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    1. WheresAnnie is offline

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      #1

      Can Somebody Give Tips on Buying an EBay Business That Already Exists?

      Hi friends, I’m planning to buy an established eBay business. Can somebody give some tips on how to buy an eBay business website? Thanks all!
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    2. Bluewonder is offline

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      #2
      I think it’s very difficult to find an established eBay business for sale that could get you good returns. I figure it this way: If a business is doing well, why would the owner sell it? You might say that he or she doesn’t have time, but I think instead of selling a profitable business, you would hire someone to run it. So, the chances of getting an eBay business that’s doing really well is next to impossible.

      Having said that, I don’t want to disappoint you. If you’ve found some great eBay business for sale, here are some dos and don’ts for you.

      1. Don’t trust any sales and profit figures blindly. Most eBay business website owners exaggerate these figures for selling fast and at high prices. Always do a background check on the website. Check its traffic through tools like Google analytics and ask the owner to give proof of website’s earnings. Paypal and eBay sales reports could be used to justify earning claims.

      2. Ask the seller how much he’s spending on advertising. Sometimes aggressive advertising increases the earnings of an eBay shop for a while but reduces the profits. Website owners often use this type of strategy just before selling their websites. So, go through the revenues and profits carefully at least for the last 6 months.

      3. Check the ranking of the eBay shop on search engines. Sometimes owners claim that the website is high ranking, but it’s important to know what keywords this applies to. Are those keywords appropriate and useful for your business?

      4. Find out the reasons the website is for sale. Ask why seller is interested in selling his profitable and well-established eBay business.

      5. Ask the seller the worth of his stock. The seller may be holding stock that he will send you if you buy his business. Therefore, it’s important to gather all the information about the stock.

      6. Check how much profit you could earn.
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    3. Thank you for this post:

      WholesaleForum (21 Nov 2010)

    4. Ocean_pac is offline

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      #3
      Thanks for your excellent tips.

      Most eBay businesses available for sale are junk. They usually are nonprofitable businesses that are not making any money, and so their owners are trying to recover some of their losses by selling.

    5. Christy1578 is offline

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      #4
      Remember that there’s a difference between profitable and potentially profitable. Most businesses on sale are only potentially profitable and that too from the seller’s point of view.

    6. Jamesred is offline

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      #5
      Sorry, but I beg to disagree with you. If you’re lucky, you could get an excellent eBay business on sale. Sometimes, due to relocation or need of money, people sell their profitable businesses.

      Buying such a business saves you from the efforts of establishing a new business.

      But, of course you need to be cautious when making the deal. A profitable eBay business is not something you get every day. You need to evaluate the deal before making a decision.

    7. WheresAnnie is offline

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      #6
      How do you determine the worth of an eBay business on sale?

    8. Bluewonder is offline

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      #7
      This is the toughest part. You should check the balance sheet of the business. Find the worth of tangible and intangible assets. Tangible assets include things like inventory, while intangible assets include the reputation of the business and the relationships the business shares with its suppliers.

    9. Jamesred is offline

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      #8
      I’d say that you should consult a chartered accountant for this purpose. He will be able to study the financial health of the business and give you an idea of the fair worth of the business.

    10. Christy1578 is offline

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      #9
      If you’re buying a business that doesn’t belong to your niche, then you should find out if the business’s niche is profitable or not.

      Don’t merely buy a business because it’s available at great prices.

    11. Bluewonder is offline

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      #10
      Good point. If you buy something that doesn’t belong to your niche, you need to spend more time and money running and expanding that business.

      For example, if you’re currently selling electronics and you plan to buy an eBay shop that sells cosmetics, then it would be difficult to align your present advertising and marketing with that of the new business. This means that, if you buy a business belonging to different niche, you might have to bear higher promotional cost.

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