Points to Consider When You Buy or Sell Websites :: Sell Websites Buy Websites

Points to Consider When You Buy or Sell WebsitesReprinted with permission of VotanWeb.com Ive worked with many an(prenominal) website sellers and many more potential website buyers over the years. I strongly believe that the best way for an entrepreneur to successfully get into an online business, or expand what they already have, is to buy an existing profitable website. To help those who atomic number 18 considering buying or selling a website, I offer the following overview of what I think are the most important issues when buying or selling a website. These have been excerpted in part from my book, How to Get Top Dollar for Your Website. Lawyers Can Kill any(prenominal) Deal There certainly is an important role for a competent commercial equity attorney to advise and prepare the legal structure of a website purchase and sale transaction. The problems arise when lawyers see themselves as business negotiators whose mission is to get the best deal for their clients. They freque ntly forget that the best deal has to take away both parties, the buyer and the seller, and that compromise is usually the best solution. Lawyers generally have a very difficult time with compromise in this type of bunk because they often see their role as advising their clients on how to get the better deal. Usually, an attempt at a lopsided deal for either party forget result in no deal at all. Trust Only What You Can Verify As a matter of basic principle (and law in most States), all website brokers dealing with the public are bound to be honest and forthright in their conduct concerning the website that they represent for sale. But they alike have a fiduciary kind (position of trust) to uphold between themselves and their clients (the business seller, in most cases). They must present a business for sale in its best light without misrepresenting any significant facts but at the same time not pointing out all of the potential business pitfalls. This usually establishes an ad versarial relationship between the buyer and the broker as well as between the buyer and the seller. The best course of action for a buyer is to trust precisely what they can verify during a rigorous due diligence process and the best approach on the part of the seller/broker is full manifestation of all pertinent information. A Website Is Worth Only Whatever Someone Is Willing To Pay For It