Instructions for use: how to sell a business
Useful recommendations, to whom and how to sell an idea without cheating and with maximum benefit for yourself.
Do you have brilliant ideas that, with proper financial support and competent implementation, can bring good money?
I think they do and I think that you, not knowing what to do with this idea, just let it die ingloriously.
But everything could be different if you knew how to sell an idea and how to get good income from it.
I want to sell an idea, but to whom?
Frankly, I didn't think of writing on this topic myself, I was prompted to do it by an unplanned Facebook "meeting" with my classmate.
Vadik was gushing with ideas at school:
- then he proposed to introduce an elective monarchy at school, electing a king every 2 years;
- then he wrote scripts of some incredible school holidays, from which our classroom the leader grabbed her head;
- either organized frog races on the school playground;
- sometimes made catapults so that one could shoot paper balls.
After graduation, I did not keep in touch with many classmates, especially since Vadik was not one of my close friends.
And not so long ago, a classmate found me on Facebook.
In the course of the correspondence, I asked if he still had interesting ideas.
Hello everyone. In the 90s, the places where things were resold were called flea markets in mass use. Today, such trading can become a successful online business with high turnover.
In this article, we will analyze the income from the resale of goods: what and how to sell, where to buy, how to organize your business.
You can make money by reselling things using several schemes.
Selling a new product with a surcharge
Such a scheme is popularly called speculation: you buy something cheaper and sell it at a higher price.
You can buy goods in bulk and sell at retail, look for suppliers with an available assortment, or do dropshipping (when you order goods directly to the buyer's address, bypassing the purchase stage).
Resale of used goods
Here you can sell things in the same form in which you bought them, or improve the appearance and properties, and only then put them up for sale.
For example, you buy a broken car, give it a presentation, paint, repair and sell at a higher price. Or you buy up the broken equipment and sell it after the repair.
Each of us generates a large number of different ideas every day. Some people happily forget them, some remember them and then share them for free with everyone. Others not only remember, but also try to do business with them, or think how to sell an idea. The trick is that ideas visit us for a reason, but in order for us to implement them.
An idea will not come to mind if only someone, it can only come to the head of a select few, so we can say that ideas choose us. The selection criterion is simple: whoever is more prepared for the implementation of the idea, the idea comes to mind, because it wants to be realized without fail. The preparedness of a particular person is seen as a guarantee that the idea will be implemented.
Those people who are trying to build a business on the idea that visited them are doing the right thing, because business is the process of implementing an idea. Thus, rejection of the idea that has visited you, if we take it by analogy, is nothing more and nothing less than an abortion. Refusing to incarnate, a person commits an abortion, gets rid of the embryo of an idea.
Why ideas come to our minds
There are ideas that can then settle in other people and be realized with their help, but there are those that can only settle in a specific person. If such a person decides to get rid of the idea, then it will be lost forever, which means that the diversity of our world will be significantly less than it could be if all ideas were embodied.
For this reason, it is advisable to think very carefully before giving up the idea
For this reason, it is advisable to think things over very carefully before abandoning an idea, because rejection can be irrevocable. In general, of course, everyone has the right to decide how to deal with the idea, but this material is not about that, but about what to do if, after all, it was decided not to get rid of the idea, but to start implementing it.
First of all, you need to dispel skepticism. Some people think that there is no point in engaging in an idea, because she is an absolute egoist who settles in someone without asking his permission and opinion. In fact, this is not the case. The idea is not selfish, it not only takes, but also gives to the one who implements it. And it gives much more than it takes.
Who can sell the idea to
The properties of an idea are such that the process of its implementation leads to the receipt of profits. The mechanism here is simple and consists in the fact that if it is possible to spread the idea among other people, then they will need a product or service to implement this idea. If you managed to spread the idea, this is the basis for starting to release this or that product.
At the same time, many do not have experience in selling an idea, and therefore all attempts are unsuccessful
After spreading the idea, it will only be necessary to organize the production of a product that corresponds to this idea. Organization of production is not the easiest thing to do. For this reason, some people, although they do not abandon the idea, realize that they themselves do not have enough resources to implement it and are trying to sell it.
