Buy a business or sell a business? There are some websites where you can sell your business or buy a a new 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 expand 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. Freakanomics, was founded by Stephen J. Dubner, in the year 2005 and was sold just two years after it was first created. Stephen was a professional journalist for the New York Times, when he started the blog, which was actually created after the huge success of Dubner’s book, which was also called ‘Freakanomics’ . The website was eventually bought out by the New York Times the sum of $8 million. The Consumerist, is yet another website which was developed by the Gawker Media Group, there doing quite well aren’t they? Anyway, Joel Johnson was the editor-in-chief although the site was originally the idea of Nick Denton and Lockhart Steele both of whom are highly ranked within the Gawker Media Group. They decided to sell the consumerist to Consumer Media LLC when they were offered around $7 Million. I think I may have sold for that price too!
Advices for selling a business: Spend money on an attorney and clear up all the possible legal confusions. During a purchase, your buyer might want to do the diligence and make sure everything is legal and tactical. My advice is, be practical and take the step before having any buyer so you know everything is good. Besides, every buyer wants to know what they buy is legal. Even if you’re not doing something wrong, I believe is worth to invest some dollars on a lawyer to bulletproof your business. Also, this helps you to check the terms of your service, add, or even remove disclaimers. And, then, when you talk to a buyer you can say you have an official opinion from a lawyer, and you can present it to them. This is really important because every buyer wants to minimize risks so do your due diligence before and save yourself some time and hassle during the selling process. See extra info at Online marketplace for selling and buying business.
FE International is a website broker with a 94.1% sales success rate that offers a fully personalized sales process to ensure that the buyer and seller get exactly what they were looking for out of the sales process. Since they’re a website broker, they work directly with sellers to completely understand their business and then they contact their network of buyers to find ones that are the right fit for the business. From there, buyers make offers on the business and FE International negotiates to find the best deal for the seller. Finally, they ensure that the seller provides the right information and support to the buyer so they can successfully take over the online business so both the buyer and seller are happy. FE International is an experienced team of brokers that work together to create a high-quality experience for buyers and sellers, and they’re most experienced in evaluating 5-7 figure businesses. To learn more about what they offer buyers and sellers, check out their Frequently Asked Questions.
After listing Flippa (a marketplace where I am most active) and Exchange (newest marketplace) it’s time to start mentioning more serious and reputable marketplaces. In order to list your website on Empire Flippers, the website needs to be making a minimum of $500 per month for 12 straight months. Besides this raised bar, there is a vetting process that a broker from Empire Flippers conducts. You absolutely have to have Google Analytics, and they double check your revenue numbers and proof. One very important thing you need to know as a buyer is that you only get limited info from their website. If you are interested more, you need to make a 5% refundable deposit. For example, if the list price is $26,555 you need to make a refundable deposit of $1,328. Unlike Flippa, you don’t see an exact domain name of the website being sold. You get a general niche and monetization methods.
Zazzle’s been called the “anti-Amazon by some,” but we don’t really see it that way. Zazzle is comparable to Cafe Press in that it’s a marketplace devoted primarily to writers, graphic artists, and really anyone in the business of image or logo creation. This marketplace offers over 350 products to sell online; ecommerce merchants would not be able to list their individual products here–just as Café Press merchants have the ability to create 100% completely customizable online shops with an unlimited amount of products to sell. Zazzle allows merchants to set their own royalty rates from between 10% to 99% and adjusts the final price to include this percentage. The marketplace also offers free promotional tips and strategies. Zazzle’s Affiliate/Associate program pays at least 15% for all referred sales, and will even pay a referral fee for customers you refer to your own site. This marketplace indicates it pays out to merchants by check but that there is an option to have this done via PayPal.
BizForSell is number #1 Go to for business sellers, business brokers and buyers. bizforsell.com is one of the biggest and most reliable business selling marketplaces in the world. We aim to solve the unique problems business sellers, business brokers and buyers have to face while selling or buying bussiness. 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.