Buying a online business?
 

I have a chance to buy a internet business, the site is laksupply.com they sell all types of hunting and shooting accessories. Everything is shipped through the wholesaler with markups of around 20%. Average profit is about 3-6k per year and more depending on how much is advertised via ebay, gunbroker, auction arms, etc etc. It would cost me $5500 to buy the website and probably about 500 to run it for 1 year. Im on the wall whether or not I should buy it, on one hand I have plenty of time to list items and on the other hand, the economy is ---- and the market is bad. I would change the site and specialize in AR and AK parts or possibly some other firearms specialty. So what do you guys think? yes or no? Everything is drop shipped so I would not have to hold any inventory unless i chose to.

Re: Buying a online business?
 

i wouldn't do ---- with the economy the way it is now. hunting/outdoors ---- equals extra gas/diesel.

Re: Buying a online business?
 

if you get alot of customers in texas then i would say yes...

texans arent money savvy... they would drive 100 miles for some bbq... so id think they would drive as far to shoot some animals

Re: Buying a online business?
 

+1

Re: Buying a online business?
 

why is this business even available for sale? if it's guaranteed to be no work and pay for itself in a year, it would have sold to someone the first day it was on the market. smells fishier than my mothers snapper.

Re: Buying a online business?
 

He says it takes him too much time to list everything on auction sites and its taking time away from his family. I know for sure its not a scam, but im not positive that I can make my money back easily.

Re: Buying a online business?
 

If everything is drop shipped then doesn't that mean you don't have a choice in what inventory you get from week to week?

Re: Buying a online business?
 

------' deer hunters galore here in the south bro. If you do that ----, make sure you're able to easily cater to the parts of the country where hunting is prevelant. As far as the economy is concerned, redneck, hillbilly hunting types will let their ------' power get cut off before they go without paying there huntin' club dues...

Re: Buying a online business?
 

letting the market choose the way you live is retarded. granted its not easy, but its stupid to live like that. The market wont suck forever. Buy it.

Re: Buying a online business?
 

Profitable businesses arent for sale.

Re: Buying a online business?
 

yup.

Re: Buying a online business?
 

If this guy is throwing 500 a bucks a month in this pocket for a little paper work he wouldnt sell it

Re: Buying a online business?
 

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.

Re: Buying a online business?
 

Thanks for letting me now how to run a business. Emails arent ---- for work. Its work but really I mean if they are drop shipping they are also most likely have an automatic tracking system set up has well sent directly to the customers email.



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.

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.

Re: Buying a online business?
 

His asking price is way to high. For a maybe a K you get his connections etc it wouldnt be to bad.

Re: Buying a online business?
 

supplier buy in is $2500

Re: Buying a online business?
 

This is just another roll of tha dice....you could win, you could lose.

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.

Re: Buying a online business?
 

i have an online CDM boost business i will sell you for $5k. i am too busy for it. lol

Re: Buying a online business?
 

I think youre right, every way i look at it, its more of a gamble than I would like