Internet Business Guide Buyer Advantage Service
Here’s the bad news if you’re planning to buy a business: According to industry statistics, over 90% of the people who begin the search to buy a business fail to ever complete a purchase. Even worse, the average person looks at business for sale listings for 18 months and still, they never buy one! What a monumental waste of time!
Part of the problem is that most businesses listed for sale are overpriced and have plenty of problems. Buying a business is a major undertaking. There\’s a lot at stake. This is one decision you must get right the first time. If not, the consequences will be enormous!
Why so many failures? There were several common reasons given by those who failed to realize their dream of business ownership, or worse, ended up buying a bad business. Most were first-time buyers and they admitted to having totally underestimated just how much was involved with each stage of the buying process. They felt overwhelmed and ill-equipped to handle all of the new situations and major decisions they encountered.
If you’re going to buy a business, the old expression – “If you fail to prepare then be prepared to fail” – is so true.
The business you buy will determine your financial future: buy a good one and the rewards will be incredible! But don’t take anything for granted. You cannot guess your way to success. It takes “know how” to be successful in this endeavor. When you have the right information, it\’s easy to make good decisions. But without the knowledge, you’ll end up buying the wrong business!
Before you invest your savings to buy a business shouldn’t you first learn how to buy the right one?
Since the start of this year I have spoken with at least eight smart people that bought an Internet business.
Seven of the eight, after we discussed the business they bought, said “I wished I would have known that before buying this business“.
One Buyer had not included maintaining “back links” in his Purchase Agreement; and his visitor traffic dropped by almost 50%.
Another Buyer did not know to investigate for a dual AdWords account; meaning the advertising expense was substantially higher than anticipated for future growth. (The Seller did not feel it was a legitimate expense and had added it back as profits, as he had already paid to acquire those customers.)
The worst situation was a Buyer in Colorado who, after paying $50,000 to buy his Internet business, discovered all the books, records, traffic statistics were ALL bogus! He is still attempting to recover his money.
Buyer Advantage Service from Internet Business Guide
- Acquisition Search – To identify your ideal acquisition.
- Consulting Support – To assist with reviewing the target businesses and provide you an Opinion of Value. (The Opinion of Value utilizes a proven methodology, and sold comparables, to accurately price the business.)
- Negotiations – To assist in negotiating the terms of the sale. (This is the first experience for most Internet Business Buyers and typically they have a disadvantage when discussing the business with the seller. My background of 20 years online/Internet adds additional credibility and knowledge when negotiating with the seller of the business. Which often leads to a purchase price lower than the asking price.)
- Post Closing Review – During the purchase process I identify components of the acquired business that are yet to be optimized. Meaning your growth of the business can be quantified into action items. Many times small changes in an Internet Business can lead to double digit growth.
The fee for the above is $4,000 plus 2% of the purchase price over $100,000. $2,500 is paid upon the start of my service; with the balance paid at Closing. Payment is by wire transfer or credit card (PayPal).
Here is what a recent client said: “Nice to hear from you. 12 months ago I was sitting exactly where you are now so I know how that feels! Today I am sitting very happily with my Internet business which is delivering my material needs and the ultimate in freedom to match. Don\’s assistance was a big factor in getting me to this place.
Like you, I had very limited experience in this market and was overwhelmed by the volume of listings and amount of jargon there is to learn. Another big factor for me that you haven\’t mentioned specifically is the fraud risk. Fraud within Internet business listings is widespread and I can say without an exaggeration that Don would have saved me at least $100,000 on businesses that looked very attractive to me (and others) but turned out to be highly sophisticated frauds.
The good news is that there are definitely businesses out there in your price range that precisely fit your criteria. It really is the ultimate lifestyle option.
Don has been outstanding to deal with. I am a very fussy buyer (ex attorney I’m afraid) and it took me a long time to find exactly what I wanted but Don supported me through it all putting up with the high number of businesses that I would consider, commence due diligence and then discard for whatever reason. Along the way, I have received a lifetime of education in this market through his advice and guidance and consider myself to now be a sophisticated internet business owner.
Even so, if when I buy another internet business I will certainly use Don. I guess that sums it all up right there.
Best wishes on your journey. One final bit of advice – don\’t give up. There is always another opportunity right around the next corner if the one in front of you does not suit for whatever reason.”
Regards Matt, New Zealand
Contact Internet Business Broker Don Janke. With over 20 years Online/Internet experience I can guide you to your ideal acquisition to make money online!
Don,
I am intrigued by your Buyer Advantage Service and would like to learn more. Do you have any more information you can send me? My company (www.JamesPublishing.com) has made two seven-figure acquisitions in the last three years, but we have limited experience investigating internet companies.
