Earn Money Creating a Website like Flippa

Earn Money Creating a Website like Flippa

Earn Money Creating a Website like Flippa Creating a website or application from scratch is a complicated and time-consuming duty. It’s easier to buy a ready-made resource, optimize it, and begin making cash on it without any excess struggle. Or you can sell it for a higher price: why not?

Both of these choices are entirely reasonable thanks to the Flippa marketplace. That’s why this platform is in high demand among users who are willing to earn on website flipping business. Of course, the holders of Flippa aren’t at a loss too. Trust us, they give their slice of the cake, so to say.

So now we refer to reading our recent article. We’re going to share with you very valuable and fascinating information focused on developing a site like Flippa.

What is Flippa?

Flippa is an auction-based web platform allowing you to purchase and sell online businesses: websites, mobile apps, domains. So if you have a digital product to sell, you’re welcome to recourse to Flippa, since that’s really what you want.

The history of the platform began over 10 years ago, in 2009. The organization has encountered its ups and downs, but today it’s doing just fine: traffic continually grows, and every day the resource is toured by at least a million users. These people admired all the advantages of the Flippa website and don’t mind taking the benefit of such a great vacancy to earn money online.

Commonly, to begin a website flipping business, you have to expend, but the game is worth the candle: Flippa gives access to the seller to a huge mark audience and gives him the chance to make a good profit. You don’t have to look very far to find evidence of that: say, planetrx.com was sold for $ 1,200,000, and www.retweet.com rated at $ 250,000. These are remarkable amounts, aren’t they?

Flippa’s particular qualities

Commonly, we see traditional interests or services on the marketplace website, but Flippa is entirely another matter. There are online resources for sale here, and it makes Flippa a very interesting.

What’s more, each sold object, be it a Flippa domain, website, or application, is attended by a comprehensive definition, including such parameters as sources of income, profitability, traffic, statistical diagrams, etc. Besides, Flippa gives a developed search engine with sorting and filtering networks.

And Flippa isn’t limited to just selling digital goods; it also gives several services, namely:

Helping learners to sell the so-called Finder service. A business like Flippa is interested in fascinating more consumers, which means it should help learners. That’s why the organization is willing to give online consultations to unskilled starters to give them several useful suggestions on how to oversee their first sale.

Cooperation with eligible dealers. If the seller wants to reduce the stress level, he can turn to one of the business sellers with whom Flippa works among them are the American company Latona’s, the world-famous LINK Business, SaleAway from the USA, and others. And these brokerage organizations will take on the majority of the conflict impending in the sales process.

Financial support. And finally, the owners of the Flippa marketplace help their clients financially. So if you want to buy an online business and start earning, but cannot afford it, all kinds of financial and credit solutions are at your service.

How does Flippa work?

The basic principle is rather simple: buying a platform cheaply, enhancing it, selling it at a higher price. And all this is valid without leaving your home! So you get an extra source of income which can sometimes become the main one and no dispute.

Now let’s discuss the problem in more detail. There are three options for reaching the website flipping business:

Creation from scratch. Here we’re discussing building a resource from the rightful one. After the improvement phase, you make an action to popularize your website or mobile app and make it interesting for customers. And when you reach a specific traffic mark, you’re welcome to sell your platform, hopefully, you’ll get the highest price possible.

The classic method. In the classic case, everything entirely conforms to the described scheme buying an inexpensive program, enhancing it, and selling it to maximize your income.

Advanced level. The last way to make money utilizing the Flippa online platform is to buy a possible resource and turn it into a valid source of steady earnings.

Hopefully, everything is clear now, right? Then it’s time to go into another problem. After all, if you’re serious about establishing a site like Flippa, you need to know and understand each stage of its strategy.

Stages of selling digital products on the Flippa marketplace

Preparation. First of all, the rightful user must put up his “lot” for sale and fill out a profile about his digital product:

An icon, an extraordinary title, and a concise and binding description of the site, domain, or application.

Additional information about the digital product, containing creation date, profitability, rating, financial data, etc.

Supporting information. The next block enables the seller to tell a possible buyer about his product in even more detail, to clarify its ability, in other words, to convince him that the investment would be worthwhile.

Attachments screenshots of the application or site interface, videos, etc.

Sale. Flippa website operates on the principle of an auction where buyers make their bids; the maximum bet wins.

A very important part of the auction is constant communication. The seller must quickly respond to any comments from likely buyers and answer their queries respecting his product.

Transfer of the product to the buyer. Websites like Flippa are expected to be careful when transferring products to a customer. It’s important to avoid fraud at this important stage. Flippa acts as follows:

Interaction between the buyer and the broker says, through the built-in chat. The key goal is to confirm the deal.

Transfer of money by the buyer. The money first goes to the Flippa’s network, which, in turn, informs the seller of the receipt of the necessary funds.

