If you want to sell your online business, then first you need to correctly evaluate it. But how to do it so as not to lose a lot of money, because you have worked so hard to develop your online business! Hmm, the answer to this question you will get thanks to the Flippa program, which we will tell you about today!
But for you, we’ve put together some basic points to help you determine the value of your online business based on various factors and circumstances.
How to evaluate your online business? The first steps
First of all, you must choose the income of your business. In general, the more income your online business generates, the better it is.
Plus, depending on your specific niche, it can be difficult to calculate how many customers will actually buy your product or service.
For example, if you are an e-commerce business, you can attract a significant number of visitors who are considering buying your products. However, only 5% will buy your products, while the remaining 95% will continue to browse your site.
It can be difficult for a newbie to sell their business.
Because the owner will not have an established reputation. In this case, you can rely on your online community and social proof. If you’ve managed to create positive buzz around your brand, then it’s worth more than you think.
The next thing you should be aware of is competition.
The truth is, your business won’t be unique. If comparable online companies are already operating in the same industry, then why would a potential buyer spend money on you?
You can celebrate the uniqueness of your online business and highlight its unrivaled superiority over the competition.
But to keep things simple and give you a better idea of how to measure the value of your online business, let’s talk about Flippa!
Flippa business assessment tool
Flippa is the # 1 marketplace for buying websites, online stores and digital real estate – now making it super easy to get an appraisal of your online business.
By the way, you can try the Flippa business appraisal tool for free!
Just go to this page and enter your business details, including revenue and traffic statistics.
To get started, simply visit the Flippa website and click on the “Get a Valuation” link in the upper right corner:
First, you will be asked a few basic questions like your website name, domain name, your business model, etc.
Here are some of the questions you will be asked:
- What is your name?
- How did your income in the last month compare to other months?
- What is your URL?
- How many monthly users did your site get in the last month?
- When did you start your business? (e.g. 2015)
- What’s your main business model?
- How do you generate the most traffic to your site?
- What type of content site do you have?
- Your main monetization method
- The industry you work in
- When do you want to sell your online business?
- What has been your total income in the past 12 months?
- Your total expenses over the past 12 months
- What percentage (%) of your traffic is organic?
After answering the questions, it will take you a few seconds to prepare an estimate for your business.
You will need to provide your email address to complete the assessment.
Then you will get this:
Just click on «To view your valuation click here».
And here what you will receive:
Once you have received a rating, the website will also display many details about your online business, including traffic data, earnings data, estimated earnings per month (EPM), business history, and many more details.
Plus, you also get trend charts that show how your income and traffic have changed over time.
After you have received an assessment of your business, you can put it up for sale right on the website! Let’s say … it’s some kind of auction!
How much does it cost to list your business on Flippa? All about fees
Flippa only charges 10% of your sale up to $ 50,000. So if you sell your online business for $ 50,000, you will only pay Flippa a $ 5,000 commission. If the sale amount exceeds $ 50,000, Flippa will reduce the success commission by 7.5%.
Flippa charges a 5% commission for sales of over $ 100,000.
- $ 0-50,000: 10%
- Over $ 50,000 and less than $ 100,000: 7.5%
- More than $ 100,000: 5%
There are also fixed listing fees:
- Registered websites and online businesses: $ 49
- Starter sites/templates: $ 15
Flippa: How to evaluate and sell your online business?
The listing fee is what you pay to activate your listing on Flippa. And the pay for success is what you pay when you successfully sell your business.
The list is automatically generated to help you speed up the process. All you have to do is just pay the payment and activate your ad.
You can customize your ad or edit it anytime … at no additional cost.
How to sell your online business with Flippa?
You can put your site up for auction on Flippa for a specific price and see if anyone is willing to pay that price, or perhaps more.
For auctions, the minimum starting bid is $ 1.
You can also sell your website or online business with Flippa for a fixed price. This is the easiest way to get rid of your website or online business.
The “Buy it Now” price on Flippa is the price you charge for your website or business. A bidder can choose to buy your website or company without bidding. This is the guaranteed price at which you want to sell your business.
You will be paid through PayPal once the transaction is completed. Flippa only charges 10% of your sale up to $ 50K.
Flippa Escrow service
Flippa offers buyers and sellers a mediation service between sellers and buyers.
This way, you don’t have to worry about sending your website or online business directly to a buyer and not getting paid for it.
The buyer will have to pay first, then the money will be held in an account, and once the buyer receives your website and confirms, the money will be transferred to you.
Whether you are a seller or a buyer, it allows you to safely transact, sell or buy websites on Flippa without any hassle.
Pretty much any online business or website that makes thousands of dollars every month can be sold or bought on Flippa.
Here are fees for Flippa Escrow:
We will tell you more about Flippa!
Flippa’s Intelligent Valuations Engine is backed by the world’s largest sales database and can accurately analyze your business.
With more than 10 years of transaction data at your fingertips, you can get a pretty good estimate of the value of your online business.
Flippa is like an encyclopedia for all types of digital assets. This massive data, combined with the information you provide about your online business, gives you the most accurate estimate in the world.
Summing up
Figuring out how much your online business is worth can be tricky. However, with the right tools and some effort, you will definitely get a more accurate estimate of your online business!
Flippa makes it easy for you to understand how much you can ask for when selling your business or when trying to find a potential buyer.
Plus, Flippa provides you with a secure platform to sell or buy any business or website!