Sell your business
Selling a business almost free of charge? There are some places where you can sell your business or buy a working business. Businesses are bought and sold every day, maybe you want to enter a new market or you want to exit a market. Maybe you think your business will develop to a new level with another owner and you reached the ceiling of how high you can develop it. Let’s see some successful business deals and discuss a little about places where you can buy or sell a business.
Any business can be sold! Even websites, that are not really businesses, can be sold for a lot of money. The website Ugo was founded in 1997 as Unified Gamers Online (UGO) by Chris Sherman.Action World Inc. bought them very early on and decided to rename the business. They changed the name to UGO Networks, however the name didn’t stick for long as it was once again changed to Online Underground. Eventually it was sold on to the Hearst Corporation approximately $100 million. Fotolog was founded by Scott Heiferman, in 2002, and unfortunately the site began to have problems just 3yrs later in 2005 when the amount of visitors and members started to become too much for the websites servers. The website itself currently receives over 20 million unique visitors each month and was sold to Hi-Media Group for the tidy sum of $90 Million.
Advices for selling a business: If you know, you’re gonna sell, minimize your expenses. The formula is very simple, the evaluation of any business is based on the seller’s discretionary earnings from the last 12 months. Basically, check your business’ last 12 months profit. Fewer expenses mean a higher evaluation and more earnings, which literally translates into more money in your pocket. So, minimize expenses. Specifically, many strategies in business require you to have a big number of expenses for a long period to actually get a return. Sometimes, it can be a year of expenses just for you to see return. For example, if you’re in content marketing or PPC, in the beginning, you might not be profitable, but if you stick to it for 6 to 12 months, you’ll start seeing the money back. However, if you know you want to sell your business, many of these strategies might not make sense because they mean losing money now to make money later. But at the end of the day, when you evaluate your business, your buyers will only see the last 12 months. Nobody will care what could happen in the future or where your business is going. Read extra details at Selling a business almost free of charge.
Flippa was the first-ever marketplace used for selling websites, and they’re still one of the best. With over 600,000 users, there are plenty of interested buyers to sell to and with the 5,000 online businesses and domains listed for sale every day, there’s lots of choice. Not only can you just buy and sell online businesses on Flippa, but there are other digital assets to choose from like websites, domains and apps. If, however, you’re just looking for online businesses to buy, check out their dedicated categories to Shopify and Amazon FBA stores to narrow down business listings from these particular platforms. Flippa also offers its own escrow service for secure payment processing, and they offer a free valuation service for sellers so they can discover what their business is worth. Flippa works hard to offer a seamless and high-quality service for both buyers and sellers on their site so if you’re looking for a lot of choice and a busy marketplace, Flippa is a great option.
Businesses for sale – Is not a website marketplace by definition, and certainly, the name is descriptive, but there are websites for sale as well. The thing that caught my attention were overpriced starter sites like these. If you take that same budget and go to Exchange, you are going to get a far better deal. I feel sorry for the baby boomers which this seller (Pure Ecommerce) is clearly targeting on their website. That’s the problem with marketplaces, you get one bad seller, and you lose faith in the entire marketplace. Now I will be extra careful when sourcing deals from Bussinesses For Sale, as I comb through descriptions such as: “Start a fully automated Amazon affiliate website, 100% Passive Income from affiliate links. Potential to make a profit of $150-$200 per week within 6 months, and $500 per week within year 1.”
Amazon is the most recognized name in online merchandise sales. It’s the premier marketplace for ecommerce merchants and individuals looking to display an imposing online presence. Amazon provides web-based tools to upload product inventory through the creation of an “Amazon Webstore”. The marketing value of the Amazon “name” is something that every ecommerce vendor needs to consider when searching out the best marketplace to sell their products. Businesses looking to sell on Amazon will need to sign up and register their business name, contact information, credit card and phone number. Here’s everything you need to know to sell on Amazon including costs, FBA facts and advertising. One of the things about Amazon and other marketplaces is that integration, product matching, and product updating can be extremely difficult. As a rule of thumb, marketplaces can be difficult to integrate with, so you’ll want to do these one at a time.
We offer very convenient options for sellers, buyers, and brokers of businesses. Business buyers can easily browse businesses locally and find the best possible deal . With a fast-growing audience of sellers, buyers, and brokers, you can be sure of finding something suitable for you on this marketplace if you search! We provide solutions to sellers, buyers and brokers worldwide. BizForSell works as a hub for business brokers as well. Business sellers can search and contact business brokers on the website to assist them with the selling process or business brokers can post advertisements themselves to find buyers of their clients’ business. All the related stakeholders can help each other this way through BizForSell connection. Source: https://www.bizforsell.com.