Buy Established Website Business
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Large brands used to have a massive retail-environment advantage over mom-and-pop companies because of their distribution. Now, the playing field is even, thanks to the internet. You don't have to be a national brand these days to build a million-dollar online business.
A solid product, combined with the right advertising platforms and targeting, can quickly make a no-name brand wildly profitable in a short period of time. Now, not every entrepreneur wants to start building an online business from ground zero like I did with my company's brand, which sells teeth whitening pens and kits. Instead, some prefer to buy an established website.
This option eliminates the brand conception, monetization strategy and business model development, allowing you to jump right into business development and growth. While buying an established online business eliminates a lot of the early-stage foundational work, its success is still contingent on your ability to run and manage the business. If this option is appealing to you, here are three ways to buy an online business.
The most popular option is using an online marketplace to buy an online store. It's a great place to search for available opportunities, as you are able to see what is available in the industry or niche of your choice. It's important that you find a business that you are truly passionate about.
Even though it's already established, it's going to take immense work to operate and grow the business, which is a much less daunting task when it's something you truly love. Your new business is going to be a marriage, so you better love what you are jumping into.
If you know what you want or have a particular online business already identified, reach out to the owner and see if they are interested in selling it. You can reach out through the website's contact options or do a WHOIS search to find the owner's information.
When you do reach out, it's important that the owner knows you are 100 percent serious about negotiating a purchase agreement. If they have the slightest sense you aren't serious, you more than likely won't even get a reply. This is where your preparation will help get their attention and help you make a smart business decision.
A little due diligence is wise before you initiate contact. You want to make sure the online business is healthy. You can use tools like SEMrush to analyze website traffic and Open Site Explorer and Ahrefs to dive into its link profile. If the traffic and backlink profile look solid, you can then approach the owner. If there are any red flags, like a spammy link profile, then you will want to dive into your research a little deeper to determine if it's even worth pursuing.
Just like a real estate transaction, a broker is only paid when the sale is completed. It's in their best interest to find you the best possible online business opportunity and handle the entire acquisition process from beginning to end.
BizQuest can help you list any type of business, from the service industry to construction, online or wholesale. Regardless of whether you own an established business or are trying to sell business assets like equipment or licenses, you can create a listing in just a few easy steps.
Using BizQuest makes buying and selling a business less challenging and nerve-wracking than doing it independently. We take the guesswork out of the process, protect your identity, and ensure that your listing gets plenty of views. Contact us today to get started.
Changing your career is an exciting time. While you can enjoy taking on a job promotion or totally changing your industry, you can also choose to buy a brand-new business. You can totally revamp your life and change the way that you work, becoming your own boss and enjoying making a schedule that is best for you. Buying an online business certainly has other benefits alongside these.
While there are numerous perks that come with purchasing your own business, there are certain things that need to be considered. The first, of course, is going to be to consider whether you are ready to build your own business from the ground up, or if you want to purchase an existing business. Building your own business online especially can be pretty inexpensive, considering the fact that there is a low initial startup cost that comes with buying and creating a new website. This is in comparison to buying an established website which will typically require that you spend more money to do so.
While you can build your own online business for a lesser investment at the beginning, buying an online company comes with other benefits that you should consider as they can make the business costs a factor that you may be much less concerned about.
When you purchase a well-established business, you will also be purchasing a dedicated customer base alongside vendors that took many years to build up. Having such relationships readily available to you is going to save you a lot of effort and time trying to locate suppliers and foster relationships with them as well as saving you time on building up the necessary trust with the customer. Having supplies and customers will allow you to operate your new business on the first day that you acquire the business itself.
Bloomberg states that 8 out of 10 business entrepreneurs that begin a new business will experience failure within the first 18 months, meaning that 80 percent are unsuccessful. This statistic makes it apparent that there are a lot of risks when getting a startup business off of the ground. When you acquire an existing business, you will be able to enjoy a pre-existing track record of profit, making it a less risky investment and a rather smart move that you can use to continue to grow the business.
There is an incredible amount of time and energy that you must put into developing the technology platform, vendor relationships, staff, marketing plan, etc. When you have an established business, this is all going to be put into place for you already. This allows the new business owner to focus on growing and improving the business right away, helping to increase the chance of success much more quickly than one might be able to with a startup business.
Acquisitions Direct is a highly experienced group of online business brokers that have years of experience in assisting buyers and sellers through the acquisition process. If you are looking to sell your online business, our specialized internet business brokers are there to guide you through the sales process. Contact Us to see what your internet based business is worth.
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.
Ultimately, the key to successfully purchasing an online business is finding the one that suits your talents and interests the best. Hiring an online business broker can help you to find the best investment.
What started as two brothers in a bedroom tinkering away with a website, has evolved into a global enterprise. We are still a family run business, with those brothers, Marcus and Andrew, still running the show.
Since those early days our passion for introducing people who want to buy a business to those who are selling a business has grown exponentially along with the site. BusinessesForSale.com has evolved into a truly global service that connects over a million business buyers and sellers each and every month.
For 20 years we have been helping business brokers and private sellers market their listings. From cafes to construction businesses, some of our most exciting business opportunities have included the makers of Big Ben's clock, a Chinese toll road, a crocodile farm in Thailand and even a tropical island!
We have become the world's largest marketplace advertising 59,099 businesses for sale in over 130 countries. The website is proudly run by our team of 32 based in London, Sydney, North Carolina and Mexico City.
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