How To Buy, Renovate And Sell A Business

Posted on 15. Jun, 2010 by Our Internet Secrets in Teleconference summary

Hey folks, we had a great teleconference call today with our new faculty members, Matt and Liz Radd, who were chatting about their passion — buying, renovating and selling businesses.

There are 5 areas of value you need to look at when starting up, buying or selling a business.  They are the:

1. List
2. System
3. Property
4. Brand
5. Intellectual Property

Matt and Liz pointed out that the best place to buy and sell businesses online is at http://flippa.com/.

One example they gave was buying traffic for another site or business that you have.  In their example, someone bought a website that was getting 27,000 unique clicks / month for $390 … that’s about 1.5cents per click.  That’s pretty impressive.  And that’s just for the first month – then there’s no cost for the clicks after that.

You can build an online portfolio of virtual real estate … similar to building a bricks and mortar real estate portfolio.  Matt and Liz show you how you can do this quickly – and get fast results.  In an online business, if you are making $100 per month online … you can expect to sell that business for around 10 x that amount – $1000.  But you need to know how to market it to get the maximum price.

Another example given today was of someone who actually sold their online business for 22 x the monthly income.  Now, that’s worth knowing how that happened.

If you’re members of Our Internet Secrets and you missed the call today, don’t worry you can listen to it online in the members only area.  Julie has taken notes of the call so you’ll be able to get a great overview of what Matt and Liz said on the call.  There’s also a detailed powerpoint presentation to have a look at.

The great news is that Matt and Liz are going to share all their business buying and selling secrets at a 3 day workshop on 9-11 July - http://howtobuyandsellabusiness.com/workshops.html.

Special Deal – if you are Our Internet Secrets members, make sure you go to the faculty offers in the members area and take advantage of Matt and Liz’s very generous offer and discover how to make money online buying and selling businesses.

Looking forward to seeing you there.

Andrew

PS … we have another 4 day workshop coming up on 3-6 September 2010.  Booking details coming soon.