According to Flippa.com’s official blog, the site has set a new personal record selling $1 Million dollars of domains and websites this week.
Including the $1 Million dollars of sales this week, Flippa has sold over $40 Million dollars in web properties over its short life.
The most impressive stat well maybe that they say they sold 54% of the listing for the last 3 months.
That’s incredible.
“””It’s been a huge seven days at Flippa: over $1 million worth of web property has changed hands here in the last week!
It’s a new sales record! And on top of that, we’ve passed $40 million of website sales for the life of the marketplace:
Yesterday’s sales and auctions brought the week’s total to 371. That’s a lot of property, and a lot of happy buyers and sellers.”
The blog also says the average price of property sold in the last seven days was $2,675.
I know many of these sales are not pure domain sales, but still adding these sales to the domain channel that we see on DNJournal.com and its a pretty impressive market in what is still a down economy.
I think this helps the thought that we must develop – at least to a point. For most domains, we can’t just have the ’empty lot’ and hope for riches, we need to pretty it up and make it desirable enough so a buyer sees the potential.
Looking forward to seeing what the Epik Conference Auction with Moniker produces.
True value of domain property is in development. It pushes the ideas and fantasy of end users and the domain becomes live. Flippa may become much more powerful then any other Domain market place because of, not just selling dead land where people need the for sight to imagine the actual value and good ROI.
While most farmers sold there land cheap because they had no other knowledge but to only see farmland, it was the investors that built upon the cheap land, which turned a wheat pasture into multi million dollar office buildings and at the end the company’s working out of these office buildings are ruling the world market of wheat and other stock.
Flippa is doing a fantastic job in bringing forward the true value of domain property. I personally see great future for there business model.
Thanks for the info as I was not familiar with that site. Looking through the list of recent sales, many domains are not the type that domainers would try to flip. So development can be a useful monetization tool. However, I believe the industry underestimates the work involved.
Looked at the site a while back, bunch of crap names with rank, rank/seo is what is selling there, not domains for the most part. In general the sales there do nothing for us.
just looked at the front page… everything there was crap… you sure this ain’t just hype?
They have been around for years before they were called Flippa…
Hi, I am a Rookie in domain field. I should say, with 100 million domain blogs out there, there isn’t a single post on the internet to explain what is a USPTO filing? How to file one? How to defend one? How are the parties involved on both sides? How much money spent on both sides on an average? etc etc etc. Shame on you all big fellas. This field ain’t friendly to new comers. That’s per sure.
reported sales does not necessarily mean they are closed deals…if you look at a number of their “sold” sites the sale price and lack of bids seems to be a big red flag that the site did not sell…I will say they have a nice easy to use portal for buying and selling sites…
I think in this case the downturn in the economy has helped with their success. As more people loose their jobs and are faced with future employment uncertainty, more and more people want to be self employed and are looking for alternative means of income. More and more are turning to the web for these opportunities. It would be interesting to break down their sales down into what segment of the population is buying these websites.
“It would be interesting to break down their sales down into what segment of the population is buying these websites.”
The poor clueless people.
The poor clueless people.
In all selling empty domains, developed domains, best domains, great domains, and all that, in they end what every one is trying to do is to make money, did money exchanged hands?
See the article about Flippa.com Pty Ltd., postedd on June 23, 2010:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100623006847&newsLang=en
“… Flippa.com is the largest global marketplace for buying and selling established websites. It has traded over $36 million in websites and domains and continues to list 500+ new websites for sale weekly. “
@RL – That’s a promotional press release, not an independent “article”.
My skeptical side has been activated. The very first site listed under “most active” is asking just $2600 for the site … but boasts “$1,311.56 per month” in revenue. What is wrong with this picture?
M. Menius me too… I’m a bit more than skeptical. I saw that site too, why would anyone sell a site making $1300/mo. for $2600? Something shady seems to be going on there!
All eyes are upon the Moniker auction at the first Epik Domain Developer’s conference. I think it’s the right idea at the right time.
More.. according to DomainShane this is an underpubilcized auction with 300 revenue generating websites based on the Epik platform, including – AbdominalTrainer.com, Collision.com, Haircare.com, HardDrives.com, Heroine.com, Maid.com, HDProjector.com, Patents.com, Spoons.com, WirelessHeadphone.com and WiFi.com.
@Don
You hit the nail on the head. I cover the most active and top selling auctions on Flippa each week on my blog. You wouldn’t believe how many sales actually never close. A couple weeks ago two of the top sellers were relisted the following week because they actually never closed.
What I want to know is if this figure Flippa is bragging about includes sales that actually didn’t close. My gut tells me they are strictly going by auctions that end as “sold.” If that’s the case, then this $1 million figure is overly exaggerated.
