Buying a online business?
#13
Re: Buying a online business?
Originally Posted by Racing-Solutions
Profitable businesses arent for sale.
Originally Posted by chris
If this guy is throwing 500 a bucks a month in this pocket for a little paper work he wouldnt sell it
#14
Re: Buying a online business?
Originally Posted by bigwig
Huh? That doesn't make sense at all.
It takes a good amount of time to answer emails, make ebay posts, follow up on stuff, and make sure the deal goes smoothly. In the end, $500 a month, to make it worth his time he could spend no longer than 25 hours on the whole deal and thats only making $20 an hour. In the end, it may not be worth it to him.
It takes a good amount of time to answer emails, make ebay posts, follow up on stuff, and make sure the deal goes smoothly. In the end, $500 a month, to make it worth his time he could spend no longer than 25 hours on the whole deal and thats only making $20 an hour. In the end, it may not be worth it to him.
There is no need for customer support has only people dumb people like myself over that service for free since I care. American companies dont offer that service anymore.
#15
Re: Buying a online business?
It takes time to post things up on auction sites, which is where he said he made the majority of his money. I have the time for that but I still don't know if its a good investment or not.
#16
Re: Buying a online business?
Originally Posted by scottsi
It takes time to post things up on auction sites, which is where he said he made the majority of his money. I have the time for that but I still don't know if its a good investment or not.
His asking price is way to high. For a maybe a K you get his connections etc it wouldnt be to bad.
#19
Re: Buying a online business?
What doesn't make sense? You don't sell a *profitable* business, you employ it, and do something else if you don't want to be there or do it anymore.
I've bought a couple businesses in the last few years - and 9 out of 10 of the businesses I've seen for sale due to "owner retiring", "other interests", "health problems", etc are typically businesses that are not profitable enough to be self sustaining. This is very common and most people eventually realize they are doing nothing more then employing themselves and want out.
I would be wary.
I've bought a couple businesses in the last few years - and 9 out of 10 of the businesses I've seen for sale due to "owner retiring", "other interests", "health problems", etc are typically businesses that are not profitable enough to be self sustaining. This is very common and most people eventually realize they are doing nothing more then employing themselves and want out.
I would be wary.
Originally Posted by bigwig
Huh? That doesn't make sense at all.