Buying a ready internet business?

38 replies
Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

Thanks.
#business #buying #internet #ready
  • Profile picture of the author chyan007
    Banned
    Originally Posted by askamnet View Post

    Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

    Thanks.
    First of all, would like to wish you all the best, and having said hope you have done a thorough research on what you will be buying, don't take this action quickly, as you mentioned you will be taking loan for it, think 10 times, may be it really pays off, I am a firm believer in taking massive action. But not in this case, btw when you say
    You have tried everything, did you take the things till the end, or just left as there was work involved, think on this line too, let's see what other fellow warriors have to say on this
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    • Profile picture of the author Cyracks
      Have you done a proper keyword research? i suggest you start with that first before you venture into IM with your loaned cash. Wish you the best anyway
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      • Profile picture of the author chyan007
        Banned
        Originally Posted by Cyracks View Post

        Have you done a proper keyword research? i suggest you start with that first before you venture into IM with your loaned cash. Wish you the best anyway
        Can you please explain what keyword research mean in this context, did you mean keywords for which his new website will be based on, don't just post for the sake of posting please be clear in what you wanted to say so that it can help the OP

        Chyanit
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        • Profile picture of the author TheGMa
          Originally Posted by chyan007 View Post

          Can you please explain what keyword research mean in this context, did you mean keywords for which his new website will be based on, don't just post for the sake of posting please be clear in what you wanted to say so that it can help the OP

          Chyanit
          Dear heart, if you've gotta ask, you haven't done anywhere near enough homework to buy any cyber real estate.

          Actually, lack of research and study may be why you have not succeeded in the last 5 years.

          Search this: 'how to buy a website from someone'

          My apologies if this is repeat advise - just passing by today so I didn't read the replies.
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      • Profile picture of the author Steve B
        Be very, very careful about what you buy. From listening to all the sad tales here on the forum from Warriors that did the same thing you're planning, I would be very skeptical about any profitable business being for sale on that site. There are probably a few . . .

        Many sites are being sold as profitable or with "great potential" but why would owners give up these money-makers if they really were making the claimed income?

        Going into debt to buy such a site throws up a red flag, to my way of thinking.

        If the site doesn't pan out for you, then what are you left with? A load of debt that you don't need given your current circumstances.

        Steve
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        • Profile picture of the author SFNY
          Steve is right. Be careful from who you buy from. Be sure to do thorough research on the backlink profile and the buyer.

          There is a lot to look at when buying a site and you truly have to know what you're buying. The absolute worst thing that can happen to you is buying a site and then the site gets penalized by Google. If you're taking a loan to buy it, it will destroy you.

          I am familiar with a company that will do a thorough check on the site you plan on buying if you find one for a low cost - ($150). If you're planning on buying a site that's 15K, it could be worth it for you. PM me and I'll link you up with them and some other brokerages as well.

          2 quick things - 1. I would try to get involved in a JV. You had to learn a few things over the past 5 years that you can bring to the table. 2. If you're buying something, don't pay more than 15x monthly earnings. Hopefully you'll earn your investment back in over a year.

          Also, I try to stay away from Flippa. If you're in the market for a domain, it may be worth using them, but be careful if you're buying a business on there.

          Best of luck my friend!

          Originally Posted by Steve B View Post

          Be very, very careful about what you buy. From listening to all the sad tales here on the forum from Warriors that did the same thing you're planning, I would be very skeptical about any profitable business being for sale on that site. There are probably a few . . .

          Many sites are being sold as profitable or with "great potential" but why would owners give up these money-makers if they really were making the claimed income?

          Going into debt to buy such a site throws up a red flag, to my way of thinking.

          If the site doesn't pan out for you, then what are you left with? A load of debt that you don't need given your current circumstances.

