It usually is!
As usual, Iâ€™m always on the look out for a bit of a business opportunity and when one appears I give it serious thought, so last week when I spotted a website for sale for Â£995 I asked for further details.
The website in question was an information site in many ways, with Google Adsense Ads, Amazon links and Clickbank linksâ€¦ Sounds just the sort of thing Iâ€™m interested in and when I found out it had been making close to Â£2000 in the last six Months that really grabbed my interest!
Iâ€™m the sort of person that likes to mitigate as much risk as possible, and having just read Theo Paphitis biography this week I was determined to make sure this was the right deal for me! A few questions later and the seller had produced me a nice little spreadsheet that suggested he had only ever spent Â£200 on advertisingâ€¦ Â£2000 in six months, Iâ€™m very interested â€“ so I asked him for some proof of those numbers.
At this time the price dropped to Â£695, great! I enquired about escrow and asked for the proofs I requiredâ€¦ The seller agreed to escrow payments and provided me with a Word document of his bank statement â€“ how very trusting.
I went a little further and did some research on the domain name, it appeared to only have been registered a month ago! The explanation for this was that he had just renewed itâ€¦ I hate to say it but owning a hosting company the alarm bells started to ring!
Iâ€™ve asked for screenshots of Google/Amazon or access to the account (Iâ€™d accept doing it over VNC or Netmeeting) itâ€™s not forthcoming, Iâ€™ve gone back to the bank statement this morning and noticed it includes very few other transactions than the one Iâ€™m interested in (does this guy spend no money?). The seller canâ€™t produce statistics on visitors for meâ€¦
Itâ€™s a shame as I was genuinely interested, and would have been interested if it was making a lot less tooâ€¦
(Oh and itâ€™s Â£500 now!)