Businesses For Sale
Tips Before Buying a Turnkey Online Business
You need to be careful browsing through online turnkey offers to avoid serious financial loss. Everyone has at least one horror story involving online scams, and some are more personal because they were a victim. Once I receive my check for $14,000,000 from Nairobi I can retire from writing advice for small business owners and designing web sites. Wish me luck! Consider the line from the movie "Field of Dreams" saying "If you build it, they will come". This does not apply to websites. Online, the P.
Barnum adage "There's a sucker born every minute" is too often the case when it comes to purchasing a turnkey online business. Think before you hand off your hard earned cash. You could become victim of an online scam. In the real world, individuals with novice internet skills are becoming victims every day.
An honest person is more apt to believe what they read online because it's in their character to trust things in writing. Stories of instant wealth with turnkey websites help perpetuate the elusive dream, especially when the reader has little or no business experience. Let's examine a true case involving one of my clients, and the extreme nature of what can happen. Imagine this single Mom, struggling to make ends meet while living off the proceeds of a real estate sale, and she encounters a variety of online ads filled with exaggeration and promising the opportunity of a lifetime. Over time, and before meeting me, she purchased 7 prepackaged web sites for a variety of online products and services thinking that money would roll in automatically. To put her online marketing in perspective, only recently she grew more comfortable sending and receiving email. Her total cost for 7 sites exceeded $10,000 two years ago with zero profit to date. Most of the sites were cookie cutter turnkey subdomains with insignificant search engine ranking. In general, the top level domains were poorly coded with grade school level graphics, so each of her sites had serious problems with credibility. When questioned about the lack of sales, most of her sources replied blaming her for the poor performance because she wasn't promoting and marketing the site.
Any person with bare email skills, no previous online marketing, and ruthless predators taking advantage of novice online entrepreneurs, all adds up to disaster. The ones selling advice about how to make money are often the only ones making money. Read on about how truly outrageous this situation became. To get started, one company required payment of $2500 by EFT to transfer funds immediately from her bank account to theirs. One year later, they renewed her site without any prior notice, and withdrew $2500 again. Believe it. I know because by this time I was contacted to create a super site as a portal page to introduce the other 7, and she asked for advice on how to handle the $2500 withdrawal. Here are some tips to help you avoid online scams when considering an online turnkey website. 1. Look at the web site and reflect on your first impression objectively.
Your visitors will decide within 5 seconds if your product or service is credible and worthwhile. If your reaction viewing the parent site is not favorable, move on. 2. If you decide to review their web site further, look for signs of exaggeration. Pages overloaded with adjectives claiming or exclaiming success may be overselling in an attempt to convince you that you'll be the next millionaire. 3. Next, do the owners or managers of the online opportunity give their real names, physical address, and phone numbers? If all you find is a postal box address and nothing to identify who's taking your money, don't do it. 4. Never consider buying an online business unless you personally have the experience to market and grow the product or service. Very few people make it rich quickly without effort and a considerable commitment of time and energy.
5. Don't believe ads that offer something too good to be true. Avoid the pressure to act now. There is no urgency handing over your life savings until you perform some basic research. 6. Check for comments from satisfied customers. Testimonials from unhappy buyers are never published, so save your energy and skip over those unless you're in the mood for some entertainment, and enjoy reading fiction. 7. Join a forum to get advice and feedback from other honest people like you.
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