How to get a Ferrari for $25,000

Lately, I’ve been looking at purchasing new ecommerce stores instead of starting them from scratch.  I have always been against purchasing stores because I’ve always felt that I could create a similar store for much less than the purchase price.

However, one of my friends pointed out to me that I am missing out on time if I start everything from scratch.  I also do not have the time to start 5 or 10 stores, let alone manage them right now.

My friend has been purchasing a bunch of ecommerce stores and he wanted to know if I wanted to partner on a certain store last month.  This intrigued me because the one thing I didn’t have time for was the day to day operations.  But I felt that with my knowledge and experience I could help increase sales on this store.

So the deal that we had was that I handle the store look and feel and SEO.  He would handle the day to day operations.

The offer price for this online store was to be about $100,000.  I was to buy in for around $25,000 for a 25% share.  The current profits of the store was about $100,000 per year.  So basically if the store’s income remained even in 2011, I would make $25,000.  A 100% return in 12 months, not bad.

So how do I get my Ferrari?  Well, at this moment I was looking into leasing one.  I can get a F430 for around $3,000 a month for 24 months, but most likely I would try to find a F360 at closer to $2,300 a month.

If things work out as planned, the income from the store would pay for the lease.

Unfortunately, we were unable to purchase the store as someone offered a higher price.  But, this is an avenue that I am going to explore more.

About Kenric

My blog about living life to the fullest by generating passive income through real estate, business and online investments.
This entry was posted in Ebiz. Bookmark the permalink.