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by epdotnet
5179 days ago
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Thanks for mentioning my forums. We do have a Due Diligence section on the forums in addition to ones on valuation, buying of websites, selling websites etc. In my ten years plus of buying websites, I've noticed one massive change - the decline in quality and truth. Sellers have become very sharp at scamming buyers - faking traffic, faking revenue, faking the prospects of the business. It's a mine field and it's largely due to the emergence of the career seller, someone who creates sites just to sell. He is unable to make money with the site himself, but has an incentive to convince others that they can make money out of it. Some of them run "site flipping" courses and talk a lot about "passive income from websites". Flippa has encouraged these site flippers as all their chatter does drive business. Our forum has long been cynical and critical of some of these practices and we are, I believe, the largest destination on the internet for intelligent, unbiased comment on the subject of buying and selling websites and have exposed some of the biggest site selling scams on the internet including those of a couple of really sharp, high-end "template" sellers swindling buyers out of $50K+ for sites worth less than $500! The "Just Sold" section, sheff, is filled with a fair amount of fiction. Many of those sites that have apparently sold ... haven't! I posted an example of this in a comment at your blog. |
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