Flippa Friday: Flippa Sells Over $540,000 In Websites Last Week

Last week the website sales marketplace Flippa sold over $540,000 in websites and received over 3,700 bids. Some of the major success in March can be attributed to their new “Confidential Listings” which started-off with a whopping $300,000 website sale!

Flippa Front PageIn the last three months Flippa has sold 61% of the websites listed on the service. Compare this to Sedo who sells only 0.4% of the domains listed with the service and you can really put Flippa’s success into perspective.

Along with strong sales results Flippa has also made a changes to their terms of service to reduce fraud and ensure that all members are properly representing the sites they are selling. You can read more about the new rules on Flippa’s blog.

The top published sale on Flippa this month was that of TheCouponCupboard.com on March 3rd for $37,000. For a PR 4 site making over $1,700 a month I think this is actually a great deal at 21x monthly revenue. If you’re not paying attention to Flippa or if you’re letting some of your great domains sit on the shelf collecting dust you could be missing-out on some great opportunities.

As you all know I pay careful attention to Flippa – stay-tuned every Friday for the latest updates from the website flipping world! Now get back to Domaining!

{ 7 comments… add one }

  • todaro March 25, 2011, 11:44 am

    you must be completely outta your friggin’ mind. i’ve checked out that site many times and have rarely seen a listing that didn’t seem fraudulent. i could be wrong but i rarely am.

    Reply
  • Morgan March 25, 2011, 11:47 am

    @todaro I’ve spoken with Flippa employees about this and they have verified that a vast majority of the listings are completely legitimate. They are constantly working to eliminate fraudulent listings.

    Most Domainers don’t know how to do the research to figure-out a reasonable price for these websites or determine if the stats are correct. That being said with a bit of research it’s easy to see and there are some AMAZING deals on Flippa, real sites making real money!

    However I’d prefer for Domainers to continue to think the way you do so I can buy all the good stuff myself 🙂

    Reply
  • Peter March 25, 2011, 12:30 pm

    Hi,

    I have seen many domain names (not websites) also being sold on Flippa. Any idea how good is Flippa for this type of sales from sellers point of view?

    Thanks!

    Reply
  • Will March 25, 2011, 1:19 pm

    Morgan, I think an apples-to-apples comparison (percentage of domain names sold) between Sedo and Flippa might be appropriate. Flippa’s success rate is due to the existing monetization of the sites being sold.

    Reply
  • Jason Thompson March 25, 2011, 5:20 pm

    @todaro

    Flippa does indeed work. I’ve got a friend who has purchased several thousand dollars worth of sites there. Each site has performed as the seller advertised. If you want to label something fraudulent I can point out several threads on eBay for you.

    Reply
  • Danny Batelic March 26, 2011, 1:37 am

    I actually interviewed Andrew Knibbe, flippa’s marketing manager, recently and quizzed him on this very topic.

    His answer was very interesting!

    check it out if you like at
    http://www.tradingwebsitesblog.com/flippa/flippa-interview

    Reply
  • PPC Ian March 26, 2011, 4:12 pm

    Thanks for sharing, Morgan! I agree the price of The Coupon Cupboard seems really great!

    Reply

Leave a Comment