How to Buy a Website - The Process
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The order to obtaining a website is find the website, negotiate the terms, and then transfer the components of the website. This is not done over night, a buyer should take time to find a website that fits into their niche and then to evaluate the website to determine its value.
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The process of buying a website includes finding the website, negotiating the terms, and the transfer of the website. The process is not done over night, taking time to find a website that fits into your specific niche and then to evaluate the website to determine its value will return its own rewards.
Finding The Website
Put the word out to friends and family you are in the market for a website and be specific as to the niche and size of a website you are looking for. The word will spread. Flippa.com or website brokers.com are two popular sites on the internet to find websites for sale. Web masters are another good source, if they have a client looking to sell a website or they may have a turnkey website for the niche you are looking for. Once the website is located do an evaluation of the site to see exactly what is being purchased for the price.
Negotiating Terms
Once the website has been found contact the owner and negotiate price and terms. The initial negotiation can be done with a verbal agreement. But make sure that the seller is willing to have a written agreement with all of the terms and conditions specified with all money deposited with an escrow company. This way the specifics of the transaction will be in the contract clearly stating the agreement regarding the sale. This will protect both the seller and the buyer. The contents of the agreement should contain a date of transfer with an outline of the components of the website to be transferred. Also the name of the selected escrow company. The terms and conditions will be the instructions to the escrow company.
Choosing an online escrow company will add security to the transaction. With an independent company holding the funds until all parts of the written agreement are executed there is a degree of assurance for a safe transaction. The fees an online escrow company charge are very reasonable. Consultation with an attorney to review the agreement or even write the agreement will add further protection.
The Transfer
The more precise the agreement, the less complicated the transfer will be. When purchasing a website keep the existing hosting company at least until the current payment of the hosting fees have expired. After obtaining possession of the website you can look for another hosting company if necessary. The transfer must include the domain name and all of the pages connected to the domain name. Include the files of the webmaster related to the creation of the pages of website. Plus any articles that have helped to create the sight or just hire the webmaster. When hard goods, E-goods or any products are sold on the sight, arrangements of transfer of the products should be completed before money is released to the seller from the escrow. it will be the buyers responsibility to set up or transfer into their name a shopping cart and merchant account when hard goods, E-goods or an E-service is being provided. The buyer will set up or transfer affiliate arrangements and advertising agreements that exist with the existing website owner.
Once everything has been transferred to the buyer with the buyers satisfaction the money being held by the escrow company is released to the seller. An agreement in writing along with an escrow removes the question marks created by unspoken words.
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