I want to buy an Online business?

36 replies
I'm sick of my 9-5. I'm tired of slaving away at my own online ventures and ideas that have never made me more then a few hundred dollars over a period of a few years.

I want to buy an online business or website that is already consistently generating some money... but has potential to be grown.

I'm very cautious of flippa because I've heard that there is alot of illegitimate figures and scams on there. I also can't seem to find much for sale on the Warrior Forum that is already generating money.

Does anyone have any ideas of where I can go to research and buy?

It's time for change.

Adam.
#business #buy #online
  • Profile picture of the author nahid321
    Hey, thanks for nice post. I also search a legal online job. If someone knows please inform me.
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  • Profile picture of the author sbucciarel
    Banned
    Hire a website broker. They'll do the work for you.
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  • Profile picture of the author Daones
    One thing to keep in mind, most people selling their businesses on flippa will calculate their previous months income and and generally price it for around what it would make 6months to a year and sell it for that price. So when you see someone selling a site for $100 expect to do a lot of work to get it profitable.

    There are many sites on there that are profitable but make sure you are checking their claims diligently. You can also setup a 3rd party escrow service to ensure you arent getting scammed there.
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  • Profile picture of the author LegendaryGuy1
    Banned
    Instead of Flipper, I use EmpireFlipper. The cost of the sites are incredibly expensive at more than $20,000 for most of them however they make good income and can easily be scaled up to make more money.
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  • Profile picture of the author itrend
    One of the main reason people are selling their sites on flippa, is because the rev income is dropping, or little income potential in the near future. aside from all the bs excuses they make, why would they sell you a site that is growing with potential income right?
    Even you have the money, is best to build a business your own. tons of ways to outsource these days, If you know where to look.
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    • Profile picture of the author salegurus
      Originally Posted by talfighel View Post

      Adam was not referring to an online job. He was referring to a BUSINESS.
      The poster does not care he is probably just trying to build post count...
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  • Profile picture of the author christophercuna
    Welcome to the club.

    Create your own site or get a broker. You have the money anyways. Best of luck!
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  • Profile picture of the author aarthielumalai
    Well Adam, buying someone else's business is not easy. As Itrend said, why should they sell a profitable business? Most of the time, its because its not really profitable anymore. Of course, there are some who sell for genuine reasons (money trouble etc), but you have to be lucky to find the diamond in the rough.

    You must have heard of instances where buyers lost their sites' ranking after a couple of months, mostly because of Google rolling out a new update and the seller not practicing good link building methods. You can't go back and ask them now, can you?

    Anyway, in my personal opinion, starting your own business is the way to go. You start it from ground up, you nurture it, so you are the one who knows the most about it. If some problem arises, you'll know how to fix it because its your business, not something you bought from a stranger.

    How long have you been trying your own online ventures? It takes a lot of time to build something substantial; there is no easy way in this business, no matter what others might tell you.

    So, I'd suggest you stick to your day job for now, and work on your online ventures more. Don't give up. Giving up is the route of all failures in this world. Stick to it, and at least one of your methods will make you money.

    Good luck!
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  • Profile picture of the author nik0
    Banned
    Originally Posted by addyonline View Post

    I'm sick of my 9-5. I'm tired of slaving away at my own online ventures and ideas that have never made me more then a few hundred dollars over a period of a few years.

    I want to buy an online business or website that is already consistently generating some money... but has potential to be grown.

    I'm very cautious of flippa because I've heard that there is alot of illegitimate figures and scams on there. I also can't seem to find much for sale on the Warrior Forum that is already generating money.

    Does anyone have any ideas of where I can go to research and buy?

    It's time for change.

    Adam.
    You can buy my business for $600k

    Independant of Google traffic, lol that's kind of funny to say for an SEO business.
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  • Profile picture of the author sidiniquity
    There's nothing wrong with Flippa. I mean, yes there are some really crappy sites there, some of them are plain scams. But if you want to get in the business, you should be able to figure what's a good deal and what isn't. I really shouldn't have to say this but there's no such thing as a free lunch. If it's too good to be true, it's probably a scam. You have to be really stupid to fall for any of that. Search hard enough on Flippa and you can find some gems. I speak from experience.

    EmpireFlippers and other online brokers are obviously the best option but they charge a higher price because of all the due diligence they do. For Flippa you have to do your own due diligence. So if you have money and no time, go with a broker. If you have time and no money, search for a good deal on Flippa.
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  • Profile picture of the author peter09
    i agree with aarthielumalai.Adam i think you must start your business from the scratch then you would get to know how the business flow is going .
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  • Profile picture of the author monty77
    you should buy a successful running website
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  • Profile picture of the author bezzaton
    Exactly what is your budget? What sort of business are you interested in acquiring? When you say successful, what EXACTLY is your definition of this? If you are actually interested in talking further, then feel free to direct message me or answer here.
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  • Profile picture of the author midolyon
    I think that most of the websites offered for sell on Flippa are not making a good income for their owners, and that's why they decide to sell it and concentrate on other things.
    If you want my opinion, do some research and build your own business online, but if you'd like to buy one you should be very careful and pick a business that you know uou can scale up and higher it's income.
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  • Profile picture of the author SuperSaint
    Why would someone want to sell a successful online business?

