Buy an existing business? There are a few 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. Ars Technica was founded by Ken Fisher, in 1998 and quickly became one of the top and most authoritative blogs with the technology industry. The site provided a great amount of news and sometimes reviews on their chosen niche. The website was purchased by Conde Nast Publications for $25 Million in 2008, a decade since the year it was founded. Weblogs Inc was created by Brian Alvey and Jason Calcanis in 2003, with the help of an investment from Mark Cuban. In the early days the business was initially set up for professional readership, they also had a number of other websites running alongside Weblogs, in fact there were approximately a dozen websites in total. Weblogs was purchased in 2005 by AOL to the tidy sum of $25 Million.
Tips for selling a business: The better financials you have, the higher the chances you have of selling your business. In my case, it took me a long time to clear up my financials so I could present my business to buyers. Unfortunately, it wasn’t really well-structured. I didn’t have much experience, and I needed to call an accountant to help me present everything better and in a smooth way to potential buyers. Also, remember not to include personal purchases or any activities that don’t include your business. Keep your numbers clear and simple; it will help you sell your business faster and smarter. Many people make this mistake and include their personal expenses inside their business and even keep their business’ money in their personal bank account. This is all a huge mess because if a buyer wants your business, it would have to see all your bank information to see what’s going on. So, keep business and personal expenses separate. Ideally, set the base for twelve months of just transactions related to the business to make your finances clearer, making it easier for you to sell your online business. See more details at Search for businesses for sale.
Empire Flippers offers a full-service and personal approach to buying and selling online businesses. Their main goal is to minimize the friction that can occur throughout the buying and selling process and they do that by personally vetting sellers on the buyer’s behalf and they help sellers step-by-step through the process of selling their business. For buyers, peruse the Empire Marketplace to find the right online business for you and pay a 5% refundable deposit to get access to 12 months of store data. Empire Flippers also helps to facilitate communication by scheduling calls with the seller, and their team vets the store’s data so you can be sure everything’s legitimate and accurate. For sellers, Empire Flippers helps to weed out non-serious buyers, they’ll help you make more money than you would if you were selling your online business on your own, the entire sales process is done on your behalf, and they provide competitively-priced listing fees.
Speaking of Shopify stores, back in November 2017 Shopify officially launched Exchange after testing the model on their website (subdomain exchange.shopify.com to be exact). Model is very simple in this marketplace. You can buy established stores and starter stores that are based only on Shopify. So if you are into dropshipping, for example, this could be the perfect gateway! Why? In these listings you already have almost everything laid out, and in some cases, even the inventory is stocked up! Although you can theoretically get your foot in the door by buying a low-value store with $500, and there are a few stores priced that low. I wouldn’t recommend it. Usually, what I’ve seen, stores that make some sense are priced at $7,000, all the way up to $2.5 million (highest I’ve seen on the time of creation of this post). Out of all the marketplaces listed here, this one is the newest.
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.
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.