Selling a Business – Tips to Advertise a Business For Sale Successfully

Anticipate a buyer search criteria and categorise your business accordingly

It is important to file your business for sale advertisement in such a way that it grabs the attention of the maximum number of relevant business buyers. The more types you file your business under, the better your exposure will be.

If you are selling a pub that serves food, for instance, it is worth filing the business under not just ‘pubs’, but also ‘pubs and hotel property’, ‘restaurants’, ‘taverns’ and ‘bars’, as your likely purchasers will be searching for a business for sale under all or some of these categories.

It is also worth including key information such as the postcode, street or town where your business is located in your description text, so that any business buyer using the keyword search facility will find your business in their search results.

Honest figures will help your business to sell

In order to sell your business successfully, it is vital that you give your potential buyers a sensible indication of the kind of living they can expect to earn from the business. New business buyers aren’t just relocating from a street or village that they are familiar with; in most cases they are also walking away from the financial security of a monthly paycheck to become their own employers. This constitutes a daunting step into the unknown for a lot of people, and the more data you can reassure them with in your advertisement, the better your response levels will be.

You can include the turnover, gross profit and/or net profit figures on a weekly, monthly or daily basis with an advertisement, and it’s advisable to include at least one of these figures as a bare minimum if you can. Other figures that are worth mentioning in your advertisement are footfall / shop frontage (if it is a retail business), traffic levels (if it is an online business), demographics on the local economy (if it is a service-led business) and lease length / rent review dates (if it is a commercial property).

Your figures may be highly confidential, in which case it is perfectly acceptable to write ‘turnover and profit figures available on request’; The most important thing to do is to acknowledge the figures in your advertisement; if you don’t, it can look suspicious or unprofessional, and it can stop potential buyers from taking you seriously and enquiring about your business for sale.

Pricing your business for sale :

To get your business to sell quickly, it is important to price your business sensibly. An overly ambitious asking price might feel like a safe place to negotiate down from, but if you price your business too high, your potential buyers might not come across your advertisement in their search, as it will fall outside of their price range. If you price the business at a value lower than you are prepared to accept, you could find yourself inundated with buyers who you are not prepared to sell to, wasting your time and theirs. Remember that the price at which your business is sold is ultimately dictated by your acceptance – or refusal – of an offer; at the initial stages, your priority is to generate as much valid interest as you possibly can in your business for sale.

Take a look at comparable businesses for sale on websites listing businesses for sale and pick an asking price that is in line with what looks to be current market values. If you are unsure of what your business is worth, you can get a free business valuation from business agents or websites advertising businesses for sale.

Choose business-related photos that help your business to sell

Your existing promotional material may be remarkably effective at bringing customers through your doors, but you are dealing with a very different target market when you are selling a business. The business itself is now the product, and your ‘customers’ in this case will be looking for signs of prosperity, security and success. For instance, a photo taken inside your premises at peak times showing a busy shop floor will give potential purchasers more incentive to enquire than a beautifully-crafted logo on its own. Try to take photos that show off the passing trade and ‘bustle’ of your business.

Choose the right place to advertise your business for sale

Advertising your business for sale online is a great way to get maximum exposure. The price to advertise online is also less expensive than on print newspapers and magazines.

Using Promotional Pens to Advertise Your Business

Using promotional pens to advertise any business, whether established or new, is a cost-effective method of marketing. With the name of your business, logo and contact details printed on them your customers will have something useful that they will keep in their handbags, jacket pockets or in the pen pots on their desks. When they are writing with your promotional pens they will be reminded of your business and, if they have had a good experience doing business with you, they are likely to pass on your information to whoever they are with.

Promotional pens helps to stimulate word of mouth advertising. This kind of advertising is reckoned by marketing professionals to be one of the most effective ways of promoting a business. It is true, if you think about it, when you use a pen with some writing on it you always read what it says; and if it is a funny or catchy slogan then it is likely to stick in your mind. These marketing people certainly know what they are doing, don’t they?

If you do decide to go down the road of using promotional pens to advertise your business, search on the internet for reputable suppliers that you can get in contact with to discuss your requirements. You will have to decide how many pens you would like to order first of all. Generally, the larger the order that you give them, the better price per pen you can negotiate. Then you will have to decide what type of pens you would like to use to promote your business. You can use relatively cheap biro type pens, through fine writing rollerballs, right up to executive fountain pens for your very best clients.

After this you will have to decide what colours you would like to use to promote your business. If your business already has its own advertising livery on stationery or vehicles, for example, then you could use those same colours on your promotional pens. If you do not have a colour in mind, then you could use something really bright or different, like a fluorescent pink, to make your pens stand out from the rest.

Finally, once you know how many, what kind and what colour you wish to use in your marketing campaign, all you have to decide is what information you would like to put on your pens. It is best to put your business name on the barrel with either a phone number, or website address, or both so that people can make contact with you. There will still be space on the cap to print an attractive logo to draw attention to the pens. If your marketing department can come up with a funny or catchy slogan then that is even better as it will make your pens even more memorable. Promotional pens certainly are a great marketing idea for any business!

Top 2 Free Ways To Advertise A Business Online

People running businesses usually want or need to know what the best way to advertise a business online is. Well, many ways exist, but some of the more effective ways to advertise is by using the free methods. Not only will these methods help get the word out that the business exists, but it will also save money that most small businesses and start-ups do not have to spend on marketing and advertising.

Forum Signatures

One of the best-known ways to advertise a business online is by using forum signatures. However, sometimes they are used too often that the signature could be flagged as spam, so the trick is to use forum signatures in the right way. For example, do not simply jump into any forum and any forum thread to leave a short, one word reply.

Instead, start out with forums that are related to the business itself. A cloud computing business would have very little to no reason of leaving a signature with its business website link there in a makeup or cosmetics forum. Once the business owner has found the perfect forums, he can jump in and reply to threads with relevant information. Then, start leaving a signature with his business link attached, and in some cases where possible, the phone number to the business. Eventually, traffic will start flowing into the business website and calls will begin to come in from the forums.

Free Classifieds

Free online classified ads are another great way to advertise a business online. Thousands of free online classified ad websites exist in which a business owner can write an ad for display online. Not only can the business owner write a two or three line description of the services offered, but he or she can also leave a link to the business’ website, an address, and phone number of the business.

Classified listings work just as regular keyword and “Sponsored Results” ads do, that is when people search for specific keywords on the internet, those listings will eventually come up in the search results. The increased viability from using classified ads to advertise a business online can oftentimes garner added website traffic, increased calls to the business and overall, increased ROI, especially if the classified ad was free.

Overall, online advertising can take a lot of time; however, when the added benefit of increased website traffic, increased sales calls, and an overall increase in sales, the initial time investment is seen as a worthy one, because no money was spent to advertise a business online using these methods.

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