Perhaps the best part about an online venture is that you can get into one quickly and inexpensively whether you buy an existing one or start one from scratch. However, multiples for successful online ventures are far greater than most bricks-and-mortar businesses because of many of the factors you’ll read about here. Additionally, because an online business can be run from anywhere at anytime, it’s an ideal business to have if you’re not yet ready to take the full plunge into your own business or you like to travel, work remotely or casually (it’s 3:00 pm now and I’m in Australia with my family on vacation, looking out at the spectacular Sydney Harbor and famous Opera House… and, even better, people are buying our program right now. Gotta love it!).
Chengeer Lee created labit.io to help researchers create websites for their laboratories. It never worked out. In his blog on Medium, Chengeer Lee explores the main reasons behind this failure: choosing the wrong cofounder, putting to little emphasis on innovation and uniqueness, ignoring the inertia of the target audience, not validating the idea properly, launching too late, etc.
The price for web design ranges from free to $2500.There are too many companies that offer web design so do your homework and ask for references. Several hosting packages come with free templates for you to design your website yourself. If you need someone to help, Fiverr.com has people with pretty good skills that will create simple websites starting at $5 and will give you excellent deals for more complicated designs. You can find logo creations, SEO services, and advertising services starting at just $5.
It’s possible to set up a website yourself, but unless you’re a designer or Web developer, you can expect a pretty steep learning curve. If you have the budget, consider hiring a professional to help you with some or all of the following: configuring the site to look the way you want and include the features you need; creating and inserting a logo; optimizing the site for search engines; and creating text and images. For more information, read this guide by Foundr with a detailed explanation of what it takes to setup website and develop it.
Auction sites are similar to business marketplaces with the main difference being that potential buyers can bid on sites. Using this system, sellers have the opportunity to attract more interest in their websites, drive up the price of their businesses and earn more money. At other times, sellers may auction off a site without having a firm grasp of its value, which gives the market the chance to cast a vote with their bids.
For sellers, just download the Shopify Exchange app to your Shopify store and you’ll be able to add a store description and set a price from there. In order to set your selling price, you can use the Shopify Exchange valuation tool to find a recommended selling price which is based on your store’s lifetime revenue, traffic, social media followers and/or email subscribers.
Launching and building a vacation rental business might require some sweat equity along with the right turnkey software solution to help you keep things organized as bookings ramp up, but if you have an acute attention to detail, then this is by far one of the best businesses you can start online. Of course, this does operate in the real world, but your web presence and marketing skills are really what define this business and helps it to succeed.
Website brokers (such as my company) are experienced in the sale of online businesses, have knowledge and expertise, tools and a broad network to draw from. Broker listings are usually pre-vetted using their due-diligence process, and they specifically look for legitimate, established sites with a stable income -- everything you should be looking for as a buyer.
Great news — there are plenty of e-commerce sites for sale out there. And there are plenty of places to buy them too. Here are four great options. Something to always have top of mind no matter where you buy the business is to do your due diligence. Just because a site is listed for sale on a reputable platform doesn’t mean it’s completely legit. The seller may have inflated his numbers as far as traffic or sales. Just because something is on the listing doesn’t mean it’s true. Do your research.
If you want to exchange the product you ordered for a different one, you must request this exchange and complete your replacement order within 60 days of purchase. The purchase price of the original item, less any money paid to government entities, such as filing fees or taxes, or to other third parties with a role in processing your order, will be credited to your LegalZoom account. Any payments made directly by you to attorneys affiliated with our legal plans or attorney-assisted products are not eligible for exchange or credit. Any price difference between the original order and the replacement order or, if a replacement order is not completed within 60 days of purchase, the full original purchase price (in each case less any money paid to government entities or other third parties) will be credited to the original form of payment. If you paid for your original order by check, LegalZoom will mail a check for the applicable amount to your billing address.