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 pay off a lot of email. One frequently asked question relates to making the conversion from the bodied world to the entrepreneurial world of the internet.Many people turn in always dreamed of owning a web site and finally they adjudicate to move toward that dream. They wonder how much notes they need to invest as well as how they hindquarters obtain financing to purchase an vivacious website. Often, they have plenty of experience and determination, but very little currency. I must make it very clear that it is r be for anyone to purchase a website without putting about of their own cash into it. Few website acquisitions are nose candy% 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 purchase of a website. Many online entre preneurs 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 go past 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 governing body 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 may not have to fully collateralize the loan. Typically, they will finance 70-80% of the deal. It stren gth 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 race records of leadership with approval.