I'm new here and on this side of the investment, so forgive me if I'm wrong to ask these questions. I am young and I could really use some advice / instructions from wiser and more experienced people than me. At the end of next March I can invest 50 thousand in an online business of my choice. I would like to invest either in an existing e-commerce store (b2c) or in a content website that uses typical traffic sources to generate revenue, such as a sense of advertising, affiliation, generation of potential customers, etc. Here are my questions …
1. I would like to invest in a content website and use that traffic to help launch an e-commerce store or invest in an existing e-commerce store and start a content website to attract traffic to it over time. . Which is the best strategy?
Note: If I bought a content website that generates revenue / traffic in the e-commerce store, I would start directing traffic from the content website to most likely selling the product I manufactured / designed or printed. Depending on which business model is faster to scale and generate income, it is also a factor in the strategy you would use to buy and which one to start. If one takes much longer to climb than the other, you probably want to use my money to buy the model that takes longer to grow.
2. With a down payment of 50k and the seller / other means of financing, what price range should I shoot approximately for an online business? How often are sellers willing to finance?
Note: I obtained approximately 75,000 years with my current work credit score in the 700-750 range if that helps answer the question.
3. Which model is more sustainable / profitable with my investment?
4. Being my first commercial online investment, I would feel more secure using a broker or professional to examine and do the due diligence for the business that I would buy in addition to mine. Brokers such as Fe-International, empire fins, etc. However, I see two problems in this approach …
Problem A: Brokers are in the seller's pocket. Is there such a thing or any recommendation from a broker or buyer advisor? Should I worry about this or am I thinking about it too much? I understand that these brokers also rely on buyer satisfaction for their reputation.
Problem B: unlike sites like Flippa, where the quality is lower, but the options of other online brokers who do a good job researching these companies usually have a smaller list of options … with that said and without affiliation to these brokerage firms is it reasonable to look for more online sellers on social networks, forums, communities, etc. and ask those who I seriously ask to list their business on one of these brokerage sites? Are there personal rental consultants that I could use to examine these companies that I find outside a trusted broker?
5. Depending on the strategy, whether you buy the e-commerce store or start one instead of spending money on a consultant / advisor to help me manage it, I considered asking someone with experience in managing these online businesses, but Without the capital to buy / I start one to give them the opportunity to make an agreed commission on what they sell in exchange for their knowledge on how to execute it and make it more passive for me. I am not interested in partnering, but if anyone has advice on that idea or recommendations on where to look in the future, I would be happy to hear your comments.
6. Can the owners explain to me the basic concepts of taxes, licenses or other requirements / things that I need to have established or take into account to buy / transfer through an e-commerce or web content for me?
7. Do I need to formulate a team of specialists to make this investment? Lawyer, CPA, accountant, virtual assistance, online business consultant, etc. I think you get what you pay, but seeing that money doesn't grow on trees, could you avoid hiring someone with experience in running an online business as I suggested earlier to deny the need for another experience? Any suggestions?
8. What are the safest platforms to use or search when buying or starting an e-commerce business that has traffic? I understand that selling in giants such as eBay / Amazon carries its own risks and it is not advisable to trust the success of your business solely on them.
By the way, I wait for an answer for each question. Anything helps. To clarify, I am not asking because of laziness in the investigation, but because it is hard for me to find it. Not only does it appear that there is a limited amount of online information regarding online businesses in general, but the information that there is mostly begins in contrast to the purchase. If anyone has any recommendations on where to find this information, share it. Also, I cannot emphasize enough that I am not affiliated or attempt to ask anyone. I am just trying to educate myself better on the subject and I know that I am not the only rookie with these types of questions, so any answer you are sure will be grateful to any other reader. I appreciate everyone's time, thank you!