Flippa really fell off the map when it comes to domain names

It’s weird but I think sometime maybe a year or two ago people stopped using Flippa and domain names in the same sentence. Maybe it has something to do with diminishing quality of inventory, maybe it was the listing costs, or it could also be the limited number of buyers with a serious budget. Whatever it was, Flippa went from being a known player in the domain world to, well, not.

Now when you go to the Flippa website they brand themselves as the #1 marketplace to buy and sell online businesses…and there’s a weird banner add for Hostgator above-the-fold. I don’t think I’ve seen many marketplaces that have a big affiliate ad front and center which probably means they’re trying to find as many ways as possible to monetize at this point.

flippa-homepage

Taking a look at the domains that are currently for sale on Flippa and there are some pretty weird listings, like this one for a portfolio of 914 domain names with a BIN price of $115,000.

914-domains

Where’s the facepalm emoji when you need it? This is very likely a portfolio of liabilities, roughly $10,000 in renewals each year for a bunch of domains that someone else couldn’t sell. I could be wrong but if someone thinks that MembersClub.com is a premium domain I can’t imagine what the other premium domains are.

So what happened? Anyone know when Flippa fell off the domain map? I used to be a big fan…now I’m just confused.

{ 10 comments… add one }

  • Tristan June 7, 2018, 9:38 pm

    Not sure what happened, but I remember a lot of people got upset when Flippa admitted they let their employees bid on auctions. Also don’t like the fact that the editor’s choice domains are by the same small group of sellers all the time.

    Reply
    • Supratik June 8, 2018, 12:13 am

      o true

      Reply
  • JOHN COLASCIONE June 8, 2018, 2:42 am

    The brokers behind the site are probably generating the best sales with all their featured auctions and editor choice listings paid for by the house.

    Reply
  • doob June 8, 2018, 3:14 am

    hmmmmmm… could it be that people finally got tired of dealing with a gang of liars, cheaters, crooks, and thieves?

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  • Jose June 8, 2018, 4:44 am

    The problem with this online domain auction Business, is that only the profiles of its buyers are not correct. The system they use is sub-plant the name of another person or put the nickname and not the first name and next surnames this is legal right international on the internet and Flippa not monitor this important point for its good work.

    Example I two times play with me in ways that are not correct in 15 day Auctions you pay US $ 59 and before starting the auction, put the US $ figure, reserve premium domain name or if you do not want to have US $ 1 with text description of the domain and upload a photo, video, logo etc, in an auction is to bid each bid must be higher than the first example I bid 100USD and you must bid equal or 101 USD and so on with other buyers interested this is correct in offline bidding and it should be the same in online.

    But it’s not like that because if you give a reserve figure it’s like a 15,000 USD exit figure to start the auction and the bid and the highest bid at the end of the online auction should be 15,100 USD or more 25,000 USD.

    Flippa uses a non-legal strategy that is to send email to the 2 days plus money 350 USD for more buyers, I do not, 24 hours, 12 hours, 5 or 4 hours and 1 hour to the sellers before finishing the auction so that those to be newbies and not know how it works we all fall and in the end the last auction is 12 USD a domain name premium videogames and 4 characters appraisal for 25000 USD per expert in global domain assessments

    I do not sell and do not accept the purchase of the eastern buyer, I myself check in your profile that you always buy domains of 4 characters for 12 or 24USD and then put on sale in Auction price reserve 15000 USD just as I have put and then your profile was false to have no picture, main name was third last name and below an illegible name, discover everything by the other domain names that you bought through Whois your real name and surnames.

    Finally, in which auction of the world there is the BIN this is not correct since the BIN is like landing page in http://www.efty.com

    Reply
  • Cher D June 12, 2018, 12:01 am

    Hi Morgan,

    Always good to speak with an experienced person in the industry!

    Over recent times Flippa has diversified from domains into online businesses. We still support domains, but the focus of Flippa moving forward is the buy and sell of online businesses.

    I did want to also quickly respond to a few comments made for the general knowledge of everyone. Importantly, Flippa employees are not allowed to engage in any auction or classified listing – Flippa remains impartial at all times. Editors choice is a selective promotion of the most interesting and ‘best’ listings on Flippa at any particular time – again this is impartial and actioned by our marketing team. Flippa does not have any internal brokerage, in fact we are working directly with many brokers from all around the world – bringing their expertise and individually managed listings to the Flippa community. Also if anyone has any questions or concerns about anything related to Flippa, our support team are available 24/7 and can be reached at support@flippa.com. Please do get on contact if you have any concerns or any general questions as we are happy to help.

    Reply
    • Morgan June 12, 2018, 8:52 am

      @Cher – thanks for your comment, definitely clear that the focus has shifted away from domains so I appreciate you confirming that. I’ve always been hesitant to buy “revenue generating businesses” on Flippa as I’ve identified a ton of scams on the site in the past where people are claiming traffic and revenue that clearly isn’t true.

      The problem is that it’s easy for people to fake screenshots showing traffic and revenue. I’ve heard from a number of people who have bought businesses online only to see the traffic and revenue fall off a cliff a month or two after they buy it.

      I’ll poke around and see what you guys have on there now. I’m not saying there aren’t legitimate online businesses being sold on Flippa, but I do think it’s a high risk investment that requires a lot of research to really validate that the sellers claims are true.

      I’ve always hoped that in the future Flippa would install their own traffic and revenue tracking software on a site to truly validate the claims rather than relying on screenshots, any thoughts about making that possible now or in the future?

      Reply
      • Cher D June 14, 2018, 2:23 am

        Thanks for the feedback Morgan.

        Please feel free to contact us directly with suggestions for improvement and these will be escalated internally for review – always interested in hearing from the community. You can contact us at support@flippa.com. We also recommend that anyone interested in buying a business or asset on Flippa verify all claims directly with the seller and perform their own due diligence.

        Thanks.

        Reply
  • Patricia Kaehler June 13, 2018, 7:24 am

    I saw the decline in quality / service / methods back in 2016-ish…
    They were also purchased (weren’t they) and when Kevin left – well – it’s not been the same since…

    Reply
  • Tristan June 14, 2018, 3:55 am

    @Cher: I am glad employees are no longer allowed to bid on auctions, however, per your CEO (possibly former, not sure if he is still there) you did in fact allow it in the past: http://tldinvestors.com/2014/09/should-employees-be-allowed-to-bid-at-auction-sites.html

    Reply

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