To sell a brick-and-mortar store, you need a real estate agent, but if your company only exists online, you need Flippa. As the virtual realtor for online businesses, Flippa listings include blogs, mobile apps, Shopify or Fulfilled by Amazon stores, SaaS companies, and more. CEO Blake Hutchison visits the show to share insights on evaluating virtual business assets, documenting profits, current trends in the sale of digital real estate, factors that impact selling price, and more. Learn how Flippa connects buyers and sellers online and fills a new niche in the digital age.
2:20 - Blake's career journey
5:32 - What Flippa is and how its marketplace works
6:56 - Unique aspects of selling an online business
8:24 - What businesses are best-sellers on Flippa now?
9:52 - Nuances of selling a business on Flippa
11:26 - Four factors that increase valuation
14:42 - Business longevity, net profits impact selling price
17:12 - Documentation buyers will need to see
19:51 - Buying assets only vs. buying organizations
21:19 - Three ways Flippa sales and commissions work
24:04 - Do business owners "flip" companies on Flippa?
How can your business cement its brand online? Learn helpful tips at www.paychex.com/articles/marketing/cementing-your-business-brand-online.
If you run a microbusiness and want to better compete online, review our guidelines at www.paychex.com/articles/marketing/6-online-microbusiness-strategy-tips.
Have a topic or guest to suggest for the show? Submit your ideas to: http://payx.me/thrivetopics
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.