There are so many reasons why you might want to sell Internet business. Maybe you are selling out of necessity, perhaps the business grew too fast, too soon or it might be the perfect time for you to sell. Regardless of the reason, it is important that you sell the business the right way. That is why we exist. At So-Cal Business Brokers we have been involved in the sale of online businesses for years. We know how to find the best buyer, get you the best deal and how to close fast and for the right price. In addition to that, we will give you valuable advice to help get the best deal at the end of the day. Here are the main things we recommend you do when getting ready to sell your online business.
Selling an outdated website / platform will be hard. Not every buyer wants to take over your customer base. Some are interested in your system. Updating your system will make it much easier to sell Internet business. You should start by cleaning the backend and frontend of your website. Having the latest system will make your business more enticing to any kind of buyer.
At So-Cal Business Brokers we understand exactly what buyers want to see in an Internet business. We will give you valuable pointers that help you not only get everything in perfect order but also help you attract the right buyers. Contact us now to find out more. We offer a free consultation.
Organize your inventory
Considering not everyone is interested in your platform, it is good to get your inventory in order. Start by getting rid of everything that is no longer in stock and organize the available stock neatly. Now is also the best time to organize your categories so that your website doesn’t look cluttered. Optimizing your product images and using professional photographs instead of stock photos will also help. Don’t forget to rework your web content and product descriptions.
Get financials in perfect order
Another very important thing you have to do when you want to sell Internet business is to get your financials in order. This is a key step to getting a favorable valuation from our business broker. Update bookkeeping, and create a one-page quick glance reference sheet that includes the following:
- Past 3 years of sales revenue
- Percentage of growth per year
- Value of available inventory
- Monthly operating costs
- Number of customers, conversion rate and orders placed
- Active wholesale accounts
These few steps will help get ready to sell internet business. We further recommend that you be certain that you really want to sell. If you have any question we encourage you to contact us today. We offer a free consultation with our experienced business brokers.