The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

WEB/DIGITAL Worth trying to buy existing e-biz?

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

michael515

Contributor
Aug 27, 2007
93
91
27
41
Is it worth trying to buy an internet business that's already running if I have a small budget i.e. say $5,000?

The web can be very low cost-of-entry but when looking to buy an existing business off a forum like sitepoint.com marketplace all I see is junk mostly. Perhaps I'm living in a dreamland thinking that it's possible to buy an e-biz that's decent for that small amount of $$ huh? :coco:
 

Don't like ads? Remove them while supporting the forum. Subscribe.

SteveO

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Summit Attendee
Speedway Pass
Jul 24, 2007
3,889
16,654
3,254
Never buy a business for what it is
(if you do that, you'll be paying full value),
buy it for what it can be.


And you think your rep speed is over rated. :tiphat:
 

biophase

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 25, 2007
7,374
34,252
5,083
Scottsdale, AZ
I tried to buy one for around $13k-$18k back in August. At that time I didn't know much about ebiz so I thought I'd just buy one that's up and running and learn from the seller. The seller and I could not come to an agreement so I decided to start one up on my own.

I started up mine for about $300 total and used free open source software. I did all the template changes, learned alot about setting up the backend credit card process, processing orders, etc...

I'm now in direct competition with the company I tried to buy. I'm pretty sure I have the exact same suppliers and resources. All he has on me is his Google SERP ranking. But I can compete using Adwords. Now that I've learned what I've learned, I would not buy a small ebiz again. What you are paying for is mainly SERP and repeat customers. Without those, you can duplicate a simple ebiz site easily.

I would also say that you need to know some programming to successfully run an ebiz by yourself. If you have to call a developer everytime you have a small problem, your costs will ad up.

Here are some posts about my ebiz from my blog
Choosing an Ecommerce product part 1
Choosing an Ecommerce product part 2
My site after 7 days
Chugging along
 

Sponsored Offers

  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2020
Hi Fox, After reading your threat and watching some of your youtube I have several query ? 1...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
If you read the last message then you know I'm removing my courses from Udemy next month. You...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
PS. what do you think about the idea of setting up live Busking experiences on Air BNB? I could...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Hi Mj, I just bought it. And reading it. I think is a great idea to write using the stories to...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Thanks for the reply. Whats interesting is that I have an idea that's been cooking which...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom