Business Buying Guide | Buying an Internet Business

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Buying an Internet or Online Business

By Richard Parker: President of The Business Buyer Resource Center and author of How To Buy A Good ONLINE Business At A Great Price©

Personally, I love the online business model. My company now does business in over 70 countries. The business has no inventory, no receivables and a handful of employees; we outsource nearly every key function except customer service and support. I have absolutely no technical expertise. The entire business is automated and it’s incredibly profitable. An ideal business model, isn’t it?

Perhaps the best part about an online venture is that you can get into one quickly and inexpensively whether you buy an existing one or start one from scratch. However, multiples for successful online ventures are far greater than most bricks-and-mortar businesses because of many of the factors you’ll read about here. Additionally, because an online business can be run from anywhere at anytime, it’s an ideal business to have if you’re not yet ready to take the full plunge into your own business or you like to travel, work remotely or casually (it’s 3:00 pm now and I’m in Australia with my family on vacation, looking out at the spectacular Sydney Harbor and famous Opera House… and, even better, people are buying our program right now. Gotta love it!).

Don’t be misled thinking it's all fun and games. But it’s the kind of business where, if you put in the effort up front and automate every aspect of it, it will pay enormous ongoing dividends relative to the time expenditure. Right now, it takes me about two hours each day to handle the operational side the business, if at all.

If you want to buy an existing profitable venture, keep in mind that the multiples may be higher than traditional small business valuations since there are so many great benefits to them. You should also know that the financials of most pure Internet businesses are generally simpler to investigate because there are generally no cash sales, and almost all of the transactions are via credit card.

Likewise, if you decide to start one from scratch, you can build a Website, and begin initially marketing for just a few thousand dollars.

Here’s What You Need To Be Aware Of When Buying an Existing Online Business:

You can locate online businesses for sale at various online businesses for sale databases and there’s a ton of them on eBay, but many seem like scams to me. There are other Websites that specialize in Internet businesses for sale. Plus, most online business for sale databases have an online category.

It’s been said that the best business is the world is everybody else’s. However, an online venture, when set up and run properly, is, without question, one of the best business models around. The key of course, is to provide a profitable product or service in a sustainable business.

This article represents a fraction of what you’ll learn on this topic in How To Buy A Good ONLINE Business At A Great Price© - the most widely used reference resource and strategy guide for anyone thinking about buying a business. Read a detailed listing of what you'll learn.

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