Are you looking for an Empire Flippers review? But you may wonder if it is a scam.
Are you looking to buy or sell an existing internet business? Are you curious whether this will be beneficial for you or not?
The purpose of this review is to evaluate Empire Flippers and determine if it is the best website marketplace currently available.
We will discuss the pros and cons of website flipping as a potential internet business.
Finally, I will answer some of the most frequently asked questions (FAQs) about Empire Flippers and online selling in general.
As a disclaimer, I’m not affiliated with Empire Flippers. It means I’m not paid to write this review. So you can rest assured that you will get an honest and unbiased review from me.
At the end of this review, I’ll also tell you the best alternative to Empire Flippers that has enabled me to make a full-time passive income online.
What Is Empire Flippers?
Empire Flippers can help buy and sell any Internet-based business. Empire Flippers is the “leading curated marketplace for buying and selling existing businesses”
Over the past few years, the company’s co-founders, Joe Magnotti (CEO) and Justin Cooke (CMO), have sold approximately $93,000,000. These include sales of Amazon Associates businesses, affiliate sites, e-commerce businesses, and other Internet businesses.
Other credible sources have also highlighted Empire Flippers, including BuzzFeed, Entrepreneur, Business Insider, Moz and Shopify.
This review of Empire Flippers focuses on the quality of their work, reliability, and attention to their customers.
Is Empire Flippers The Best Website Marketplace?
Many websites were sold after they were listed on Empire Flippers, usually within a few days to a few weeks. There is a chance that your website will be sold within the next 48 hours. A whopping 85% of their attempts are successful. But in the last 30 days, they have earned $16,699,283.
They now have a number of ads ranging in price from over $3,000,000 to under $20,000, so there should be something for everyone. Empire Flippers will help you whether you want to buy a website that has already proven to make money or you want to sell your own website to free up capital.
Unlike Flippa, each seller’s business history is thoroughly investigated to ensure that only high-quality listings are posted.
If you’re looking to buy or sell a quality website or online business, you should contact Empire Flippers. They really want to take care of any potential issues that come up with this type of business, and believe me, there are many of them.
What Services Does Empire Flippers Offer?
So let’s take a look at how services change depending on whether you’re a buyer or a seller:
If You Are A Seller
Business Evaluation (Seller) – A representative from Empire Flippers will contact you to begin the verification process if they believe you really want to sell your business or website.
Business Vetting (Seller) – The team makes sure that everything is in order with the company or website before an ad is posted. All assets, including ownership, traffic, and revenue, are verified and double-checked during this process.
Basically, Empire Flippers does not have to worry about its reputation being tarnished by spam or fraudulent ads.
The customer can rest easy knowing that they are receiving a high quality property because of this thorough vetting process. The $297 inspection fee ensures that only reputable sellers are accepted from the start.
Remember, however, that you will get your money back in full if your offer is rejected. The screening process can take up to a week. Every Monday at 7am AM EST we update our listings and send an email to over 45,000 people to inform them of new listings.
Listing Terms (Seller) – In order to make a profit, Empire Flippers operates as a real estate agent that charges its clients a commission when they sell their properties. The commission is not calculated on the listing fee, but on the selling price.
Below is the breakdown: sites that sell for up to $1 million bring 15%, those that sell for $1 million to $2 million bring 12%, those that sell for $2 million to $5 million bring 10%, and those that sell for $5 million and above bring 8%.
They put a lot of time and energy into the listing, so in return, Empire Flippers Marketplace has asked for two months of exclusivity.
As a condition of listing the property for sale, the seller must agree to a three-year non-compete agreement.
There are no fees for customers to purchase domains or businesses.
If You Are A Buyer
In order to gain access to the company’s financial data, Google Analytics and website address during the buyer’s inspection phase, prospective buyers must first pay a 5% deposit on the offer.
This 5% deposit is fully refundable (even if paid with a credit card), but it protects businesses and URLs from being oversold to casual browsers.
