Once in a blue moon I sell one of my websites. I take my time and write very detailed accounts of what the website does, how its built, how its marketed, and provide very transparent financials that show actual income, expenses, and compares these figures off to time involvement and the estimated longevity of the company.
In the end I can give a summery stating that the company earns an average of $9,800 profit per month after expenses, has grown by 16% a month for +14 consecutive months and has a predicted lifespan of 36-42 months..
Then some get rick quick idiot comes along and offers me $142 and 19 cents.. as long as the income is guaranteed with a contract written by an attorney.. and they will need support.. lots of support because they don't know a thing about operating a business.. and they don't have much time to really run the business either.. them being an airport bus driver and all. In fact.. they might even offer $150 if I'm willing to 'run' the business for the first 90 days and split profit. If I'm willing to give them the website for FREE then I can keep 20% of the profit as long as I continue to run it.
If you think you can get rich buying 'cashflow' sites then you can't.. if you believe you can buy a site for $19.95 and make $200 your first month and put NO effort into.. you can't. You can't buy a website that makes $1000 a month for $500.. and you can't 'hire' the same person selling the website to also 'operate' the website and pay themselves out with their own profits.
Stop trying to get rich fast. Spend +40 hours a week LEARNING website design, programming, business, and economics. Guys like myself making their living online and enjoying life traveling and 'living the dream' are well educated individuals with technical, marketing and deep seeded skills in finance and there is NO check in the world you can write us to just hand that over to you. If we WANTED a job we would go work for a corporation and charge them $300-500k a year.. but instead we want to be Internet gurus and just because we sell a website at a fair price doesn't mean we are for hire and it certainly doesn't mean we are going to give you something with SOLID cashflow for 'free' or 7-15 days of profit.. we are not insane.
So anytime you see a $20 website being sold that makes $200 a month just remember that its not someone like me that is selling it to you.. and your not someone like me that is buying anything of value. Your trying to get rich fast, cheat entrepreneurship, and your going to end up scammed or stuck with something worthless.
So I have built a simple formula:
If the site being sold doesn't show financials then don't buy it.
If the asking price is anything less then 4 months of profit.. don't buy it.
If you don't live and breath being an entrepreneur and want this really insane lifestyle that we have come to love.. keep your job, keep dreaming about getting rich quick.. but don't pursue it.
Internet entrepreneurs are a rare breed that don't need $$ to make money, they don't need instructions to build companies and they certainly won't help you get rich fast for absolutely nothing in return. The ONLY time I help someone build a company out of the goodness of my heart is when they are my neighbor and I love their family, enjoy their kids playing with my kids, and I want to HELP them have a better life because we have that BOND of friendship for each others family. If you and your 'mentor' don't have that.. get ready to pay $29.95 and then another $89.95 and then attend their $395 get together.. and be prepared to go back to driving your bus and stop sending me $142 dollar offers to buy a company making $10k a month. If it was THAT easy to make $10k a month then I would of just worked at McDonalds for a week and 'retired'... but instead I grinded for 20 years to become who I am.