Hello everyone!
I would like to get some information on selling my business. Can't disclose much details at this point, because I'm not sure whether I should sell my business or not, but would like to ask you guys about it.
So I'm the owner of a translation group. I started off as a freelance translator, then gradually formed a team of translators and today I have a successful business, that is totally a one man show- wholly solely operated by me.
My marketing tactics have been pretty ordinary(and infact, from the stone age LOL), I usually contact clients directly through email and ask them if they are interested in translations- I also mention the key websites(some big names) that we've translated so far. Interested clients contact me, and they further contribute to my business by letting their colleagues know about us. I don't have any affiliate program, just nothing at all- just these simple marketing tactics
Oh and yes, so far I have marketed the services I offer in one particular industry only!
Coming to the income now. Working as a completely one man show and starting from late 2005, I've earned around
US$ 1 million so far. Just to re-iterate, all my clients have come from email marketing that I do once/twice in every 7-8 months, and from word of mouth publicity. Actually this is the best I can do working as sole trader, only because my health doesn't allow me to take more tension by expanding the business further. Still, working non stop since 4-5 years has deteriorated my health and that's why I'm thinking about selling all my business to someone who can give me the right price for my business- also keeping in mind the huge potential my business has with an impressive portfolio and customer satisfaction record.
So can you give me an idea about the price I should expect for my business? I didn't had a website for a long time and whether you believe it or not, I only developed a website last year just to give my business a name- which has been running successfully only on the basis of my name so far
Most of my old time clients still prefer to contact me at my personal emails, so I guess I would need to surrender my personal emails and passwords to the buyer...am I right?
To me, this looks really complicated
Please let me know how would I proceed if I finally make up my mind to sell my business. What price should I expect?
Thanks,
6thsense
BTW, sorry for this excruciatingly long post
