Be Careful When You Sell an Existing eBusiness
Reprinted with permission of VotanWeb.com
You should never provide a potential buyer with sketchy or incomplete information – after that you’ll play catch up the entire time and the buyer will most likely lose trust in you. Once trust is lost, it is seldom regained.
It is not wise to assume you will sell your website fast, for all cash and for full price. Plan on being flexible somewhere and also plan on negotiating with any serious buyer.
Don’t believe your own hype – a serious buyer certainly will not. Don’t waste your breath telling a buyer a website could be worth millions in a short period of time. Most serious website buyers will not pay for promise – unless their analysis indicates promise.
It is self-defeating to believe that every piece of information you have is priceless and can’t be shared. If you will not share information then you will not sell your website.
Of course, you should not share any information that truly is valuable until you have a serious buyer that can buy, has signed an NDA, and is moving forward with the purchase.
Never waste your time with buyers that waste yours.
For larger transactions, it is unwise to assume you will be able to handle all facets of the sale by yourself. The money you spend on attorneys and accountants could save you much more.
Never turn over control to the buyer until you have signed contracts and the money in your account. You will need to use an escrow service to hold the website along with the buyer’s money while the transaction is in process.
Don’t attempt to sell multiple copies of the same website under different domain names. You will find that all the money you earn will be spent on legal fees defending yourself from unhappy buyers.
Zak, L. (2009, 04). Not all's fair in love of chocolate. Food Magazine, Retrieved from http://search.proquest.com/docview/198287549?accountid=12964
First, let’s talk about how Groupon manages their customer and merchant relationships using information technology. Groupon is basically the middleman between merchants and customers. In the beginning, they bring customers in by marketing their deal of the day business. Once a customer is on their website it is hard not to leave from their without a deal. When joining the website, it asks you some questions to get to know your preferences and where you are located. After the customer signs up for the website, Groupon sends out emails to the subscribers. The emails are targeted to where that individual customer live...
In the 1960s through the 1970s, companies realized strong engineering, design, and manufacturing functions were strong market strategy keys to create and capture customer loyalty. As the demand for new products rose in the 1980s, these market requirements were to increase their flexibility and responsiveness to adapt existing products and processes or to develop new ones in order to meet customer needs. As manufacturing improved in the 1990s, managers began noticing material and service inputs involving suppliers and their major impact on an organization’s ability to meet customer needs. As a result of these changes, organizations now find that it difficult to manage their own organizations. First, they must be involved in the management of their network of all upstream firms that provide directly or indirectly, as well as the network of downstream firms, which are responsible for delivery and market service of the product to the end customer. In order to succeed, managers have to realize that they cannot do it alone and they must work together on a daily basis with the whole organizations in their supply chains. Because supply chain management involves all functions within an organization, managers need to know what a supply chain is, why it is important, and the impact of supply chain management on the success and profitability of their organization. Today, Wal-Mart topped the list of the America’s biggest companies on the Fortune 500 list, “with sales of almost $345 billion — more than a quarter of a trillion dollars” (Forbs). Wal-Mart’s supply chain management is becoming recognized as a core competitive strategy.
secretive as the business itself. That is why I am motivated to go into an
Bensick, Carol. “His Folly, Her Weakness: Demystified Adultery in The Scarlet Letter.” New Essays on The Scarlet Letter. Ed. Michael J. Colacurcio. Cambridge: Cambridge University Press, 1985. 137-159. Print.
which would be a separate site through eBay, similar to eBay Motors. By creating eBay
Not all of the information pertaining to your company can be considered a trade secret. Trade secrets generally are information that you reasonably want to remain confidential and is valuable because of its confidential nature. Trade secrets can also provide the owner of it with a competitive advantage in the marketplace. Another way to look
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
A franchise sometimes involves signing two agreements, a purchase agreement and the franchise agreement itself. The purchase agreement is a short document simply stating that, subject to a suitable site being found, the franchisee will enter into the contract set out in the franchise agreement provided, of course, that the franchisee has read and approved the franchise agreement within a reasonable time. Having accepted this condition the franchisee pays the franchisor a deposit which forms part of the initial fee. The search for a suitable site as well as associated research into planning, permitting, viability of the site, etc. can begin. If no suitable site is found, the deposit is usually returned. However, if the franchisee rejects the site or changes his/her mind about the franchise, the deposit is usually forfeited.
Stout, Kay. "The battle of full disclosure on Facebook, Twitter, LinkedIn, Plaxo, Orkut et al." Another Point of View. N.p., 20 Nov 2009. Web. 1 Apr. 2014. .
Having a website is a necessity nowadays, especially for people who are in business. Having a website helps promote your company’s services, for consumers to view and research your products easily, and also because internet is universal, people worldwide could purchase your products. Aside from business purposes, a website could also be built for personal use. If you’re into blogging, you can have your own site to express everything you want or feel; a website could also be used to inform people. Due to technology’s fast evolution, creating a website is now a very simple task even for those who have no background in web designing, all you need is a working computer and an internet connection and you’re ready to create your very own site!
The kind of information I will explore is the knowledge of a specific news or event derived from study, experience or instruction(Webster 1993). This type of information is not something everyone can have access to. This information can separate the successful companies from the one¹s struggling to survive. This information is valuable, and can be bought, sold traded and even stolen. It can be the most important asset a company owns.
So, it is important to make your business easily accessible through a website where you can put all the details about your business and the services and/or products you offer to your consumers.
The terms e-business and e-commerce are closely related but have some elements of differences between them.
This paper includes the process of online business; how to sell a product, advertising, various ways to create awareness and how to become a reseller. Laws and conditions for an online business.