EFP 82: Website Valuations And A 7-Figure Sale (With Drew Sanocki)

Justin Cooke

February 13, 2014

Are you thinking about selling your website? Well, there’s quite a bit that goes into any online sale and that’s particularly true when you’re looking at multiple 7-figures in valuation.

Introducing Drew Sanocki on Selling a 7 Figure Business

Today, I’ve got Drew Sanocki on our podcast sharing his story about how his business fell in value and eventually increased again to sell for 7-figures. We talk about opportunities in the $10K-100K space vs. the higher $100K and up businesses, when’s a good time to sell, and several other things.

We’re moving into the $10K-100K sites ourselves. Our Marketplace has a few sites in that range for sale right now if you’d like to see what direction we’re going towards.

Check Out This Week’s Episode Here:

 Direct Download – Right Click, Save As

Topics Discussed This Week Include:

  • Drew’s business losing value, regaining it, and eventually selling for 7-figures.
  • Opportunities in the $10K – $100K space Vs. $100K – $500K Vs. $500K+
  • How do you know when it’s a good time to sell?
  • How multiples change over time.
  • How you might want to angle the sale of your business.

Mentions:

Quotables:

  • “It’s not just about average order size. How many repeat customers do they have? Try to think ‘Can I grow around that group?’” -Drew – Tweet This!

Do you have any questions for Drew? Leave us a SpeakPipe message or comment below and we’ll get you answers.

Photo Credit: 401(K) 2012 – Flickr


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Discussion
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  1. Herbert Camey says:

    wonderful… wonderful…. im really grateful you guys are offering the new website service… You ballers might look down upon me, lol… cause im a big time small fry, but im happy that all the pennies im compiling are becoming dollars, dollars…. ..Thank you..

    • Justin Cooke says:

      Hey Herbert!

      Definitely not looking down on ya, man. We want to support bootstrapping entrepreneurs. We know that selling/buying a business can be a bit stressful and exciting. We’re looking to take some of that stress off your plate and facilitate awesome transactions between buyers/sellers!

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