Travis
I ve used Flippa 3 times, last one 2 month ago made me a sale of $200 that was more in favor of the buyer than me. I ve browsed their listings many times and I usually end up reviewing websites that are not worth buying even for $50.
Many websites are replicated and sold many times under different domains(for example rss feeds blogs), others have iframes resulting in fake stats and in general buyers should be very careful when buying something there.
Of course you can buy quality websites with some revenue but again most of the times bin prices are very high for a domainer.
3-4 years ago, I bought 50-100 sites at Flippa.com (at the time it was part of SitePoint.com), ranging in price from $500 – $60,000. Although none of the sites I bought made any big money for me, I was very happy with their website buying/sales system.
Q: what are, in your experience, the most profitable domains parking services?
Just
There are many good parking services however results vary drastically domain from domain, and portfolio to portfolio so its best to try several services.
Flippa is a marketplace bull BS websites with Black hat SEO for short term traffic and revenue so that they can flip it for an extremely low multiple.
If you list a real domain & website there people are like, huh?
They only know one thing. They will pay 12 – 24 month revenue. Doesn’t matter if the domain name is: Chocolate.com or BabyJohnsFavoriteCereal.com.
It is all BS.
However, you can find good deals if you want to buy an off the shelf site template…and customize it for another domain you own .
@MHB
the best parking services for “small domainers” (to park a few dozens to, max, one hundreds domains) should give a good revenue (not necessarily a “top” profit) but constant and for several months (a service that has a few days “peak”, then a quick fall, isn’t good) that’s why I’ve said “in YOUR experience” in my question (I’ve dozens domains, some used for my blogs, other that I want to sell, but I’ve never parked, so far, not one of them to earn money)
.
I think Tim Smith has said it perfectly.
Its like real estate, a small few can see an old run down place or the open fields and see it for its potential, this is a small group who have imagination for what it could be.
The mass market like to see the finished product, to be able to drive down the street with the trees and light posts, the new roads and park. Then they can visualize themselves living there and maybe the type of home and garden.
In real estate you can take a project along its time line and have multiple exit points, the raw land, the development approval, the civil works (roads etc) selling blocks ready to build, and maybe even build a few homes and sell them when finished.
There are different buyers at each of these points with different levels of skills and comfort working with those skills.
The mass market (more buyers) appear towards the end of the project when they can see what they are buying.
The benefit of web development is it doesn’t take as long as land development.
…and I wish to start parking domains with the google movie ones… 🙂
is SEDO the best (for profits) to park my domains?
or…. it has too many domains parked to be visible?
$40,000,000 is a great number indeed but unfortunately 54% takes the lights away from the seven zeros…at least for me as I was amongst the 46% 🙁
Em_Bee
Do you have a tinge of sympathy for the parking services? Not much promise there anymore, especially if you consider you have a premium domain with lots of traffic, and sharing it with two middle men, to receive the “smallest share”. Better to develop a high performing domain, especially in the CPA arena, yes?
Am I wrong to analyze revenue comparisons to what a great domain can make on a landing page, and what it can make as a full-blown service website entity?
For me, no. What do you say?
cheers bro
Stephen
Logically parking of domains should return you the least revenue for your traffic, yet time and time again I try lead generation companies only to find parking does better.
I just yesterday took back a bunch of legal domains that I took off parking to a legal lead generation company after they got almost 900 visitors off of bang on legal domains and only got one lead.
So once again, the lowly parking services made me a lot more money than the lofty lead generation service.
@Em-Bee
Yep, but you tried one service to do shortcut what you know you have to do for those domains to get traffic and SERPs
At least that’s what I’m reading here. Granted, a PS can pay you consistent money, and we all know the more domains you have with that PS that are making good money, the better the split (so you don’t leave).
Ultimately, think about it. If landing pages are making you money from typeins, with no SE results, imagine what that domain would do on a buildout. Ask Rob Monster to give you a freebie using his buildout system and send him a power PPC domain to see what results come of it. Then give us the story!
For me, it seems that the best PPC domains I own alway get people contacting me to buy them at multiples… which makes me laugh. A good generic domain name even at a 20 year PPC multiples (especially in today’s PPC market) is too low a price for me to sell many of my domains.
I might write an article about “Would You Sell Your High Yield PPC Domain For A 10 Year Multiple?”
But you would probably be a better person to cover that. I sell brand generics, which now are becoming mostly future trend domains. Wait, you know this already! That dang Al’s Hammer is always trying to pound me on the head!
hi, also suggest websaledomain.com , a good alternative to Flippa without success fees
Well of course these aren’t exact numbers. Some of those deals fall through after the sale is reported.
But this just shows that there is potential in a down economy. I noticed that high end homes sales are not down at all. Maybe this is true formdomains too.