          Steve
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        • Profile picture of the author DomainManner
          Originally Posted by Steve B View Post

          Be very, very careful about what you buy. From listening to all the sad tales here on the forum from Warriors that did the same thing you're planning, I would be very skeptical about any profitable business being for sale on that site. There are probably a few . . .

          Many sites are being sold as profitable or with "great potential" but why would owners give up these money-makers if they really were making the claimed income?

          Going into debt to buy such a site throws up a red flag, to my way of thinking.

          If the site doesn't pan out for you, then what are you left with? A load of debt that you don't need given your current circumstances.

          Steve
          Be very, very careful about what you buy. From listening to all the sad tales here on the forum from Warriors that did the same thing you're planning, I would be very skeptical about any profitable business being for sale on that site.

          Well said.
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  • Profile picture of the author Sgt Kraut
    Website buying can be risky as not every seller is an honest person and there are other things to look out for. Can you spot the rotten apples? I strongly recommend you to not take on a loan. You wrote yourself that you have not made any money yet, I assume that also means you have no reserve if this project fails. Taking on a loan to buy a website makes only sense for people who know exactly what they are doing and want to have the leverage.
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  • Profile picture of the author agc
    Originally Posted by askamnet View Post

    Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

    Thanks.
    The absolute LAST thing you should do is take out a loan to buy a "risk asset" where the downside is a complete loss of value.

    If you want to "buy your way in", do so ONLY with pocket money. IE, amounts you can afford to lose.

    In my experience, the vast majority of flippa businesses are not really producing the traffic and/or the search rankings and/or the income being claimed in a way which will be sustainable after the sale.

    Buyer be VERY warned. You are about to go swimming in highly toxic waters.
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    • Profile picture of the author rakota
      To the OP, don't loan money to buy a site from Flippa.

      Originally Posted by agc View Post

      In my experience, the vast majority of flippa businesses are not really producing the traffic and/or the search rankings and/or the income being claimed in a way which will be sustainable after the sale.
      This is what I would think.

      In my dark times I have been to Flippa and thought about going the route of buying an established business. But every time I've looked a little into the claims of the sellers I have thought "really?"

      People trade businesses in the offline world all the time. They buy for a multiple of net profit or whatever and they take them over and run them. It works and that's great as it should be.

      Considering the massive number of online businesses there ought to be a much more robust and efficient market for trading them, but there seems to be a lot of dubious characters in the game.

      I know Flippa sells millions of dollars worth of sites but it must be a bane for anyone who is selling genuinely as I reckon a lot of serious potential buyers must be turned away.
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  • Profile picture of the author agc
    If you want to buy out a local business, there are auditors and other professionals who will rip apart the books AND the operations of the business to make sure you are getting exactly what you are paying for.

    Online, there is NO such thing, and if you try to require a financial and operational audit, see how many sellers are willing to even consider your bid.

    That should tell you everything you need to know about the viability of these 'businesses' they are selling.
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  • Profile picture of the author art72
    No... Do NOT try to BUY a Pre-Made SOLUTION!

    Learn to create or deliver solutions!

    If you have yet to figure out the big 3...

    1. Traffic

    2. Lead Generation

    3. Offers

    Then "HOW" do you propose to keep traffic, leads, and offers bringing in cash to an existing website?

    90% of the sites for sale are generating cash, (at least the ones not lying) and it's because they drive traffic, build leads, and market offers... Basically, making sales!

    While I'm not a noob to all this, I've whiped my slate clean 4-5 times over the last few years. And, I can tell you - what scares me more than anything is NOT being able to provide benefit or solutions to my chosen audience.

    Take $50 and go visit:

    http://tinylittlebusinesses.com

    (no affiliation)

    I personally haven't taken Andre's course, but it runs 7 months... From start - finish, and will cost you... $349.65 over 7 months @ $49.95 per month. He suggests having another $100 to invest for ads, domain, hosting, etc... So, a mere $150 per month!

    Having knowledge of Andre Chaperon's ethical business approach, I'd go that route before dishing out money, and still be incapable of marketing squat... Even if you do buy a complete site.

