Leaving Corporate America to Buy a Website
Reprinted with permission of VotanWeb.com
As a Group Manager of VotanWeb, I receive a lot of email. One frequently asked question relates to making the transition from the corporate world to the entrepreneurial world of the internet.
Many people have always dreamed of owning a web site and finally they decide to move toward that dream. They wonder how much money they need to invest as well as how they can obtain financing to purchase an existing website. Often, they have plenty of experience and determination, but very little money.
I must make it very clear that it is rare for anyone to purchase a website without putting some of their own cash into it. Few website acquisitions are 100% financed. There is no free lunch. Any potential lender or investor will want to see that you are putting your own money into the website.
There are many sources of money to finance the purchase of a website. Many online entrepreneurs start with a second mortgage on a home, tapping into their existing equity. Others are successful starting with funds from friends or family members. This could be either a loan or an investment in return for a piece of the business. Either way, make certain that it's spelled out in writing and all parties understand what they're getting into.
The Small Business Administration is another possibility. Remember, the SBA does NOT lend money for people to buy websites. The SBA guarantees loans made by lenders, up to a certain amount, for small website acquisitions. There are both good and bad points to an SBA loan.
The good news is that there is money available; up to $1,300,000. The terms for repayment are favorable. When a website passes the SBA qualifications, you can be fairly confident that it is a solid website. If you do not have at least 25% equity in your home, you may not have to fully collateralize the loan. Typically, they will finance 70-80% of the deal.
It might be possible to secure seller financing if you've demonstrated some knowledge of the market and you can convince the website owner that you have a high probability of success. If you have risen up through the corporate ranks, then you have already demonstrated leadership skills. Investors look upon track records of leadership with approval.
provided which again help in sale of cars. Many of the car sellers provide the credit facilities which have made competition more. Seventy five of loans are indirect or even arranged by dealers. Therefore, they have two sets of customers one who actually buy cars and dealers
Research on Best Buy Co. The roots of Best Buy Co., Inc. can be traced back to St. Paul, Minnesota. This is where founder Richard Schulze opened the doors of his Sound of Music store in 1966. Understanding a demand for consumer audio components and systems in the St. Paul area, Schulze managed to provide a combination of great prices and excellent service, thus building a strong customer base, which quickly prompted an expansion into home appliances and video products. The eighties prompted change
overall progress within the Disney Consumer Products Division as other employees or stakeholders’ (other organizations that take interest in a company) opinions completely ignored and gone by the wayside. As a matter of fact, many of the corporate staff members leaving the company or filing lawsuits or complaints regarding Perlmutter was because of his horrible behavior. Perlmutters’ behavior caused such controversy and stirred up problems and created so much tension within the company. His horrid behavior
being sent almost every second of everyday in America. This message will be the message that they will believe in when they reach adulthood and the affect of this will be grave. Kids are bombarded with advertisements from every possible source: billboards, posters, TV commercials, websites, movies, radio, and more. Today children are able to distinguish brands as young as preschool age. Studies have shown that six-month old babies can visualize corporate logos and mascots while the average three year
disillusioning as a crisis of faith. It is a gut-wrenching, world-warping realization that sets in slowly with increasing pain. But like an ice cube thawing in your hand, the agony yields to absolute numbness. For me, this tribulation set in after leaving my Christian community of ten years. When I started attending an out-of-state, Christian liberal arts school, Wheaton College, I was surprised to discover—in place of the diverse body of competing doctrines and life experiences that I had anticipated—a
a product that he produces. And there are also multiple websites I discovered that offered plenty of information regarding my topic. Hopefully, my findings will help enlighten others searching for conflict free diamonds. Findings A brief history of the Democratic Republic of Congo. Christopher Mullins offers a history of every major power to be in control of the Congo in his article “Gold, diamonds and blood: International state-corporate crime in the Democratic Republic of the Congo.” Colonized
auctioning sites such as E-Bay and U-Bid. However, E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on-line services like America online, and on-line billing that automatically pays specified bills each month so you don’t have to mail a check. E-commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between accounts
Fiji was “founded in 1996 out of the desire to share the earth’s finest water with the world” (Fiji, n.d). Its water is being exported from the Fiji islands around the world across fifty countries and the United States. According to the company’s website, their water is “slowly filtered by volcanic rock [where] it gathers minerals and electrolytes that create Fiji’s soft, smooth taste.” Although they say their water comes from this exclusive source, “the manufacturing process is energy-intensive
Paying close attention to what download is needed for because carelessly downloading e-mail attachments or other programs can bypass the anti-virus software. Turning off computer after using is a vital for protection from hackers. Leaving the computer on or unattended helps hackers to gain access into the system. Securing the home Wi-Fi and frequently changing password and security questions of accounts will help to protect personal data from hackers. Safe web surfing is also important
statement and objectives Vision……………p.3 Boeing- Airbus market share …………………………………………………..p.4 2. SITUATION ANALYSIS…………………………………………….p. 5 to 10 PEST analysis…………………………………………………………………..…p.5 SWOT analysis ……………………………………………………………………p.7 Boeing Corporate Culture………………..………………………………….…p.10 3. THE BOEING COMPANY MARKETING POLICY………………p.11 to 30 Segmentation…………………………………………………………………..…..p.11 Boeing’s Positioning and Targeting Strategy………………………….…….p.12 Buyer behaviour……………………………………………………………
Obama’s use of interaction via social media showed the importance of using the audience to your advantage. He gained supporters in a new way that his competitors had yet to tap into and shown how powerful online campaigning can be. Obama positioned himself to personable and down to earth by making his fans feel that they were on a “first name basis” with him. He met his audience on their level and made them committed fans of his campaign and his message. The online interaction by answering fan mail
innovative benefit plan will help to attract high potential candidates and also retain them within the organization. McKeown, J. (2002) states that, “Effective retention begins before the hire- in tour recruitment literature, of course, but also in corporate and product literature, advertisements (for recruitment and for sales), press releases, product branding, company image, management reputation, and a myriad of other messages that your organization puts out into the marketplace about what it is,
paper ... ...panies to lose not only their best employees-their human capital-but also the consumers who buy their products. Employees displaced by foreigners and left unemployed or in lower paid work have a reduced presence in the consumer market. They provide fewer retirement savings for new investment” (Roberts, 2013). This is an excellent point Dr. Roberts has presented. Today’s corporate greed is not prepared to deal with tomorrow’s consequences from their actions. People who lose their jobs
usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of
What are the elements of a good online retailing (e-tailing) website? Give examples, including the web address of a firm's website that you feel uses these elements successfully The online stores are nothing but an extension of retailing. In net terminology it is known as E-tailing. If you go by definition, it is “E-tailing refers to retailing over the internet. Thus an e-tailor is a B2C business that executes a transaction with the final consumer. E-tailors can be pure play businesses like Amazon