Tag Archives: online business ideas

How to Find A Business to Buy

You dream of owning a business and experiencing its many benefits freedom, power, wealth, and fulfillment. But you do not want to start a business on your own.  There is too much risk and uncertainty.  Plus, you do not know what you would want to do that could be successful. 

Instead, you want to find an existing business or a proven business idea that you can operate successfully.  But the million-dollar question is: Where do you find it?

There are several methods of finding a business to buy, and each has its own benefits.  Here are some options to consider:

Word of Mouth

This method of finding the perfect business to buy is very much chance-based and consists of someone telling you about, or you drive around and seeing, a business that is for sale.  Due to its nature, you are exposed to a limited number of businesses.  And unless you are lucky that one of the few discovered in this fashion is exactly what you want, this method is not highly effective at finding the perfect business to buy.

Classified ads in the local newspaper

The old-fashioned method of finding a business to buy is to look in the classified ads in the local newspaper and see if any catch your eye.  This is a difficult way to find a business to buy for several reasons.  One, the number of businesses-for-sale listed in the classifieds is small compared to the overall universe of businesses that are for sale at any time.  Two, classified ads typically present you with only three lines of cryptic text to give you background on the business.  And three, classifieds do not have a search function, so you must spend a lot of time looking through all of the classifieds to find those businesses that interest you.  While classifieds can serve a purpose in buying a business, they are not very efficient or effective.

Business Brokers

Business brokers are typically very professional and knowledgeable in the art of buying and selling a business.  Plus, they are skilled at helping sellers sell their business.  But therein lies the rub they are contractually obligated to help the seller sell the business. They are not obligated to you as the buyer.  Therefore, brokers will usually look out for the seller’s best interests first, which means they will often only show you businesses that they represent.  This severely limits your exposure to the number of businesses that are available for sale at any one time, which makes it an inefficient method of finding the perfect business to buy.

However, more common these days are Buyer Brokers.  These business brokers represent you, the buyer, in your efforts to buy a business.  This can be remarkably effective because the broker knows how to navigate the process of buying a business.  However, you often must personally pay the broker to help you buy a business, which increases your costs.  Therefore, it is often best to conduct a search for a business on your own, and then hire an attorney or experienced broker to guide you through the purchase process.  But where do you search for businesses on your own?

Online marketplaces

Online marketplaces typically contain an exhaustive list of businesses that are for sale.  Plus, it is easy to search these thousands of businesses instantly to find only the ones that meet your criteria.  This makes online marketplaces the most effective, efficient and comprehensive method of finding the perfect business to buy.

There are many online marketplaces to choose from, but they are far from equal.  Some have inadequate search functions, others are just interested in collecting listing fees from business sellers, and others do not offer the buyer tools to help make your search process easier.  As a result, selecting a good business-for-sale marketplace is critical in your search for finding the perfect business to buy.

You want a site that allows you to search its listings for free and has a strong search function to help you do it effectively.  In addition, you want a site that allows you to save your searches and be alerted via email anytime new businesses are listed that meet your search criteria.  This saves you the time and effort of continuously searching sites everyday looking for the right business.  Instead, the site does the work for you and presents you with businesses that are of interest to you.

Finally, you want a site that puts its money where its mouth is, one that charges sellers based on performance and not on a pre-set monthly fee.  These sites are dedicated to helping match business buyers with sellers while lowering the cost of selling a business.  As a result, these sites are highly effective for both buyers and sellers.

5 Steps to Small Business Success on the Internet

For years, the website design market used to fall into three separate entities for website design and development: (i) graphics and animation studios, specializing in custom graphic design and creative animations, (ii) website marketing/promotion firms, (iii) Web programming companies specializing in database-driven website development. Nowadays, however, you get to see a fusion of these three entities in several dynamic Web Development and Promotion companies operating from any part of the globe. These web design, development and web promotion firms are virtually allrounders that cater to a diverse range of clientele, include those coming up for creative web design, web databases CRM / ERP as well as for SEO (search engine optimization) needs.

