Summary Total e-commerce sales for 2022 continued to power upward, according to the latest statistics from the U.S. Department of Commerce. Total e-commerce sales for 2022 were estimated at $1,034.1 billion, an increase of 7.7 percent (±0.4%) from 2021. Total retail sales in 2022 increased 8.1 percent (±0.9%) from 2021. E-commerce sales in 2022 accounted […]
Resources for Digital Business Entrepreneurs
Selling Your Business Within 5 Years? 7 Things To Do Now
Most business owners approach selling their business much like my son approaches his homework – they avoid thinking about it until they absolutely have to. It’s understandable. For many owners, their business is their baby, their employees are their family, and they enjoy the challenge and sense of purpose derived from their work. That said, […]
Ecommerce Sales for Third Quarter 2022
Summary: E-commerce sales for third quarter 2022 outpace retail sales over last quarter and Q3 2021, according to the latest statistics from the U.S. Department of Commerce. Third Quarter 2022 The estimate for U.S. retail e-commerce sales for the third quarter of 2022, adjusted for seasonal variation, but not for price changes, was $265.9 billion, […]
Due Diligence and Closing the Sale
We continue to post chapters from our upcoming ebook guide, How to Sell an Online Business, to help business owners prepare for a sale. In this sixth and final chapter, we look at the seller’s role in buyer due diligence and the documents needed to close the sale. 6. Due Diligence and Closing Documents Once a […]
Broker Spotlight: Empire Flippers
On the About Us page of their website, Empire Flippers writes, “Hmm, how shall we say it, we run things a bit, different.” Well, Empire Flippers is different – as much a technology company as a broker. Think of the firm as the Carvana of website brokerages. Like the disruptive online used car retailer, their […]
How to Engage with a Business Buyer
We continue to post chapters from our upcoming ebook guide, How to Sell an Online Business, to help business owners prepare for a sale. In this fifth chapter, we look at how to engage with business buyers toward a signed Letter of Intent. 5. Bringing Buyers to the Table With the most likely buyers identified, the […]
