FP - Flippa - 400% Price Increase

[Bryan]

Good morning everybody! (well, not so much of a "good" morning for many of us)

As some of you have probably already seen, Flippa have recently made an announcement via their blog about some updates to their pricing structure.

The blog post is pretty long and winding, but here's a quick recap:

Featuring your listing now costs $50 (instead of $40). A 25% increase - not that bad. I'm personally not worried.

The price of the Privacy upgrade (the "Hide Ended Listing from public view" feature) has been reduced from $100 to $30 (maybe someone will start actually using it now!)

And most importantly, the Success fee cap has increased from $500 to $2,000 - a completely insignificant 400% increase.

In lights of Flippa's recent change in pricing that Thomas wrote about in this thread, my question is - will any of the regular mid-rage ($15k to $100k) sellers - let alone brokers that deal with this range - list their sites on Flippa ever again?

In light of those changes, I for one only see the point in listing low-end (below $10k) sites on Flippa. For mid-range sites their updated pricing is utterly ridiculous, and as most of us know, for high-end sites Flippa hasn't ever been too great of a platform.

Very interested to see other people's comments on this, and if we're lucky we'll get Andrew to pop by and perhaps elaborate on the reasoning behind this price increase (the need to get rid of brokers and serial sellers?)

Cheers,
Bryan

[Thomas]

Oh the irony: "we work to deliver maximum value for both website buyers and sellers."

[Xflipper]

Those guys just get greedy but do we have better option? Flippa, at this phase, still the best place to sell sites.
Or should we create a better marketplace?

[Dan]

Off to Rouper we go

[Bryan]

Those guys just get greedy but do we have better option? Flippa, at this phase, still the best place to sell sites.
Or should we create a better marketplace?

There's always the option of using a broker, although there's only a few decent ones out there that deal with sites that are worth less than $50k.

But this recent change is definitely very good news for some new marketplaces (there's a few very promising ones out there).

Bryan

[Xflipper]

Off to Rouper we go

Is Rouper good? They said they only accept high end websites. what are high end websites for them?

[Xflipper]

@Bryan,

I think the reason people spending money at flippa is they can drive very targeted traffic to the auction, not many marketplace can do that now (or no).
I don't have much knowledge but is setting up a sites marketplace difficlut?

[Bryan]

On a slightly different note (inspired by Thomas post on another forum) - I'm wondering what percentage of sellers will decide to open a new account every time they have a site to sell and then just take a ban instead of paying the $2k ?

While Flippa have admittedly made it relatively difficult to open multiple accounts, many people would consider $1.5k good enough money to get a new phone number and a new IP address. This combined with the fact that at this range the seller's "Flippa reputation" doesn't mean a thing (communications between the seller and the buyer usually happen over the phone, people are thorough with due diligence, Escrow is used, etc.) could create quite a mess.

[Xflipper]

On a slightly different note (inspired by Thomas post on another forum) - I'm wondering what percentage of sellers will decide to open a new account every time they have a site to sell and then just take a ban instead of paying the $2k ?

While Flippa have admittedly made it relatively difficult to open multiple accounts, many people would consider $1.5k good enough money to get a new phone number and a new IP address. This combined with the fact that at this range the seller's "Flippa reputation" doesn't mean a thing (communications between the seller and the buyer usually happen over the phone, people are thorough with due diligence, Escrow is used, etc.) could create quite a mess.

I will be one of them and there gig like this
"I will give you 10 PVA flippa accounts for $5"
On fiverr

[Bryan]

@Bryan,

I think the reason people spending money at flippa is they can drive very targeted traffic to the auction, not many marketplace can do that now (or no).
I don't have much knowledge but is setting up a sites marketplace difficlut?

Correct.

But brokers can.

And it's only a matter of time until we have a (few) marketplace(s) that do have quality buyers. By the way - contrary to what many (including Flippa - as it seems) like to think, finding sellers with good budgets is NOT difficult (given that you're active in the industry and have the necessary contacts). I'm actually rather amazed that Flippa (still) seem to think that they're untouchable - and I do hope that someone will prove them wrong very soon.

Bryan