I was considering purchasing an SEO reseller site recently, and found an auction on flippa that looked really good. The numbers were there, proof was in place, the seller had 100% positive feedback, and he answered all questions quickly and to my satisfaction. It all looked great so far.
When there were a few days left on the auction, and I hadn't seen any red flags at all, I was nearly ready to pull the trigger. For one final check I looked through the seller's past auctions and picked out another high dollar auction like the one I was about to bid on. I ran a whois on the domain, contacted the new owner, and asked if he was happy with his purchase. Here is his reply:
Two words, Stay away.
At first everything was going fine, he was communicating good, answering all my questions in detail etc. The income was slowly getting there. Although he was determined to remain a middle man between me and the supplier with was a bit dodgy as well.
Everything was fine for about 3-4 months. And then nothing. He simply stopped replying. Stopped providing reports for customers orders. Stopped everything.
Disappointing seeing as though he is still selling on Flippa and therefore has been reading all of my e-mails and knows what he is doing.
I am not happy that this has happened but it has taught me a great lesson. Unfortunately one that cost a bit of money to learn.
Hope this helps..
I sure am glad I dodged that bullet! I posted it here so that everyone can learn from it. Do your due diligence before buying on flippa!!!
(oh and hey, I'd really like to call that seller out in this forum. Is it kosher to name him?)