How Flippa’s Cutting-Edge Marketplace Technology Brings Entrepreneurial Dreams to Life
Flippa is the #1 leading marketplace for buying and selling online businesses, including eCommerce stores, Amazon FBA stores, Shopify stores, SaaS businesses, affiliate sites, blogs, domains and apps. “Flippa combines M&A expertise with world-class tech enabling business owners to access a global network of buyers and investors in the most cost-effective way,” commented Flippa CEO […] The post How Flippa’s Cutting-Edge Marketplace Technology Brings Entrepreneurial Dreams to Life appeared first on Disrupt Magazine.
Flippa is the #1 leading marketplace for buying and selling online businesses, including eCommerce stores, Amazon FBA stores, Shopify stores, SaaS businesses, affiliate sites, blogs, domains and apps.
“Flippa combines M&A expertise with world-class tech enabling business owners to access a global network of buyers and investors in the most cost-effective way,” commented Flippa CEO Blake Hutchison.
The platform provides more than a marketplace to facilitate transactions. Flippa is a leading player in the industry, offering deal making features like embedded contracts, due diligence, insights and payments to make the process for deal-closing as seamless as possible.
For example, Flippa’s newest cutting-edge product, Flippa Market Insights, allows sellers to switch between performance and comparison data for similar sold or live listings, as well as peer benchmarks for key performance metrics.
This feature is notable as it’s the first market insights product for small business acquisitions globally.
The feature helps buyers and sellers on Flippa’s marketplace to achieve better clarity in business valuations and confidently close deals for high-quality online businesses. The feature will also help to distribute traffic across other listings and drive more engagement per listing ensuring that it offers value to sellers as much as it does buyers.
“Market Insights replicates the data and insight products available to traditional M&A,providing up-to-date market intelligence and detailed information to help online business buyers and sellers make the best-informed decisions possible,” said Hutchison.
Additionally, Flippa’s Buyer Funds Verification feature allows sellers to limit engagement to cash-ready and acquisition fit buyers who can likely speed up deal closing. Sellers can also communicate with vetted buyers through The Deal Room, a feature that facilitates evaluation and management of various interested parties. This vetted, seamless process provides business owners, entrepreneurs and investors with a trustworthy way to find new business opportunities or cash in on their hard work.
“The average business sold on Flippa is 4.5 years old, so that exit moment is the culmination of a lot of hard work. It’s emotional, it’s life-changing — and we proudly deliver those moments by making sure all of the requisite processes are in place,” said Hutchison.
Thanks to Flippa’s attention to detail and buyer/seller matching algorithms, the company boasts many success stories. Here is how they created life-changing opportunities and the financial flexibility we all dream of for John Chen, Martin Bispels and Angela Hartnett.
Flippa Success Stories
John Chen — Serial Entrepreneur
John Chen enjoyed his job at a hedge fund but wanted to take his life into his own hands and do something more entrepreneurial. With zero knowledge about scaling a jewelry business, he bought one using Flippa for $7,500. After optimizing his approach, he was able to scale the company and resell it on the same platform for just over half a million dollars.
After his success with the jewelry business, he identified another niche to capitalize on, plus-size clothing. He took a little over 10% of his profits from the jewelry business and bought an online plus-size clothing store from Flippa. Today the business is making about $2 million in revenue, and John is thankful for the presence of Flippa and how the company changed his life — “Flippa has been a game-changer for me,” said John.
Martin Bispels — I Just Want to Play Disc Golf
Martin spent most of his career as a corporate executive and moved on to be a small startup growth consultant. He had heard about Flippa and conveyed the vision of owning a legitimate disc golf brand through Flippa to his partner, their favorite sport.
After some research, Martin and his partner found the perfect online disc golf business through the platform. Their purchase has been a complete success. The business has grown, and the group has even been able to purchase land and open their own disc golf course for people to enjoy in Pennsylvania. Martin’s favorite part about the Flippa experience was the tools they offer to assist buyers in making an informed decision. “I’m so grateful to Flippa for being able to have the opportunity to find such a great company and to have the success that we do and live this terrific lifestyle,” said Martin.
Angela Hartnett — Climbing the Entrepreneurial Ladder
Angela wanted nothing more than to stay at home with her children. So she started her entrepreneurial ascent by building children’s games, allowing people to download them for a few months and selling them on Flippa for others to monetize. After working this method for a while, Flippa made her realize that “you can build a little asset and sell it off and use that money to build another little asset and sell it off.” This changed how she looked at things, and she started looking into eCommerce businesses for sale because she began understanding their value.
Today, she runs three successful eCommerce brands online and is able to spend ample time with her children and friends. Flippa made it possible for her to take the necessary risks and become the successful entrepreneur she had been aiming to be.
Since its inception, Flippa has empowered entrepreneurs by “allowing them to either exit or buy cash flow generating assets, giving them financial flexibility and an appreciating asset.,” explained Hutchison.
Curious About How Flippa Can Enhance Your Life?
Entrepreneurs at every stage of their journey can benefit from what the platform has to offer. Blake Hutchison shared, “Flippa is a two sided marketplace helping to democratize the exit and access business ownership. We ensure the validity of transactions and support both sides of the transaction the entire way. Flippa takes great pride in taking the guesswork out of internet-based business deals and making the impossible possible for so many amazing entrepreneurs.”
Check out the Flippa blog for information about topics like becoming an eCommerce success and what their vetting processes look like. To learn more about buying or selling online business, view listings or post a listing, visit the Flippa website today!
The post How Flippa’s Cutting-Edge Marketplace Technology Brings Entrepreneurial Dreams to Life appeared first on Disrupt Magazine.