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Looking to purchase an internet business I need quality consulting including pitfalls and diligence points.

I am looking to purchase an internet business. It can revolve around memberships or product sales, wholesale or retail. I have owned several businesses ranging from gas stations title companies and even a medical equipment company. The learning curve with regards to "not buying a fraud site" and avoiding pitfalls along with due diligence techniques related to this industry including but not limited to real revenue sources, is my biggest hurdle. Thank you for answering with possible options.
Sean Monaco 954-804-5406

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Answers (5)
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How to Buy a Business
WA

Mark makes some excellent points. The seller can easily hide the fact that he/she is your newest competitor after the sale. Furthermore, you can bet your last dollar that the seller is keeping a copy of the most important asset: the mailing list.

To buy an online business without the protection of seller financing and an earn-out is insane.

A few years ago an acquaintance without any online experience bought a site which showed up as the first google hit for its most important search terms. Guess what, as soon as he bought it sales started sliding downwards and he can't figure out why.

If you know what you're doing online, you're better off, in most cases, starting from scratch.

Sep 25, 2009
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We have a very well established online business selling apparel and we are in the process of listing it for sale. if interested, email us at yale63@gmail.com for further details. Thanks, Sam

Sep 25, 2009
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Monmouth County, NJ

I find it difficult to consider purchasing an exising internet/website business. Mostly all want all cash. The competition is fierce and what about a non compete? How the heck do you get the seller to sign a non compete and even if he does, with the ability to hide behind the internet, even with a non compete, it almost seems impossible to make sure it is being adhered to.

Sep 24, 2009
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How to Buy a Business
WA

Sean,

No offense, but I don't think you're ready for an Internet business based on your questions. It's a whole different ball game with a pretty steep and continuous learning curve. I put up my first website in 95, belong to a few elite communities for online entrepreneurs, and can still barely keep up with this rapidly evolving industry.

Every good idea has a shelf life of about 6 months at the most. Due to low barriers to entry the competition is fierce and always just a mouse click away.

Stick to what you know.

Sep 24, 2009
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Hi Sean. I may have a few different things you might be interested in. I have several internet businesses available as long as you have cash. Just give me a range, and sign an NDA and we'll give you all the information you need to make an informed decision. If you're interested, contact me at globalnerd@yahoo.com. Thanks and have a great week.
Angie

Sep 23, 2009

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