Do any of you build and sell businesses constantly?

10 replies
Does anybody use a business model where you build a subscriber list, make some sales and good profit for a few months, then sell the business? And then rinse and repeat?

Or do you just keep 1 or 2 businesses with a nice monthly income and try to grow it for lifetime residuals?

Thanks for all responses.
#build #businesses #constantly #sell
  • Profile picture of the author winebuddy
    I think your answer is that if you are a businessperson in the Online environment - you do both.

    If I have a great return on a product/service and it requires almost zero maintenance or care that can be outsourced (and it pays for that) - then I keep it. I will make more over the long run on a property like this. Think 7 years and over $100k net income with no work.

    If it is difficult or requires more care and upkeep or time than I desire, I sell it. Think: I have to do something every day or every week to keep the income coming. Or Think: the buyers require a lot of support.

    Pretty much black and white for me.
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  • Profile picture of the author Aaron Autrey
    Excellent response. Thanks.

    Don't profitable, daily run businesses go for 5-20X their monthly profits?

    It sounds like a winner if you can constantly produce small incomes monthly then flip it for big money. I guess you just have to find a buyer.
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    The good thing about this business is that "People don't succeed cause they aim too high and miss, no, they aim too low... and hit. Most people don't aim at all." (Les Brown)

    Not us... Not marketers. We live far above mediocrity. Always keep this in mind at all times..

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  • Profile picture of the author PerformanceMan
    There is essentially no business in modern times that will yield 'lifetime' residuals. Things are changing WAY too fast for that.
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  • Profile picture of the author Aaron Autrey
    Well ok, but that's kind of beside the main point which is flipping businesses for good profits being super intriguing to me. Anyone else?
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    The good thing about this business is that "People don't succeed cause they aim too high and miss, no, they aim too low... and hit. Most people don't aim at all." (Les Brown)

    Not us... Not marketers. We live far above mediocrity. Always keep this in mind at all times..

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  • Profile picture of the author uk099
    i am starting to treat website property similar to real estate property. So base your returns on yield.
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  • Profile picture of the author Aaron Autrey
    Exactly! Profitable websites, businesses, opt-in lists...

    But where do you find buyers who pay well for businesses? I know for websites you can use flippa... what about buyers lists / opt-in lists...?
    Signature

    The good thing about this business is that "People don't succeed cause they aim too high and miss, no, they aim too low... and hit. Most people don't aim at all." (Les Brown)

    Not us... Not marketers. We live far above mediocrity. Always keep this in mind at all times..

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    • Profile picture of the author uk099
      Originally Posted by marketforus1 View Post

      Exactly! Profitable websites, businesses, opt-in lists...

      But where do you find buyers who pay well for businesses? I know for websites you can use flippa... what about buyers lists / opt-in lists...?
      Flippa is one way

      Contact people in niche or website below your rank is another method.

      Use twitter to contact me people who own similar businesses.

      Look for people looking to buy a profitable business on linkedin or use brokers .
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    • Profile picture of the author JohnMcCabe
      Originally Posted by marketforus1 View Post

      Exactly! Profitable websites, businesses, opt-in lists...

      But where do you find buyers who pay well for businesses? I know for websites you can use flippa... what about buyers lists / opt-in lists...?
      Take a good list broker to lunch. You'll find out that renting lists is usually much more profitable than selling them outright.

      In fact, many print magazines pay the overhead (or less) with the actual magazine and make their profits with list rentals.

      The catch is that so many lists are built with the "we'll never sell or rent your email" promise that selling the whole business is the only alternative. When you make that promise, you create a legally enforceable contract. Sell or rent just the list, and you're in breach and liable for damages. At least, that's my layman's reading of things.
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  • Profile picture of the author Aaron Autrey
    Well sort of but, it's more like "Heres my actual business for sale for $$$". Not necessarily that I'll be selling out lists, but selling my business. So "from this list I profit 3k a month after expenses and working it daily. I'm going to sell it now." - It's more like that. Not "sell your information" type of selling, more like selling a business.
    Signature

    The good thing about this business is that "People don't succeed cause they aim too high and miss, no, they aim too low... and hit. Most people don't aim at all." (Les Brown)

    Not us... Not marketers. We live far above mediocrity. Always keep this in mind at all times..

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  • Profile picture of the author savidge4
    I do as you have suggested 1 to 2 times a year. It depends on the growth of the site. I tend to shoot for forward thinking trends. Right now I am developing 3 UHD sites, I will sell 2 and keep 1. All of the right indicators are there to say this will make it. It wont be a niche, it will be mainstream. Getting into these kind of market points early can and do pay nicely. Some times as in the case with UHD its waiting for all of the pieces to fall together.

    I have never built a site for an existing booming market, and sold it, just not something that interests me I guess. I like the risk factor in predicting the future as it were and being in on the ground level.

    As far as selling these properties. I use a really good broker. I generally will go to him in advance and throw the idea at him. If he thinks the idea is solid, I usually throw those plans in the garbage! ha ha Its the ones that he looks at me and says "WHAT THE?!?!?!" That's when I know I am on the right track!

    Like anything else it takes RESEARCH. understanding what you are looking at and what the potential is, and what and where could be the downfall of the concept.

    So the big question is have I ever failed in any of my ventures? If breaking even is failure then yes. But when I say breaking even, I'm not talking about the expense of the domain and hosting. I'm talking about what I would charge to build the site + domain and hosting.

    A little patience and a lot of research can make this a very viable business opportunity. I personally enjoy doing it, but to knock these out 4 5 10 a year, I think it would grow tiresome. It really can be a lot of work.
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