Selling an ecommerce business

Discussion in 'Ecommerce Forum' started by DanielWillis, Feb 16, 2018.

  1. DanielWillis

    DanielWillis UKBF Newcomer Free Member

    7 0
    Hi all,

    Sorry if this has been asked a million times - I've recently started an ecom business which has been fortunate enough to grow quite quickly. We're holding some top positions for key search terms in Google and have made a fair amount of money within the first 2 weeks of launching. Simple single product with a low price point of £7.99.

    Unfortunately I don't have the time to run it and I'm looking to sell it - does anyone have any advice on where to go to sell? Heard a lot of negative things about Flippa and Empire Flippers.

    Thanks
    Dan
     
    Posted: Feb 16, 2018 By: DanielWillis Member since: Mar 27, 2017
    #1
  2. Mr D

    Mr D UKBF Legend Free Member

    9,050 915

    Local shop windows, forums, social media.
    Usually hundred quid or so.
     
    Posted: Feb 19, 2018 By: Mr D Member since: Feb 12, 2017
    #2
  3. The Byre

    The Byre UKBF Ace Free Member

    7,319 2,838
  4. JamieM

    JamieM UKBF Ace Free Member

    2,261 341
    What industry is the business/product in?
     
    Posted: Feb 19, 2018 By: JamieM Member since: Mar 22, 2006
    #4
  5. justinaldridge

    justinaldridge UKBF Enthusiast Full Member

    550 205
    The performance of a website in just 2 weeks is not a good indicator of the long term financial potential of the site.

    If it's making money then why not just get someone to manage it for you?

    It's always suspicious when someone wants to sell a site so quickly that's doing so well.

    I know it sounds a bit negative but I have spent years buying websites and rarely seen one do well in a couple of weeks. I personally invest in long-term revenue potential.

    I think if you sell now you won't get much for it.

    Flippa is probably your best option for such a new site.
     
    Posted: Feb 19, 2018 By: justinaldridge Member since: Sep 26, 2013
    #5
  6. antropy

    antropy OpenCart Experts Full Member - Verified Business

    3,059 518
    If you email me with a bit more info about sales, profit and how much you're looking for we could be interested: [email protected]
     
    Posted: Feb 20, 2018 By: antropy Member since: Aug 2, 2010
    #6
  7. DanielWillis

    DanielWillis UKBF Newcomer Free Member

    7 0
    You have mail!
     
    Posted: Feb 20, 2018 By: DanielWillis Member since: Mar 27, 2017
    #7
  8. DariaKvitka

    DariaKvitka UKBF Newcomer Free Member

    2 0
    I think the best way to sell your website is to announce it via social media pages of your company.
     
    Posted: Mar 1, 2018 By: DariaKvitka Member since: Mar 1, 2018
    #8
  9. dariadavis

    dariadavis UKBF Newcomer Free Member

    15 1
    Why not use social media ads?
    Target your ads on entrepreneurs, test creatives, copy :)
     
    Posted: Mar 2, 2018 By: dariadavis Member since: Mar 2, 2018
    #9
  10. Andrew_P

    Andrew_P UKBF Contributor Free Member

    34 1
    Already making money in two weeks? I don't believe you...
     
    Posted: Mar 2, 2018 By: Andrew_P Member since: Mar 2, 2018
    #10
  11. DanielWillis

    DanielWillis UKBF Newcomer Free Member

    7 0
    And why would that be? The first order was within 3 days of launching. Social media marketing is a very powerful thing.

    I mean, we're about a month and a half in now and it's still making money every single day...
     
    Posted: Mar 8, 2018 By: DanielWillis Member since: Mar 27, 2017
    #11
  12. Mr D

    Mr D UKBF Legend Free Member

    9,050 915
    Do most businesses not make money in 2 weeks?
    Don't think I've ever set one up that didn't. First business I had it took about 10 days to start making money - that was offline so different costs than ecommerce.
     
    Posted: Mar 8, 2018 By: Mr D Member since: Feb 12, 2017
    #12
  13. billmccallum1957

    billmccallum1957 UKBF Ace Full Member

    1,838 391
    We set up our business with a £6000 loan (3.5 years ago), we repaid the loan in six weeks, out of profits.
     
    Posted: Mar 8, 2018 By: billmccallum1957 Member since: Feb 11, 2016
    #13
  14. artbo

    artbo UKBF Newcomer Free Member

    12 1
    It's depends of kind of goods
     
    Posted: Mar 11, 2018 By: artbo Member since: Mar 11, 2018
    #14
  15. justinaldridge

    justinaldridge UKBF Enthusiast Full Member

    550 205
    I'm assuming you are most likely using Facebook ads. If you are using an actual social media account (with followers) then the website is worthless without it as it depends on that source for traffic.
     
    Posted: Mar 11, 2018 By: justinaldridge Member since: Sep 26, 2013
    #15
  16. fisicx

    fisicx It's Major Clanger! Staff Member

    29,067 8,577
    Built the website, set up adwords, had first order 3 hours later.
     
    Posted: Mar 12, 2018 By: fisicx Member since: Sep 12, 2006
    #16
  17. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    9,533 1,923
    Turnover is nice but, profit is what people will look for if buying a company
     
    Posted: Mar 12, 2018 By: Chris Ashdown Member since: Dec 7, 2003
    #17
  18. DanielWillis

    DanielWillis UKBF Newcomer Free Member

    7 0
    Of course, and completely happy to provide figures to people in PM :)
     
    Posted: Mar 12, 2018 By: DanielWillis Member since: Mar 27, 2017
    #18
  19. artbo

    artbo UKBF Newcomer Free Member

    12 1
    Yes that is true, but it generates costs. if you sell cheap goods, it can be unprofitable
     
    Posted: Mar 13, 2018 By: artbo Member since: Mar 11, 2018
    #19
  20. artbo

    artbo UKBF Newcomer Free Member

    12 1
    sometimes it can be up to several percent of the goods price
     
    Posted: Mar 13, 2018 By: artbo Member since: Mar 11, 2018
    #20