I want to buy an Online business?

Hey, thanks for nice post. I also search a legal online job. If someone knows please inform me.

Hire a website broker. They'll do the work for you.

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.

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.

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.

Welcome to the club.

Create your own site or get a broker. You have the money anyways. Best of luck!

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!

You can buy my business for $600k

Independant of Google traffic, lol that's kind of funny to say for an SEO business.

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.

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 .

you should buy a successful running website

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.

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.

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...

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.

@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

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.

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.

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?

Look for a good business broker and they should be able to match you up with a legit opportunity.

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!

Go to flippa and see what you like,but be careful don't fall for fake income claims.

Ean

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.

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.

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

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

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...

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.

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

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 :-)

The key to buying success is to pay more then what the seller is excepting to pay!