A pioneering social media auction platform offers a unique blend of collective buying and word-of-mouth advertising by leveraging social media channels in a game-like format. Through this platform, users can win coupons and prizes by participating in "liking" and sharing deals on Facebook. When enough Likes are gathered, participants receive emailed coupons, while the user who accumulates the most referrals secures a special prize. The platform simplifies sharing by integrating seamlessly with Facebook's API, promoting easy distribution and significant discounts for all participants.
The platform has garnered attention from major online media outlets and established relationships with over 50 influential bloggers and numerous affiliates, contributing to its rapid growth, exemplified by over 12,000 Facebook fans. It offers multiple revenue streams, including vendor memberships and user sales commissions. However, the primary focus has been on expanding the user and vendor base rather than immediate revenue generation, despite the growing demand for coupons which the platform facilitates effectively.
The platform boasts an impressive client list, hosting numerous social auctions with commendable analytical results. Successful case studies point to exponential growth in targeted fans and sales via Facebook. This platform is the first of its kind, offering a unique combination of social media engagement and e-commerce solutions, leading to scalable outcomes. It also employs a custom-built content management system, allowing easy management and control over social auctions, users, and vendors. Google Analytics verifies the platform’s traffic details, underscoring its credibility and effectiveness.
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 trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More