Essay Color Key

Free Essays
Unrated Essays
Better Essays
Stronger Essays
Powerful Essays
Term Papers
Research Papers




Advantages of Buying an Existing Website

Rate This Paper:

Length: 492 words (1.4 double-spaced pages)
Rating: Red (FREE)      
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Advantages of Buying an Existing Website

Reprinted with permission of VotanWeb.com

With any new website you have two challenges: developing the product or service and then seeing what if anything, people are willing to pay you for it.

Regardless of a website's past performance, an existing website will, at the very least, have a history from which you will be able to make certain decisions. Even if the website was not profitable in the past, your strengths may lend themselves perfectly to turning it into a viable venture. Furthermore, you have the ability to verify what the website did in the past that resulted in the current status of the operation.

Pros:
The website is 'up and running' already.
It is likely to have an existing client base.
The previous website owners are likely to lend support and goodwill.
There is a tried and tested website formula to emulate.
The website can be sold on by yourself.
Generally more chance of success than starting a similar website from scratch.

Cons:
A large investment is often required,
Website transfer costs i.e. lawyer, analysis, accountant etc..
A large amount of time required to research the opportunities available.

Ease of Investigation
In order to buy the right website, you will be required to do a thorough investigation of its past activities, its operations, its current status, the competition, the industry and its future potential. You will accumulate this information and then you will have to determine how it measures up with you at the helm. Clearly, this information gathering will be substantially more accurate and easier to obtain when dealing with an existing website, as you will have the resources available from which to get the details.

Infrastructure
You will have the benefit of purchasing a website that has an infrastructure including customers, suppliers, servers, and systems. This will allow you to focus on building the business as opposed to a start up or new website where everything begins at ground zero.

Purchase Price Differences
Buying an existing website does not mean that it will cost you more. In fact, many times it's less expensive than launching a new website. Even in those cases where it may require a premium, at least you know what you are getting if you investigate it properly. A new website will require a whole series of studies that will indicate that "theoretically' the website should do well. However, the only thing the studies cannot guarantee is whether or not you will be successful. Also, complex website can take many months to build. You can avoid all of this when buying a website.

Flexibility in Negotiating
You will have far more flexibility when negotiating the purchase of an existing website versus any other options available; it's not even close! Everything from the purchase price to financing is open to negotiation. Doesn't it make more sense to put yourself into an environment where you have the greatest number of options available?

How to Cite this Page

MLA Citation:
"Advantages of Buying an Existing Website." 123HelpMe.com. 23 Nov 2014
    <http://www.123HelpMe.com/view.asp?id=8940>.




Related Searches





Important Note: If you'd like to save a copy of the paper on your computer, you can COPY and PASTE it into your word processor. Please, follow these steps to do that in Windows:

1. Select the text of the paper with the mouse and press Ctrl+C.
2. Open your word processor and press Ctrl+V.

Company's Liability

123HelpMe.com (the "Web Site") is produced by the "Company". The contents of this Web Site, such as text, graphics, images, audio, video and all other material ("Material"), are protected by copyright under both United States and foreign laws. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Material or about the results to be obtained from using the Material. You expressly agree that any use of the Material is entirely at your own risk. Most of the Material on the Web Site is provided and maintained by third parties. This third party Material may not be screened by the Company prior to its inclusion on the Web Site. You expressly agree that the Company is not liable or responsible for any defamatory, offensive, or illegal conduct of other subscribers or third parties.

The Materials are provided on an as-is basis without warranty express or implied. The Company and its suppliers and affiliates disclaim all warranties, including the warranty of non-infringement of proprietary or third party rights, and the warranty of fitness for a particular purpose. The Company and its suppliers make no warranties as to the accuracy, reliability, completeness, or timeliness of the material, services, text, graphics and links.

For a complete statement of the Terms of Service, please see our website. By obtaining these materials you agree to abide by the terms herein, by our Terms of Service as posted on the website and any and all alterations, revisions and amendments thereto.



Return to 123HelpMe.com

Copyright © 2000-2014 123HelpMe.com. All rights reserved. Terms of Service