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Buy An Online Business
Do you think it would be better to start an online business from scratch, or buy an online business? There are going to be advantages and disadvantages you should keep in mind before you do this.
Let’s take a quick look at a few of those!
1. Purchasing an online business gives you the advantage of the initial startup work already completed for you. It is like buying an existing offline business where the employees, building, advertising, and so on are already in place.
Buying an Internet business gives you the advantage of having the basics in place. This could include a catchy domain name, a website or blog, back links, branding, graphics, email addresses, RSS feed subscribers, and so on.
2. Depending on the age of the business you are purchasing it may already have existing traffic, and a page rank from Google. This is certainly one thing I would look at, as you can make changes to help your site convert better, but if the traffic numbers are not there that is something you will have to concentrate on.
3. Does the business on the Internet you are purchasing have an existing email opt in list? To me this may very well be the most important thing because a list of subscribers can be worth thousands of dollars a month in income.
Many Internet marketers do not work their list correctly, so you could feel confident you could develop your list into a quality one of purchasers if the subscriber numbers are already there.
4. Certainly one advantage of purchasing an online business is you can immediately work on driving traffic to it. Many people waste a tremendous amount of time on things like how their website looks, changing the background color, and piddly things that do not drive traffic to it.
Obviously any business without website traffic is worthless, so that will be the most important thing you focus on once you make your purchase.
Would you like to see what is out there? Here are a couple of websites to check out for online businesses for sale:
You can Google search the words “buy an online business” and find plenty of places to research businesses for sale. You will find there are many Internet business available for very little money. You should also expect to spend thousands of dollars on an established internet business.
You can also join discussion forums and ask members if they know of online businesses for sale.
Here are two of the best forums to do that.
- http://forums.digitalpoint.com
The decision on whether to buy an online business or not becomes a personal one. Many people will not be able to afford to do it and will have to build their own Internet business.
There certainly are advantageous to starting a business from scratch and building it yourself. However, if you prefer to bypass the initial startup phase, you may want to buy an online business and get off the ground that much faster.
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David Hurley Said,
November 29, 2008 @ 11:39 am
Hi Jeff,
If you can afford it and can find a good site in a lucrative niche, then buying will certainly save you hundreds of hours of work in site building and traffic generation.
Of course, you would need to make some changes to the site, such as replacing affiliate links and plugging in your own autoresponder.
Best wishes,
David Hurley
charles Boustany Said,
November 30, 2008 @ 7:18 am
Thank you Jeff
This is a very interesting article and very informative One thing you can immediately see is the difference in price between a brick and mortar business and an online business
David comments are valid as lonng as due diligence is observed doing it that way will definetly kick start your business online
But please remember always invest what you can afford I think about it that way will this investment cripple me if it does not work?
Cheers
Charles
sani Said,
December 1, 2008 @ 7:11 am
H Schuman support forever.
Mira Said,
December 7, 2008 @ 11:10 am
Hi Jeff,
Start business from scracth is not easy, and you need
time long time for it. You need some money too. Buy one
from somebody else is lottery because you paid for that and
have some job to do. But question is it working. My oppinon is
Is not easy any way. Thank you Jeff for good post and information.
Regards
Mira Stjepic
Administrator Said,
December 7, 2008 @ 9:29 pm
Thanks for your comments everyone. One thing I might point out is the opportunity to make money selling websites and blogs as well. Blog flipping offers some real good money right now and you can outsource most of the work and just do the marketing to sell your site.