2021 is coming to an end, but many millions are still on the table.
There’s expectation in the air about 2022 and how eCommerce business and markets will face the upcoming year.
The end of the year is a time of many decisions, be them personal or business related.
Some personal promises from January are yet to be completed; some business goals are still to be reached.
It’s normal to also wonder if this is a good time to sell your business or not.
Throughout this post, we’ll brief you on 3 reasons why today is the best day to start the process of selling your eCommerce business.
When’s a good time to sell your business
Some people say the best time was in the past, in the opportunity you may have let go.
Since we can’t still time travel, there’s no better time than now.
eCommerce is rising (and there’s no stopping it)
Thrusted by the pandemic, eCommerce markets keep on rising everywhere around the world!
Buying online is now the new normal, especially to guarantee Christmas gifts that arrive on time and at a more affordable price.
In fact, by 2040 it is estimated that 95% of all purchases will be through eCommerce.
And the industry is predicted to hit US$ 6.38 trillion in revenues by 2024 (source).
As an entrepreneur, you can take the most out of it by selling your business!
As entrepreneurs ourselves, who have sold and bought multiple businesses, we can assure you that the time is now and that there are literally billions of dollars on the table.
There are billions on hold for it
As we mentioned before, there’s really a lot of money to invest in business.
Yours may be the next big purchase of 2022 – especially if you embrace these last weeks of 2021 to take your online presence to the next level.
You can start working on a few things to increase your business valuation and get the best possible deal.
We’ve shared 5 tips on how to sell an eCommerce business for a higher valuation before. You can read all about it here.
This is also a great time to invest
Selling your eCommerce doesn’t necessarily mean retirement!
To be honest, many of the entrepreneurs we’ve met and worked with have skipped retirement altogether and used the profit of selling their business to either start a new one or invest in other businesses.
Because it’s hard to just stop everything and enjoy the quiet life after doing so much for so long.
You’ll miss the thrill and the fun.
So investing can come as a great way to make even more money without spending the same amount of time and effort as if the business was your own.
You can even do consulting work on the businesses you invest in so you can sell them later on as well and make even more money.
Another idea is to start an InfoProduct bussiness on how to create, scale and sell eCommerce businesses. You’ll be making money with your expertise and help many smaller business owners along the way.
The best time is now
Mindset is the key to all entrepreneurs.
Without a forward thinking mindset, you probably wouldn’t be here with your successful eCommerce.
If your gut is telling you to go through with selling, then that’s what should be on your mind right now.
It didn’t fail you before, it won’t fail you now.
Find out what to do and how the whole process goes.
You can contact us and schedule a free call to find out more about the whole process of selling.