EFP 109: Quickstart Guide For New Website Buyers

Justin Cooke

September 4, 2014

Most experienced website buyers can quickly determine whether a website’s right for them by relying on their own process and experience, but what do you do if you’re totally new? How do you make sure you’re not getting scammed and that this website is a good fit for you?

An Easy to Understand Guide to Buying Websites for Newbies

Today, Joe and I talk about what to look for when buying new websites (as a first time buyer).

We’ll tackle these questions and more that come in from newbie website buyers.

Check Out This Week’s Episode Here:

 Direct Download – Right Click, Save As

Topics Discussed This Week Include:

  • Understanding your buyer profile
  • The Empire Flippers deposit process
  • What to do if a deal is too perfect
  • Asking the right questions
  • Creating a plan before and after purchasing
  • Pulling the trigger on the purchase

Mentions:

Spread The Love:

“Keep your time in mind as a cost when shopping for sites.” – Tweet This!

“Contracts are more feel-good than anything else. Don’t put your faith in them.” – Tweet This!

What’s stopping you from your first website purchase? For repeat buyers, what’s your best advice to new buyers? Leave a message on SpeakPipe or leave a comment below.


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Discussion
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  1. Aaron Koral says:

    Hi! This is a great episode. Great information about buying a website for the first time. Quick question: when you’re a Newbie Norm, how does someone go about creating a plan for purchasing a website, both before & after? I look forward to more episodes. You guys are great! Thank you so much.

    • Justin Cooke says:

      Hey, Aaron, glad you dug the episode!

      We just recently put a ton of content that walks a newbie buyer through the ENTIRE process including laying out the business model, due diligence, making the offer, closing the deal, etc. You’ll want to check out Season 2 of the Web Equity Show:

      http://webequityshow.com/series/season-2/

      It’s 10 episodes that really walks you through everything step-by-step. I think you’ll dig it!

  2. Esteban says:

    Hey Joe! I love Google Keep I’ve been using it before this podcast! I had to go back to this podcast and post this comment because I remembered you mentioning that it wasn’t possible to share notes at the time! Today it was announced that you CAN share notes with Google keep. I’m so excited!

    -Esteban (I still like you better than Justin.) :P

  3. Jeff Doehler says:

    First off, great episode! I listened to it while jogging yesterday and I found it really helpful as a beginner myself. Secondly, the new website is unreal, awesome job guys (I can’t get over how different/better it is).

  4. Greg Nunan says:

    Thanks for the mention fellas, really appreciate that. Good luck on the digital nomad journey Justin > living the dream!

    Completely agree with your sentiments around spending (wasting) dozens of hours doing due diligence on sites to buy. Gotta put a dollar value on your time. That’s one of the fantastic benefits to what you guys are offering > most of the due diligence is done for you, high quality sites listed only and just a simple process for buyers and sellers. Filled the gap in the market perfectly.

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