gets rolled off from other people that buy homepage upgrades. This is stated.. Now if not enough people buy the homepage upgrade then you can be there for weeks, but if many buy it, then you can roll of in a couple of hours..

-- We are also working to address this in the upcoming redesign.

 

[FlippaDomains]

Another Filter IMHO would be a good addition is :
No Reserve - Auctions with Opening Bid as Reserve Price (This will automaticatically address the auctions that have yet to receive an opening bid)

Coming soon, hopefully this month.

Well New UI is good but can not see new notifications. User need to check every thing manually if he have got any bid or massage. @FlippaDomains

I think you should provide a notification button like one you have provided in android app

These are now at top-nav, if you have a message or an offer, you will see a number tick at top.

...More to announce soon

 

[FlippaDomains]

When I worked with Flippa, we had "super secret" meetings about how we could increase revenue. It was at this time that I suggested that we, the Flippa employees, bid up everyones auctions and they loved the idea! As a matter of fact, I was given the title of HOE (head of everything). The first thing I did as the HOE was to recruit more employees so we could shill harder. However, employees started winning these lucrative auction so they fired me. Now there is a new HOE at Flippa. I miss being the HOE. However, every great HOE gets eventually replaced by a new HOE.

Just quoting this so it doesn't get edited.

That is some breaking revelations, then I guess they must also know the reserves for the auctions.

WOW. I wish they'd bid up some of my auctions.

Could this mean that the market pricing is, therefore, somewhat artificially inflated? I think this pretty much kills any chance of an IPO.

Wow! Thanks for the candor. If true, this is huge!

Shane was being facetious, guys.

 

[S-B]

Shane was being facetious, guys.

As Kevin noted, I wasn't being serious. I thought that was blatantly obvious.

 

[FlippaDomains]

Well New UI is good but can not see new notifications. User need to check every thing manually if he have got any bid or massage. @FlippaDomains

I think you should provide a notification button like one you have provided in android app

This is a bug and seeing as we all agree is a necessity, I should soon have an ETA for this fix.

 

[osamson]

You are on point @Shane Bellone

 

[Genius327]

100% agree with Shane Bellone there!

I have also noticed some signs of plateau in the nearby future. I am a regular seller of websites and now have started selling domains as well. The marketplace is simply isn't at it's best at the moment, doesn't matter if it has reached 1 million listings, as I believe the quality of the listings had certainly decreased with Flippa giving away all that free credits and free listings last month! I don't think it was a very bright move, more listings does not mean more sales!

The viewers on the listings are also very low now compared to how much they were when I started six months ago.

I hope the best for Flippa's future.

 

[Keith]

Unless you pay the bucks, your listing is going to stay buried in the haystack, no different from Sedo or GD.

What if you could pay $10-$20 to be featured, instead of $349?

 

[DGoodwin]

What if you could pay $10-$20 to be featured, instead of $349?

I would definitely be more likely to pay 10-20 vs 349 to be featured, yes.

 

[daj]

They really need more popular filters, specifically these:
Auctions Only (so none of the free domain listings appear in the results)
No Reserve (auctions with no reserve price)
No Bids Yet (auctions with no bidders)
Buy It Now (auctions with set buy it now prices)

Edit: Just realized the auctions only button is under the search tool. Never noticed it before as it blended in.

 

[venturefile.com]

I paid $49 to have my domain on the feature page, within 24 hours it was off. Maybe this is the case but, if it is then it should be clearly stated. $49 for 24 hours exposure is criminal IMO.

Your auction stays on the homepage until it gets rolled off from other people that buy homepage upgrades. This is stated.. Now if not enough people buy the homepage upgrade then you can be there for weeks, but if many buy it, then you can roll of in a couple of hours..

 

[Perceptron]

No Reserve (auctions with no reserve price)
No Bids Yet (auctions with no bidders)

-- So is Reserve Met
-- We do not have a section for auctions that have yet to receive an opening bid

Another Filter IMHO would be a good addition is :
No Reserve - Auctions with Opening Bid as Reserve Price (This will automaticatically address the auctions that have yet to receive an opening bid)

 

[Perceptron]

Another Filter IMHO would be a good addition is :
No Reserve - Auctions with Opening Bid as Reserve Price (This will automaticatically address the auctions that have yet to receive an opening bid)

@FlippaDomains Hi, Kevin
I like the latest Flippa Navigation and Homepage! Was still hoping for the addition of "NO RESERVE" FILTER within Auction Navigation. Considering the number of Auctions Live at any given time this will be a very Important Filter for Buyers, along with "RESERVE MET" ofcourse! It will be a win-win situation for both, be it Buyers or Sellers!

 

[sanket777]

Well New UI is good but can not see new notifications. User need to check every thing manually if he have got any bid or massage. @FlippaDomains

I think you should provide a notification button like one you have provided in android app

 

[baseballworld]

Congrats sounds like a ton collected in fees for them.

 

[Rahulnowonline]

Yes, I am also agree with @Shane Bellone . . For websites I think flippa is still best but for domain names, exposure is no where near as compare to 6 to 8 months before . .

 

[Beezy]

Flippa is such a great platform. I'm doubling (maybe tripling?) down on my auction listings this month. Hopefully I can add $10k or so to that $150 million in the near future.

 

[HeyNow]

What do you think?

Well, since you asked what I think, I must say that I think that the wonderful sounding numbers may be, at least in part, due to the system of allowing Flippa employees to participate as bidders in Flippa auctions, unbeknownst to the bidders who are not Flippa employees. To me, it seems possible for that system to allow prices to be inflated by employees bidding-up the those prices. That's what my common sense tells me. What does your common sense tell you?

 

[Genius327]

That is some breaking revelations, then I guess they must also know the reserves for the auctions.

 

[Nick]

When I worked with Flippa, we had "super secret" meetings about how we could increase revenue. It was at this time that I suggested that we, the Flippa employees, bid up everyones auctions and they loved the idea! As a matter of fact, I was given the title of HOE (head of everything). The first thing I did as the HOE was to recruit more employees so we could shill harder. However, employees started winning these lucrative auction so they fired me. Now there is a new HOE at Flippa. I miss being the HOE. However, every great HOE gets eventually replaced by a new HOE.

WOW. I wish they'd bid up some of my auctions.

Could this mean that the market pricing is, therefore, somewhat artificially inflated? I think this pretty much kills any chance of an IPO.