3 ms·
My first Flippa auction is ending soon...I definitely won't use it again anytime soon. The fees are just too high, and I think fraud is rampant. It's $19 to l
by byoung2 17y ago
My first Flippa auction is ending soon...I definitely won't use it again anytime soon. The fees are just too high, and I think fraud is rampant. It's $19 to list, but without any of the upgrades, my auction didn't get any traffic. The prices for the upgrades are $29 for a home page listing, $5-$15 for borders, screenshots, highlighting, or bold, $50 to tweet it to @Flippa followers. You could easily spend $150 just to list your site, in addition to a 5% success fee if it actually sells.
I suspect that some of the sales on Flippa are the same people selling the same sites to each other to inflate the price. I've seen sever suspicious cases that look like accomplice 1 sells a site to accomplice 2 with accomplices 3-5 bidding up the auction. Accomplice 2 then does the same thing a few months later to sell to 3, and so on. The site (originally worthless), sells for $2000, $3000, $4000 among the scammers before being sold to a sucker for $5000.
In a lot of cases, it looks like people are buying seasoned domains with high page rank and putting up a quickie site. These are likely to lose all of their page rank as soon as the domain is transfered, so be careful.
Definitely do your homework before buying or selling on any of these domain/site flipping sites.