Sell a business
Self business selling and buying? There are a few marketplaces 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 person leading 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 buying a business: Waiting too long, or not planning in advance, can cause many business owners to miss their window of opportunity. It takes an average of two to four years to sell a small business. Therefore, long-term planning is key to any successful business sale. By keeping updated records, a detailed business history and sales portfolio on hand at all times, it will make your planning pay off. You just never know when that perfect buyer may walk into your business and make you an offer you just can’t refuse. Succession planning is a major misstep by retailers. Even if you do not have a successor who is a relative, you are still thinking like a succession planner. The person “succeeding” you needs to be set up for success. If they see you have been planning and considering this for quite some time and that it’s not a quick “I’ve had enough” sale, your price will be much higher. Add to that the confidence the buyer will have in a retail store purchase if they see there was a strategy for the sale and that it’s not driven out of desperation. See extra details on Search for businesses to buy.
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.
We Sell Your Site – like many before mentioned, We Sell Your Site also has listed on their website that they’ve sold over $100,000,000 in website deals. Well, at least unlike BizBroker24 they have an SSL certificate installed and no errors on their website but only two blog posts (October 2018). More importantly, their listings are pretty empty, only 2 websites listed for sale, so you have to sign up to their newsletter in order to get new listings in your inbox. On the website screenshot you can see media mentions on Forbes and Entrepreneur, but if you click on those nothing happens, so you can’t actually see the articles. I tried Googling those appearances but wasn’t able to find them.
eBay is one of the most-recognized online marketplaces in the world. Ebay offers a “Quick Start” guide showing merchants how to start selling in 4 easy steps. This marketplace offers sellers to list the first 50 items per month for free. Merchants can create a “My eBay” page from which to answer questions and view sales information Ebay offers information on listing your products with the eBay catalog, the Fashion Categories, and Sports Card Accessories to name a few. Ebay also offers business consultation (for free), a Business Efficiency Guide, and Seller Development Resources, which is a program eBay designed to assist merchants in successfully selling their product.
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.
