Billion Dollar Business Idea: A stock market to trade website

Congrats

12 years ago

Yes would be cool something like this.

But would it be legal to setup something like this?

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Backtrack Linkback 12 years ago

Originally Posted by Congrats

Yes would be cool something like this.

But would it be legal to setup something like this?

I have also considered something of this nature..

Not sure if its legal though
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wuleinj

12 years ago

It just provides website owners a platform to sell part of their websites. As long as they are honest and well regulated. Do not see any reason to be illegal.

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flamewave

12 years ago

Originally Posted by wuleinj

As long as they are honest and well regulated.

Just like the real stock market is honest and well regulated

However the idea is neat

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beks001

Banned 12 years ago

[DELETED]

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Newbieee

12 years ago

Originally Posted by beks001

There is a reason public companies spend hundreds and hundreds of thousands of dollars in audits. This doesn't seem feasible to me like this. If that were the case then why not go public? It's too costly of an idea IMO. But that's just me. Deception is too easy here.

agreed.. somehow i feel this is not doable.

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wuleinj

12 years ago

Originally Posted by beks001

There is a reason public companies spend hundreds and hundreds of thousands of dollars in audits. This doesn't seem feasible to me like this. If that were the case then why not go public? It's too costly of an idea IMO. But that's just me. Deception is too easy here.

Cost of audit can be certain percent of profit the site is making. Shareholders of the site will pay for it(which mean the dividend is a little bit lower.)

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E. Brian Rose

12 years ago

Originally Posted by beks001

Deception is too easy here.

You mean there would be deception going on in a place where people trade ownership stakes in websites? Why does that sound so familiar?

Oh ya, it was called 1999.

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wuleinj

12 years ago

Originally Posted by E. Brian Rose

You mean there would be deception going on in a place where people trade ownership stakes in websites? Why does that sound so familiar?

Oh ya, it was called 1999.

Market will correct it.

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wuleinj

12 years ago

Originally Posted by beks001

There is a reason public companies spend hundreds and hundreds of thousands of dollars in audits. This doesn't seem feasible to me like this. If that were the case then why not go public? It's too costly of an idea IMO. But that's just me. Deception is too easy here.

This is also the problem of the stock market. Trust and honest is needed. Company with good reputation will enjoy higher share price.

Website is different from other business. We can have a trustee company to hold the domain name for those public websites.

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CyberAlien

12 years ago

I already thought of this about 4 years ago. The legalities involved in this are HUGE - it is a HUGE risk - and you are talking about HUGE startup costs.

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jivens

Banned 12 years ago

occupy flippa. Just kidding, it sounds like a great idea but i would get a good lawyer

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Muncher 12 years ago

Expensive audits and accounting procedures would make this idea fail. What is the barrier to entry? Easier to just get a personal loan and if you do well you will make more out of it.
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onegoodman

12 years ago

away from finance and legal part, i bet it is great idea, but you can't start with small budget otherwise this idea will die soon.

You need a hell of a budget and team (yes form a cooperation to work it out)

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wuleinj

12 years ago

Originally Posted by onegoodman

away from finance and legal part, i bet it is great idea, but you can't start with small budget otherwise this idea will die soon.

You need a hell of a budget and team (yes form a cooperation to work it out)

One company can not handle this. We need at least following company or group.

Auditing companies.

Self regulation body like "internet share ..."

Share registration body to handle shares owners of different site

Trading platform just like bitcoin did.

...

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Matt B

12 years ago

Originally Posted by wuleinj

IDEA:

Setup a trading system to trade shares of websites.

Let's call it NASDAQ :confused:

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Chris Chicas

12 years ago

I would just keep things simple - build a business with a strong front website portal - make it an LLC and sell it. Sell it to a competitor and not through scamy websites that charge a lot of money just to provide a simple platform where you have to do all the work. Not mentioning any names. =D

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BloggingPro

12 years ago

What's next? Is someone going to propose that we invest in websites that don't turn a profit, with the hope that they will someday?