At the same time, many do not have the experience of selling an idea, and therefore all attempts are unsuccessful. It is not surprising, because no one really needs a bare idea, because it is not clear whether it will be profitable at all. Everything may be obvious to the seller of the idea, he may clearly know how and how much one can earn, but the buyer does not always understand this
Instructions for use: how to sell a business
When you open your own business, you don't think about selling your business. But no one is safe from the fact that one day the business will have to be put up for auction. How so, you say? After all, you spent 5 or 10 years in it all your energy, time and money! There is no need to be afraid of this, especially if at some point they stopped receiving returns from it.
You need to know how to profitably sell a ready-made business. In this article, you will learn how not to get caught by scammers during the transaction, and as a result, you will get a nice amount. Ev in the future can be invested in a new business.
When to sell your business
Many businessmen find it difficult to part with their brainchild, especially when they have been working on it for several years. For example, sales can drop sharply, although a couple of months ago everything was fine. Let's list the main signs that indicate the need to sell the company:
- Tired of business. Until recently, you were burning with your business, and you had a lot of ideas on how to develop it further. Now you are burned out, and you do everything through force. This is one of the reasons to think about selling a business. Although it is possible that you need a rest.
- Revenues dropped. Have your income dropped dramatically and you barely have enough money to cover your basic expenses? The change in strategy helped for a while, but financial difficulties reappeared.
- No command. It is very difficult for one to do business. If you cannot find like-minded people or hire employees with a similar mindset, then your business is doomed to failure.
- Not dealing with problems. Difficulties with supply and / or sales, customers went to competitors. These are the right factors that your eye is blurred and you do not see a way out of the situation.
- Found another sphere. Everything is clear here. Your business has ceased to worry you so much, and you have found a new area. You have neither the strength nor the time for business.
Most often, business is in trouble:
- in company management,
- in finance,
- in marketing and external environment,
- in production organization ...
If your business has one of these factors that does not last long, for example, a month or two, then you don't need to look for a buyer right away. Although if you are offered good money, then why not agree to a deal. Perhaps you need to change your strategy, or, for example, reassemble a team if there is only one or 2 people left from the previous one.
If there are 2 or more such factors, then start looking for a buyer. The new owner will put the business back on track and even multiply it. Don't try to get out of the crisis. If you cannot get out of it for more than 3 months, then you are unlikely to succeed. You better sell it, otherwise you will lose value.
How to start selling your business
The buy and sell business is the most successful business in recent years. Products from China, Korea and America are especially popular. With the right approach, every entrepreneur can open his own business with minimal investment and risk. We will tell you how to start buying and selling and what can be sold below.
Is it possible to build a profitable business on the purchase and sale of goods
In 2021, everyone can go into business, but not everyone will be able to create a profitable, automated turnover, bypassing all competitors and bypassing the crisis.
The state is trying to stimulate the population to start their own business as much as possible, offering flexible taxation systems and issuing various subsidies to promote a startup.
Today, one of the fastest-paying options for investing money is the purchase and sale of goods. There are 3 popular earning schemes:
- Sale of goods with a surcharge. When purchasing a product at wholesale sites, you can sell it at retail with a wrap or through a dropshipping system.
- Product sales after upgrading. By improving the characteristics of the purchased item, you can increase its value in the market several times.
- Participation in affiliate sales to get a percentage of sales.
Every businessman chooses for himself the direction that suits him, because it is easier for someone to sell goods in large quantities, and someone perfectly sells it at retail. It should not be forgotten that nowadays business ideas in sales are realized online in 80% of cases. Online stores in social networks, landing pages, full-fledged sites are excellent platforms for implementing an idea.
Despite high competition, with the right approach to work and the choice of a niche, every entrepreneur can build a profitable business.
When choosing a product for sale, it is important to take into account the level of demand for it, associated costs. It is most profitable to enter a market with an uptrend, that is, a product that is gaining popularity.
High demand and margins - how to find the best products to resell
Most of the successful entrepreneurs started out by reselling goods, some were engaged in speculation, and some were even selling real estate after minor repairs.
Today, the following niches are distinguished for creating a business on sales: