Tag: Sell

How To Sell Your Small Business For The Highest Value Possible

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. For some entrepreneurs, the goal is not to own a business indefinitely. In many instances, the goal is to ultimately sell it. The following contributed post is entitled, How To Sell Your Small Business For The Highest Value Possible.

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The secret to good entrepreneurship is learning when it’s time to let go. Some of the wealthiest and most successful business people on this planet made their careers by making companies and selling them for way more than their initial valuation. With these profits, they invested in other things – like new business ideas – and the cycle started again.

If you own a small business and might be inclined to sell it, how can you do so for the biggest value possible? We go over three core ideas that’ll ensure you get as much money as you physically can.

Step 1: Sell at your peak

You’re never going to get a good valuation for your business if you sell when things are rough. You need to demonstrate clear evidence that your business is successful. This means financial records showcase your profit margin is getting wider and wider each year.

It’s like buying and selling stocks – you want to sell when the stock price is at its peak. The same goes for your business; when you feel as though you’ve reached a ceiling or are performing as best as you can, that’s the perfect time to sell. You’re selling a successful company that generates profits, meaning loads of entrepreneurs will be interested. This level of competition creates more value for your company as they all want a piece of it.

Step 2: Pick the right time

While this may sound similar to the first point, it comes at it from a different angle. Yes, the right time is when you’re at your peak – but what about the economy? Is it a smart idea to start selling businesses during a recession?

No. The ideal time is when the economy is in a good place and there’s a thriving market for businesses like yours. The second half of that line is very important – when the market demands are in favor of a company like yours, you can secure a massive sale price.

Step 3: Find the right way to sell

Clearly, selling a business is a huge endeavor that requires lots of moving parts. As a result, the only way to sell it should be through a legitimate business broker.

Brokers will help you get more money from your sale as they can handle negotiations with entrepreneurs or other businesses. They’ll also have a catalog of potential buyers that may be interested in what you’re selling. This is beneficial as it means the sale process can go a lot faster. It removes worries that the economic climate might change or your business may start dropping off before you sell it. If you want to sell quickly and get the best possible price, a broker is where it’s at.

Saying goodbye to your first business will feel very emotional. But, this is just the start of your journey. Or, who knows, it could be the beginning of an early retirement. Maybe you get so much money from selling your business, you no longer need to work anymore. After all, that’s the dream, right?

Selling Real Estate? Here’s Why You’re Doing It Wrong!

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. In the business of real estate, there is a large selling component and there’s an art to it. The following contributed post is entitled, Selling Real Estate? Here’s Why You’re Doing It Wrong!

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There’s no denying that real estate is a lucrative market and one that will always remain profitable, even during times of economic woe. You’re likely reading this because you sell properties, and you want to be at the top of your game.

Did you know that even the most experienced of real estate salespeople end up making common mistakes? Whether you work for a realtor or you have a property portfolio and buy and sell properties, you need to read and keep in mind the following points:

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You Aren’t Using the Right Technology

The first thing you need to do is make sure you’re using the right technology when selling properties. For example, are you taking aerial photographs of each property you sell? If not, now’s the time to get started.

Aerial photographs help sell properties, irrespective of whether they are houses, commercial buildings, or industrial factories. Such photos give potential buyers a greater perspective and understanding of a property’s external layout.

Fortunately, you don’t need to spend a lot to take aerial photographs. You could use an innovative device like the Sky Viper Nano Drone with a tiny camera attached or a larger drone such as the DJI Mavic Pro.

You Aren’t Pricing to Sell

Let’s face it: you want to make as much profit as possible on each property you sell. However, if you set your prices too high, you will most likely price your properties out of the market. The last thing you want to do is sit on real estate for a long time!

That’s why you should conduct thorough market research and price each property accordingly. Doing so will mean you have a relatively quick turnaround for each house, apartment, office block, or industrial premises that you offer for sale.

Properties Aren’t Ready to Use

Sometimes you might want to ‘flip’ properties – buy them at a low price and sell them on for a profit. However, the one thing that puts most potential buyers off properties is when they can’t use those properties immediately.

It’s worth investing some time and money in repairing essential issues. Doing so will help you achieve the profits you want; just make sure you are wise with your repairs and don’t spend money on unnecessary repairs.

The purpose of preparing properties for sale is that you want to give buyers a blank canvas, ready for them to make their mark. You don’t want to sell something that’s essentially a complete restoration project.

