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I wanted to take some time and share my experience with Flippa in 2015 versus my experience with the service in 2013.
When I started using Flippa in 2013, my opinion of the service was very poor. There appeared to be rampant shill bidding and what seemed to be a lot of misrepresentation of products and services. I removed any names listed, and swore off using the service; which many of us did.
I wanted to give the service another shot, the get a better feel of the marketplace in 2015.
To start I chose a name I was willing to part with that was tech/IT related, as Tech/IT related names sell well on flippa; I chose MyHTML [dot] com. We went with the premium listing option, and included a custom logo on the auction; which I set with a $10k reserve and maximum time allowed for auctions.
Instead of just sitting back and hoping for the domain to sell, I started doing some end user research; first reaching out to businesses relevant to the domain, and then to specific Flippa buyers.
After a few days, one of those individuals that I reached out to decided to place a bid for the name; where he remained the high bidder at $5,502; I lowered the reserve to a dollar over and it was sold.
The entire customer service team was very helpful, especially Kevin; who made himself available to provide me with any answers and suggestions that I had about the current Flippa market.
I only noticed later that I had listed the very same domain on Flippa in 2013, with no promotion and no end user outreach. Listed as an auction, with a $1k start and no reserve; not a single bid.
The domain resale climate has improved since the nTLD launch uneasiness has died down, and Flippa is a different place in 2015.
So in the end, if you have a quality tech/it related domain; I recommend using Flippa as a marketplace where you will get a fair ROI for your domain if you are looking to liquidate.
One suggestion that I would like to make for Flippa is to have a marketplace education process that people go through before the list names at a premium pricing. This was suggested by a Flippa broker previously, however it seemed like more of a sales ploy on his behalf, rather than a helpful process to make the service a better place for customers.
I think that eventually Flippa will be a great marketplace for all names, however I don't think i'm ready to list names outside of the tech/it niche at premium pricing. Maybe my POV is just a reflection on domain value and the market in general, but I think it would be good for sellers to be aware of this before they make any lofty investment in their listings. This isn't a terrible thing, tech/it niche is great company to have a captive audience with; which they have done a great job doing.
Anyways, that's my 2015 experience of Flippa; very pleased and would use again in the future.
When I started using Flippa in 2013, my opinion of the service was very poor. There appeared to be rampant shill bidding and what seemed to be a lot of misrepresentation of products and services. I removed any names listed, and swore off using the service; which many of us did.
I wanted to give the service another shot, the get a better feel of the marketplace in 2015.
To start I chose a name I was willing to part with that was tech/IT related, as Tech/IT related names sell well on flippa; I chose MyHTML [dot] com. We went with the premium listing option, and included a custom logo on the auction; which I set with a $10k reserve and maximum time allowed for auctions.
Instead of just sitting back and hoping for the domain to sell, I started doing some end user research; first reaching out to businesses relevant to the domain, and then to specific Flippa buyers.
After a few days, one of those individuals that I reached out to decided to place a bid for the name; where he remained the high bidder at $5,502; I lowered the reserve to a dollar over and it was sold.
The entire customer service team was very helpful, especially Kevin; who made himself available to provide me with any answers and suggestions that I had about the current Flippa market.
I only noticed later that I had listed the very same domain on Flippa in 2013, with no promotion and no end user outreach. Listed as an auction, with a $1k start and no reserve; not a single bid.
The domain resale climate has improved since the nTLD launch uneasiness has died down, and Flippa is a different place in 2015.
So in the end, if you have a quality tech/it related domain; I recommend using Flippa as a marketplace where you will get a fair ROI for your domain if you are looking to liquidate.
One suggestion that I would like to make for Flippa is to have a marketplace education process that people go through before the list names at a premium pricing. This was suggested by a Flippa broker previously, however it seemed like more of a sales ploy on his behalf, rather than a helpful process to make the service a better place for customers.
I think that eventually Flippa will be a great marketplace for all names, however I don't think i'm ready to list names outside of the tech/it niche at premium pricing. Maybe my POV is just a reflection on domain value and the market in general, but I think it would be good for sellers to be aware of this before they make any lofty investment in their listings. This isn't a terrible thing, tech/it niche is great company to have a captive audience with; which they have done a great job doing.
Anyways, that's my 2015 experience of Flippa; very pleased and would use again in the future.