How Much Is Your Business Worth (And How Do You Sell It)? | Ep. #826

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 4 November 2018

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #826, we discuss if you should sell your business and how. Tune in to hear what you should consider before selling your business and what steps to take in order to do so. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How Much Is Your Business Worth (And How Do You Sell It)? [00:40] There are a couple of websites that can help you with valuation. [00:48] Digital Exits has different calculators to use. [01:07] FEInternational publishes a lot of different content. [01:25] If you want to sell your site, but aren’t sure what it’s worth, check out Empire Flippers or Flippa. [01:30] These sites will also tell you how much similar sites are worth. [02:01] BizBuySell is another great resource. [02:12] These sites have a lot of inventory you can check out. [02:30] If you have a business that’s worth any sort of money, keep in mind that there is a recession on the horizon. [02:55] Ask yourself if you want to sell at the peak and then buy back at a low point. [03:21] Adventures is a resource Eric recommends. [03:53] Ask yourself if you love your business. If you don’t see long-term potential, go find something you love instead. [04:33] Research website brokers to find the right one. [04:44] You can also find someone to run your business for you as an alternative. [05:00] That’s it for today! [05:10] Go here to see how many downloads the show is getting. Also rate and review to help us meet our goal of 1 Million downloads per month. Hopefully, we’ll see you at the live event in L.A.! Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school with
0:14.9	your instructors Neil Patel and Eric Suu.
0:18.6	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your page speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a
0:49.3	great way to improve your load time.
0:51.6	Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue.
0:56.0	And I'm Neil Patel.
0:57.0	And today we're going to talk about how much is your business worth
1:01.0	and how do you sell it.
1:02.0	So I'll start things off first, the couple of resources
1:04.4	you can use. And even before we do that, actually no, there's no even before you do that. Here, let me give you some resources
1:09.6	right now. So there are a couple of websites out there that help you with valuation.
1:14.0	There's two that come to mind out the gate and I'm going to pass it over to Neil.
1:17.5	If you go to digital exits.com, they have a bunch of different valuation calculators, there's a bunch of different evaluation calculators there's a bunch of
1:23.5	different infographics as well and again these are frames of
	...

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