If you peruse Ebay a lot, you’ll see a lot of members selling website businesses. Often advertising these as “Turnkey”, they claim that the site has been making X dollars a month for the past X months. The businesses include expired domain name searches, online auction sites, credit repair sites, dating and adult sites, etc. Take a look at the current bids or prices – $1.99? What gives? If this site is making money, why would they want to sell it??? Here are some tips to help avoid buying a waste of time.
Take a look at the domain name. Do a Google search for it. Does it show up? Keep in mind how long the seller claims the site has been in business. Go to Internic and do a Whois on the domain name…how long has it existed? Chances are less than a month.
Are there any bids on it? the number of bids is generally a good indicator on how legit this “business” is. If there’s only 25 minutes left on the auction, and there is one bid for a very low dollar amount, this one’s most likely a dog. If it is down to 25 minutes and there are 60 bids on it up to 500 bucks, it’s most likely a keeper.
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