Buy a business or sell a 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 develop 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. Consumersearch was founded by co-founders Derek grew and Carl Harmaan in 1999, the pair also owned a privately held corporation at the time. The website sold for a huge $33 million and the news was first released by the New York Times Co. The buyers, About.com are also owned by the New York Times Co. In 2009 the website was honored in the 13th annual webby awards competition. TechCrunch is a very well-known website publication, which is well grounded within the technology and gadget niche’s. The blog was first founded in 2005 by Michael Arrington, and the first time it was published live online was on June 11, 2005. It’s astonishing that in just five years Michael had created such a unique website which was full of valuable content and managed to sell the website for a total of $30 million to AOL.
Advices for buying a business: Taking the first offer may not be a wise choice. This may not necessarily be your BEST offer. Selling your business for top dollar with little or no money down along with an extended contract may lead you to lose it all. Business sales often go bad after the new owner takes over. The new owner may lack business experience, have a closed mind or be a poor leader. The list goes on and on. A successful business owner makes it looks easy, but change that mix and disaster may strike. When this happens, the new owner ends up going out of business and leaves the previous owner holding an empty bag. It saddens me to see a business fail after years of success due to this lack of business sale judgement. Evaluate your options and make the best selection for the long term. Ask yourself, is this the best person to buy and run my business? Or, can they quickly connect with my customer base and learn how to market effectively? When the business sale goes as planned, it creates a tremendous opportunity for both business owners and the success continues. See more details at Self business selling and buying.
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.
Flippa has been the go-to place for years for finding good profitable and established websites for sale. Like any other marketplace, there are sneaky people (let’s call them criminals) who will try to trick and scam you. Flippa is getting better and better in tracking them down. Also, buyers are now more sophisticated then they were when Flippa just started out. There are some great websites with a solid track record that you can find on Flippa. Budget starts from as low as $500 or even $100 for a starter site, all the way up to $1,000,000. Unlike some other marketplaces, Flippa doesn’t have an official vetting process, meaning, everybody can list anything. This is where your experience as an investor comes into play. You may see an “Editor’s choice”, but that doesn’t mean you should let someone else do the due diligence. On the screenshot below you can see the Editor’s choice icon or just click here to see all the latest editor’s choice picks. Couple more important things to note. Flippa is a marketplace that also sells domain names, apps and e-commerce websites like Amazon FBA and Shopify stores. Furthermore, it is an auction-based (like eBay) marketplace. This means that buyers are bidding against each other, the seller can set a reserve (the minimum price for which he intends to sell his asset (website)).
Craigslist is a no-frills, essentially text-based marketplace for virtually any and all products sold. The site is categorized by Country, State, Territory, with listings from the United States to Africa. Clicking on a specific State or Territory allows merchants to post products to sell based within the “For Sale” and “Services” sections. Once registered merchants can create a Craigslist post and upload an image and description; the post “masks” the contact email so that the seller remains anonymous to individuals looking to purchase items or services. Craigslist has the look and feel of old-school online forums; there are no product amount limits, no buyer or seller programs, and few restrictions. A good place to sell products but not the best place to drive your business marketing strategy. You might be surprised by the sales volume you get off Craigslist.
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.