1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

First ever site purchase help!

Discussion in 'Site Flipping' started by moneyisthename, Oct 8, 2013.

  1. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    Hey guys,

    I am about to purchase a site for the first time.

    The person that I am about to purchase the site from is asking me to deposit the money into his paypal and give him my godaddy email. Is this usually how its done?
    I just am making sure that I get the site which I am going to be paying for.

    Please help a first timer!
     
  2. Moosey

    Moosey Senior Member

    Joined:
    Dec 5, 2011
    Messages:
    1,043
    Likes Received:
    747
    Usually people use a service like flippa, but it sounds like you're setting yourself up to get scammed. Depending on what you're looking to invest, I'd try to get in touch with meathead1234, I'm sure he'll steer you in the right direction.
     
    • Thanks Thanks x 1
  3. Logician

    Logician BANNED BANNED

    Joined:
    Apr 4, 2013
    Messages:
    584
    Likes Received:
    581
    ^what he said. The route youre taking is not a way I have ever purchased.
     
    • Thanks Thanks x 2
  4. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

    Joined:
    Sep 24, 2008
    Messages:
    3,816
    Likes Received:
    13,935
    Use Escrow.com if possible. Paypal isn't really going to protect either of you. If the sale is small (say under $1k) then Paypal might be more practical if you understand the risks. Also get a basic contract signed if you can.

    How big is the sale?
     
    • Thanks Thanks x 2
  5. LaLore

    LaLore Regular Member

    Joined:
    Aug 5, 2013
    Messages:
    290
    Likes Received:
    216
    Occupation:
    Mind Meld Curator of all sorts of Shitz
    Location:
    On Drury Lane, next door to the Muffin Man
    If it's someone I haven't done business with before, I use escrow.com. The amount of the sale will determine the escrow fee. Better to be safe than sorry.
     
    • Thanks Thanks x 1
  6. nanavlad

    nanavlad Jr. VIP Jr. VIP Premium Member

    Joined:
    Dec 2, 2009
    Messages:
    2,420
    Likes Received:
    892
    Gender:
    Male
    Occupation:
    SEO Consultant
    Location:
    Proxy Central
  7. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    The sale is only under $100. But I did not think that it was the correct way of doing it.
     
  8. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    Can you send me a dummy contract so I can get an idea of how it should be worded?

     
  9. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    I think the guy was trying to scam. After I asked him to use Escrow he has not responded!

    THANKS ALOT BHW! I owe you guys =P i got to keep my $$
     
  10. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

    Joined:
    Sep 24, 2008
    Messages:
    3,816
    Likes Received:
    13,935
    Escrow isn't really worth it under $100. Neither is a contract. At that level, go with your gut and try avoid dealing with random people with no rep - it always surprises me how many people will happily rip you off for $100.
     
    • Thanks Thanks x 1
  11. Roshaen

    Roshaen Elite Member

    Joined:
    Sep 24, 2012
    Messages:
    2,238
    Likes Received:
    1,351
    Location:
    Please Pray For My DAD
    Finally you realised you were about to get scammed.Next time before making a purchase make sure you know every possible way you could be scammed that could minimize the risk of getting scamms as you know all those mothods scammers use these days or contact someone who is an exertise in that field.
     
    • Thanks Thanks x 1
  12. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    There are some other sites that I have found for under the $100 price point. What would be a safe way to get the money and website exchanged?

     
  13. KraftyKyle

    KraftyKyle Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    Aug 13, 2008
    Messages:
    1,942
    Likes Received:
    4,610
    Gender:
    Male
    Location:
    Unknown
    You might want to give him more than a few hours until you decide he's a scammer. When I first started and was selling a few online game sites, I just had the person send the money to my paypal and then I pushed the domain to their account.
     
    • Thanks Thanks x 1
  14. TehEpidemick

    TehEpidemick BANNED BANNED

    Joined:
    Oct 31, 2011
    Messages:
    778
    Likes Received:
    181
    yeah, for a $100 site i would use escrow or flippa either. Just $100 isnt really worth doing a service like that. Go with your gut. If your buying the site for $100 it should basically be an empty site.
     
    • Thanks Thanks x 1
  15. john1444

    john1444 Elite Member

    Joined:
    Mar 27, 2012
    Messages:
    2,559
    Likes Received:
    755
    Gender:
    Male
    Occupation:
    Marketer
    Location:
    Miami, FL
    Home Page:
    Best places to buy ready made sites are flippa number 1 and smaller forum sites like DigitalPoint.

    If you are looking for high pr domain then go daddy.

    If you don't trust a transaction the best way to handle it is usually via Escrow.
     
    • Thanks Thanks x 1
  16. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    I am buying the site but the site is not empty it is a very well built site with alot of content.

    Also John1444. I am buying the site from DP

     
  17. west13

    west13 Junior Member

    Joined:
    May 31, 2012
    Messages:
    173
    Likes Received:
    63
    I think you rather build a site yourself and invest the 100$ into it. I'm in no way an expert but my impression of your post is that you think buying a site for 100 dollars will get you big moneyz from it. A 100$ site doesn't sound like some moneymaker.

    Edit. I just wrote your reply above that it has great content and it is good built. Really, why would someone sell you a site with this great content? For such a low price... something doesn't add up, but I guess you know more details. my 2c
     
    • Thanks Thanks x 1
  18. moneyisthename

    moneyisthename Registered Member

    Joined:
    Aug 12, 2013
    Messages:
    91
    Likes Received:
    14
    thanks guys! Mod please delete this post as i no longer need help!