Leaving Corporate America to Buy a Website :: Sell Websites Buy Web Sites

Leaving Corporate America to Buy a WebsiteReprinted with permission of VotanWeb.comAs a Group Manager of VotanWeb, I capture a lot of email. One frequently asked question relates to making the musical passage from the bodily world to the entrepreneurial world of the internet.Many people put one over always dreamed of owning a web site and finally they determine to move toward that dream. They wonder how much bullion they need to invest as well as how they empennage obtain financing to purchase an subsisting website. Often, they have plenty of experience and determination, but very little gold. I must make it very clear that it is r atomic number 18 for anyone to purchase a website without putting any(prenominal) of their own cash into it. Few website acquisitions are degree centigrade% 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 purc hase 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 pass for a piece of the business. Either way, make certain that its spelled out in writing and all parties understand what theyre getting into. The Small Business boldness is another possibility. Remember, the SBA does NOT lend money for people to buy websites. The SBA guarantees loans make 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 whitethorn not have to fully collateralize the loan. Typically, they will fina nce 70-80% of the deal. It readiness be possible to secure seller financing if youve 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 comprehend records of leadership with approval.