Need some help

**Jay Brass** · 12-24-2008 11:10 AM

I want to buy a site that nets over $6,500/month. It's for sale for only $29,500 and the down payment is $500. The seller agreed to have me pay 20% of the monthly income that I get from the site once I send the down payment. However, this is a large amount of money and I'm depending on the site's business to make my monthly payments. He wants me to sign a contract, which is understandable, but I'm not sure if it's a good idea for me to do or not. Could you suggest some things to remember and some things to want to have in the contract so it keeps me safe?

**Uta** · 12-27-2008 02:11 AM

Do you really want that website? It's too expensive if you use it to do small business. If big, You can think twice!

**Nucleus** · 12-27-2008 09:14 PM

That sounds like a pretty good deal that will put you in profit relatively quickly. Without knowing what the terms of his contract are for no one can give you any help. The fact that he wants you to sign a contract shouldn't be a concern as like you said it is for a lot of money. For $30,000 maybe you should get a lawyer if you're concerned about the terms.

**mthomas** · 12-28-2008 02:32 AM

Some questions to consider:
-How risky are the monthly 6500 profits...ie: is this a stable and steady flow of cash or does it vary?
-Why is this individual selling the site? Is it a legitimate reason?

**Jay Brass** · 12-29-2008 05:27 PM

Thank you everyone for the advice. And yes, I'll get a lawyer to look at the contract.

**rogercbryan** · 12-29-2008 07:23 PM

Why in the world would someone sell a site on these terms... well the answer is simple... the site will not maintain the sales... I've seem about 10 people buy sites like this.. I've yet to see one person make their money back.

The $500 deposit seems very low... and 20% of the monthly income seems very odd... the numbers dont make sense... I would stay away... but that's just me. Do you have an idea of what it will take to make the site profitable on a continued basis. Do you know how much time you will need to invest to keep it running. Do you know how much you will have to spend on advertising to keep the traffic up?

All of these questions are often over looked... then people buy a site... then they relize it takes more time then they have to keep it going.. they give up... you have a contract.. and you are stuck with the bill

**Jay Brass** · 12-31-2008 01:25 PM

Originally Posted by rogercbryan

Why in the world would someone sell a site on these terms... well the answer is simple... the site will not maintain the sales... I've seem about 10 people buy sites like this.. I've yet to see one person make their money back.

The $500 deposit seems very low... and 20% of the monthly income seems very odd... the numbers dont make sense... I would stay away... but that's just me. Do you have an idea of what it will take to make the site profitable on a continued basis. Do you know how much time you will need to invest to keep it running. Do you know how much you will have to spend on advertising to keep the traffic up?

All of these questions are often over looked... then people buy a site... then they relize it takes more time then they have to keep it going.. they give up... you have a contract.. and you are stuck with the bill

Thank you for bringing this to my attention Mr. Bryan. I did make the decision to not buy the site.