You Haven’t Put Effort Into Your Marketing

Lastly, you should always spend some time marketing your properties for maximum effect. You may have a property’s details on your website, for instance, but where else are you doing your marketing?

There are many ways to advertise a residential, commercial, or industrial property for sale. Be sure to spend some time researching the most effective methods so that you’ll end up with plenty of interest and, hopefully, quick sales. Good luck!

Do You Know the Secrets to Selling Success

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Whatever you business venture is, a key is selling. Selling isn’t something that comes easy to everyone and there are a couple of secrets to it. The following contributed post is entitled, Do You Know the Secrets to Selling Success.

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When you’re running a business, making sales is always on your high priority list. You don’t want to spend hours of your time and see no results. There are a handful of secrets to selling that you might not know about. Some may seem quite obvious when they’re explained and others are more innovative. All in all, you want to make life easy for your customers so that they checkout without any hassle. Here are some of the best secret to selling, so take note!

Do Your Research

Making sales is one thing, but if you’re not actually making a profit, this is not going to be very beneficial to your annual turnover. If you’re an Amazon seller it can often be very difficult to find good deals in your niche. When you use tactical arbitrage the process is so much easier as they will source the products for you. Spending a little bit of extra time and money researching the best of the best will really benefit your business in the long run.

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Understand Your Ideal Client

Getting inside the mind of your ideal client is so important, especially when you’re looking to make more sales. You need to know exactly what they’re looking for and give it to them on a plate. Carry out plenty of market research in order to find out what the pain points and problems of your ideal client are.

Make Their Lives Easier

When your ideal client clicks onto your website, are you making their life smooth and simple? Do they know exactly what they need to do next? Place clear calls to action on your website so that it is very clear what your customer path is. Lead them seamlessly to your product page, explain everything they need to know and you are more likely to turn them into a paying customer.

Tell Your Story

People buy from people, so if you’ve got an interesting story to tell, you need to be sharing it. Perhaps there is a reason why you started the business you’re in now. Your potential clients and customers would love to hear about your story, because many of them will probably be able to relate to you.

Get on Social Media

You have probably been told this so many times before, but social media is the key to business success. When you utilize social media consistently, you will start to see increased engagement and enthusiasm around your product. Without platforms such as Facebook and Instagram, you are actually doing yourself a huge disservice. Most of your leads will probably come from social media platforms so it is so important to find a social media strategy and stick to it.

You may already be working on some of the ideas mentioned above, but it is very important to remain consistent. If you put a lot of work into something for one week and then neglect it the next, you’re not going to see the long term growth you’re looking for. Keep an open mind when it comes to implementing these strategies and you will soon go from having a sales slump to a sales skyrocket.

Tips To Help Sell A Home Quickly

Two of the key focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. For many people, their primary residence is their greatest investment. As with all investments, it’s important understand how to resell your home and as expediently as possible. The following contributed post is entitled, Tips To Help Sell A Home Quickly.

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Selling your home can be a whirlwind, but it can also be something that takes a lot of time and effort to make successful. Whenever you are selling a property, you want to be able to do it efficiently and with the best results. So here are some tips to help sell a home quickly.

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Think About First Impressions

First impressions are something that really matters, and when it comes to selling a home, you want to do everything you can so that they leave that property with wanting to sign on the dotted line. Create an environment that makes the buyer want to live in your home right there and then. Display some flowers in the living space and set up the dining table with all your nice cutlery and crockery. Make sure the property smells nice and that there’s lots of natural light shining through. Think about curb appeal and ensuring everything is pruned and trimmed nicely when it comes to the outdoor space. The more you do as the owner, the better you have of securing offers on the home.

Declutter Your Home

Decluttering is essential even before you go letting a photographer into your home to take photos. Whether your home is in Griffith Park or tucked away down an unfamiliar street, a messy home isn’t going to be enjoyable to view. Try to remove everything that’s causing a mess or creating a problem area in your home, and that might be obstructing a view of your property. Whether that’s toys thrown in a pile in a corner or clunky furniture leaning haphazardly against a window or door frame. Declutter and organize your home so that it’s functional for people to walk around freely and without discomfort.

Choose The Right Agents

The agents you pick will influence how quickly you sell your property. You want to make sure that they are familiar with the type of property you have and that they have potential buyers lined up to view the property as soon as possible. The longer it stays on the market, the more dangerous that can be for the value of your home. So choose your agent wisely and don’t be too quick to jump into a partnership unless you are really sure that they are the right match for you.

