Online marketplace for selling and buying business? There are several platforms where you can sell your business or buy an 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 expand 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. 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!
Tips for selling a business: Let’s say your business is well-structured and it’s a legal entity. In this case, be open to small businesses loans to make it easier for a buyer in the United States, which is where most of your potential buyers might be. Nowadays, that’s the way most people buy small businesses. They take a loan from the bank, and once they know the business they’re buying is an USA entity, it makes it everything easier for them to get a loan. If the business is not American, they won’t get the loan. This will leave you with less cash and make the whole structure much less beneficial for you. If you know ahead of time you want to sell your business, maybe in 12 months or more, restructure your legal entity. Consider setting your company in the US, in the UK, or any other place but make sure you get advice from a broker because this structure will give you a better evaluation and, eventually, more bang for the buck. Remember that buyers want practicality and even though your buyer might not be in the US, my experience tells me most of them are. See extra details at Selling a business almost free of charge.
Shopify Exchange is one of the newest marketplaces you can use to buy and sell online businesses, and it’s the only platform that specifically focuses on Shopify businesses. There are advantages and disadvantages to this, but the main advantage is that when you buy an online business for sale on the Shopify Exchange, you know you’re getting a Shopify store. Since Shopify is one of the top and most highly recommended ecommerce platforms in the industry, (we discuss why in our Shopify Review: The Pros & Cons of Selling on Shopify article) this is a good thing! It’s also great because Shopify sellers integrate their stores directly with the Shopify Exchange, so they can’t edit or change any of the data that gets pulled into their store’s sales listing like their traffic and revenue numbers. This means that you’re less likely to have any of that important information withheld from you by the seller.
As for FE International, I’ll start by saying that the cheapest website I found on their marketplace was listed for $27,300. So in that respect, FE International is probably not a good place for newbie website investors to start their website investing journey. Sure, the possibility of getting scammed is lower, but you will have to be ready to shell out $30k, $40k or more for your first deal. I am not sure that’s a great idea unless you have money laying around and want to have fun. Last time I checked with FE International (2017), in order to get the information on a listing, you need to sign an NDA with them. You fill out a form (example below), and they email you to review and sign a Non-Disclosure Agreement. If you are serious, this shouldn’t pose as a problem, and the listing itself is enough to tickle your mind. I am hesitant to notice that multiples are higher on FE International compared to Empire Flippers because many factors come into play and a more serious comparison between the two is necessary.
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.