Self business selling and buying
Online marketplace for selling and buying business? There are some platforms 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 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. 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: Setting a very high or unrealistic price tag on a business can lead to a dead-end street. Expecting to get top dollar for a business that generates little or no profit is simply using bad business sense. Consider your industry, similar businesses, the economy and your marketplace when pricing your business to sell. On the other hand, a business that does not generate profits may do well with a going-out-of-business sale. This type of sale can generate instant cash flow and quick turnover. Too many business owners that have not turned a profit, or have cash flow problems, miss this wonderful opportunity. Some reasons they miss out is due to lost energy and/or motivation or because they may not want to admit defeat or failure. Remember it is business—don’t worry about taking it personally. Look for the most valuable opportunities for your business. Read extra details at Buy an established business.
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.
Domain Magnate – Nearly last, but certainly not the least favorite, Domain Magnate is run by Michael Bereslavsky. According to an interview with Flippa he manages more than 100 websites and has sold websites for as much as $165k on Flippa. I signed up on Michael’s newsletter a year ago, and he sends new deals every once in a while in your inbox. Just like other premium brokers, Michael is interested only in serious buyers, and legitimate owners selling their businesses and websites. Here’s a word from Michael himself! “That interview is a bit old, currently, I have $418,710 in Flippa sales under my profile. Domain Magnate is a super seller and a verified broker with Flippa, we are also a verified partner with Escrow. Domain Magnate is different in that we mostly cater to sellers who are looking for quick deals and do not want to go through the lengthy processes associated with other brokers, and we buy directly, acting as buyers, often closing deals in just 1-2 days. Domain Magnate also act as a buyer-side broker, guiding first-time buyers through their first acquisition and helping them find the best deal based on their budget, requirements, and expertise, or helping established buyers find and buy websites according to their exact specifications.”
Bonanza, listed as “…the best eBay alternative we’ve seen” by Ecommerce-guide, underwent a name change in 2010 and went from ‘Bonanzle’ to ‘Bonanza’. Like Amazon, Bonanza has roots in Seattle. Their current revenue is difficult to find, however, we do know Bonanza has had two rounds of funding. Setting up a booth on Bonanza is free, as is posting your items for sale…but there is a percentage that goes to the site when items are purchased. Consumers will enjoy this site; the navigation is very simple to use. To the left of the image placeholder are four dynamic section links; above the placeholder is a navigation bar with three links and a search bar. The links are listed as “For Her”, “For Him”, and “For Everyone”. Hovering over these links produces a quick-link list with categories.
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.