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What is the best place to sell own business?

by naviown
13 replies
Hello,

In the past like 4-5 years ago people was doing an ecommerce website, it was so popular and profitable and after a few years you was able to sell such business for at least 12x of your revenue. From my experience the most popular place for selling such business was flippa.

But what about nowadays, is it's still a good place to list your business for sale? Maybe there are new better places which receives much more visitors.
#business #place #sell
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  • Profile picture of the author Monetize
    Originally Posted by naviown View Post

    Hello,

    In the past like 4-5 years ago people was doing an ecommerce website, it was so popular and profitable and after a few years you was able to sell such business for at least 12x of your revenue. From my experience the most popular place for selling such business was flippa.

    But what about nowadays, is it's still a good place to list your business for sale? Maybe there are new better places which receives much more visitors.

    I had an actual sales experience on Flippa a few months
    ago, I was selling a website there. I find that it is saturated
    and the staff is extremely unprofessional. I don't expect
    special treatment on a site with millions of users, but they
    were awful and I would not use Flippa for any reason.

    I have not used Latona's but I heard from a reliable source
    that it's a great place to sell website businesses. You would
    need to check their rates, it is broker based so it might be
    more expensive but probably worth any added cost.

    Other options are Empire Flippers, eBay, Etsy, and maybe
    even Gumroad or anywhere that has a marketplace, you
    just need to check their rules about selling websites and
    transferring domain names.

    ChatGPT could give you some additional options.
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    • Profile picture of the author naviown
      Thanks for reply. I used flippa like I said 4-5 years ago and it was a pretty good experience, looks the quality of the site dropped a lot...

      Will check Latona, never heard actually about this website.

      You see what I am interested is not to sell a website business, my websites getting traffic and sales, but the main source of income/money is from forums, from big internet marketing forum accounts, I am wondering if there is a place exactly for selling such business, for example something like reddit may work? Is there any subredits for such?


      Originally Posted by Monetize View Post

      I had an actual sales experience on Flippa a few months
      ago, I was selling a website there. I find that it is saturated
      and the staff is extremely unprofessional. I don't expect
      special treatment on a site with millions of users, but they
      were awful and I would not use Flippa for any reason.

      I have not used Latona's but I heard from a reliable source
      that it's a great place to sell website businesses. You would
      need to check their rates, it is broker based so it might be
      more expensive but probably worth any added cost.

      Other options are Empire Flippers, eBay, Etsy, and maybe
      even Gumroad or anywhere that has a marketplace, you
      just need to check their rules about selling websites and
      transferring domain names.

      ChatGPT could give you some additional options.
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      • Profile picture of the author Monetize
        Originally Posted by naviown View Post

        Thanks for reply. I used flippa like I said 4-5 years ago and it was a pretty good experience, looks the quality of the site dropped a lot...

        Will check Latona, never heard actually about this website.

        You see what I am interested is not to sell a website business, my websites getting traffic and sales, but the main source of income/money is from forums, from big internet marketing forum accounts, I am wondering if there is a place exactly for selling such business, for example something like reddit may work? Is there any subredits for such?

        I have heard other complaints about Flippa, so it wasn't
        an isolated incident.

        You can search Reddit and find out.

        I would not do that type of business there, but it is up to
        you where you want to conduct your transactions. I am
        sure there are nice people at Reddit, but I wouldn't want
        to weed through curiosity seekers and lookie-loos.

        All businesses are different, so there's not going to be a
        marketplace for your exact business.

        Some of the website sales platforms are vetting to confirm
        that people are serious.

        IDK what Latona's criteria is, you need to contact them,
        or whoever you decide to go with, and inquire.

        You could also search for brokers on the domain forums
        such as DNForum and the like.

        Again, I would urge you to use ChatGPT so that it can
        help you get your site's sales description organized, it
        doesn't seem that you have that in order yet.

        Don't contact anyone until you get that squared away.
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  • Profile picture of the author deltahost
    If your site is truly profitable and its liquidity is easy to check, it will be bought using various resources: when selling a domain with a description that it is not only the domain that is being sold, but also a business, specialized message boards and direct competitors.
    It's a question of price, if you really want to sell a lot, it will take a long time, if the site is not liquid, you will also sell for a long time)))
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  • Profile picture of the author dave_hermansen
    Use an experienced website broker if you want to get the maximum out of the sale of your website. A good broker has the contacts and distribution to get your site out there but more importantly, they help write your listing in a way that will make it appeal to serious buyers.

    Oh, and getting only 12 times your monthly profit is an extremely low amount. Most websites should be getting 24 months at bare minimum up to 48 months, depending on the site, market, sustainability and eCommerce model. You really need to talk to someone who knows how to market a website for maximum profit!
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  • Profile picture of the author preets
    Flippa is not not good , I also tried to sell my business but not getting good support .
    Also tried a lot of places but most of them charges very high success fee. So I leave it and waiting for some genuine buyer to contact me

    Thanks
    Preeti

    Originally Posted by naviown View Post

    Hello,

    In the past like 4-5 years ago people was doing an ecommerce website, it was so popular and profitable and after a few years you was able to sell such business for at least 12x of your revenue. From my experience the most popular place for selling such business was flippa.

    But what about nowadays, is it's still a good place to list your business for sale? Maybe there are new better places which receives much more visitors.
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  • Profile picture of the author Moodesburn1977
    have u considered selling to a competitor they might want to aquire your business would see it as an asset for them
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  • Profile picture of the author DestinRowe
    Any update? I also want to know it.
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  • Profile picture of the author ra42
    BizBuySell · Empire Flippers · Flippa and social media ( depends on product) .
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  • Profile picture of the author CyberSEO
    Usually the price of the business is about the same as your income for 1 - 1.5 years.
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    • Profile picture of the author dave_hermansen
      Originally Posted by CyberSEO View Post

      Usually the price of the business is about the same as your income for 1 - 1.5 years.
      That is the low end. It depends entirely on the website, its track record of growth, its eCommerce model. where the traffic is coming from and how evergreen it is. The more positive those factors are, the higher multiple you can get, sometimes up to 4 times your annual profit.
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      BizSellers.com - The #1 place to buy & sell websites!
      We help sellers get the MAXIMUM amount for their websites and all buyers know that these sites are 100% vetted.
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  • Profile picture of the author Ushavilash
    I never heard before about flippa and this is really amazing.
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  • Profile picture of the author cashmillionsclub
    A better option is to go with motion invest, which is one of the most effective and user-friendly platforms for selling your business.
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