If you know anything at all about Flippa, then you know that they give you two weeks to pay your invoices.
I used to have my account set up to where as soon as the site sold, I would have the invoice automatically deducted from my PayPal account as soon as the buyer sent the payment.
However, after I finished one of the Flippa coaching programs that I paid for, I realized that it was crazy to automatically pay them.
While that works great and it ensures that you are always paying your invoices.
I’ve learned that if you’re going to be selling a lot of sites and want to have more control over your Flippa account, you shouldn’t pay your Flippa fees right away.
Use The Money To Flip More Sites
Look I know that you have to pay the fee one way or the other.
There are no and, if’s or but’s about it…you have to pay your fees!
Either you do it the day that the site sells or you can wait and take the two weeks that they allow you to take.
I say wait for the two weeks before you pay your fees.
After all, why pay for the fee right away? They don’t give you any credit or bonuses for paying your invoice early.
There’s absolutely no incentive for you to rush over and pay your invoices right away.
Take that money that you made from your previous flip and use it to list even more sites.
This will allow you to make even more money and then you can turn around and re-invest that money to either grow your Flippa business or grow another business.
How I Use My Flippa Money I Make
Look I won’t be the first to tell you that you don’t want to put all your eggs in one basket.
You won’t like the outcome, especially if Flippa went down tomorrow. Yes I know that Flippa is a huge marketplace and the probability of it going down is pretty ridiculous.
But unless you’ve ever been in a position where you lost all your income or a majority of it from relying on just one method, you learn your lesson.
I’ve been in that situation where I’ve focused on just one method and before I knew it my income was swiped away from me. It was like someone just pulled the rug from under my feet.
So I refuse to do that anymore. I now have ventured into other areas such as product creation.
Quick Walk Through On How To Pay Your Flippa Invoices
Look I can’t tell you how to run your Flippa business or that you shouldn’t rely 100% on Flippa.
I can only share with you how I do my business. I can only share with you why I choose to NOT put my eggs in one basket.
Hopefully my personal stories and experiences will help you realize why you should never focus on just one method to build your online business.
Time To Share
Were you aware that Flippa gave you two weeks to pay your auction fees?
Do you think that you would pay them right away or would you wait and re-invest the money to grow your online business?
If you still haven’t gotten into flipping websites and want to know how to get started then check out my Flippin Profits Exposed membership.
Journey To Full-Time Income