Valuing your business, especially an online business, is challenging, whether you want to buy or you are the one selling. Like any other business, pricing your online business is tricky as what you think the business is worth and the valuation of the other party can differ significantly. For buyers, the value or worth of the business is determined by the profits and risks involved. However, profitability history, cash flow, and other assets are significant determinants.
Evaluating business relationships and goodwill, which provide much value, is also difficult. This is why you should take advantage of intelligent valuation engines, such as Flippa, to guide your online business worth.
What Is Flippa?
Flippa is among the leading online platforms that allow online enthusiasts to buy or sell websites. You can purchase various web properties from the platform, including;
Domains
Established websites
Applications
Starter sites
The online business valuation tool developed by Flippa is backed by an extensive collection of sales data, which makes it easy for the platform to provide an accurate valuation of your online business. With transaction data spanning more than ten years, the platform provides an indicative valuation of your online business within minutes. Flippa is more or less like a digital assets encyclopedia since collected data is used as a baseline or reference against information that you provide about your online business.
Why are the Benefits of Using Flippa?
Flippa is an established platform with millions of website sellers and buyers. Below are some reasons you should value and sell your business on Flippa.
1. Buy or Sell at Any Price Range
Flippa is a marketplace that accommodates small, medium, and large business owners. Unlike other platforms that only allow buying and selling online businesses with 5-figure valuations and above, Flippa allows everyone to list their platforms for sale. Regardless of your budget and asset size, you can make a purchase or sale on Flippa.
That said, the first step to take before listing your online business for sale is determining its worth. However, this is a breeze, as Flippa compares its vast data set gathered from previous sales with your inputs. The platform also analyzes the age of your online business, business model, niche, and other factors, such as the number of interested buyers looking for platforms like yours, before providing the valuation.
2. Access to Great Deals
Contrary to the perceptions of most people, Flippa is an excellent platform to score raw deals, especially if you know how to use it. As mentioned, Flippa has no limit that restricts users of the platform. This makes it open to all businesses, which provides buyers and sellers with endless business possibilities. While you will have extensive sifting and filtering to do, you can land on great websites and other online tools at a reasonable price range.
3. Easy to Use
Even though millions of websites and other tools are sold on Flippa, navigating this platform is very easy. As a beginner, you can easily evaluate the worth of your business and list it for sale. You don’t need any IT experience to get started. The homepage is very welcoming, with forthright navigation on your next steps. Making a listing as a new seller takes a maximum of ten minutes.
Flippa Verdict
Flippa is an excellent platform that suits online entrepreneurs looking to estimate their online business worth before making a sale. The friendly interface allows users to buy and sell sites at any price range. However, don’t be in a hurry to make a sale or purchase. Sift through various listings to find a worthwhile deal.
Source: https://www.mikegingerich.com/blog/how-much-is-your-online-business-worth-flippa-can-tell-you/
- Mike Gingerich
- United States