The year 2000 wants its idea back. lol

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wuleinj

12 years ago

Originally Posted by BloggingPro

What's next? Is someone going to propose that we invest in websites that don't turn a profit, with the hope that they will someday?

The year 2000 wants its idea back. lol

Let's say you pay 5 bucks to buy 100 shares of abcdefg.com. There are 1000 people doing the same thing. So 1000 people own that site.

Now the profit:
If it is Amazon or ebay affiliate site, 1000 site owners are likely use this site to buy stuff instead of going ebay and amazon directly. So here, the site make money.

As there are traffic there, site can sell ads space for extra profit.

At the end of the year, revenue minus the expense will be the dividend for 1000 site owners.

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BloggingPro

12 years ago

Originally Posted by wuleinj

Let's say you pay 5 bucks to buy 100 shares of abcdefg.com. There are 1000 people doing the same thing. So 1000 people own that site.

Now the profit:
If it is Amazon or ebay affiliate site, 1000 site owners are likely use this site to buy stuff instead of going ebay and amazon directly. So here, the site make money.

As there are traffic there, site can sell ads space for extra profit.

At the end of the year, revenue minus the expense will be the dividend for 1000 site owners.

Again. The year 2000 wants its idea back. It didn't work back then and it wouldn't work now. The dot-com bubble set the internet "industry" nearly farther back than it had been before it gained steam.

It's one thing to talk "theory," but its another thing entirely to talk about "theory" that has already been attempted and failed before.

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Canuckystan

12 years ago

Look, I don't want to be harsh here but please get real. It is clear you have literally no experience with public companies.

Shares in websites? To issue shares you need a company. And a governance system. And shareholder agreements. And constant filings with regulatory authorities. And regular disclosures. And on and on and on. The costs are enormous. And the costs are enormous ongoing.

People who want to play with 2 bit operations go to the OTC pink sheets. And that is known as a shark pit. And still not even close to cheap to list.

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Fraser SellHealth 12 years ago

i agree, great idea on paper but alot of money would have to be spent to get it off the ground
legal problems would arise
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wuleinj

12 years ago

Originally Posted by Canuckystan

Look, I don't want to be harsh here but please get real. It is clear you have literally no experience with public companies.

Shares in websites? To issue shares you need a company. And a governance system. And shareholder agreements. And constant filings with regulatory authorities. And regular disclosures. And on and on and on. The costs are enormous. And the costs are enormous ongoing.

People who want to play with 2 bit operations go to the OTC pink sheets. And that is known as a shark pit. And still not even close to cheap to list.

It is not necessary to put this idea on the rail of current stock market. Just believe that there are a lot smart people on internet and here in Warrior Forum to do something related to this idea.

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Verisimilitude

12 years ago

I see that at least two people in this thread still remember the infamous dotcom crash

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mrozlat

12 years ago

sounds like a good idea on paper

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Istvan Horvath

12 years ago

Despite what others said: it's a dumb idea!

If anybody has a minimal experience with how the financial world and its regulations work, you'd know it's not worth even the time spent on reading the thread...

Sorry, but I cannot put it in milder terms

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Newbieee

12 years ago

Originally Posted by Istvan Horvath

Despite what others said: it's a dumb idea!

If anybody has a minimal experience with how the financial world and its regulations work, you'd know it's not worth even the time spent on reading the thread...

Sorry, but I cannot put it in milder terms

wow, now now.. be nice there.. hahaha

nobody likes their ideas being told off as dumb.

but it is impractical.

and what u say is true. the legal aspect of it is a nightmare.

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Samrath Gupta

12 years ago

1- First of all the Idea is totally brilliant and this is so called something unique

2- Second it will require a lot of money(SERIOUSLY) You will have to invest atleast $50K or more to setup everything and for its promotion

3- Third why the websites will trust and join you in this, I mean why they will sell their shares and all...

4- You will need more then 10 Lawyers to manage legal parts

5- You will need 20-30 CA's to manage tahe records and $$$$$$ stuffs....

So is is doable if you are ready to phase these things

Regards
~Sam~

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