Showing posts with label purchase website. Show all posts
Showing posts with label purchase website. Show all posts

Sep 14, 2007

Dangers of international site purchase



Since my previous post about owning a website over the internet, I have been seeing a shift in the growing number of people eyeballing the endless possibilities of the internet in recent months. With the internet still having plenty of unexplored possibilities, it is also a growing haven for the amount of scams. Since everything about owning a piece of web is still relatively new, it is also a place very vulnerable to scams as well.

I myself will step up and say that I had almost became one of the victims and I am glad that the whole crazy merry go round is finally coming to a close with minimal loss. It was a very clear lesson to me and I felt it was important to share with all of my readers as well. Yes, I have been gone for sometime from the blog world but throughout the past month I have really learned a lot about owning a piece of web. Personally I haven't found much information about it throughout the web and I learned it the hard way. For you guys, you are more fortunate because here's a post for all the people looking for some advice on this topic from my personal experience.

Without further due, let's jump into the lesson. Remember my previous post about how to purchase a website? If you haven't, here's the post. So you have done all the preventive measures before buying a site, now does the geographic region of the site has anything to do with the results?

Sure it does! Not only does it have to do with the result of the website itself, it is the very heart for any possible expansion as well. Let's say you live in the US and you are looking into buying a website that is related to shoes located in Asia which claims to make a lot of money per month through different avenues of advertising and let's say in all the best case scenarios that they are all true, what will happen after you purchase the site? With all the right tools, of course you can promote to the same audience. But what if there are changes in habit on the visitors demographically that are coming to your site? You and I are most likely not be familiar with the changes and even if we hear about it here in the US of things happening in Asia it is also hard to comprehend with a mind of an American. This is just one of the many realistic scenarios that you have to think about prior, in consideration to value a site of its or worth. On sites that are purchased internationally, you are also heavily reliant on the original owner of the site in terms of providing accurate maintenance and promotional strategy.

Personally I have found international communications to be fairly difficult even though most of the time we are speaking in English. The phrases and understanding is usually different and this can cause many unnecessary miscommunication or misunderstanding in many cases. It is also important also consider the problem in the aspect of support as well. What if the support from the seller drops or the fact that he or she decides to terminate any communications with you, "the buyer" what type of laws are there governing that? Like international crime and scams with lotto, cases like these are very difficult for the police to track down because most instances people provide fake names or addresses.

Lastly, within its transition in payment and domain. Again, all it takes is one party to not have merit than the other party is in deep trouble. Not only is the wire none refundable, if legal disputes arise the police is most likely not going to have power to do much. After all, it's not just a local case but an international case and any cases revolve internationally requires both police force to cooperate with each other.

Unless you have a good understanding of the backgrounds of countries which the site originate as well as how to grow it with the local audience, I would not recommend buying sites internationally. Any site purchased whether it's locally or internationally requires a lot of thought placed before making a final decision. Sure there are sites that are definitely attractive and well maintained from different countries, be sure to consider its potential consequences before making the right decision for yourself. Owning a site requires a lot of care and attention, without them it is like any business without traffic people and it will eventually die out. Making money smart comes with first making the right decision, remember that! -Swapw



Jun 17, 2007

The basics on how to purchase a web site




* Intro to how to purchase a web site (0:00 - 0:18)

* Experiences from myself (0:19 - 0:58)

* What to look for (0:59 - 2:35)

* My personal advise (2:36 - 4:00)

* Asking questions (4:01 - 4:27)

* Wrap up (4:28 - 4:44)

I have been thinking about a possible purchase of another web site for sometime now and after an extensive research on my own I have realized that there are not just a small market but a tremendous amount of scams out there. The ironic thing about it was that people were rushing into it and purchasing it like flies without knowing the basics of the "how to's" in diagnosing from a bargain into a scam. Therefore I thought I put up a video on the how to's on purchasing a web site through my video.

There are many reasons why someone like you and I would want to purchase a web site. Whether it is to dissect the web site, investment, or a possible venture, it is very important to look at several crucial areas about the web site before making a move. If you are too lazy to watch the video, here's kind of my take on purchasing a web site and where to really watch out when you are considering a purchase.

1. Examine the amount of visitors - Ask for screen shots, proof, do a Alexa check on the web site, and check the inbound links into the web site. Is it a few? A lot? Mixed?

2. Ownership - Is this web site owned by the seller? Is it constructed and coded by the seller? Does the web site have reseller rights? Was this web site transacted from another person beforehand and if so, who?

3. Coding - How is the web site being coded? Is this code being given to you? Does the owner own or coded itself?

4. Server requirements - What is the bandwith, storage space that is needed for the web site? Is there a specific amount of ram, storage space that is required for optimization?

5. SEO - Has this web site been optimized beforehand? Is the web site ranked? What type of optimization has it been done? White hat? Black hat? etc.

6. Revenue - How is the web site raking its profits? What type of source and what would be the 1-2-3 to maintain it at that level? What is the general requirement in time to invest into maintaining it? Are there any screen shots on the revenue? Is the revenue consistent or does it seem fishy?

7. Chargebacks -If you decided to give the web site back to the original owner within a few days after the purchase, how willing is the original seller help amend the transaction? How much would the fee cost?

8. The reasons for selling - Always ask for the reason behind the sell of the web site. Is it because it is a product going obsolete? Is it because that the traffic is going down to the tubes? Etc.

9. Support - How would the after service be and the amount of time afterwards? A week? A month? Etc.

10. Additional questions - Ask as many questions as you like and don't be shy. Remember, anything that looks fishy should always signal a red flag and proceed it with caution.

-Swapw
"Making money smart"