Selling your side project can be a daunting task, but with the right approach, you can find buyers and sell your project quickly. In this guide, we will take you through the six phases of selling your side project: presale preparation, creating a listing, accepting offers, closing the deal, delisting your project, and post-sale support.
First, it’s important to prepare your project for sale. Determine the value of your business by considering factors such as annual revenue and type of business. Clean up your project by fixing any design or functionality issues and optimizing your site. Additionally, create documentation to prove your numbers and describe your project’s features and benefits.
Next, create a listing for your project. Whether you choose to market it yourself or use a marketplace like @acquisitionsHQ, fill out all required fields and provide verifiable data for due diligence. Add images or videos of your product’s UI and include a detailed description of your business, target audience, tech stack, and more.
Once your listing is published, potential buyers will be notified and you can start accepting offers. Build rapport with the buyers, respond to offers in a timely manner, and avoid revealing sensitive information. It’s important to keep the deal on the platform to ensure safety and transparency.
After connecting with a buyer and completing due diligence, close the deal by signing an Asset Purchase Agreement (APA) and using an escrow service. Inform the platform about the acquisition to delist your project and provide any feedback or testimonials.
Finally, offer post-sale support to the new owner for a designated period. Help them with marketing and understanding the product, and negotiate a deal if they want to retain your services for longer.
Selling your side project on @acquisitionsHQ has several advantages. It is a peer-to-peer marketplace with a network of interested buyers, allowing you to choose who to sell your project to. @acquisitionsHQ offers zero-commission deals and facilitates faster transactions, with most deals closing within 30 days. You can negotiate buyers’ offers and enjoy the safety and security of the platform. Additionally, there are no restrictions on the number of projects you can sell.
By following these steps and utilizing the benefits of @acquisitionsHQ, you can successfully sell your side project or small online business in a timely manner.