In August 2009, an Australian company was established with the concept of offering consumers brand new products, complete with full manufacturer's warranties, at prices significantly lower than the full retail price. Unlike some competitors, this platform ensures that all products are neither factory seconds nor refurbished. The sales process on this website is unique due to its reverse auction model, where the winner is determined by placing the Lowest Unique Bid, rather than the highest.
Currently, the business has identified potential for generating substantial revenue through effective marketing strategies. To date, the only marketing effort implemented has been through Google Searching. Despite this limited marketing approach, the platform has managed to attract some registered bidders; however, further marketing investments are required to ensure a steady revenue stream. The website is fully operational and ready to capitalize on these marketing opportunities.
In terms of web traffic, the platform has seen a consistent flow of 18,000 visits per month over the past two months. This indicates a stable level of interest and activity on the site, suggesting a promising foundation for future growth, provided that additional marketing efforts are employed to enhance visibility and attract more bidders.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself, or use our new official verification and assessment service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More