I decided to go ahead and relist my site on Flippa because it did not sell the other day that I listed it. Now they claim that they offer free relisting on Flippa when your site does not sell and while it is true, I did not have to pay to list my site that I have scheduled to go live later on today. I am a little upset because of the dispute on Flippa that I filed the other day, I spoke about it when I told you about the Flipping Boss coaching program.
When I first listed the site I paid for the featured listing 3 times as the coaching program teaches. However, I did not want to be forced to pay for the same amount of featured listings for this particular auction. When I set up the auction, it allowed me to sign up for the featured listing as well as the $29 existing site auction, and I did not have to pay a penny the second time.
Why You Should Consider The Existing Website Listing On Flippa
If you have ever listed a website on Flippa, then you know that you have two options of listing your auction:
- New Website
- Established Website
While both of them can be used to list your site, you have to know what the difference is before you decide which one is the right method for you. If you choose to list your site as a new website, you will pay only $9 to list your auction. Now that makes it easy for anyone to sell websites, the downside is that when the site sells, your success fee will be 15%.
If you choose to pay the established listing fee of $29, then when your site sells, your success fee will only be 5%. So you have to take into consideration which method is right for you.
I have personally found that the type of websites that I list on Flippa do well with the $9 auction fee. I rarely get a lot of money for my sites, especially since they do not have any backlinks or traffic. (However, you should always try to get money on the back end of the sale after the auction) I also have been known to set the BIN price at $197, so the 15% success fee does not affect my sales that much.
Did I Do Any Tweaks To My Flippa Listing?
When I re-list a site on Flippa, I rarely make any tweaks to the listings. Although you are allowed to change anything on your listing, the only thing that I changed on this particular one was the title. I created a headline that I feel stands out more and will cause more people to click through to read the auction. (at least this is my goal)
When I list a site, I have a template for my auctions that I pretty much stick to. Since I have been flipping websites on a regular basis, I have my auctions set up on a Word document and saved in a folder on my computer. When I am ready to list a site, I open up that document and cut and paste that auction into Flippa. I may have to make a couple tweaks like, changing the domain name, but that is about it.
I have different auction templates for the different niche sites that I sell. This makes it easy to set up a Flippa auction without spending all day in front of the computer. Sure it may take some time to set up the first listing, but as you continue to sell websites online, you will get faster at listing them.
My Flippa Auction Is Not Actually Free
If you have been afraid to list a site on Flippa because you think that you may lose money, the great thing is that if your site sells and the buyer does not pay, you get to re-list it a second time until the buyer pays, and your success fee is waived.
So while “yes” you are listing it free the second time around, I don’t really consider it a freebie as you did have to pay for it the first time you decided to list it. I guess I should just be happy that Flippa offers the “free relisting on Flippa” guarantee, otherwise I would be out the $180 that I paid to list the site the first time.
I know that sounds crazy to pay $180 to list a site that does not have any backlinks and traffic. In fact, I have been questioning myself, “why the heck did I pay that to list this site?” I can tell you one thing, I definitely will not pay that much to list a site like this anymore, especially if I lose my ass on it.
The only reason that I did it is because I wanted to test the methods of the coaching program to see how well they worked. Plus since I paid for the coaching program in hopes of increasing my flipping profits, I felt that the only way to test the program was to follow through on all the techniques at least once.
So all I can do is keep my fingers crossed and hope that this time around I get a buyer for the site that nets me a profit on Flippa auction. I will keep you updated on how that auction ends, hopefully I will have some good news to report.
How many sites do you usually list on Flippa every week? Which listing fee do you pay to list your sites? I am always curious as to how people run their flipping business, share your experiences with your auctions below.
Journey To Full-Time Income