Has anyone been looking at Flippa auctions for websites to buy?
I have.
It seems like all the non-crap/spam/slimy sites are going for pretty sizable multiples. For example, most recently I was looking at and bidding on
this one. At first hand, it seems like it is going for about 10 month multiple, but reality is that fall and winter will be dead and it's probably more like 20x monthly profits.
That is basically what real life businesses usually sell for... 12-24 months profits. The difference is that web properties are a lot less stable.
I also noticed that a lot of listings get relisted because of non-paying bidders. This basically inflates prices for everyone. And scum sellers can simply bid on their own properties and if they get a real buyer they sell, and if not then they relist. (I think...)
Anyone pull the trigger on anything?
Also, are there any other places aside from Flippa that has some
good quality listings?