Trend #014 - Selling pre-revenue startups for $10,000

Hey,

Welcome to the 50 new subscribers to What The Hype, where we translate hypes into opportunities by brainstorming startup ideas that take advantage of growth trends.Sent every other Friday. 

Today, we are talking about selling pre-revenue startups.

What you will learn:

• What’s happening with my AI tour guide startup, Narrated Tours

• Example of 2 startups under offer for $5k, pre-revenue

• What’s in it for the buyer of a pre-revenue startup

• 2 reasons to NOT build a project to sell

• Where to list your pre-revenue products

🔎 Selling a startup

Here’s a secret: You don’t always have to work on a startup for years. Sometimes you spot an opportunity, but you’re not the right person to bring it to market. That’s where marketplaces like acquire.com or events like nocodesale.com comes into the picture.

Build the MVP, prove there is growth opportunities for a prospective buyer, and let someone else take over and grow it.

👀 Where to sell?

There are many marketplaces for every niche, and new ones popping up every day. Here are a few:

• acquire.com

• tinyacquisitions.com

• microns.io

• sideprojectors.com 

😵 But my project is pre-revenue?!

To the right buyer, even a pre-revenue projects can be valuable. Remember that people pay $2,000-5000 for “how to start an x business” all the time. Think of it this way, this is a pre-built business with someone telling them exactly what to do to grow it. Don’t believe me? Check out these listings under offer.

👁 What is in it for the buyer?

• Hard assets: Domain names, email lists, a working product…

• Knowledge: The handover process is a piece of consulting work, e.g a blueprint on how to grow a business (which can easily be thousands a day, depending on your industry)

• Momentum: Conversations you’ve started, relationships you’ve made and the momentum built behind the brand.

🔥 Opportunities 

it is still worth finding problems worth solving before you dive into building a startup. Once you do, here are a few tips on how to maximise your chances of getting a sale:

💀 Risks  

• Selling a project is a lot of work. The handover process can take anywhere from a few days to a few weeks. Make sure you factor this in.

• Deals can fall apart at the last minute. Speak to multiple potential buyers. Don’t pop the champagne until the money is wired.

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My entire purpose in creating these emails is to highlight unusual opportunities for you to find your next big business idea.

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Until the next one,

Hazel