Our preferences are: B2B, minimum revenues $500,000, relocatable, some substance (not a drop shipper) or something proprietary, ebitda over 20%, and no games played with the financials (my favorite: “those are our projected results”).
Jim Pawell
First, after reading the “review” that Mr. Janke inserted into the website. I would have first suggested that he had done some correct research before posting untrue comments. He states that the site cannot be hosted with Yahoo! but in fact you can verify this by checking the whois record. Near the bottom of the WhoIs record it will plainly state:
Name Servers:
yns1.yahoo.com
yns2.yahoo.com
Additionally, the website does not sell PPC targeted traffic, the site is simply a traffic reseller of targeted traffic supplied by a traffic wholesaler. As far as we know, Mr. Janke didn’t even take five minutes to first consult before posting his “professional” opinion.
Also, the website was registered in 2006 but was allowed to expire in November of last year. The registrar has up to thirty days to re-register the domain before losing it but it will list the newest registration date.
Again, Mr. Janke should have inquired before jumping the gun….which I assume is all done so he can collect his $4,000 “consultation” fee.
Please go here to see his “fees” for his “expert” consultation’s:
http://www.internetbizhelper.com/best-business-buy/
Scroll down to the center of the page and you will see:
“The fee for the above is $4,000 PLUS 2% of the purchase price over $100,000. $2,500 is paid upon the start of my service; with the balance paid at Closing. Payment is by wire transfer or credit card (PayPal).”
NOW…he gets $4,000 PLUS 2% of the purchase price….so if a business sold for $1,000.000 he would get $4,000 PLUS an additional $20,000(.002 X 1,OOO,000)!!! AND thats for just ONE transaction……nice!!
Now THAT should put up red flags more than anything else….he probably scans the “businesses for sale” sites, writes negative material about them and then tries to sell his “consultation” services…..the classic “bait & hook”!!
That’s what I think and will be posting on the internet.
Thank you for notifying us of this and this will be put in front of our attorney for possible action for “loss of sale” recovery.
The commenter immediately above is referring to the post:
Guaranteed Web Traffic Business For Sale
?
Update: I received this email from a Yomi over the weekend.
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Hi Mr Janke,
I just read your article about Toptrafficsource.com. I am afraid I’ve been scammed( $7000.00) by the seller of the website named Daniele Sorres.
I need your legal help and advice about this matter,I wanted my money back.First, I made a deposit of $1500.00 and another $5500.00 last week 08/27/10 ever since then,I haven’t heard nothing, I left several messages- emails and phone calls,and fax, no response from Daniele Sorres.
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I decided to see what I can do to locate this alleged fraudster, Steven/Danielle/other AKA (see comment 3 above).
First, he, or she, must be located in the real world. First piece of information is “Steven” accesses the Internet with a mobile connection from Verizon. Whois information shows Texas, but that is highly unlikely. His/her office is probably a Starbucks.
It is unfortunate that Yomi did not read my posting on this listing, (or take advantage of Internet Business Guide buyer services), before paying out $7,000. Original Post of Listing
One more tip. It appears that toptrafficsource.com uses Yahoo checkout. If so, you may be able to obtain the seller’s “real name” by filing a complaint with Yahoo. This will not be easy, but could result in a real name to track down. Without the real name your chances of getting back your $7,000 is pretty much nil.
Also, if this alleged fraud was done on you, it is most likely this specific alleged fraudster is simultaneously working on other unsuspecting buyers; offering the buyers the same business.
In doing a bit more checking this alleged fraud is being well concealed to other buyers. The model of a low price for “so much cash flow” with only a downpayment has been quite common for about two years.
Read more: When Puffing Turns Internet Scam & Becomes Internet Fraud It seems to be a scam specific to Russian fraudsters.
Update:
I sent the following today to the person who bought this site for $7,700.
Hi Yomi:
Regarding sufficient information to obtain a subpoena.
To Whom It May Concern:
I, Don Janke, am 22 years online/Internet and an expert in Internet businesses.
I have reviewed the information regarding the purchase by Yomi Alese of the website TopTrafficSource.Com.
My conclusion is that Mr. Alese was defrauded in this transaction.
This seller is traceable. He/she uses Yahoo! for hosting; and payments from clients can be traced to the bank account of the site owner. With information from Yahoo! this individual can be traced a real person.
Sincerely,
Don Janke, Internet Business Guide – 20 years online/Internet
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I have not charged any fees to Yomi. If you feel you have been defrauded with an Internet business purchase leave your comment below. Frauds and scams for buying an Internet business reached a new all time high in 2009; and it continues into 2010.