    Only makes sense to learn the BIG 3 first!

    Without that you're just *opening* Pandora's Box, and you most likely won't like what escapes buying a website - anymore than you do now!

    Lastly, if not Andre...find a proven course or method similar, or learn for free to get the first 3 components aligned first.

    Best Retards,

    Art
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    • Profile picture of the author asc
      Originally Posted by art72 View Post

      No... Do NOT try to BUY a Pre-Made SOLUTION!




      Take $50 and go visit:

      Tiny Little Businesses (TLB) — Learn By Doing – Build A Long-Term Online Business That Matters

      (no affiliation)

      I personally haven't taken Andre's course, but it runs 7 months... From start - finish, and will cost you... $349.65 over 7 months @ $49.95 per month. He suggests having another $100 to invest for ads, domain, hosting, etc... So, a mere $150 per month!



      Art
      Has anyone here any experience with this affiliate marketing training program?
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  • Profile picture of the author Sarevok
    My advice is to find your own way.

    That being said, it's possible to implement some type of "building block approach" into your business model.

    Just make sure, that your model, is your own.

    I wish you the best.

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  • Profile picture of the author CaRTmAnBrAh
    You are correct in that acquisition is a very speedy way to immediate cash-flow, growth and expansion. Some of the wealthiest men on the planet failed miserably when they initially endeavored to start from scratch. It was only once they acquired established businesses and brands that they went on to great things.

    But if you know nothing of the space you buy into, you won't know how to buy for the right price, won't know how to add value and at least maintain the level of revenue, won't know what you don't know. You'll learn on the job and more than likely suffer losses due to lack of knowledge. It's very high risk to buy into a business you aren't seriously clued up about. And in reality, if you're buying an established business you want to be buying from highly motivated sellers for a very reduced bargain price. Life's too short to pay top dollar for a business.
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  • Profile picture of the author JC Web
    I'll add to what the others have said who have advised you against this. Let's say against all odds (and the odds are definitely against you in this scenario) you manage to successfully buy a profitable online business. If you've tried for five years to make money through internet marketing and have made nothing, then you don't have any idea what to do with a profitable online business.

    You can't just buy a business and expect it to make money for you despite what you do or don't do with it. You have to work to keep it profitable. There are many examples of websites and businesses, online and offline, that have been bought at the height of their success and shortly thereafter spiraled down into debt and loss. Many cease to even exist in short order.

    You need to know how to run a business and how to make and keep it profitable. It's not going to happen by itself. If you've been trying for five years and haven't managed to make any money, you don't know how to do this. It highly likely that you would not be able to keep a business profitable and that you would soon be out what you paid for the business (and your loan) and any other money you invested into the business.

    If you had excess money to spend and didn't care if you were going to lose it all, then you could try whatever you want. But this is not the case here if you are going to have to take out a loan. Do yourself a favor and forget this idea.

    You can try to make money in other ways that don't require going into debt. If you feel you have exhausted the possibilities and you think you have really tried for the last five years and applied yourself, then I would forget about internet marketing altogether. If you haven't really put forth the effort in past attempts (be honest with yourself here) then you can choose to change that. If you feel that you have though, then just accept that everyone is not cut out for this (or any other business for that matter).
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  • Profile picture of the author shaunybb
    Originally Posted by askamnet View Post

    I am in IM 5 years. Made nothing. tried everything.

    You have obviously not tried everything.....if you have tried everything you have made money. Read steve b post over and over it makes sense!
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    • Profile picture of the author Jill Carpenter
      Originally Posted by askamnet View Post

      Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

      Thanks.
      Link in your sig didn't even work for me. That could be the issue.
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  • Profile picture of the author DIABL0
    What have you tried?

    I'm pretty much with everyone else...be careful buying an online business.

