1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

Lessons I Learned Selling an Online Business For Six-Figures (Thanks FE International!)

Discussion in 'Site Flipping' started by t0mmy, Nov 20, 2015.

  1. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

    Joined:
    Apr 25, 2011
    Messages:
    14,860
    Likes Received:
    13,518
    Home Page:
    Wow, just read through this post in full. Very interesting and it's surprising (but makes perfect sense now that I think about it) how much work goes in to a sale.

    Tommy I like what you said about having systems in place in your business so that you as the owner can step away.

    Aside from making it saleable I guess it also makes a business much more scalable because it's not over reliant on one individual.
     
  2. dugu1

    dugu1 Registered Member

    Joined:
    May 8, 2014
    Messages:
    69
    Likes Received:
    16
    Interesting. Just to be sure I completely understood, they are using Escrow.com?
     
  3. PredatorKingdom

    PredatorKingdom Regular Member

    Joined:
    Jan 19, 2016
    Messages:
    205
    Likes Received:
    42
    Old thread but great post still useful if you're selling a website today like I am and somebody from another site recommends FE International to me as a better alternative to Flippa.

    I am already not liking my experience at Flippa so far as the sales process is so slow and I believe there's a 90% chance my site never gets sold on there. This has a lot more to due with the buyers and I would really like to be a platform with serious buyers who are interested in paying fast.

    Does anybody know if FE Flippers takes sites less than a year old?

    This is the only annoying thing that I have to do deal with right now when it comes to Empire Flippers. I can't afford to wait another 6 months to sell my site because the value will go down since I won't be able to take care of the site this fall.
     
  4. rafark

    rafark Jr. VIP Jr. VIP

    Joined:
    Jan 15, 2013
    Messages:
    899
    Likes Received:
    544
    Gender:
    Male
    Occupation:
    Moderador
    Location:
    North America
    Home Page:
    Nice read! I was going to like it but to my surprise i'd already done it some time in the past :p
     
  5. cosmo89

    cosmo89 Jr. VIP Jr. VIP

    Joined:
    Oct 25, 2014
    Messages:
    350
    Likes Received:
    56
    Gender:
    Male
    Occupation:
    Web Developer | Marketer | Writer & Traveler
    Home Page:
    Really useful thread. Thanks for the insights man.
     
  6. PredatorKingdom

    PredatorKingdom Regular Member

    Joined:
    Jan 19, 2016
    Messages:
    205
    Likes Received:
    42
    Unfortunately, just like Empire Flippers, there's a ridiculous 18-24 month rule to get a site listed with FE International. These sites put way too much of an emphasis on the age of a site which means nothing in the big picture it's just decoration and has no effect on the actual revenue earned from the site. I told the CEO who got back to me why that rule was so ridiculous and I would never submit a site to them because I can easily get one submitted on Empire Flippers in 6 months from now so why would I wait a whole year just to do business with them? That site age rule is just being too over cautious in my opinion.