So you’ve built your online empire and feel it’s time to move on. You’ve put in the work to grow your business, but now you need to know if it’s possible to sell. While some people are eager to dive into the selling world, others might not feel as confident. They might feel unsure about pricing or wonder how to start the selling process.
In this article, I’ll explain how to determine the worth of your business and a couple things that can help you sell your online business.
What Is My Online Business Worth?
Even if you’re on the fence about selling your online business, every business owner should know what their business is worth. Since your business valuation involves so much more than your net profit or customer base, you need a tool that looks at your entire business.
Empire Flippers, which is a business buying/selling marketplace, has a quick business valuation tool that I personally use. After choosing your business model, you’ll need to input some additional information.
This information will include:
- The date you started the business
- Revenue models
- Average monthly gross revenue and expenses
- Average monthly visitors
- Number of email subscribers (if applicable)
- Number of social media followers (if applicable)
- Number of downloads (if applicable)
I know this seems like a lot of information, but in reality these are just the variables that get factored in to compose a business valuation. Empire Flippers is the valuation tool I personally use and trust, and they will give you an instant valuation of your business. While this isn’t a hard number, it does help you get an accurate ball-park number of what your business is worth.
What to Expect During the Selling Process with Empire Flippers
The selling process with Empire Flippers is straightforward. You can break it down into four steps:
1. Submit Business Info
The selling process begins with submitting your business info to the Empire Flippers team. They’ll ask about your monetization method, business details, and contact information. After you answer a few questions, the team reviews your application.
2. Listing Approval
During this time, your listing goes through the vetting process with Empire Flippers. They’ll take a closer look at the legitimacy of your business through its data, such as website traffic, revenue, and expenses. If they need extra information from you for vetting or marketing purposes, they’ll reach out for clarification.
3. Listing Is Published
If your listing is approved, the Empire Flippers team adds your listing to their marketplace and promotes your business to thousands of potential buyers on their email list. Once your listing is posted, the Empire Flippers team will filter offers and only present you with the serious offers from verified buyers. Note: your business identity remains private, only the industry niche and business model is revealed on the marketplace and email list. This is to keep your privacy, and the privacy of your business, protected.
4. Sell Your Website
Once you come across an offer that’s right for you, the real fun begins. Empire Flippers starts to shine even brighter as they help migrate the business from you to the new buyer, start-to-finish. They even have an in-house escrow service and a full migration team!
Sell Your Online Business with Empire Flippers
So, can you sell your online business? Absolutely! From personal experience, I can assure you that Empire Flippers is ready to help you through the selling process. Since their inception in 2012, they’ve sold hundreds of businesses, totaling over $375 million in value, and yours could be next.
To find out more about the selling process and if your business is a good match for their marketplace, you can schedule a phone call with Empire Flippers to start the process.
