Trading Websites and Why Flippa is not Ebay
Before trading websites on Flippa, for a number of consumers our website auction
usage was via eBay. Now there’s some discussion and a lack of understanding
surrounding the fact that Flippa, though similar on the face of it, is a bit
different to buying and selling on eBay..
The clear difference between eBay and Filippa is that using eBay, purchasers and
retailers hold a good take as to the value of what they want to trade.
Often buyers and on occasion even sellers turn to Filippa challenging “What do you say is the site honestly worth?”
When using eBay, being a buyer you find out how much the goods are worth and you sign in and
enter the auction planning to win the auction at a cost you
know is going to be cheaper than in a store, or if you find a collector’s item, a cost
that you think is just.
*The majority of the flipping websites marketplace is so sophisticated that buyers and especially
newer buyers start with less than adequate appreciation about what a website is worth and
how they should decide on an appropriate buying price.*
Let’s say for example, you’re selling latex blow up dolls through eBay. Both
buyer and seller already hold a good understanding of the doll’s financial value. The
seller sets the start bid, likely a reserve without a ceiling or “buy it
now” selection and simply let buyers battle it out by the bidding war.
On the other side of it, if a seller on Flippa is listing
latexrubberdolls dot com, the majority of buyers have no notion of how to check the value the site is
and approach the seller for a guide, who in turn more often than not has little understanding of what
his site is worth.
I’m primarily talking about lower to mid range websites in this, as top end webpages
largely pander to buyers that understand the market and how to judge what a trading site is worth,
or really, ought to. There remains to be a bit of emotional investment when
buying and selling net sites, which can certainly work for you as long
as you remain unattached (to the site, not the doll).
I hear of sellers getting frustrated repeatedly about likely buyers demanding the reserve price or a “buy it now” price when it isn’t given. The
irritation is bred from the eBay process of doing things, which allows for typical buyers
have got a general thought of the price the product is worth.
On Filippa, potential buyers of low to mid grade webpages should realise how much the
seller will ask for the website and then the auction “war” is about the buyer that can win at
less than the BIN price.
I’ve checked out a few sites that offer no reserve, no BIN auctions and buyers don’t know the amount they should be having to pay and in most of the cases, the sites have
gone for a lower price than I considered.
The top results I’ve seen have come with auctions that have offered a BIN price and
no reserve. Leaving out the reserve and giving the bids a ceiling price gives
buyers the reassurance to get a “bargain”, because there is no reserve, but they understand that they could jump up and end the auction process for the BIN price if the
auction process starts to become that little bit too heavy for them.
When trading websites , setting a bin
price on the lower to mid level websites can also assists you to let go of the drama
many buyers realise at Filippa’s policy of not ending auctions if bids are
made during what was the countdown hour.
That policy gives sellers a period of time to look over all the bids and avoid any “junk”
bidders who are choking the bidding process.
Buyers and sellers certainly must get the worth of a website as as to ensure that being a seller you
can gain the greatest value on the table and additionally for buying you have to have the understanding to find the many undervalued bargain offers out there every
day on Flippa.