Be Careful With Your Price

The price you set for your home is important because if you set it too high, then you might not get anyone who is interested. If you set it too low, you could end up missing out yourself on a good deal. Try to discuss your prices with the agents and be sure to do some research in the surrounding area. Look at what you may or may not be in competition with. Set a reasonable amount and know what your lowest would be in terms of asking price.

Selling a home quickly isn’t always something that’s achieved, but with these tips, you can give yourself the best chance possible.

Here’s How To Sell Your Products Online

Three of the focuses of my blog are Financial Literacy/Money, Business/Entrepreneurship and Technology. Much of today’s business is conducted online. There are some keys to selling your merchandise online. The following contributed post is entitled, Here’s How To Sell Your Products Online.

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Although, the internet has its drawbacks (such as hackers that are a threat to businesses) the internet is arguably the root of all opportunity. Mainly because people from all backgrounds, so long as they have a laptop and an internet connection, can earn money online if they put their minds to it.

You may have decided your current physical store that you use to sell your products is limiting you from the reach of sharing your items with the world. Or maybe you’ve uploaded your products online somewhere to sell, but you haven’t received any sales. So how do you sell your products online, and where do you begin?

Choose Your Platform(s) Wisely

You have a few options at your feet for selling your products, but it’s up to you to decide which one fits your product and where you think your intended audience will be. Bear in mind, with ready-to-use popular platforms such as Amazon, there are rules you need to adhere to, to sell on their website. If you trip up and break the rules, it could lead to your account being suspended. If this does happen to you, it is possible to build a case for reinstatement to get your Amazon account back up and running. It just takes a bit of time and effort to do so..

Besides the well-known selling platforms such as eBay and Amazon. Look at the potential of developing your own ecommerce website to display your products to the public also.

Presentation

The way you present your products is an essential aspect to consider. Images that are too dark, poor quality or look unprofessional will prevent your product from selling as well as it potentially could. If you can afford to, have professional pictures taken of your products. If this isn’t possible, create a transparent, uncluttered background for your product to rest. Take shots of different angles in clear daylight, so that the customer may see various aspects of the product before deciding to buy.

Copywriting

The art of copywriting is to set the scene and engage readers on why they should buy your particular product. It’s your pitch to explain why this product is perfect and what it brings to a person’s life but also to outline the specification such as colours and measurements. People like to read about what their new product might entail. They also want transparency on what to expect, and so you need to give the reader both! When you write descriptions etc., keep it clear, simple and in keeping with the voice of your brand.

Reputation

A business’s trust and reliability are earned over time. Once your product begins to gain momentum with authentic online reviews, you can trust that the sales process of your products will be a lot easier. There are ways you can give your product a leg up online in this regard. For instance, you can give your product out for free to popular bloggers and ask if they would be so kind as to write about it on their website. If your product is fantastic, they’ll tell their readers. Which means your audience and reputation gradually expands.

Whether you’re setting up a side hustle or developing a full-time business, selling your products online will be a lot easier to do if you follow the steps above.

You’re Not Selling Your Business Enough

Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. The most important aspect of any business is its sales. Directly related to that is your business’s marketing. The following contributed post is thus entitled; You’re Not Selling Your Business Enough.

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The most important thing that you could possibly do with your business, is sell it right. There are so many people out there who are just focused on one goal, and that one goal is usually based around getting as many sales as possible. Which we probably think you think this article was going to be about. If you’re not selling your business enough, we must be on about selling products, right? Wrong, selling yourself is all about getting your business image across. Because despite what you might think, a lot of customer appeal comes from the brand itself, rather than the products being sold. For example, think about the brands Nike vs Reebok. No, we’re not saying the Reebok isn’t a good brand, because it really is. But when you think about the two your mind is going to instantly look to Nike because it’s the bigger and better brand, not necessarily the better product! So, before we ramble on in this section too much, we want to show you how you can sell your business as a whole a bit more, so that you can focus on making money, rather than selling products!

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Who Knows About You?

