Internet Business Guide

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!