So you have a website or an online business and you’re considering selling it for a lump sum of cash that you can invest in your newest venture, or perhaps use it as a retirement fund or to finance that around-the-world trip that you’ve been dreaming of?
It may seem fairly easy and simple, but in reality, there are a number of pitfalls that the majority of first time sellers tend to fall in, resulting in deals falling through at the last minute, the seller getting paid much less than your business is actually worth, or not being able to find a buyer at all.
I have compiled an overview of the most common mistakes made across the industry, accompanied by some tips for preparing yourself and your business for the exit phase, ensuring a smooth transaction and most importantly – making sure that you will get paid a fair price for your property.