Most small business firms all over the world heavily rely on the services of such web development firms as they usually cater to small business website design by providing web based marketing methods that small companies can afford due to small budgets. Depending on the effectiveness of such web-based marketing, clients often see incredible successful results from clicks to conversion. There are some case studies which show that utilizing their marketing equation; some sites have gone from 10 leads a month to 300 leads. However, to achieve this is easier said than done. Web marketing firms that create a full plan for their clients using both the strategic and tactical methods crafted by specialists/consultants in turn can give small or large businesses increased sales. After all, that is the reason one can zero down on to be in a business, right? To have more sales and offer value. Therefore, the objective behind any web development or website promotion project is to create a unique selling proposition through your website that can set you apart from your competition so your customers should only think of doing business with you, regardless of price.

Small business firms today look forward to the professional creative website design and strategic web development and web promotion companies for the simple reason that they want their site to have the look and usability of a Fortune 500 company site without having to spend huge bucks for it. Yes, it is considered a plus if the website is designed as a tactical marketing tool that aims to engage and educate their clients in turn. And most of these businesses have a concern in their minds: can their web site provide a means to gather analytical data for them to offer better service for all?

Yes, they can. However, for this, optimal, effective website design strategies need to be incorporated. In a word, small business clients should be enriched with at least some of these features to fetch more conversions:

* Cutting-edge small business website design, tailor-made to provide broad market exposure of the products and services to potential clients.

* Highly scalable digital website designs aimed at boosting up the growth and realization of the full perspective of the small business houses.

* Small business website design strategies including full-featured e-commerce solutions, to help these businesses deploy cost-effective, powerful e-commerce stores.

* Customized search engine optimization services based upon individual needs and goals.

However, there are umpteen so-called ‘cheap, quick’ solution-providers, and any small business firm must think twice before taking the plunge with them. Ideally, one should always trust a professional web development firm that gathers relevant information about their clients’ business through hours of discussion, clear up ideas about the requirement, nature, and goal of the clients’ business. Based on these details, experienced, skilled web designers and developers carry out extensive research to find out the best small business website solution. On the other hand, creative, innovative content writers create specific and unique content for small business website requirements, thereby enhancing business prospects. Finally, website maintenance and search engine optimization techniques that comprise scientifically proven techniques available at a competitive price are sure to give your business a boost. Flash Presentation, Multimedia Presentation, Multi-lingual website development and E-Commerce integration solutions complement these customized website solutions for brightening the online and even the offline image of small business firms.

The Five Steps to Success:

To ensure success of your small business through a unique website presentation, it is important that you develop a five-step process for creating websites that meet your customer’s goals. Whether it is a small business firm eager to generate leads, sell online, provide information about their services, connect their vendors to their company electronically, or start an entirely new kind of service, this five-step process not only takes them from concept to completion, but also is the trademark of any Internet development company. Consulting: Every website starts with an idea. Perhaps you’ve been thinking about developing a website or redesigning your existing site. At the consulting stage, a professional website development firm would strive to clear all doubts about the clients’ requirements. Consultation for this usually comes free in case of small to medium-sized businesses.

Website Design: After the initial consultation, the website development firm solidifies the clients’ ideas by creating a blueprint for their site by employing something they call “Strategic Design”.

Website Development: The website development project is then handled by a creator’ hive, composed of specialists who handle their own respective pieces of the site development. Remember, for successful website development, it is necessary to be handled by a versatile team of expert graphic artists, content writers, programmers, database specialists and technical personnel. This ensures that a qualified professional handles each task of the given project.

Web Hosting: Since websites are an intricate interplay of graphics, text, programming and computer resources, building your site on a rock-solid web hosting foundation is critical to its marketing success.

Website Maintenance: Once the site is available to the public, it must be maintained with the help of ongoing updates and continued development to the site so that they don’t give clients/visitors of the site a chance to complain about its quality and content.