Buy an existing business

Sell your business? There are several marketplaces where you can sell your business or buy a an established 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 person leading and you reached the ceiling of how high you can expand 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 buying 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. See more info on Best buy and sell business brokerage.

Looking for more of a side-hustle rather than a full-time business to take over? Start with SideProjectors. It’s the marketplace to go to if you’re looking for something to do on the side of your 9-5 job and there are usually online businesses or projects for sale here at more accessible price points. SideProjectors is also a great place for sellers to go to list those projects that they put a little bit of time and effort into but didn’t totally build out into a fully-fledged business so they can get a little bit of a return on their investment. Never leave a side project abandoned again, just use SideProjectors to transfer the assets and operations to someone willing to pick up the task. SideProjectors does not handle any part of the sales process, they just help connect buyers and sellers, so it’s important to thoroughly conduct your own due diligence if you choose to buy or sell on their platform. This also means that they don’t offer an escrow service so it’s up to buyers and sellers to work out their own payment strategy.

Personally, I am not a huge fan of droppshiping because I think there’s more work involved compared to affiliate marketing. You can call me lazy, but I don’t see a point in doing something I am not passionate about or don’t have the necessary level of experience / contacts, etc. Furthermore, why work on something when you can use a lever. Another word of advice I can give regarding scamming. If you buy a website and then you get several lousy reviews on your product, or Google changes their algorithm and your traffic disappears over night, there’s a chance you weren’t scammed it’s just that the market conditions have changed! You bought a small a business! Someone might tell you this is “passive income”, or that there’s no work involved and other bedtime stories. Make no mistake about it, if it is not growing, it is dying and like everything else. Your website needs your attention.

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.

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.