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6 Reasons Why You Need an Internet Business Broker

After working hard to build your online business, you deserve to get the best possible sale price on what you have built. Many Internet business owners make the mistake of trying to go it alone and sell their businesses independently. Their motivation is avoiding the fees charged by Internet business brokers, but often times, this ends up being a decision that costs them much more than what a broker would make when assisting with the sale. Here are six reasons why you need the help of an Internet business broker when selling any online business: 1. Years of Experience - [...]

7 Most Common Mistakes to Avoid during the Sale Process

When you're selling an online business, you want to get the best possible price for the company that you've worked hard to build. While there are many ways that you can help to boost the likelihood of a profitable sale, there are an equally large number of blunders that you can make that could undermine your efforts. Read on to discover seven of the most common mistakes that Internet business owners make when it comes time to sell and find out how to avoid repeating them yourself. 1. Waiting too long to sell. Many online business owners think to themselves, [...]

Types of Owner Financing

Bank loans for buying Internet businesses are more difficult to obtain then for a brick and mortar business, which can stymie the ability of prospective buyers to invest in new businesses. If you're selling an Internet business or hoping to purchase one, the restrictiveness of lenders doesn't mean that you're completely at the mercy of banks. Buyers can still purchase Internet companies with numerous owner financing agreements. With owner financing, the seller agrees to turn over the business for less than the full purchase price. Then, the buyer settles the obligation in the future. There are various methods of owner [...]

Selling your business with an Internet Business Broker vs. Traditional Business Broker

Getting help selling a business with a business broker is a wise idea for many reasons, but if you own an Internet business rather than a brick and mortar business, it pays to be extra selective when it comes to choosing a broker. If you call a traditional business broker on the phone and ask if he or she can help you sell an Internet business, you'll likely receive an "Of course!" in reply, but that doesn't mean that you can expect the same type of experience when you use a traditional business broker to sell an online business. Opting [...]

Growing Revenue without Adding Overhead

You started your Internet business in hopes of growing and becoming profitable. Now, that you're starting to achieve your goals, you want to continue maximizing growth, but you need to be careful to do so without increasing overhead. When it comes time to sell an online business, overhead can reduce the attractiveness of a company. By reducing overhead in smart ways that improve the efficiency of your Internet business in the years leading up to a sale, you can improve your financials and one day reap the benefits in terms of getting a lucrative selling price. Here are six ways [...]

Qualifications for SBA Loans for Internet Businesses

The SBA loan program was designed to encourage entrepreneurs to start and expand new businesses by providing loans partially backed by the government in order to provide extra security for lenders. The idea behind the program is to lower the risk of lending to small businesses. If you're considering purchasing an online business, an SBA loan may be an option for you to secure at least a portion of the funds that you'll need; however, it can be difficult to qualify for a loan even with SBA backing when you're purchasing an Internet-based company. Read on to learn more about [...]

Defining Your After-Sale Role

When you started your business, you dreamed of one day profiting from it. Your goal was to grow it and then sell it for a profit, and now, you are finally nearing the realization of your dream. But what comes after the closing? Very few business owners take the time to consider their exit strategy and then find themselves pressured at the last minute to make a decision regarding how they will leave their companies. In almost all cases, selling your online business includes a transition period of three to four weeks where you train and transition the business to [...]

8 Benefits of Buying an Established Online Business

If you want to invest in a business, you primarily have two options. You can embark on your own endeavor to launch a completely new company, or you can opt to purchase an existing online business. While there are some benefits to starting your own company or backing a successful businessman or woman in your community, there are some distinctive advantages to buying an established business. Read on to explore the eight reasons why buying an established business might beat the benefits of investing in a new company. 1. Real Results - When you're investing in a startup or researching [...]

Are Business Plans a Waste of Time?

When you read most of the literature about starting an online business, the conventional wisdom is always to begin by writing a business plan. You hear the advice that you must have a business plan to ensure success so many times that it can begin to feel like an unarguable truth about beginning your own company; however, the truth is that a business plan won't keep your company from failing. In fact, all too often, people invest too much time in their business plans and wind up missing other important steps in the planning process.   Here are three things [...]

How Long Does It Take From Listing to Closing?

When you decide that it's time to sell your online business, you want the process to reach its conclusion as quickly as possible. As a result, it's natural to wonder just how long it will take for your internet business to sell once you've officially listed it with an online business broker; however, it's not easy to determine an exact timeframe, as many things can affect the speed at which your online business sells, including:  - How strong your sales are  - The desirability and appeal of your industry from a buyer's prospective  - Future growth potential of your online [...]

What Internet Business is Right For Me?

If you're considering buying an Internet business, you'll find that there are thousands of companies out there waiting to be purchased. Deciding which one is right for you can be challenging, but if you begin the process with some self-exploration, you can quickly narrow your focus and hone in on the businesses that are the best fit for your needs. To begin this process, follow these steps. 1. Examine Your Strengths Everyone has things that they are especially good at. Are you a strong writer? Do you have talents with web design? Are you knowledgeable about search engine optimization? Is there [...]

Selling Your Business Yourself? Why it may not be a Good Idea

As an independent online business owner, you may think that selling your business yourself is good idea; after all, you know your company best, and you will maintain more of the control. However, after you examine the steps necessary to sell your business yourself, you may reconsider. Selling an online company is a complex activity that requires a third party to coordinate the activities of the seller and the buyer; a business broker has the experience and training to assume that role. Many business transactions fail because the seller tries to exclude a business broker from the selling process. A [...]

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