The direct transfer of the site, application, or domain to the buyer along with all the files, accesses, etc.

Seller’s receipt of funds after the Flippa’s system gets a signal that the customer has attained his product.

After-sales contact with the customer to answer apparent questions about the operation of the site or application.

Why are people selling profitable websites?

You’re planning to create a website like Flippa, but you doubt its importance and necessity. let’s say, why would people want to sell profitable web and mobile resources?

There can be a lot of explanations to clarify such a desire:

Foresight. Trends are often changing, and a site, which is at its height today, may lose its relevance tomorrow. As far-sighted businessmen understand, sometimes the decision to sell a lucrative website is the most reasonable one. The funds received can be invested in other undertakings.

The want of money. Alas, sometimes life makes awful turns, and we find ourselves in a circumstance of lack of money. And then we have to seek a way out of this situation, and one of them is to resort to the Flippa online platform to sell your digital product.

Fundraising for a new project. Yes, starting a new project often expects a solid investment, and a website flipping business is a good solution to the problem.

Dissatisfaction with the project. Also, an online project holder might lose interest in his product, and this has nothing to do with its profitability. Then the most adequate thing to do is to transfer the platform to someone who would take good care of it.

Lack of time. And the last reason to sell a gainful project is the lack of time to support it. Yes, it’s also quite possible!

How much can one make on selling sites through your Flippa clone?

The cost of selling sites and applications can be rated using the following formula:

Cost = E (Earnings) multiplier x 20x/30x

The specific multiplier relies on various components such as traffic statistics, profit growth over the past few months, niche popularity, etc.

you’ve already heard of the TaskRabbit marketplace. It’s a very useful platform, don’t you agree? Wanna create something of the sort? Then check out what 7 features you should build first.

Now we’d like to examine your project monetization, for you need to know how to recover the cost of the Flippa clone script and get a source of profit.

Flippa Website Business Model

The company gives sellers two key options:

Firstly, they can independently conduct sales because Flippa is a convenient, user-friendly p2p platform offering everything needed to start selling online. If needed, they’re welcome to seek guidance from a special manager who will help them figure out how to properly regulate the sales process.

Aso, sellers can use a skilled broker we wrote about such a vacancy first, in the section “What Is Flippa?”.

Half of Flippa’s income comes from selling online products, with domain names analysis for at least 30% of transactions. However, the company has other ways to profit earners too, and they should be examined properly.

Profit sources of the Flippa online platform

Let’s take a look at what procedures of monetization Flippa uses to make good money.

Sales Fees

Flippa calls them “Success Fees” as the committee is only charged after a successful transaction. Such a way to monetize is fine noticeable, and we’ve already referred to it.

Listing Fees

Suppose, you’re planning to schedule your ton utilizing the Flippa website. To post your ad, you’ll have to spend a specific fee the so-called “listing fee”.

Boost of Listings

The company also allows dealers to promote their lot in a better way. Depending on the package chosen, the seller gives access to several additional services, such as:

• Best positions in search results;
• Social media advertising;
• Top-level, real-time support;
• The chance to use a video feature to improve your lot;
• Ad banner, placed in the most apparent area of ​​the Flippa marketplace.

Premium Features

Besides, the Flippa website business model has some elements of the Freemium model, in which there are basic free functionality and special paid features.

Flippa’s paid features contain a listing with the extra safety of sensitive data NDA protection and the chance to discuss with the company’s specialists to get advice on how to improve your lot.

Other ideas to monetize sites like Flippa

If you intend to establish a website like Flippa, you should learn about more ways to monetize your resource. In the end, the procedures your future opponent uses may turn out to be inadequate or limited in your particular case.

Paid registration. If you want to start obtaining money instantly, without waiting for completed pacts, charge a registration fee. Keep in mind, however, that not all of your clients would be fond of such a sign-up condition.

Subscription. A very famous method of monetization, which means the user buys a monthly or annual subscription, to get admission to the full platform’s functionality.

Advertising. this is a great way to monetize businesses like Flippa. You just need to follow with potential advertisers with your resource.

Flippa Marketplace Features

Now is the time to discuss the functionality of your Flippa clone. We recommend dividing the platform’s features into three main groups:

Management: features helping you manage the platform’s operation.

Sale. These Flippa marketplace features include functionality targeted at digital product sellers.

Purchase. Also, you should improve features aimed at people who expect to buy one or another online company.

Pros and cons of the Flippa marketplace

The platform we’re examining has its pros and cons, and you should know all of them to establish the best choice for Flippa, without its drawbacks but with its powers.

Advantages of Flippa

Post-payment. The sales committee is being charged only after the transaction has been finished.

Checking the resource. All the lots are being checked according to statistics, profitability, and other parameters.  Sales won’t start without such checking.

