You know that the Internet is booming, but did you realize that 20 percent of global economic growth is due to online businesses? Experts predict that the importance of online businesses in the overall global economy will only grow in the future, meaning that outlooks for many types of online businesses are good. Among the many types of online companies, there are some that stand out. Here is a look at three of the top online business industries:
1. E-commerce What Is It? E-Commerce is the selling of goods online. This can be done through a business website or through an online […]
If you’re hoping to buy or sell an online business and it’s your first time being involved with a sale, you’re about to be introduced to a whole new set of terminology. The process used to sell a web business involves a number of steps and many types of documentation. While website brokers can help you navigate the process, having a thorough understanding of some of the most important terms is sure to come in handy. One term you’re almost certain to encounter is a Letter of Intent, and this document is incredibly important to both buyers and sellers. The […]
If you do any kind of reading about marketing at all, you’re going to see tips about using social media as a part of your strategy. There’s a simple reason for that–social media marketing truly is becoming a necessity for businesses across all industries.
Many business owners are reluctant to believe this, though, because they’re stuck on two big myths about social media. If you’ve let either of these two beliefs keep you off of social media, it’s time to make a change and fast if you don’t want to lose out to your competitors:
Ask any online business broker for a list of things that will help you sell an online business for a top price, and growing sales volume and strong profitability are sure to be on the top of the list. To achieve those numbers, you need satisfied customers. Studies show that it’s much more expensive for any business to attract a new customer than it is for one to retain a current one, and that’s even truer in the world of online businesses where more inexpensive forms of marketing like signage and flyers just aren’t possible.
More and more people are considering starting an online business in hopes of becoming their own bosses and realizing their dreams of becoming entrepreneurs. While traditional Internet businesses like e-commerce stores and service-based businesses are still incredibly popular choices of start-ups, a newer type of online business is slowly gaining traction and attracting would-be business owners as well as investors. That online business model is the subscription box business, and if you’re toying with the idea of entering the online business world, it could be the right choice for you.
What Is a Subscription Box Business? A subscription box business isn’t […]
If you’re thinking about trying to sell an online business or possibly buy one in the near future, it’s important to be aware of the trends in small business acquisition financing. In other words, you need to keep abreast of how other entrepreneurs are paying for companies that they want to purchase.
Why does it matter to you? Well, if you’re hoping to soon be a seller, you’ll want to have some feel for how your prospective buyers are likely to pay. If sellers are likely to go through a bank or take advantage of a government program to obtain […]