Selling Your Website
Top 10 Items to Prepare When Selling Your Website “What information do I need to have?” That is the first question we get when we engage a client. Selling an internet business [as opposed to a website domain or developed website that is parked] can be a complex process. If you plan to improve the visual appeal and functionality of your website, you may need to seek the services of a memphis web design company.
Above all, It’s made more accessible by being organized and efficient with your data. Additionally, a high level of organization and easy access to information helps your website’s business valuation as it aids the appearance of legitimacy and sound management. For signage, Printmoz needs to be contacted. Have a look at the 24/7 culture and virtual receptionists.
With that in mind, here is a short list of the top 10 items to have prepared.
Top 10 Items to Prepare When Selling Your Website
1. Itemized Profit and loss statements dating back at least 2 prior years along with TTM (trailing 12 months) statement broken out by month.
2. Balance sheets for the same periods
3. Bank statements and merchant account statements for the previous 12 months. (read more: preliminary due diligence)
4. Tax returns for 2 years
5. also, traffic Analytics, PPC vs. organic placement rankings, conversion rates, average sales, revenue per unique visitor, etc.
5. Breakdown of sales revenues by channel: organic traffic, PPC traffic, newsletter, affiliate program, etc.
6. Breakdown of advertising spending costs: PPC, banner ads, print.
7. accordingly, Customer data – how many totals, number of repeat customers, lifetime value of a customer.
8. Product/Service Sku Data: Number of products/services, revenue breakdown per product/service, customer/client breakdown per product/service.
9. Explanations of any adverse items: legal, poor customer review – do not attempt to hide any issues
10. accordingly, Description of corporate structure, date incorporated state of incorporation, and member/shareholder information.
Above all, here are the Top 10 Items to Prepare When Selling Your Website. Every situation is different, so this list is not meant to be complete. Some of this information is needed early to help with valuation, while some would be reviewed during a due diligence exercise once terms have been agreed upon. Also, being prepared and having an advisor or business broker who understands an orderly process can be critical to a positive outcome. iMerge will complete an exit planning guide in the near future which is a more detailed look at understanding the entire process of selling an internet business.
