Step 5. Concluding a contract of sale and purchase of an online store

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maksudasm
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Joined: Thu Jan 02, 2025 7:10 am

Step 5. Concluding a contract of sale and purchase of an online store

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It is possible to draw up a contract in two stages, when the buyer needs to confirm their interest in order to receive reports and analytics data. However, it is possible to do without this and conclude a deal after conducting a study of the indicators. In this case, the contract will begin with conditions regarding the verification of the current data of the online store. After making a deposit, the buyer gets acquainted with the reports, studies the site statistics. If the indicators correspond to the declared figures, the sale can be made.

Conclusion of a contract of sale and purchase of an online store

During the check, discrepancies between the data provided by the seller and the actual values ​​may be revealed. There are two possible outcomes: the seller returns the deposit and the transaction is cancelled, or both parties review the terms and come to a new agreement. The preliminary deposit is necessary as confirmation by the buyer of the seriousness of their intentions. Accordingly, the seller will be convinced that it makes sense for him to engage in the preparation of reports. The deposit amount is included in the final cost of the online store.

The contract must cash app database separately list guarantees . That is, the seller guarantees that the online store has no debts or obligations. Guarantees provide protection for the buyer. If, shortly after the purchase, an illegally dismissed employee files a lawsuit against you, the seller will be the defendant in this case.

In addition, when drawing up a contract, you should discuss the terms of after-sales service. Specify the period during which you will be able to receive advice from the seller and what communication channel will be used for this.

To reduce risks when concluding a transaction, it is worth contacting an intermediary or a special service. The point is that the buyer first transfers money through these counterparties, and the seller provides the assets to the one who paid. If their transfer is successful, the entire amount goes to the seller.

Step 6. Registering the domain to the new owner and connecting the online cash register
Domain or domain name is an address that must be entered in the browser line to go to the website of a retail outlet. Online stores usually choose a trademark as this address.

Formally, when a domain is transferred, the administrator is changed. There are two options for how to do this:

Visit the domain registrar's office . If there is one in the city, both parties to the transaction submit an application there along with identification documents.

Log in to your domain administrator account. To change, the buyer must also have an account on the registrar's website.

When contacting the office, the administrator change occurs after three working days, and on the site it is done immediately. When buying an online store, you can use any option. However, you cannot use the scheme of simply transferring the login and password from the administrator account to the new owner, since there is a possibility that the seller will again gain access to the account.

In any case, buying a ready-made online store is a risky business. For security purposes, it is necessary to ensure full control.

However, you can do it differently. If you start working on your own project, sooner or later you will acquire the competencies without which it is impossible to successfully conduct business. Try creating an online store that meets your specific needs. This may be more profitable than rebuilding someone else's creation in your own way.

Regardless of the method you choose, keep in mind that only the owner can make an online store profitable. The business can bring in high income, but it can easily fall apart if it is not given the necessary attention. It all depends on you.
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