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communick@indiehackers.space

I built a website to showcase my Seller Finance Tracking idea (alien.top)

submitted 11 months ago by GoneWithTheWin122@alien.top to c/entrepreneur@indiehackers.space

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I built this super simple website to paint a general picture of my business idea. Id like to create a platform that tracks the payments of seller financed products. Like if I buy a business and the owner finances it to me, Id like a single place to track all the payments instead of manually updating a spreadsheet.
Check it out, let me know your thoughts

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[–] Bob-Roman@alien.top 1 points 11 months ago (1 children)

Target market appears to be mom and pop looking to retire and consumers.

I have some questions about market potential.

For example, the cash from selling a business usually represents a significant portion of a mom and pop’s retirement nest egg.

Most do not want the business to become a ball and chain around their neck by holding paper. They want the money.

How many ex-friends are there who owe their ex-friends money? What is probability of collecting on judgment from small claims?

How hard is it to evict someone who might then become a squatter?

Moreover, how do you plan to make money? Will consumers be willing to pay transaction fees great enough for you to turn a profit (i.e. 5 percent or so)?

[–] GoneWithTheWin122@alien.top 1 points 11 months ago

Anyone selling a business shouldnt be looking for a lump sum payout unless selling to another business, unless you have a specific niche that has a lot of cash heavy investors like storage unit rentals. Reasonable expectation is getting paid out within 5 years of the sale.