Is selling a turn key business THAT profitable?

14 replies
Hello,

I've got a quick question and I'm looking for a bit of a consensus:

Would you purchase a turn key business?
i.e. Something you could purchase, upload to your server and immediately start profiting from?

The reason I ask is because I'm wondering if the majority of internet marketers are more interested in making their own businesses/sites or, since we love outsourcing everything, we'd just buy a turn key business.

Obviously I'm asking because I'm thinking about OFFERING one--so I'm just interested in opinions, etc. Have you ever bought a turn key business before? How much did you pay for it? Was it worth it?
#business #key #profitable #selling #turn
  • Profile picture of the author radhika
    If the buyer starts getting profit from day 1, yes people love to buy the business.

    I didn't buy any, but I sold one. My hosting business. Because all customers pay money on recurrent basis, it was sold like gold.

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    • Profile picture of the author Andy Money
      Originally Posted by radhika View Post

      If the buyer starts getting profit from day 1, yes people love to buy the business.

      I didn't buy any, but I sold one. My hosting business. Because all customers pay money on recurrent basis, it was sold like gold.

      .
      Could you elaborate on this? How did that business model work exactly, how do you sell turn key hosting ? Thanks!
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      • Profile picture of the author radhika
        Originally Posted by Andrew Maule View Post

        Could you elaborate on this? How did that business model work exactly, how do you sell turn key hosting ? Thanks!
        I don't know what exactly you want from me. But I will explain ...

        I had a hosting business that was developed for 4 years. As clients are growing it was very difficult with support issues. Though I hired a support person, I couldn't manage it. Hosting is a serious business and need to provide 24/7 support.

        So I sold it to one person who is in hosting niche. This formula I used to determine the price:

        monthly profit x 12 months.

        If I searched for another buyer I would have more profits but I know this buyer. He will take care of my clients. So I just sold it to him.

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        • Profile picture of the author Andy Money
          Ohh, OK I see. I was thinking you meant selling it to multiple people (like multiple copies almost)--not just flipping the business AS a turn key business, sorry about that. Thanks for explaining it
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          • Profile picture of the author Robyn8243
            Andrew:

            Are you considering selling the same turnkey business to multiple people?

            Or are you thinking about a business model that focuses on creating individual
            turnkey businesses for each purchaser?

            IMHO, while some Warriors might not consider buying a turnkey business, because
            they believe or know they could do a better job themselves...there is a huge demand for:
            "ready to go"
            "we've done all the work for you"
            "all you need to do is pay"
            "No need to learn new skills"
            "No need to work...its turnkey and hands free"

            When I was in the direct sales/network marketing industry, the introduction of "turnkey marketing systems" increased revenues dramatically. The concept of a "turnkey system" that takes you out of the equation so you can't possible fail Was and Is a key Selling point in the network marketing industry.

            You can absolutely make money by selling any kind of turnkey business.


            Robyn
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  • Profile picture of the author Jeremy Kelsall
    No, I wouldn't

    In the past, when I have bought into them...the same "turn key" solution is sold to hundreds or thousands of people. So, in order to make myself stand out, I"ve had to tweak the templates, rewrite the content, and add extra so that my site/business was different from everyone elses.

    Almost just like having to do all the work myself anyway...
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  • Profile picture of the author Oliver Hart
    Yes, if the product was unique and in a profitable niche that I want to work in, I see no problem with it.

    - Oddvar.

    Originally Posted by Andrew Maule View Post

    Hello,

    I've got a quick question and I'm looking for a bit of a consensus:

    Would you purchase a turn key business?
    i.e. Something you could purchase, upload to your server and immediately start profiting from?

    The reason I ask is because I'm wondering if the majority of internet marketers are more interested in making their own businesses/sites or, since we love outsourcing everything, we'd just buy a turn key business.

    Obviously I'm asking because I'm thinking about OFFERING one--so I'm just interested in opinions, etc. Have you ever bought a turn key business before? How much did you pay for it? Was it worth it?
    {{ DiscussionBoard.errors[1463797].message }}
  • Profile picture of the author ryansjones
    I used to have a turn key website at my former domain name, www.ryansjones.com (note I got rid of that website last summer), but did not have much luck in generating commissions with it. I also got a custom search engine via Acme People Search, and though I have gotten some sign ups and did generate a few leads at mylife, I haven't made a whole lot with it yet. The only issue I have with turn key websites is that they can be tricky to promote (of course, I am open to suggestions on how ot effectively promote them, such as the new Acme People search engine I have). Also, I've noticed that google frowns on those kinds of websites.
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  • Profile picture of the author Mark Riddle
    It is actually impossible to sell a turn key business...

    Unless its actually a Turn Key Business,

    That means it has current customers, it has current product(s) / service(s)

    Any thing less is only selling templates and concepts.

    I can hand you a box of donuts and tell you its a business in a box.

    Donut Business In a Box


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    Mark Riddle
    Signature
    Today isn't Yesterday, - Products are everywhere if your eyes are Tuned!
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  • Profile picture of the author yamahafzr
    The problem is that a person is not going to sell it for any less then what the business is making every 1-2 years
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