David Newell: 9 Website Deal Killers
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Recently, I ran into one of these deal killers. The website owner did a shady thing–He did a marketing push as we were in negotiations and Escrow. I and my partners were buying the company, but allowing the seller to keep some ownership, so the seller’s marketing push eroded mine and my partner’s trust in our soon-to-be partner. We walked away from the deal. The seller lost $90,000 in cash trying to make a quick $5-10,000 on his business before finalizing the sale. Yep, I’m a business buying junkie. This article exposes some common “deal killers.” So, if you are considering buying a website, I would recommend it. It is the best investment one can buy.
FEinternational: David Newell is Brokerage Director at FE International. Starting out as an investment banker, he moved online to use his transaction experience for website brokerage. At FE, he spends his time speaking with buyers, executing deals and working on raising industry standards to encourage more investments. In 2014 he closed more than $6m in sales and wrote a book on buying internet businesses for investors new to the space
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