Q&A: Flippa type of company?

Question by Ryan Johnson: Flippa type of company?
Hi. I would like to start an online company and eventually make six or more figures a year.

I want to make a website where people can sign up for free, and they can list, sell, buy, trade, and auction off their websites and or domain names. Sellers would have to pay a small fee to be allowed to post their site up for sale. They would put info and snapshots of the website in their listing, and possible buyers would be able to view the listing. Buyers could either pay the buy now price set by the seller, or bid for the site. Once the auction closes, or the someone enters to pay the buy now price, I will notify the seller and the buyer. It is then the responsibility of the seller to create an agreement and or solution which fully gives the buyer hhe site, and which gives the seller his/her money.

There is a site called www.flippa.com that does everything I just stated. The reason though why people hate it, is because flippa charges a high $ 19 listing fee. I plan on really lowering the listing fee and selling ad space. If I can implement my marketing strategies and plans into this, I could easily be making better money than flippa. Flippa right now makes 4-5 thousand a day.

I would really like to make this site, but I have no coding or programming experience. Also, the pre made scripts are fine, but work poorly. Is there any way that I could have a nice site up and running, without paying so much. I am not old enough to apply for a loan. I am a teen. Should I freelance the job? Please help me.

Thanks!

Best answer:

Answer by j k
They charge so much because they have overhead. This is not understood on the web, where you have the “everything is free!” mentality. Web surfers don’t have a clue what goes on behind the scenes.

They have a *team* of people they have to pay (which includes security – someone has to prevent hackers and dos attacks – and that ain’t cheap.) They have support people to pay. Some are on 24/7.They have *servers* they have to pay for. They have to pay for maintenence of those servers. They have bandwidth to pay for. They have advertising to pay for. If a server breaks they have to pay to replace it or a part. How far do you think 5-6 thousand a day is going to go? If you’re a one man show, it’s great but an operation like this simply cannot be handled – successfully – by one person.

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