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Forgive my skepticism...

...but what's the story behind all these wonderfully "profitable" online businesses for sale that claim to only take a few hours a week to run? Beyond illness or a serious personal financial crisis why would anybody ever sell such a thing?

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Answers (8)
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Website Brokerage Services Inc.
New Castle County, DE

I have been in the online tech industry since the mid 90's and while there are sites that make big money with just a few hours a week what they dont tell you is they were working 12 hours a day for years getting them to that point. I have some sites that make $5k to $6k a month and I spend about two hours a day on them but you are right. Why would anyone sell them at that point.

You do have guys that will sell them just to raise some quick cash for another project but many of these sites are just guys that bought them and lie about the revenues to flip them for a quick buck. Ask a lot of questions. Good sellers will let you see the operation and even let you run the sites for a few days to really verify the info.

Mar 22, 2010
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I does seem to me that there are a lot of attempts to "flip" web-based businesses which tells me that there might be more money in creating and quickly selling them rather than running them.

Mar 11, 2010
Jon Holmquist
Edgemaster Model 400 sharpener
President
Marion County, OR

Remember what was said, "there's one born every minute" and the people are still willing to pay for that chance that their MLM is different, or they have "the secret". I hope people understand just who is really making the money and on whom they are making it. Jon at Edgemaster Mobile Sharpening, you won't get rich but you can make a fun living earning as much as you want to work for. No Work, No Earnings.

Mar 9, 2010
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Actually I thought it was a clever turn of a phrase.

Mar 9, 2010
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BizBuySell
Los Angeles County, CA

I hear you Peter.

Mar 9, 2010
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How to Buy a Business
WA

Bizbuysell needs to offer a brief window for fixing typos.

Sleeping? *groan*

Mar 9, 2010
Robert Cutler
Attorney
New York County, NY

I agree with the previous poster. That is why I have been continually emphasizing the importance of good due diligence in the buying process. Every buyer should have a good lawyer and accountant who can expose any issues with the business.

Mar 8, 2010
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How to Buy a Business
WA

Take most of it with a big grain of salt. I'm no online marketing guru but I have had sites up since 1995. Since then I have become a member in a few elite communities for people who conduct business online--not that I am at their level. The successful ones admit to working 10 to 15 hours a day. If you do business online you basically have to run just to stay still, otherwise you'll start sleeping back into oblivion.

Back around 2003 it was much easier to make money. Back then Adwords worked. It no longer works because 1) no one sees the ads anymore (the mind filters them out), and 2) their price has been driven up through the roof by competitive bidders. The smart business people are moving away from Google.

Mar 8, 2010