    If there is a business that is online and you have the budget, you should be able to knock it off. I know a guy and that is his entire business model. Of course he knows what he is doing. I'd rather start from scratch, than pay some large premium.
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  • Profile picture of the author FreedomBlogger
    Quick question; what exactly did you do for these 5 years online??

    I'm really wondering - because if you did not accomplish much, or anything at all - there is something very wrong that you are doing and maybe know about this industry.

    So, no matter even if you buy a website that is already getting traffic, if you do not know how to maintain it, how to capture leads, how to follow up, how to build rapport, and how to make sales - then there is no point!!

    What I would do, instead, and FIRST, is invest in the right Internet Marketing Education.

    I mean, 5 years is just too long to get nothing, at all.

    It took me about 2 years to start making some money online. And that is already a long time, I would say lol

    You need to really invest in the right education. Otherwise, you can still fail if you buy such "ready-to-go" business from Flippa.

    I have actually done this myself before - and bummed out!

    I bought 4 websites that were getting good traffic every day - but because of my lack of knowledge, I did not benefit from these sites at all. I ended up quitting the entire project and had to move on.

    I dont know the type of sellers Flippa has today - but if the website you are trying to buy is just a few hundred bucks, I would not even bother. A website that is already earning from its revenue, is worth at least a few thousands. Trust me, I tried this before, as I mentioned above.

    Invest in your education, instead - that is priceless right there. And then once you know exactly what to do, and how to do it, take massive consistent action with everything!

    With a good budget, you can build a nice income stream online in a few months. You will gain experience and authority online. Instead of trying to skip the experience by buying a site and just hoping you will be able to run it well and earn from it. You get what I mean?

    Anyways, I wish you the best!
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  • Profile picture of the author marax
    Stay away for flippa if you are buying "ready made" sites.
    Unless it's a well-known site you are buying,
    you are better off spending your money somewhere else.
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  • Lots of online businesses aren't really transferable, they depend on a business owner who is the face of what is being build.

    Investigate and yes, it may be a good idea
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  • Profile picture of the author kursat
    It may be a good idea, but there is always a good reason why a person would put up a working and money making business up for sale... Look at their costs for running the business as well as the profits they are showing you.

    I would rather spend money on a small scale business if I were you to test it first, rather than buying an expensive business. Just my thoughts.
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  • Profile picture of the author ChrisBa
    Originally Posted by askamnet View Post

    Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

    Thanks.
    I don't know if getting a loan for this is a good idea.
    Have you thought about trying free methods to make money? Such as Seo, video marketing, article marketing, Facebook fan pages, etc?
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  • Profile picture of the author derekwong28
    I have had success in buying websites but that was a long time ago. My best deal was $30,000 for set of link selling websites. I made the money back within 6 months. After learning techniques from it, I was eventually able to gross nearly 1M in revenue. However, that business has since completely tanked.

    I bought many other websites as well. About 30% were either scams or duds. The rest I was able to make my money back within a year or so. However, none of them provided lasting revenue. This was especially forums which I could not manage properly. I have stopped buying sites ever since I lost my Adsense account.

    I think taking out a large loan is a bad idea. What I suggest is that instead of buying one big expensive site, you buy a series of smaller cheap sites and see how you get on.
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  • Profile picture of the author Randall Magwood
    Why haven't you made anything within 5 years? After acquiring an already profitable website, what makes you think that you will sustain it's profitability? I think the main issue here is marketing. Even if you buy the site... you still have to market it to make it more profitable - or sustain it's level of income where it is right now.
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  • Profile picture of the author nicholasb
    I know a lot of really rich people, and buying other businesses are a part of their strategy...

    The thing is you can buy a business that is making X amount of dollars, but you'll still have to be a good marketer, business owner and entrepreneur to keep it doing good.

