My starting start bleeding money – here how I sold it anyway

If you are here, you may have one or more startups or you are considering building your first. You may be here to reveal the great secret: How to sell an emerging company.

Let’s be real-creating your own product revolves around two things: first and main, earn money, and the second, self-realization.

This article will help you know how to sell your startup. I did it, and if you can, can you.

When my trip started as a businessman, I read many stories about the founders who have achieved successful exits, and selling startups for huge sums of money. Frankly, I think this is a dream that many of us share.

But the reality is, not all of our startups start – sometimes for all types of reasons.

• Lack of marketing or experience skills.
• Realizing your starting idea is not good as you think.
• Choose its wrong place or target the wrong audience.
• Feeling of exhaustion and the need for a break.
• Burning and losing attention.
• Facing financial pressure and need money quickly.
• Be developed but not a sales representative or marketer.

Just because your project no longer needs you anymore, it does not mean that it does not need someone.

I worked on my start, Slidelab, for more than two years. After that, I stayed online for a few years as a kind of “dead project”. I launched it with zero experience in startups.

At that time, we were just a small local production studio. But let’s not dive into it now. If I am interested in my individual trip, check my country Telegram channel, “Aleks works” I share more on this topic.

Therefore, my project sat for several years without visitors – mainly dead weight. They were some new visitors, but not much. I decided to sell it and Put a list of all platforms Where I can do that.

I went to each platform, filled its models, sent any required information, then I just waited. The whole process was completely free, of course.

After some time, I started receiving email messages with NDA requests and questions from interested buyers.

At one point, I received a $ 5,000 offer from side viewers, but I wanted more. Some people have asked additional questions about my technology stack, the idea of ​​work, the public, and similar details.

in the end, I sold the start to the software development team. The buyer arrived in DM, and we talked for a few hours to discuss the price. Once we agree on a price, the buyer sent me a purchase agreement. We decided to divide the payment into two parts: at once in advance and the second after transferring the product to the buyer’s servant.

My first experience was to sell a product, but I found it simple and amazing. I think this was because I build my work in public places. I share all the reports, updates and ideas about my products, and I was always open. When someone wants to buy your product, all they need is to check your social media to make their decision.

It took 8 months from the moment when the sale was published for the first time. I can’t share all the details of the deal because, of course, I signed on NDA and other documents. This was not a large amount, but it is enough to live as a single pioneer in Thailand for a year. It gives me freedom to continue to be a single entrepreneur and focus only on my new products.

Now I am working on my next product. Helps investors in the field Rapid to valuable expired areas. I find these areas by bulldozing reliable sources on the Internet such as searching for products, medium, Forbes, and other famous websites.

Fears

Before I decide to sell the unused presentation editor online, I fought with a lot of concerns. Over time, I realized that these fears are very common between developers and start -up owners.

• If the emerging company is not generating income, it is impossible to sell it.
• My producer has no customers.
• My producer does not contain visitors.
• It was not promoted or actively operated.
• My producer is not valuable for anyone.
• The sale process is difficult and unclear.
• What is my start starting value if he does not have any income?
• How do I find a buyer?
• If you sell something, this means that you sell something of bad quality.

All of these concerns are only in your mind.

the buyer

Now, let’s look at it from a different perspective: buyers.

Buyers have money, right? Why are they looking for and buying startups?

• Some small software development companies want a hypothesis test. Buying a ready-to-use product with similar features can be cheaper than a 3-5-month-old payment team.
• Some wealthy individuals who have no experience in technology want to try it. They can buy a product they love and treat as a work experience – lease team, marketing, develop, and promote, such as playing with a game establishment.
• If your project is valuable, the field investors may buy it. The web ready for use increases a distinct field of its value, especially with the additional benefits of senior economic officials.
• The startup may have innovative technology, programs or patents that the buyer sees value for his future operations or projects.
• Even if the start starting is not an income, it may have a powerful user base, a society or an audience that can be liquefied later.
• Buyers may see the possibility of a startup company to grow to become a profitable business with appropriate or strategic resources or scaling efforts.
• The product may complete or enhance the current offers of the buyer, creating opportunities for a cross or sales.

Therefore, as you can see, buyers are ready to gain your projects.

Exhibition is completely in line with one of their causes. They needed a ready -made editor to use online and wanted to add some advantages of automating artificial intelligence to test their hypothesis quickly.

What can you do to try to sell your project?

Then I decided to write an article Review all web platforms where you can sell your productand It aims to attract the attention of more people in technology. In the article, I also mentioned that I was selling online presentation editor.

I published it everywhere I can free:

I also made Launching the product I noticed that I wanted to sell it in the first comment.

So, let’s summarize.

price

If you want to sell your project successfully, you need to set the right price. The right price is crucial – not greedy, but also don’t reduce the value of your business. The low price can make your product look less valuable.

Be online

Make sure your project is always on the Internet. Renewal of field and hosting certificates and SSL. I forgot SSL at first, but the buyer asked me to repair it to review and test the product – and I am grateful because he did so.

Detailed description

The description of your project should be detailed and comprehensive. Include all relevant information about your project: social media pages, monthly visitors, features, successful or failed experiences, business ideas, and anything else draws a complete picture.

Be publicly

Do not be afraid to be public and participate everywhere you sell your project.

I share more about the journey of the individual businessman on my country Telegram channelIncluding strategies, marketing and real experiences in public places. Subscribe if you want to learn more about online business.

Good luck with the sale of your project!