The Popularity of Purchasing Online Businesses Is Here to Stay
It's no secret that online businesses are on the rise. In fact, they're becoming so popular that it's estimated that by 2025, 95% of all purchases will be made online. That's a staggering statistic, and it's one that businesses should take note of. But why are online businesses so popular? And more importantly, why are they here to stay?
First and foremost, they're convenient. Customers can shop from the comfort of their own homes, and they can do so at any time of day or night. That convenience is something that brick-and-mortar businesses simply cannot compete with. In addition, online businesses often have lower overhead costs than their brick-and-mortar counterparts, which means they can offer lower prices to customers. And let's face it: the price is often the deciding factor when it comes to making a purchase.
There are now literally thousands of online businesses to choose from, which gives customers a lot of options. And with the rise of social media, it's easier than ever for customers to find out about new businesses and products.
They are also a fantastic business to own. Low overheads, limited work required once established, freedom and flexibility are there for the taking. Starting your own online business, creating a brand presence, building a customer base, and stocking up on inventory all take a lot of work though. This is why purchasing existing businesses has become so popular, all the hard work has already been done.
Jamie contacted Bonza to sell her online business. After her free business appraisal, it was suggested that we start marketing at close to $300,000 + stock (approx. $200,000 worth)
These results speak for themselves:
Full asking price achieved (2.5x multiple)
A massive 218 enquiries
11 offers
We loved working with Jamie and wish her all the best for the future.
The popularity of online businesses is only going to continue in the years to come. If you are looking to sell your online business or are interested in seeing what great options we have available to buy then please get in touch by calling 1300 266 922.