Network effect. Websites like Flippa peer-to-peer market places have a valuable quality: they provoke a network impact when the first achievement directs to even greater outcomes without effort on the part of the resource owners. And if you manage to attract more buyers, there will be more brokers either. Your resource will promote itself! That is, its users will promote it through word of mouth.

No boundaries. There are no time or geographic limitations. The investment and sale procedure can be carried out at any time of the day and anywhere in the world.

No intermediaries. Since we’re dealing with a p2p system, there is no need for intermediaries. You can use their help, but only if you want.

The likelihood to hide some information. Sellers are enabled to selectively give information about their digital products by hiding some of the data.

Premium opportunities. Among the Flippa marketplace characteristics are those that help sellers to actively advertise their lots .we’ve described these tools above.

Disadvantages of Flippa

Incomplete data. What is an advantage from the seller’s perspective becomes a disadvantage when it comes to the buyer. Therefore, when the definition of a digital product is inadequate, and part of the data is hidden, the customer has the risk of purchasing a pig in a poke.

Difficulties at the start. Yes, Flippa gives assistance and support to new users looking to start a website flipping business, but if they have no real experience, it’s not enough to succeed.

Poor language support. Alas, only people who speak English can use Flippa.

The cost of creating a site like Flippa

Well, it’s impossible to name the precise quantity you’ll have to invest in the development of your Flippa clone. The budget depends on many factors, such as:

The complexity of the project, namely, the number of features to be implemented;

The rate of the development company, which is affected by its status, experience, and even location say, US creators are more expensive than experts working in Eastern Europe,

Private requirements assessed on the product,  number of supported platforms, geographic coverage, etc.

Development approach. You can create a website like Flippa using ready-made solutions and templates, which is cheaper; also, you may order improvement from scratch.

Summing up, let’s say: the expense of a project depends on the time expended by the company on its development and its hourly rate.

On average, creating a marketplace clone script like Flippa expects between 950 and 1700 hours of work.

Are you planning to create a top-notch mobile or web marketplace? Then you should engage our highly experienced team!

However, the cost of the Flippa clone script and launching the finished platform is just the beginning of your payments. Even when the site is up and running, you still have to spend a lot of money to keep it working at a proper level.

These post-launch costs include the following:

resource support: ongoing testing, reaction to user feedback, and other similar activities;

the formal release of updates. Updating and enhancing your platform is very important, the main goal is to follow the latest digital trends;

payment for hosting, cloud services, and stuff like that;

promotion activities. Without proper marketing, you have no chance to compete with sites like Flippa.

Hopefully, our clarifications didn’t upset you too much, and you haven’t changed your mind about creating a site like Flippa. Anyway, don’t jump to conclusions or make hasty decisions! The exact monetization of your platform will turn all the listed costs into efficient economic enterprises.

Best Alternatives to Flippa

Of course, Flippa is your main adversary, but there are other players in the market as well. And they are also worth your scrutiny.

Side Projectors

The platform is highly famous in the Western market. It sells all sorts of digital products, from cheap websites and apps to plugins and civil software.

Pros and cons of Side Projectors

The good thing is that Side Projectors doesn’t charge a commission for its assistance. But there is also a dark side of it: no one gives any warrants of an integrity deal!

However, reviews about the resource are generally good, which is quite encouraging.

eBay

Flippa Website Business Model

You may not have heard of the Flippa online platform before, but eBay is definitely on everyone’s lips. However, did you know that this resource has a distinct section devoted to digital content? Be that as it may, such a section accomplishes exist, and here you’ll find sites and other Internet programs, put up for auction.

Pros and cons of eBay

Among the advantages of the platform are a large selection of online platforms, a convenient sale layout, and the chance to entice a large number of customers. On the other hand, the site’s flaws include poor lot verification and questionable custom feedback, many of the reviews are false, so be careful when reading them.

Sedo

What Is Flippa

it’s worth remembering Sedo.com among the opponents of the Flippa website.

Sedo is an international project established at the beginning of the 21st century and focused on the auction sale of domains. Here you can buy or sell domains with short and original names.

But keep in mind, Sedo has nothing to do with domain registration, it acts as intermediary offering sellers and buyers a useful interchange platform.

Pros and cons of Sedo

The advantages of Sedo:

the company works with most of the containing domain zones;

exact security of the transaction is convinced;

Sedo invites everyone to make money by fascinating more customers;

there is a chance to get paid consultations from the company’s experts.

Disadvantages of Sedo:

you cannot buy a website or an application using Sedo. So, Sedo.com is a competitor only to the Flippa domain section.

Sedo requires a rather high auction committee at least 10-15%.

Creating a marketplace clone script like Flippa isn’t a simple task, but we’d be happy to help you in its commission. All you have to do is contact our team!