Proper Procedure Of Buying And Transfer Of A Website

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I was thinking of buying a website an already hosted and live classified advertising site I would just like to know what to look out for what are the best practices and how to avoid any fore seen issues or misleading
claims
Cheers in advance
Gerryd
#buying #procedure #proper #transfer #website
  • Originally Posted by dgerryd View Post

    I was thinking of buying a website an already hosted and live classified advertising site I would just like to know what to look out for what are the best practices and how to avoid any fore seen issues or misleading
    claims
    Cheers in advance
    Gerryd
    Get an attorney!

    And make sure you have sales records and perhaps even a tax return of the owner.

    When I sold my first eBay store - I wanted to make sure the buyer knew EXACTLY what they were buying so I disclosed everything.

    Sales history with names, products ordered, invoices, dates, times, etc.

    We got it all notarized and everything.

    There is a difference between someone 'claiming' success and 'proving' success.

    I prefer to use the latter.

    Question everything.
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  • Profile picture of the author sbucciarel
    Banned
    Well, it's a good idea to use a website contract for any sales that involve a significant amount of money. Also a good idea to use escrow.com only for the transfer of money and site assets.

    I wrote a guest post on Flippa on due diligence
    Guest Post: the Domaining Diva on Due Diligence | Flippa Blog | Buy & Sell Websites

    It's also not a bad idea to hire a lawyer for contract terms.
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    • Profile picture of the author dgerryd
      What are the chances I was reading that blog post last night
      it gave me a feel for what would be out of the norm thanks again
      to all who took time to reply
      Gerry D
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  • Profile picture of the author lukevdp
    1. Don't believe what the seller says - always verify.

    2. Get the latest statistics from the webiste. Get added onto the analytics account so you can verify it.

    3. Get a video tour or a live tour of a bank account/paypal account to prove earnings.

    4. Check the traffic sources to make sure traffic is coming from sustainable places

    5. Check backlinks to make sure they are legitimate and not from shitty link networks

    6. Make sure the existing owner doesn't have a website in the same space. Get a non compete agreement from the owner

    7. Use Escrow with at least a 7 day inspection period so you can verify everything while in control
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