Sortfolio auction only has 24 hours left with 0 Bids
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Re: Sortfolio auction only has 24 hours left with 0 Bids
#2more like floppa.com
Re: Sortfolio auction only has 24 hours left with 0 Bids
#3The comments on the listing might explain why they haven't gotten any bids. 37Signals seems to be relying on their name to sell Sortfolio as opposed to using best practices for selling sites on flippa. They haven't provided any traffic/revenue proof, responded to questions, or put any visible effort into the sale beyond listing it. Sounds like they aren't too serious about selling it on flippa.com.
Re: Sortfolio auction only has 24 hours left with 0 Bids
#4Let's see if Jason actually follows through with shutting it down if it doesn't sell. Remember this? http://news.ycombinator.com/item?id=3941626
Re: Sortfolio auction only has 24 hours left with 0 Bids
#5The comments on the listing might explain why they haven't gotten any bids. 37Signals seems to be relying on their name to sell Sortfolio as opposed to using best practices for selling sites on flippa. They haven't provided any traffic/revenue proof, responded to questions, or put any visible effort into the sale beyond listing it. Sounds like they aren't too serious about selling it on flippa.com.
They blogged about the sale.
I think one of the bigger turn offs might be the fact that the new owner will have to get everyone to setup their payment method once they switch. Because the current payment system relies on 37Signal's own.
Re: Sortfolio auction only has 24 hours left with 0 Bids
#6I've tried to use Flippa before and I still don't understand the bidding process. If as a seller you don't act on a bid, it auto-expires after something like 5 days. To me it sounded like accepting a bid meant that was the end of the auction, but maybe it was just confirming the bid as an actual bid, which seems unnecessary. Either way, anything I tried to sell always had 0 bids, even though people were bidding on the sites.
Re: Sortfolio auction only has 24 hours left with 0 Bids
#7I've tried to use Flippa before and I still don't understand the bidding process. If as a seller you don't act on a bid, it auto-expires after something like 5 days. To me it sounded like accepting a bid meant that was the end of the auction, but maybe it was just confirming the bid as an actual bid, which seems unnecessary. Either way, anything I tried to sell always had 0 bids, even though people were bidding on th…
It allows you to avoid having people push up the price of your auction with false bids. For higher value sites it gives you a chance to confirm the buyer is able to pay.
Re: Sortfolio auction only has 24 hours left with 0 Bids
#8I've tried to use Flippa before and I still don't understand the bidding process. If as a seller you don't act on a bid, it auto-expires after something like 5 days. To me it sounded like accepting a bid meant that was the end of the auction, but maybe it was just confirming the bid as an actual bid, which seems unnecessary. Either way, anything I tried to sell always had 0 bids, even though people were bidding on th…
It allows you to avoid having people push up the price of your auction with false bids. For higher value sites it gives you a chance to confirm the buyer is able to pay.
I just went into my account and checked... If you don't accept a bid, it automatically rejects it after 72 hours. What is the point of accepting a bid below your reserve price or expiring bids after 72 hours on a 30 day auction? Lots of messages from users wanting to know why I "rejected" their bids and I didn't know what to tell them. I understand measures to prevent artificial price inflation, but anytime bids started becoming competitive, they would start to expire.
Re: Sortfolio auction only has 24 hours left with 0 Bids
#9Let's see if Jason actually follows through with shutting it down if it doesn't sell. Remember this? http://news.ycombinator.com/item?id=3941626
I'd guess that 37signals does at least 60 million a year in revenue from their main products (100,000 paying customers [1] times at least $50/mo avg). Sortfolio is such a tiny fraction of that, but still requires occasional attention (time + money). I'd shut it down, too.
[1] http://entrepreneursunpluggd.com/blog/jason-fried-scaling-st...
Re: Sortfolio auction only has 24 hours left with 0 Bids
#10Why would anyone seriously considering buying the site bid earlier than necessary? If somebody wants it, buying it at close is when you'd place your bid.