The potential buyer gets access to an Excel spreadsheet that lists the company’s typical net profits and expenses. You can check monthly user and page views with Google Analytics, and they’re included in the price.
At this stage, buyers have the opportunity to do their homework and make sure they are getting a good deal on an attractive property. If the business seems promising, Empire Flippers arranges a conference call between the potential buyer and the seller.
In this conference call, the client can ask anything that has been bothering them since they used Google Analytics or looked at the profit and loss statement.
Buy And Sell on Empire Flippers
Negotiations and Offer (Seller and Buyer)
Once a potential buyer has decided to purchase the company, two paths are open to him. The first option is to buy the company at its selling price. This means that once Empire Flipper has received payment, the site is declared sold and no other buyer can make an offer.
The next option is to make a counter offer, usually at a lower price. Any self-respecting businessman will make a counteroffer unless the offer is too valuable to lose.
After the seller and buyer agree on a counteroffer, it is brought to the attention of all parties. Another bidder has 24 hours to submit an offer that is 10% higher than the current offer.
Once the price is set, delaying the transaction can jeopardize your profit. Consult your bank or investment firm before making a major purchase. Haggling is nothing to be afraid of.
Migration (Seller and Buyer)
The transaction is completed and migration begins once the buyers’ money is deposited into the Empire Flippers bank account.
Due to the complexity of transferring revenue channels and accounts, migration can take up to three weeks. The first phase of a website migration involves transferring the website to the new owner’s hosting account.
The done-for-you mechanism, known as Empire Flippers, facilitates the transfer of funds from the seller’s bank to the buyer’s bank. They guarantee the success of the migration and the receipt of the money by the buyer. Empire Flippers will cover the buyer’s expenses if it turns out that the information about the company was not correct.
If the actual revenue is less than 50% of the projected revenue, the transaction may be reevaluated. As a buyer, you can be assured that this is the case.
Most of the communication between Empire Flippers, both the buyer and the seller, takes place as part of a “Zendesk Support” request during the migration.
Is It Worth It To Buy Or Sell Online Businesses?
Since I wanted to make sure that Empire Flippers was a reputable company, I briefly discussed their legitimacy again.
First and foremost, they have a lot of five-star reviews. Still, we all know that’s not enough.
However, the folks at Empire Flippers make things that are helpful to Internet users. Their content includes podcasts on a wide range of topics, such as search engine optimization and preparing a business for sale, as well as weekly email newsletters and other things that will inspire you.
It’s also worth noting that Empire Flippers is completely open and honest about its operations.
The company’s financials, Google Analytics data, customer satisfaction scores, podcast analytics, email list analytics, seminars attended, and future goals are published annually. This openness goes a long way in gaining the trust of potential buyers and sellers.
Can You Make Money With Empire Flippers?
Empire Flippers allows you to profit from selling websites.
Yes, selling websites can be a lucrative side income, but if you spend the time and effort required to learn web development (which isn’t easy), you can make some money in return.
Similar web development skills are taught in the program that catapulted my online business to $40,000+ per month, but it also shows how to market those skills in a much more lucrative way.
Is Empire Flippers Legit?
Yes, the Empire Flippers team is genuine and trustworthy.
However, there are many different approaches to building your business.
You can do much better than Empire Flippers, even if your ultimate career goal is to become a web developer.
Please note that I am not compensated in any way for recommending the programs I review. Website flipping has great potential as a business strategy, but there is a risk of leaving a lot of money on the table.
Is Empire Flippers A Scam?
I cannot say Empire Flippers is a scam.
This service is not a scam because it provides a legitimate way to make money.
What I mean is that after the purchase, the seller provides you with a username and password to access their content online. In short, no one is making off with your money and leaving you high and dry.
The bigger question, however, is whether or not Empire Flippers is worth it.
Honestly, I have to say that most people probably will not.
Why take the risk when there are countless other business ideas that are proven and easily scalable?
Let me tell you the best alternative to make money online in the next section.
Best Alternative of Empire Flippers to Make Passive Income
If you want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.