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Has anyone here ever developed an exit strategy for the business they built here? I am looking to sell my business but never gave thought as to how to sell until now. Thanks fa
Hi - this is not the ideal time to be selling a website, given that it could be another month before Google's latest algorithm shows its true impact.
Potential buyers will expect to see proof of traffic and income over at least the last 6 months, and until the Google update is complete, the figures may not be accurate.
Potentially, you could expect to receive 20x to 30x your monthly income.
As Abbie said Flippa is a good website reseller, and there are others. Google up flipping websites.
However, Kyle has hit it on the head with his comments about building before selling. Unless you are making at least a little bit from your website, you are going to find it difficult to sell.
And they look for repeat business that is ongoing. You should build it up before you try and sell it.
Good luck
Your goal with any business that you should build is profit. If you think of "exiting" before you have created a high level of profitability, then you are typically going to never achieve profitability in the first place.
The idea of "selling" is nice, but that shouldn't be your starting point goal with any business (though it can eventually become the outcome). Aim to maximize your business as a profitable one, and that will create the most value for a potential buyer down the road.
Hi Kyle, I've left you a private message, if you could read it and then get back to me please.
I always buy with selling in mind. It depends on how well your website is doing and how much your bidder/buyer wants to pay. Obviously, you want to present real stats so they can work out their ROI. You can list on Flippa .com—read the small print and employ escrow services so you do NOT get scammed. They typically charge a fee. Strategies for Selling Websites & Domains
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Has anyone here ever developed an exit strategy to sell the business they built here?
Has anyone here ever developed an exit strategy for the business they built here? I am looking to sell my business but never gave thought as to how to sell until now. Thanks fa
You won't sell your business just because it has a pretty website or lots of potential. Buyers of online businesses are hard-nosed and want to see a proven ROI. What you can sell it for is pretty much dependent on profitability, traffic and size of list.
Hi - this is not the ideal time to be selling a website, given that it could be another month before Google's latest algorithm shows its true impact.
Potential buyers will expect to see proof of traffic and income over at least the last 6 months, and until the Google update is complete, the figures may not be accurate.
Potentially, you could expect to receive 20x to 30x your monthly income.
As Abbie said Flippa is a good website reseller, and there are others. Google up flipping websites.
However, Kyle has hit it on the head with his comments about building before selling. Unless you are making at least a little bit from your website, you are going to find it difficult to sell.
And they look for repeat business that is ongoing. You should build it up before you try and sell it.
Good luck
Your goal with any business that you should build is profit. If you think of "exiting" before you have created a high level of profitability, then you are typically going to never achieve profitability in the first place.
The idea of "selling" is nice, but that shouldn't be your starting point goal with any business (though it can eventually become the outcome). Aim to maximize your business as a profitable one, and that will create the most value for a potential buyer down the road.
Hi Kyle, I've left you a private message, if you could read it and then get back to me please.
I always buy with selling in mind. It depends on how well your website is doing and how much your bidder/buyer wants to pay. Obviously, you want to present real stats so they can work out their ROI. You can list on Flippa .com—read the small print and employ escrow services so you do NOT get scammed. They typically charge a fee. Strategies for Selling Websites & Domains
See more comments
You won't sell your business just because it has a pretty website or lots of potential. Buyers of online businesses are hard-nosed and want to see a proven ROI. What you can sell it for is pretty much dependent on profitability, traffic and size of list.