The blogosphere went wild in early October this year when Rahul Jain listed Mark Zuckerberg’s Facebook predecessor FaceMash.com on the Flippa marketplace.
Last week was a case of history repeating when …Read More
More than 55% of the auctions on Flippa result in a sale, which is not a bad success rate. However, of those which finish unsuccessfully, almost half have bids – they just fall a little short of the seller’s reserve.
Until now, these sellers were left with two options:
- Re-list their website and go through the effort of managing another auction
- Give up on selling their website
But now there’s a third option. Flippa now gives the seller some time to negotiate with the highest bidder, when the site has failed to sell at auction.