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Safest way to buy/sell a website?

Discussion in 'General Business' started by carjamlangley, Aug 3, 2006.

  1. #1
    PLEASE tell me how you all protect yourselves when you buy or when you sell your websites.

    Buyers want "proof of revenue" but I truly doubt screenshots really mean anything. Seems like anyone proficient in Photoshop could come up with a great looking screenshot.

    Sellers can get into trouble by assuming a paypal payment to be gold, and from what I understand the process at escrow.com doesn't really protect the seller either.

    The best method I can figure is to trust the reputation that people gain from from being active on the webmaster forums, like NamePros and SitePoint, etc. But even that isn't foolproof...I suppose someone could make little transactions to get a good name then make big money by selling junk for a lot of dough, then jump ship from there.

    I've come to the point of either looking for some kind of super web expert/lawyer guy (do you know of any?) or only spending what I can afford to loose.

    What is the real proof? How do you guys do this without getting screwed???
     
    carjamlangley, Aug 3, 2006 IP
  2. kemkeris

    kemkeris Peon

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    #2
    I was ganked by some dude who sold me a pr3 site that was registered in India (from this board) and the only form of payment to renew it was by mail!! So i lost the site a few weeks after I had paid $25 for it.
     
    kemkeris, Aug 3, 2006 IP
  3. kemkeris

    kemkeris Peon

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    #3
    I think the best way to buy or sell a site is to at least talk to the person over the phone, that way you have a traceable number incase you have to sue
     
    kemkeris, Aug 3, 2006 IP
  4. Sacredhoops

    Sacredhoops Well-Known Member

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    #4
    Hey I had problems as well!! I owned this one site for about three months and then it was stolen from me! It was very very frustrating!!
     
    Sacredhoops, Aug 4, 2006 IP
  5. P8ntballer

    P8ntballer Peon

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    #5
    The phone is a good way get there address so if they rip you off you kick there ass ;)
     
    P8ntballer, Aug 4, 2006 IP
  6. Sacredhoops

    Sacredhoops Well-Known Member

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    #6
    I which I would have known that before...but yes that's very good advice. But, what if it's just a cell phone number or something. Is there anything else you could get from them?
     
    Sacredhoops, Aug 4, 2006 IP
  7. etechsupport

    etechsupport Peon

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    #7
    etechsupport, Aug 4, 2006 IP
  8. brandnewx

    brandnewx Peon

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    #8
    Damn good questions for newbie like me.

    Phone each other seems like a good idea. But i can use Gizmo or Skype, you know, to fake the number. There're services that spoof Caller ID as well. And, mobile phone number is easily bought anonymously to make call. There's no way to trace who's behind mobile phone in some countries.

    How about webcam? You'll see who you are talking too.
     
    brandnewx, Aug 6, 2006 IP
  9. EduOrg

    EduOrg Active Member

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    #9
    If you're talking about a website / web business (not just a domain name), I would not buy anything for under $2K because it's a loosing proposition to begin with. When you are at the $XXXX or above level, you can afford to hire an attorney (lawfirm) to handle the transaction and be an escrow fiduciary to protect both parties. These services usually cost about $750+ (e.g. 3 hr @ $250/hr), and would only make sense for more expensive websites.
     
    EduOrg, Aug 6, 2006 IP
  10. carjamlangley

    carjamlangley Guest

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    #10
    I have come to the conclusion that, after doing due diligence, it has to ultimately be based on gut feeling. Do you trust this person? If you say to yourself, "I don't know, I don't know this person", then you are risking a lot to go through with your transaction.

    I believe that if the seller is not willing to spend the time with the buyer on the phone discussing both business and off topic stuff then the seller doesn't really want to sell anything and it is not worth the risk. Another way of feeling like you know the seller is by checking his/her online reputation in the webmaster forums, and reading his/her past posts.
     
    carjamlangley, Aug 8, 2006 IP
  11. HideIp

    HideIp Active Member

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    #11
    In the process of selling my first site ever. Thanks for the good info
     
    HideIp, Aug 8, 2006 IP
  12. wiscrown

    wiscrown Peon

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    #12
    Use a site like Fippa.com to buy and sell sites safely. They verify sellers and have systems in place to help prevent fraud, you could also use an escrow company to ensure a good transaction.
     
    wiscrown, May 13, 2010 IP
  13. Kevin.Douglas

    Kevin.Douglas Peon

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    #13
    I too suggest using a site like Flippa. I have used Flippa without any problems. I've read good and bad reviews about the site, but it's been nothing but good for me.
     
    Kevin.Douglas, May 13, 2010 IP
  14. wiscrown

    wiscrown Peon

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    #14
    K, a bit more detail.

    Make a video of revenue to help give more confidence to buyer that it's not faked or photo shopped.

    Flippa has a rating system to show who are good. You could look to see if a buyer has bought more than a few websites already.

    You could use a service to sell your site, they could handle everything from beginning to the end. They know who are good buyers and sellers.

    Checkout http://www.sellyoursiteformore.com Currently it's sold out but you could get on the waiting list and plus they have a service that can
    sell your site for you. That may take some of the stress out it for you.

    wiscrown
     
    Last edited: May 14, 2010
    wiscrown, May 14, 2010 IP
  15. spacky

    spacky Peon

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    #15
    I think DigitalPoint works better than Flippa.
     
    spacky, May 14, 2010 IP
  16. wiscrown

    wiscrown Peon

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    #16
    To be frank I have no experience selling or buying websites on Digitalpoint.
     
    wiscrown, May 14, 2010 IP
  17. yyz9

    yyz9 Peon

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    #17
    I have used sedo.com in the past and they have a good escrow system as well
     
    yyz9, May 14, 2010 IP
  18. Melissa_K

    Melissa_K Peon

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    #18
    a lot of things are made in China.I work for the site www 228trade com which sells replica brand apparel and fashion accesories.People keep criticising about the knock offs made in China.But I gotta say,they are really cheap but super quality replicas.And don't forget they are sold to countries out of China.Lot's of people like to buy them,because they are cheap and look and feel authentic.Where there's demand,there's supply.No that buyers and sellers don’t know it’s illegal,but they need it,and we’d love to be of any help.
     
    Melissa_K, May 14, 2010 IP
  19. jump32

    jump32 Peon

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    #19
    Hands down, I suggest using flippa. It seems to be the safest.
     
    jump32, May 14, 2010 IP
  20. kyaizen

    kyaizen Peon

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    #20
    Yes, I usually pick the phone up and call the seller. If he's the shady kind, he probably won't pick up the call...

    Anyways, for value less than a grand usually I'd just go for it.
     
    kyaizen, May 15, 2010 IP