Where The Real Money Is Created – Online Business

Where The Real Money Is Created

I can’t emphasize the importance of what I’m about to tell you enough.

If you look into entrepreneurs who have made fortunes – I mean SERIOUS wealth – in almost every case the money came not from inside the business, but from SELLING the business.

You’ve heard various news stories of internet companies selling just 1-3 years after their initial start-up.

And the businesses you acquire about sell for 7, 8 and even 9 figures.

If this sounds out of reach right now, picture this scenario: you begin a business today, and in 6 months to 2 years you sell it for six figures.

Would that make an excellent payday for you?

Now you would possibly be thinking that selling your business is something you do not need to worry about until long after you begin it.

Not so.

If you’re starting a business right away, you must also be considering your exit strategy.

After all, you’ll get uninterested in what you’re doing and want out. or maybe you would like quick cash. or you plan to get into an entirely different direction.

So you choose to sell your business.

If you’ve laid the groundwork, you must be able to sell quite quickly and for a very good price.

Here’s what you need to know:

Don’t think about it as flipping an internet site. think about it as selling a BUSINESS. That’s because buyers don’t need an internet site. they can build their own website cheap enough.

What they do require is a ready to go, money-generating cash-cow business, so make your plans accordingly.

Make your business transferable from Day 1. Every product should be its own entity – in any case, one product can actually be a complete business.

Give it an internet site of its own, its own list, its own buyer base, its own affiliate program, and affiliate list, etc.

Don’t brand it exclusively along with your name. It’s fine to connect your name to your XYZ product, but don’t call it “your name product.”

Now you see why your name has to be completely separate from the product name.

Yes, it is a bit strange to think about your exit strategy when you’re just starting a business.

But when it comes time to sell, you will be glad you did.

One more thing – what if you have got a partner?

Write into your agreement about what is going to happen if you sell. Just look into the probabilities and agree on how it will play out if one among you wants to sell to the other, or if you both want to sell to a 3rd party.

You can make a decent amount of cash by making each of your businesses as stand-alone as possible, then selling them when the time is right.

In fact, selling your business can probably earn you more than you made running the business.

Not a bad payday by any means.

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