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hi this is job from digital exits and these are the five ways to sell your online business for a higher price the first method is selling on your businesses growing you’re going to receive a higher offer from a buyer if the growth trend of your business and profitability is improving rather than declining it’s simple risk analysis by the buyer that if something is on the way down then they’re going to pay a lower price and if something is growing because they can see that if the growth trend continues they’re going to make more money in the future therefore they can pay a higher price the second way of increasing the value of your online business is diversifying income and traffic if you’ve got diversified income streams then if you lose one stream of income then you’ve got other income streams to rely on to keep the business running the same with traffic sources if you’ve got a reliance on one traffic source then there’s a higher risk if you lose that traffic source that the income of the business is going to dry up a classic example of this is businesses that are highly reliant on google or search engine traffic if that business is affected by any of the google updates and it loses a majority of its traffic then you’re going to lose a majority of the income and then the new buyers then going to not make their money back or return on investment the next way to improve the value of your business is to have your systems and processes documented this means the preparation of an operations menu that is basically a document that you hand over to the new buyer that says here’s the business here’s how it runs he say you can train staff here’s how staff can run all the processes and it’s basically manual on how to run the business that same document also ties into point number for extraction of the owner the less involvement that the owner has in running the business the higher the offer is going to be because it turns the business into an asset or an investment rather than just a job if you’re buying a business whether the owner has to work lots of hours in the business then it’s more of a job than it is an actual investment people will pay a higher price for investment than they will for a job and the final method of increasing the value of your online business is mitigating risk you want to reduce or identify the risks for the buyer and then eliminate them so that they feel safe and comfortable that the businesses can going to continue to make a profit into the future this means eliminating financing risks this means eliminating legal risks this means eliminating system risks for example you know is the business reliant on a single traffic source is the business reliant on a single income source there any legal issues that are over clouding the business that need to be eliminated you know are there any process based problems with the business does it need a new stuff and things like that so red flags that are going to come up in the due diligence process you want to eliminate them before they come up so those are the five main methods of increasing the value of your online business if you want some help to find a buyer to purchase your online business and you’re thinking of selling then check out the link below this video
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