    It sounds like you're trying to get rich quick, it doesn't happen.

    Go buy a lottery ticket, that's my advice...
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    • Profile picture of the author TryBPO
      Originally Posted by SuperSaint View Post

      Why would someone want to sell a successful online business?

      It sounds like you're trying to get rich quick, it doesn't happen.

      Go buy a lottery ticket, that's my advice...
      You'd be surprised...

      While it's nice for sellers to pretend that they're looking to sell at the optimal time to maximize the cash/value they'll get in a sale...many sellers want out for personal reasons.

      "I don't want to do this anymore."

      "This niche doesn't excite me like it used to, I want to do _____."

      "I need to spend more time with my wife/husband and kids."


      There are financial reasons too, of course:

      "I don't think I can take this any further than I have."

      "I need the cash to reinvest in my real passion (or bigger business/opportunity)."

      "I'd like to pay off my house, retire, etc."


      Just because someone is selling their business doesn't make it too good to be true. In fact, if what you're saying's correct...you should be buying up every business you come across that passes your due diligence standards!
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    • Profile picture of the author Joan Altz
      Originally Posted by SuperSaint View Post

      Why would someone want to sell a successful online business?
      To invest in something bigger and better.
      To retire.
      To pay their debt, medical bills, new home.
      Boredom

      That's a few reasons. Successful businesses are bought and sold all the time, both online and offline.
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    • Profile picture of the author derekwong28
      Originally Posted by SuperSaint View Post

      Why would someone want to sell a successful online business?

      It sounds like you're trying to get rich quick, it doesn't happen.

      Go buy a lottery ticket, that's my advice...
      I once paid $35,000 for a network of sites listed on eBay. The whole listing looked very suspicious. Anyway, I went ahead knowing that things were quite safe with escrow.com

      I made my money back within 4 months and by the end of the year, I have resigned from my $10,000 a month job. Although I also had a successful e-commerce business as well. Still I wouldn't have resigned from my full-time job if I did not have that network of sites.

      The income from that network of sites dried up after 18 months. But I went on to generate over 1M in revenues on techniques that I learnt while managing that network.

      Now I probably won't dare to do the same thing again today. For a start, there are many more scammers around. Also the business models are much more complicated. What I would recommend though would be to avoid new sites, and especially those that depend mainly on organic search engine traffic.
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  • Profile picture of the author pelican
    if your business is earning money, do you want to sell it?
    obviously no unless someone is offering you an amount you cant refuse.

    eg. if your site is making $100 per month, would you sell for $5000? i wouldnt. i rather borrow 5k from bank and let the website pay for the loan. Unless the offer is $50k which is an offer i cant refuse.

    if you want to buy a business that truly has a sustainable revenue, be prepared to fork out 5-figure amount.

    else the next best thing is to build from scratch, invest your time to save money.
    only the rich can use money to save time.
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  • Profile picture of the author wolfmmiii
    @addyonline...

    What's your budget? I've been toying (for several months) with selling off a large portion of my business, complete with training, products, clients, etc. It wouldn't be cheap but it definitely makes a lot of money as a part-time gig. It would make FAR MORE as a full-time gig for someone who has the time to make it a full-time business.

    PM me if interested.

    Tom
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  • Profile picture of the author bmoore62
    Buying an established online business is costly. . .unless you have the cash. In that case, you're probably not in desperate need of money. Quite the catch-22.

    Get a mentor and start your business from square one so you know what to do and what not to do. Follow someone who's been where you want to be and done what you want to do.

    I'm not going to recommend anyone here, but just do some research and find someone you can trust.

    From a personal perspective, I didn't really begin to see results until I followed the footsteps of someone proven. I would buy product after product thinking the next purchase was "it." Never happened. I needed focus and direction, and that's what a lot of people are missing. Stop being a buyer because that's only going to confuse you even more. Start being a seller.

    I hope that helps.
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  • Profile picture of the author AMBuddy
    Hey Adam

    To start a business online, you need to build a solid foundation. There is a process and it has got to be done the right way. This is the route I have taken after complete a very successful coaching program which got me off my backside and taking action.
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  • Profile picture of the author ValCDesigns
    Hi there Adam, there are a few things you need to consider:

    - what's your actual budget
    - how much you're willing to invest AFTER you buy the already existing and earning business
    - how much time you're willing to allocate to this new business, or are you going to hire people to handle everything for you, which again costs money?
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  • Profile picture of the author Steven Miranda
    Look for a good business broker and they should be able to match you up with a legit opportunity.
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  • Profile picture of the author johnben1444
    I would have asked you to buy WF but it's gone now.

