As most of you know I started my make $500 on Flippa challenge, before Christmas. I just finished listing two auctions last week, so I thought that I would provide you a quick preview of the results from those listings.
What Happened To My Two Auctions
I was able to list two auctions last week and one auction ended up unsold the second site sold for $197.
These sites were listed while I was still in school. My last day of school was Friday, so this week, I am going to try to list 3-4 auctions.
I only have 11 more days till Christmas. I can’t list a site on Flippa to end on Christmas day, I just don’t think that it would sell.
I plan on ending my challenge next week, regardless of what my outcome is.
My challenge just started, yet it feels like the end is coming up quickly.
I should’ve started it at the beginning of the month, but just couldn’t because I was extremely busy with school finals.
Stats From My Auction
I wanted to provide you with some quick stats from my auctions.
First of all, one auction ended up unsold. Yes, not all the sites that you list on Flippa will sell. You have to take that into consideration, especially since the sites that I sell are brand new sites without any traffic or income.
If your site does not sell, Flippa allows you to re-list the site for $5.00 instead of paying $9.00. I do re-list my sites if I feel like it has a chance of selling.
However, I won’t re-list a site more than twice. I feel if it doesn’t sell in that time, it’s not going to sell.
I am not sure if I will re-list this site before the challenge is up.
If you do begin flipping websites on Flippa, then you will have to make the decision on how many times you are willing to re-list your site if it doesn’t sell.
My Site That Sold Stats
Okay so you know that I sold one site out of two. Now let me quickly go over the some stats with you.
As you can see, the site sold for $197 and received a total of 17 bids. It ended up in a bidding war, then one person ended up hitting the BIN price.
I blurred out the start date, for account privacy.
I didn’t want someone to try to reverse-engineer my auction and get a hold of my account. I hope you can understand that.
Overall Profits From Sale
As you know, it costs money to list a site on Flippa. You can’t expect to get involved with flipping websites, if you’re not willing to spend some money.
The great news, is this can be turned into a full-time business. There are several sellers who flip websites on a regular basis and have turned it into an actual full-time money making method.
I on the other hand, do this on a part-time basis.
I don’t list sites every week, I just don’t have the time with the other projects that I have going on.
The great thing is that whenever I need some quick cash, I always know that I can turn to Flippa.
So here are my profits from the sale:
- Flippa Listing Fee: $9.00
- Domain Fee: $3.13
- Flippa Invoice Fee: $29.00
- PayPal Fees: $7.98
- After Fee Profits: $147.89
Wow I didn’t realize that the PayPal fees are so high.
I personally don’t think that making $147.89 off of one site without any traffic or backlinks is that bad.
Sure I know that it’s not enough to retire off of. But it only takes me 5 minutes to set up the auction the way that I do it.
The most time consuming part is finding a domain name that I want to purchase.
Update Of Site
Now I haven’t transferred the site to the buyer, he sent me an email the other morning that he is a brand new buyer.
I love brand new buyers because it is an opportunity to sell them hosting as well.
I have a squeeze page that I send to the buyers after the sale. This makes it extremely easy to get all the required information that I need to complete the transfer of the site.
On my squeeze page, I have a Hostgator affiliate link. This enables the buyer to get started with hosting of their new site for one penny for the first month.
Now I don’t push my hosting affiliate link on them, I only make it available to them.
However, I will only transfer the site to their hosting account if they have cPanel. I make this especially clear on the auction.
I transfer the site for free regardless of whether or not they purchase the hosting account from my affiliate link or not, as long as their hosting account has cPanel.
If they have GoDaddy hosting, I don’t transfer the site for them.These are just my rules, of course you can set up your rules anyway that you want.
You just need to make this clear in the auction…so they know they will be responsible for transferring it.
Once they provide me with the required information of their site, I set up their new site for free.
I prefer to use WP Twin for transferring the sites that I sell on Flippa.
Providing The Best Experience Possible
My main goal is to provide them with the best experience possible with the transfer. I like to make it as smooth as possible.
The better experience they have, the more likely they will trust you and provide you with great feedback.
Besides, they just purchased a website from you. So you need to treat them like you would like to be treated.
I’ve been in flipping coaching courses that have talked about shying away from new buyers.
However, from my experience, there are a lot of new buyers on Flippa.
I don’t mind dealing with new buyers, after all we were new when we all got started.
Time To Share
What do you think of my first website sale from the auction? If you sold a site on Flippa, would you sell a site to a new buyer?
Do you think that you would offer free transfer of the site to the buyer?
If you were a buyer, what would you look for from the person you were buying a site from?
Journey To Full-Time Income