The online business world is booming. With worldwide online sales expected to grow to $6.542 trillion in 2023, it’s the perfect time to dip your toe into the online business world.
However, many people curious about online businesses aren’t sure where to look for them. This article will dive into where you can find online businesses for sale and why these options are great places to get started.
How Can I Find Online Businesses for Sale?
Business brokers and marketplaces are the most accessible places to find businesses for sale. These websites will break down businesses by business model, niche, and price to simplify your search. Many brokers also have business vetting processes to ensure that you’re only getting access to the best online businesses.
Why Use Marketplaces to Find Online Businesses
Most online buyers find online businesses for sale on business marketplaces. Here are three reasons why you should consider using a marketplace to purchase your next online business:
1. Marketplaces Establish Mutual Trust Between the Buyer and Seller
A good business marketplace will help establish mutual trust between the buyer and seller. They might do this through a buyer/seller interview or by sharing the buyer/seller videos with the other party.
Marketplaces will also require their users to complete an ID verification process to confirm their identity and keep scammers at bay. For example, Empire Flippers, the online marketplace I use most, requires all users to submit a government-issued ID and do a video verification before buying or selling a business on the platform.
2. Marketplaces Provide Buyers with Business Transparency
No buyer wants to purchase a business they know nothing about. So while you could go out on your own to find and purchase an online business, you will miss out on the protection a business marketplace offers.
Buyers interested in a business can request to view information like traffic reports, financial information, business analytics, risk assessments, growth opportunities, and more.
3. Access to Real Reputable Businesses
It’s no secret that there are hundreds of scammy businesses out there waiting to prey on innocent buyers. Business marketplaces do the grunt work of sorting through businesses for you and only list the businesses that pass the vetting process.
For example, Empire Flippers has a 2-4 week intensive vetting process that all businesses must pass in order to be listed for sale on their marketplace. In fact, 91% of businesses don’t pass their vetting process! This way you can rest assured that any business you see on their marketplace is legit.
Further, you’ll get all the relevant data you need to perform your own due diligence, which is always recommended.
Find Online Businesses for Sale with Empire Flippers
Instead of wasting time scrolling through businesses that miss the mark, I recommend using a marketplace to find a great deal on a great online business. From personal experience, I can highly recommend Empire Flippers because their marketplace is the most reputable. They only list vetted businesses, they have a full migration team, and they even have an in-house escrow service to securely transfer funds free of charge.
If you’re interested in buying a business on Empire Flippers, you can start your online business search today by scheduling a free discovery call with their team.