    Just trying to tell you, look for the likes or alternatively find a professional IMer to teach you IM and how to bank thousands monthly from your site(s). It truly works!
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  • Profile picture of the author Ean Stark
    Go to flippa and see what you like,but be careful don't fall for fake income claims.

    Ean
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  • Profile picture of the author Kevin Walker
    Hi Adam, there's lots of good advice in this thread about buying a business but if you've not had any success in your online efforts so far then you have to ask yourself do you really know how to run an online business as it's quite different to any other business out there in the real world?

    I'm not saying that to discourage you or put you off, quite the opposite, I want to help guide you in the right direction.

    You see I was in your position once and I still struggle online. But, I now know what I'm doing wrong, what I need to put right and most importantly what to totally avoid at all costs.

    Why do I know this? Because someone told me so. Not just anyone, but some one I can trust, someone I got to know over time, someone I worked closely with and came to like. That person was my personal mentor who took me and showed me how to do things right and the reason I knew I was doing things right was because I could see positive changes in me and my skills set as well as in my business and how it was developing.

    That's what you need to do, find yourself a personal mentor to set you in the right direction before you even contemplate buying a business online. You need to build your online business skills first otherwise you'll just be throwing money away on buying a website you don't have the necessary skills set to run successfully, or perhaps even run at all?

    I hope this helps you to find the right way forward on your online business journey?

    Good luck in all you do.
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  • Profile picture of the author bones46
    So, you just want to buy any online business? Why not sit down with yourself and come up with 4 or 5 industries or markets that you actually want to be in - then, starting looking for companies in those. Once you find one, send them an email saying your want to to buy the business. My bet is this: If you find 20 companies and send out emails or some form of contact, you will get 5 or 6 responses. Then, it just comes down to negotiating price.
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  • Profile picture of the author Giovanni Puma
    Yeah you could buy a successful business..but its not going to be cheap say $100-500 we are talking about you investing in at least 10k for profitable business... that is actually established...

    Yes flippa seems to be fake ... but make sure you do your own diligence before thinking to purchase... NEED HELP...ANY MORE QUESTIONS? Im here and will help with your problems
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  • Profile picture of the author dmitridr
    Originally Posted by addyonline View Post

    I'm sick of my 9-5. I'm tired of slaving away at my own online ventures and ideas that have never made me more then a few hundred dollars over a period of a few years.

    I want to buy an online business or website that is already consistently generating some money... but has potential to be grown.

    I'm very cautious of flippa because I've heard that there is alot of illegitimate figures and scams on there. I also can't seem to find much for sale on the Warrior Forum that is already generating money.

    Does anyone have any ideas of where I can go to research and buy?

    It's time for change.

    Adam.
    Firstly, nice to see a fellow Melburnian on here! I agree, Flippa can be full of scams! I have bought two sites from there in the past both being scams, but thank god the lesson wasn't too costly.

    It really comes down to due diligence - you just need to do your own research of potential sites you'd like to purchase:
    - Is there a hidden reason why the seller may be selling? Is the niche dying..?
    - Is it a buying market?
    - What is the niche like in terms of being evergreen or short-lived?

    Another method for getting into a profitable niche without buying a site is to do a search of flippa.com itself. See a guide here which I looked at not too long ago, and this really gets your creative juices flowing

    The Secret To Finding Proven Money Making Niches
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  • Profile picture of the author cheehien
    i strongly believed noone willing to sell their "golden goose" if it generate a consistent passive income.
    if someone selling it, i truely believe the business is almost sunset.
    So be careful when you buy it...
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  • Profile picture of the author trump7
    Oh you are buying an existing and successful business. First why they will sell their existing and successful to you when they are making good money. If they are ready to sell their business they will claim huge money so i think you can also start a business with your affording amount and try to run it successfully.
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  • Profile picture of the author mikesalaru
    If you want an existing business it will cost you lots of money ,almost in hundreds of times more than their profit.
    I'd suggest to ask them for partership
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  • Profile picture of the author WarriorWasim
    Hi, I'll suggest you to buy a stratup business form any auction site like flippa and that will not cost you much money and then invest some money for that business and make a marketing plan.If you do everything properly then it'll start generate money for you.If you want to buy existing business then it'll cost you huge amount so it depends on your budget.Thanks :-)
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  • The key to buying success is to pay more then what the seller is excepting to pay!
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    soon people... Relax...
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