EFP 201: 4 Ways Sellers Trick Buyers
“You’re going to lose a lot of trust in a buyer if you’re overly greedy at the end of deals—don’t do it.”
Not revealing the whole truth about your business can lead to an adversarial relationship between a buyer and seller.
In this episode, Joe and I discuss some of the most common tricks sellers use to present their business as a sweetheart deal.
We’ll go over why honesty is the best policy when you want the sale to work out well for all parties, and how an online business broker helps you see through the smoke and mirrors.
This week we’ll also review two exciting 6-figure businesses on sale right now, as well as go over some excellent news and updates for this quarter.
Alright, let’s dig in…
Listen to This Episode
Topics Discussed This Week:
- Understate Hours Worked
- Downplay their experience/skills
- Don’t mention tactics/expenses that didn’t work
- Previous account bans/warnings/problems
We hope you enjoy the episode! Have interesting insights into cashflow opportunities with online businesses? Have any useful tips when deciding to invest in the RE space? Either way, leave us a comment below or give us a shout on your favorite social media platform!