How do we value an online business whether it's just an idea in our heads or it's our business and we want to sell it, and how much should we price it? Or if we are thinking about buying an online business, how do we value the business we are considering buying?
Online Business Evaluation From Idea to Sale for Buyers, Sellers, and Entrepreneurs
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I thought to do this after a family member who, to my knowledge, has not done a whole lot in business online, and had found a business that's for sale that looked interesting and asked, "Jerry, what do you think of this? Here are the financials, here's the business model, here's the price."
I looked at it really quick and I said that the price is at least twice as much as it's worth paying for it. There is no way you would want to pay more than 50% of what they have asked for based on my briefest look at this. Even if you were to pay that, you would want to ask these following 10 or 15 questions before you even considered buying it.
I've got this experience by doing business online since 2011 myself, which is over seven years now, and by helping many people build, start, and grow their businesses online.
I appreciate the chance to share this with you and if at this point you think, "Oh, God, I'm too lazy. I can't do this myself."
I've got a gig up on Fiverr and I will do it for you. You can just order my gig, send me what you have got and I will produce an online business appraisal for you.
If you have just got an idea at the Basic level, the Standard, if you are thinking about selling or you just want a value, and I've got a Premium level where if you are considering buying a business, you pay me and give me everything you have got, I will give you how much I think it's worth.
I might be able to save you tens of thousands of dollars or more potentially buying a business that's no good for you.
Read more on my website at https://jerrybanfield.com/online-business-evaluation/
Love,
Jerry Banfield
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