Hello I am back to tell you about the results that I had on Flippa this past week. Now before I get into the results, let me tell you what I did differently with my auctions this past week. I listed 4 sites total on Flippa and three of them were listed using the same methods that I have been listing them.
I list the site and put a reserve price on them for at least $49 and then hope that it sells. While I do not mind selling my sites like that, we all know that making more money is a lot better.
My Results From The First Three Sites
The first three sites that I sold I listed on Flippa with the reserve price of $49. I was actually amazed at how many bids I received for one of my sites, it was actually the most I had ever received using the methods that I had been using.
Site One: sold for $95 and had a total of 6 bids. That was not too bad, after all it is a lot better than only making $49.
Site Two: sold for $130 and had 16 bids, yes I have already transferred the first two sites. In fact they were both purchased by the same person. The best part is that the person needed a hosting account and they used my Hostgator affiliate coupon to sign up. This means that I made another $100 in affiliate commissions.
Site Three: sold for $125 and had 5 bids. I have not transferred the site, however, the buyer has already paid me for it. I am still waiting for them to send me the details for their hosting and GoDaddy account so I can transfer the site.
New Method Of Selling This Site
Okay if you have been following along with this site, then you know that I am a member of a Flipping Websites coaching program. This program teaches us how to flip sites using different methods than I have been currently using. Now before you get all excited and believe that it is only going to cost you $9 to list the sites, using this method costs me a lot more.
However, the sites sell for more. Take a look at the site that I listed using this method. It has received 28 bids and is still not completed yet. However, as you can see, the bids are now up to $345 for a brand new site that does not have any traffic.
Now I can not reveal everything that I did to it, but I can tell you that I will be listing more sites using this method. The downside as I mentioned is that it does cost more money to list the sites using this method. So after you sell a site using this method, you have to subtract all your expenses and find out if it is still profitable.
Now this was my first time selling a site using this method and I made some mistakes. However, I was still able to profit from the site. I know that when I list my next site, I will be able to profit more. Now will all my sites sell for over $300? The truth is that some of the people who are in the same coaching program had their sites sell for over $400.
When I listed the site, I had a deep feeling that I should of listed a different site. However, since it was a template that the coach gave us, I decided to use that.
So Did I Reach My Goal Of $500?
If you remember earlier when I flipped some sites last week, I set a Flipping Websites goal. I said that I would like to make $500 this week in selling websites. As you can tell from my sales, I definitely made the $500. While I have been paid for all my sites, except for the third site, as that auction has not ended yet.
If the buyer ends up paying me for the site, then I will definitely have reached my goal. Am I worried about not being paid from the buyer? The truth is that it really does not matter. Sure we all want to get paid, however, we all know that every once in a while you will get a buyer who will not pay for their auctions.
What To Do If A Buyer Does Not Pay?
Honestly there is really nothing that you can do if a buyer does not pay for an auction. You will have to wait 72 hours to file a dispute with Flippa. If they find the dispute in your favor, which will happen if the buyer did not pay you. They will refund you all the costs that you have spent on the website. You will even get to re-list the site for free if you choose to do so again.
So as you can see, you are not really losing anything at all to begin selling sites on Flippa. Of course if you get a non-buyer and they do not pay you, then of course you have wasted a lot of time. However, if you choose to flip sites as a business, then this is something that you are going to have to learn how to deal with.
You may be wondering if there are a lot of non-payers on Flippa? Well this is something that I can talk about in my next post. Talk later, don’t forget to ask any questions that you want to ask. No I will not reveal how I am listing my sites, as this is something that I have paid very good money for.