Buy a business or sell a business? There are several websites 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 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. LiveJournal just as the name suggests was a virtual community where users could keep a blog or an online digital diary, through their free open source server technology. They didn’t stop there though, they had the software allowing users to easily create blogs and diaries online they even allowed for calendars, polls, and even have guest writers. The website sold for approximately $ 25 million to Six Apart in 2007. Bankaholic is the creation of founder John Wu who also created CB Land Investments. The website itself was an online banking marketplace which basically provided its customers with credit card offers as well as interest rates and personal financial advice. The website eventually sold for $15 Million to BankRate and now has a hefty team of banking and financial professionals behind it so who knows where it could go? maybe it will be worth double the amount in a year or so.
Advices for buying a business: Spend money on an attorney and clear up all the possible legal confusions. During a purchase, your buyer might want to do the diligence and make sure everything is legal and tactical. My advice is, be practical and take the step before having any buyer so you know everything is good. Besides, every buyer wants to know what they buy is legal. Even if you’re not doing something wrong, I believe is worth to invest some dollars on a lawyer to bulletproof your business. Also, this helps you to check the terms of your service, add, or even remove disclaimers. And, then, when you talk to a buyer you can say you have an official opinion from a lawyer, and you can present it to them. This is really important because every buyer wants to minimize risks so do your due diligence before and save yourself some time and hassle during the selling process. See more info at Buy an existing business.
FE International is a website broker with a 94.1% sales success rate that offers a fully personalized sales process to ensure that the buyer and seller get exactly what they were looking for out of the sales process. Since they’re a website broker, they work directly with sellers to completely understand their business and then they contact their network of buyers to find ones that are the right fit for the business. From there, buyers make offers on the business and FE International negotiates to find the best deal for the seller. Finally, they ensure that the seller provides the right information and support to the buyer so they can successfully take over the online business so both the buyer and seller are happy. FE International is an experienced team of brokers that work together to create a high-quality experience for buyers and sellers, and they’re most experienced in evaluating 5-7 figure businesses. To learn more about what they offer buyers and sellers, check out their Frequently Asked Questions.
We Buy Websites – Is a broker company. You have to signup to their newsletter in order to see the deal flow. But, if you do that, you get an error 500 (12th October). I’ll try again in the future and report back here. As you can see from the screenshot on the left, they have a simple website with limited information. Quiet Light Brokerage – Is another high-end brokerage company. The cheapest website was listed at $30,000 USD, while the most expensive was being sold for $15 million USD. Listings on the website have only basic data, so you need to contact the broker in charge to find out everything you need about the listing. For example domain name, product, traffic numbers and other crucial information are not listed. Like several others in this space, they mention doing more than $100,000,000 in website deals. Unlike their competitors, they have educational podcasts, videos and guides which is definitely a plus. I am looking forward to checking them out again in the future! Their blog is also very informative, packed with posts such as this “Step-by-step guide to performing a financial trend analysis”
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.
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. 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. Source: https://www.bizforsell.com.