Is this good to sell running business for big business project?

[Tauccerbart]

Hi,



Hope you get my point from the subject but here i explain it little bit more.

Maybe some very good earning member will answer this or any good who knows what i am asking.



I am running different websites and all are giving good enough. I am in profit and have recovered my investment and making new profit everyday.



I have some more ideas in my mind and know they will work in good way because the idea never been implemented online before.



Offcourse i do not have enough funds to start this new business project so if i sell my old websites for raising some funds....do you think it's good step? I think again n again that if i sell and the new project does not go well then i will also lose my old business but who knows what's next



I would like to know the experience of big bros



Thanks

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[vokye700]

Hi

If you are thinking of selling a profitable business (on or off line) to fund a new business, think carefully. It is a common practice, and can be a very good way to generate start-up capital for a new venture.

But, when doing this, you should research the new idea very well indeed. I would spend my time researching the new idea, whilst saving current proffits, so hpefully you only have to sell 1/2 of you existing sites to fund the new one.

This way, you have your eggs in more than one basket, and if the new one does fail, you have a small safety net.



Hope this helps, and good luck with the new idea!



DD

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[meomeo90000]

Selling a total online business is mostly for just 8-10 times the monthly profit......I would never sell my websites for that amount in fact I would and want to buy as much as I can (low budget) because if you wait for a year you have your investment back...that is so fast



Offline a business is worth 10 times the yearly profit. I think it is only a matter of time that an online business will rise in price.



I would sugest against selling ...instead save your money and spread your costs over the next months or maybe see if you can do a partnership on your new project.



just my 2 eurocents

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1. Not to mention, once the customer is in the doors a business has the chance to up-sell that customer (you can't sell to people who aren't there)
2. “Typically you'll find the project is awarded based solely on the low bid, with no consideration given to quality workmanship or good ideas
3. Business brokers or business transfer agents are helpful in selling your business at higher prices
4. My company is currently participating in the beta trial of the application and so far our business is running smoothly
5. There are just certain services that you can offer and others that, if you are responsible, you shouldn't suggest unless the business is big enough to absorb the loss of money
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