Flippid hooks up the haves and the have-nots

Flipped is a very unique idea. The site brings users new ways to shop online for all sorts of items. Users post what they want, and sellers bid your price down creating a buyoff, getting you a great deal for the item you want. Buyoffs do have a time limit, at which time the buyer can reject or accept any offer from any seller.

Not only is Flippid a buying site, but sellers can also stop by, register, and post items for free. So how does the site generate income? From sellers, of course. They take a percentage of the sale, when the item is sold. It's a great way to get people to try out the site, and actually see it work for them without dropping listing fees. Fees range from 10 cents for items under $5 to $2 for items selling for over $100.

The service was launched in mid-November, and looks to be slowly drawing a decent crowd and racking up items. Flippid does have a special promotion on now, where they pay all fees until 2007, so it could be worth giving it a shot.

[Via Emily Chang]

Tags: buy, buyoff, flippid, listing, sell