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Stop! 7 Important Questions You Should Ask Before Buying That Website

 
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DaleKing

posts: 1061

Jan 24, 2008 10:52 AM ET    Quote  Report Abuse
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Thousands of previously-owned websites are bought and sold every day on the Internet. Sometimes they`re good deals, but often they`re not. Before you purchase a previously-owned website, there are seven important questions that you should ask both yourself and the seller:

1. Why is the website being sold? This is the first thing that you should ask. There could be a very good reason why the seller is selling. For example, the seller just doesn`t have the time or money to properly promote the website. Or there could be another reason entirely. The point is, you`ll never know the reason unless you ask. Also, one of the criteria that Google uses to rank websites is their age. So the older the website, the better.

2. Does the domain have a good reputation? This is important. The last thing you want to do is purchase a domain that has a closet full of skeletons. Building a successful online business is tough enough. Trying to overcome someone else`s bad reputation will make it even tougher. If the domain doesn`t have a good reputation, don`t touch it.

3. Do you have above average knowledge about the topic of the website? If you aren`t familiar with the subject matter of the website, then how can you possibly succeed with it? Always stick with topics you know about and are comfortable with - not just for your sake, but for your customers as well.

4. Does the website have a good number of relevant backlinks, and a decent PageRank and Alexa ranking? Backlinks, PageRank and Alexa ranking are important, and are three of the criteria that Google uses to rank your website. While not having backlinks, PageRank and Alexa ranking are not necessarily deal-breakers, they are important.

5. Does the website have lots of relevant content? Again, this is important. Google places a great deal of emphasis on relevant content. The more relevant content the website has, the better.

6. Does the website have a newsletter or mailing list? How clean is the list? In other words, how often has the list been cleaned of bad e-mail addresses and unresponsive recipients? Also, is the list included in the purchase price?

7. Will the seller provide support after the purchase? Even after the site has been transferred over to you, there may still be a few minor details that need to be resolved. Make sure you find out how long the seller will provide support after the purchase, and get everything in writing.

Has anyone here purchased a previously-owned website recently or in the past? Were you able to make it work? Share your story with the forum. Your experience, good or bad may help others.
 
Dale King

DKing1/24/2008 3:46 PM


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KJC

posts: 69

Jan 24, 2008 4:33 PM ET    Quote  Report Abuse
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An 8th question to ask yourself (or the seller) how much the website is being sold for.  Granted, this may seem like a simple question, however it is necessary to gain an understanding of why the price is what it is.  Purchasing a website is not like purchasing a home or a car where there are comparables.  Any price you pay over the cost of the domain + hosting is considered to be the value of the intangible characteristics of the website.  Some of the intangibles may be understood when asking questions 2, 4, 5, 6, and 7.  All of the factors considered in answering these questions impact the price one would expect to pay for a website.
 
I recently sold a domain (would not consider it a website) to an individual who reached out to me.  I was planning to develop the website, however focus on other things delayed me in doing so.  An individual came along and offered to purchase the site.  I had no idea how much to ask for the site, however I knew the domain had value.  We eventually settled on a price and were only required to take into consideration a few of these questions--the intangible value of the domain name.   
DaleKing

posts: 1061

Jan 24, 2008 4:38 PM ET    Quote  Report Abuse
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You`ve got to be kidding! Generally, when someone has a website for sale, they post the price. And even if the price isn`t posted, most people have enough common sense to ask how much? I don`t need to tell them that.
 
Dale King
DKing1/24/2008 7:24 PM


-------------------------

If you`re tired of all the money-making
hype, lies and scams...read this!
Click here for more details!


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