    Getting a loan is a bad idea just from what I've been taught from my mentors, your better off looking for an investor to help you or you'll constantly be digging yourself out of a hole...
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  • Profile picture of the author writeaway
    It's a good idea AS LONG AS the site you're buying has REAL REVENUES

    Do your due diligence

    It's so easy to get ripped off
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  • Profile picture of the author Augustinus
    really think twice about that and do not make quick decision loan for it is a big thing I think
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  • Profile picture of the author CutPasteProfits
    I actually put one of my websites up for $12000 on Flippa, and I had some very interested buyers. You know what I decided? No, I wouldn't sell it... because that's roughly what it made in the first year. I've also got a great list of buyers, which I didn't take into account when trying to sell it.

    I think I got lucky personally because people were obviously going to ask for proof, but because I promote several different vendors I get paid on different days of the month. Getting paid on different days and different channels makes it harder to prove that it's legit.

    Now I wouldn't dream of selling it for even twice that, because it's a steady income stream... as others have said, be very wary of sellers trying to sell "profitable" websites even for just a few hundred. Why do you think they wouldn't hold onto them? There are also a bunch of shitty WSO's telling people how to "flip" websites, so the WF isn't helping in that regard.
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  • Profile picture of the author sandalinasan
    If you are about 5 years in the IM section. So you need how to do. If you think it is really profitable business. You will be able to paid the loan money by doing the IM, carry on. Thanks.
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  • Profile picture of the author mario23
    Please be careful buying an online business from flippa.
    It's a lot of scams out there.
    Do you research before buying anything.
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  • Profile picture of the author CutPasteProfits
    If you haven't made anything in 5 years, I think you should just give up and get a normal job. This isn't for everyone because you need to create your own direction, and some people are just not inclined to go through trial and errors, and learning actual skills. How is it possible in 5 years you haven't learned how to either 1 or a combination of these skills:

    1. Write informative, persuasive content
    2. Set up a website with that content
    3. Learn basics of SEO
    4. Find a niche that interests you and has affiliate programs

    The list could go on, but really... I made money in my first year, although it wasn't significant until last year. You're a biz opp seeker, not an internet marketer.
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  • Profile picture of the author Geeked Labs
    I wouldn't do it. With your track record you're guaranteed to fail at it. This is like spending $10,000 to party at the playboy mansion when you've tried to talk to girls in real life for 5 years and haven't managed to get a phone number yet.
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by askamnet View Post

    Hello guys. I will be very short. I am in IM 5 years. Made nothing. I tried everything. Now I am thinking to get a loan and buy on Flippa a ready business with income. What do you think?

    Thanks.
    Have you tried getting into Wholesale, it is the simplest method to make money online you can buy a quality product and sell it through Amazon and Ebay.
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    • Profile picture of the author wakes
      Thanks for the useful advice.
      I used to think that buying a ready made profitable website was a good thing to do until now.
      Now I know better.
      I would rather learn from a good Mentor how to build a profitable business and eventually become an expert at it.

      Invest your time to learn a chosen business model and become an expert at it.
      Follow this three STEPS:
      1. LEARN IT
      2. DO IT
      3. SELL IT.
      The critical step is in learning.
      And you have to DISCIPLINE yourself and stay FOCUSED!
      I wish you well!
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  • Profile picture of the author fated82
    It seems that you are trying to buy yourself into success.

    That is a bad move because it's obvious you have no idea what you are doing and you just want success quickly (aka get rich quick)

    My advice is to look back on all the things you've done and choose one that you feel you will have success in...

    Most people fail because they quick too quickly.

    And most people who have money went burst because they think that with money, anything can.happen....

    It doesn't work this way....especially if you don't know what you are doing...
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  • Profile picture of the author dndoseller
    No I would not do that. Flippa sites are often overpriced, over-hyped and traffic/revenue is artificially inflated.

    Better to search around forums for problems that people frequently ask about and test out small one page landing pages which offer solutions.

    Just keep testing until you find a landing page that converts. Then build a site, product and business around that.
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