Or should we say, who would you like to know about you? When thinking about who you might want to know about you, your options could either be general, or you might need to be specific. For example, if you were to be selling beauty products, there’s no reason why a car manufacturer would be interested in you. You have a certain target audience to meet, and you need to know everything about them if you want to succeed as a small business, and even progress into a much bigger one. To know your audience, you’re going to have to know their likes and dislikes, and what can put you above everyone else. Market research should achieve some of this for you, but you can also look at buying trends on the internet. Then, you need to think about how people are going to find out about you. As a small company your resources might be limited, meaning you can’t run as many effective marketing campaigns as you would if you had a bit more of a bigger business, with bigger finances. But there are some techniques that are going to work better for you than others, one of those being digital signage. You have to think that everything nowadays is digital, so using digital signage rather than paper leaflets or menus is going to attract a lot more attention. You could display offers or information that could draw new customers in. You can find more about digital signage here! Another techniques that we definitely recommend using is content marketing. It’s a way of getting your name out there through online content such as blogs or vlogs. It will usually be the case that a blog post which doesn’t directly link to the client is produced, and then a link to the client is slipped in discretely.

Have You Attended Trade Events?

If you haven’t attended trade events, then you won’t even realise the potential that they could hold for your business. If ever there were a place to sell your business, it would be here! It’s face to face interaction with the people who are going to possibly change your business. Say if you were a marketing company at an event, and there were big companies walking around trying to find their next marketing campaign to partner with. If you were to sell yourself so much so that you gained a contract with a big company, it could totally change the future of your business! There will no doubt be plenty of trade events in your local area as well, or you might find that you have to travel a little bit. If you do have to travel, you could even have the potential of meeting customers you might not have if you stayed in your local area. You can either attend these events as a customer, and walk around to see all of the stools yourself who might be your competitors. This will give you access to information in depth about how their company works, so you might be able to get some great tips from them! Or, you could pay to have your own stand where you’re able to sell your business directly to the people who matter. It’s a great atmosphere, there’s usually so much to learn, and there’s such a potential to earn as well!

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What’s Your Business Focus?

You should never lose sight of your focus. You always need to make sure that you’re concentrating on the things that are going to push your business forward the most. If you have no forward thinking plan, you have nothing to guide your business. You might not be able to move forward quicker, and you might lose sight of what you originally started your business for. So think about your focus at the minute. Are you focused more on customers, sales, product design… what is it that is driving your business at the minute? If you don’t say everything, then you’re not doing it right. At some points yes, you will have to focus on certain areas more than you would others, but for the most part you should have a clear idea in your head of all of the areas of your business. As a whole, you should be focusing on growth, and how you can always be one step ahead of the other companies around you!

How Do You Design Your Products Or Services?

It doesn’t matter if you’re selling services or products, there’s a few general things that you should be thinking about when designing a new part of them. With services, you should always be thinking about what the customer might be missing in their lives at the minute. So, if you’re selling marketing services, you need to think about what tactics the customers you’re trying to reach haven’t used before, and how your company can provide them. The more services you’re able to provide that are relevant to your line of work, the more money you’re going to be able to earn. You also need to make sure they’re streamlined to provide the fastest services. There are so many companies out there who’s processes for their services are just so long. There’s so many steps to the process, and it can just be so annoying to keep following. Keeping it short and sweet is definitely what you need to keep in mind when you think about your services.

If we’re talking about your products, your design work always needs to be creative. You can’t be the sheep when it comes to design, you have to make yours look better and be better in every way. The best way that you can actually do this is to get product design specialists on the scene. They would be able to tell you what makes a good product, what your design idea might be lacking at the minute, and how you can just make it better overall!

What’s Your Customer Service Like?

We hope that it would be amazing, but that’s not always the case as you might know from personal experience. Sometimes you just get super bad customer service, usually in fast food restaurants or shopping malls. All you can do is walk away and think, ‘damn, that was terrible’. And that thought can stay with you a couple of days, and you’ll definitely be put off returning to that store. Are we right? We thought so! So, now think about how you might be able to change your customer service so that it’s perfect. You can learn from your own personal experiences, and you can also learn from online courses that will show you exactly what is needed when interacting with customers to get the best result possible. You should always be looking for the sale, but you also need to make sure that you’re focused on keeping your customers happy. A top tip from us would be that customers love a bargain, so make sure you’re always offering discounts at the til where you possibly can. If you know you’re getting bad reviews with your customer service, then you definitely have something to be worried about. A bad opinion can go along way, especially to customers who haven’t heard of you before. All they will need to see is a dodgy review or two, and they’ll be searching for your competitors instead. Deal with any customer complaints as quickly as possible, and always make sure that you’re focused on making your customers happy on a day to day basis.

So, do you think you have been given a few good ways that you can sell your business a little bit better, or even more than you have been doing. When you have so many people around you competing for the same customers you are, it’s so important that you’re focused on making your business known!