Engaging with a seller
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Found a project that you would like to purchase? First, please read through the documents we have for
Submitting a project for sale,
Engaging with buyers and
Listing guideline. These documents are prepared primarily for a seller, but should give you
a good overview of the seller's perspective. If you found a project that does not satisfy the listing guideline or violating the
terms of service, please let us know by emailing us at
[email protected].
Before you contact the seller, you first need to register a SideProjectors account and confirm your email address.
Without confirming your registration, you will not be able to contact the seller. We also recommend that you fill out
your profile. It is up to the seller to respond to your offer and all sellers are looking for legitimate and reliable buyers.
Any messages or offers that you send to the seller are available through your Inbox. All messages and offers are
also sent via email. When sending an offer, please make sure you fill out all the necessary details such as
Offer Price and ask any questions that you have.
Do not jump into a sale without doing your due diligence and background check. Make sure you conduct face-to-face meetings using tools such as
Zoom, Skype or Google Hangouts. Make sure you ask all the questions you have. Here are some tips when
engaging with the seller.
- Talk to them face-to-face via video conferencing tools such as Zoom, Google Hangout and Skype.
- Do your own due diligence and background research on the user - ask for social media public profile (e.g. LinkedIn).
- If possible & applicable, you can also use third-party ID verification services (e.g. Jumio).
Arranging a sale
Once you and a seller are in agreement of the sale, as mentioned in Engaging with buyers,
you can arrange how the different assets of the project can be transferred and how the payment can be made.
We repeat here that, SideProjectors is not involved in the sale process whatsoever.
You as a buyer need to ensure that the sale is valid and own all risks involved during the sale.
Here are some tips when arranging a sale with a seller.
- Make sure all/any legal & sales-related paperworks are done. Often, there are documents such as Letter of Intent, Non-Disclosure Agreement, Contract of Sale and Transfer of Intellectual Property involved. If you need any of these, please make sure you consult your lawyer and have all documents signed by both you and the seller before proceeding with transfer of your project.
- List all assets that will be included in the sale - e.g. domain name, code, design materials, data and agree with the buyer and work out when and how they will be transferred. You can also think about receiving certain amount for each asset that is transferred.
- Do the background check on various assets. Make sure that the website or an app is not a template project bought from places such as Code Canyon. Make sure that a domain name is owned and still registered by the seller. Make sure that the seller is the admin of the social accounts being transferred, if any.
- We strongly recommend you use an Escrow service (e.g. Escrow.com), which will mediate between the transfer of money and your assets.
- You should also discuss with the seller about a refund policy, if there is one. Is there one? If you allow a refund, how would it happen? Make sure that both parties agree on this policy.
