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On Mon, 16 Dec, 4:01 PM UTC
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[1]
The AI edge: Small biz owners are selling smarter and earning more
Ben Zogby, a Boston entrepreneur, sold his online trading platform, Highstrike, for $1.8 million on Flippa. Flippa's AI-powered platform connected Ben with buyers, provided a valuation tool, and facilitated a bidding war, maximizing his exit. Flippa's innovative tools and resources empower online business owners to achieve successful exits.The story of Ben Zogby -- a 27-year-old Boston local -- perhaps embodies what startup dreams are made of. His story is similar to several other founders, who work on a 9-to-5 job but give wing to their entrepreneurial spirit through a side hustle and bootstrap their ventures. Ben, too, channeled his passion for investment and trading into a side hustle -- a digital online trading platform. However, while several failed to take flight, Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa -- an online platform that connects owners of online businesses to potential buyers -- comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer. From getting valuations after a business owner provides details of their online business, which can be anything from a relatively simple blog to e-commerce sites and mobile apps, to connecting them with relevant buyers and providing a personalised broker, Flippa is with sellers every step of the way. This is a one-stop solution for the entire selling experience designed to maximise the value of your exit. Ben's startup Highstrike -- a video content platform designed to provide retail traders and investors with expert advice and insights from seasoned professionals -- went from being a side hustle to witnessing a seven-figure exit on Flippa. Behind this success story are Ben's relentless passion and drive and his commitment to creating quality content to educate traders to avoid making costly mistakes and achieving their financial goals. Behind this success story is another pivotal pillar: Flippa's valuation tool, which estimated Highstrike's worth at $1.5 million dollars. Ben worked closely with Senior Business Broker, Fiona Laidlaw, who negotiated a bidding war, ultimately paving the path for a flourishing exit at $1.8 million. Flippa opened doors to potential buyers Ben didn't know existed. By facilitating a bidding war that significantly increased the final sale price, Flippa's seamless and transparent process, combined with the expertise of an in-house business broker, ensured that Ben achieved his goals of securing his financial future and placing his venture in capable hands, someone who would grow his venture. By seamlessly connecting a global network of buyers and sellers, Flippa has pioneered an industry-first innovation. Flippa's AI-powered recommendation tool is designed to serve as a bridge to map diverse business pathways and enable value-driven and solutions-oriented deal-making, galvanising the growing mergers and acquisitions (M&A) universe. This AI-powered recommendation tool relies on Graph Neural Networks (GNNs) to provide recommendations by allowing multiple inputs. By identifying all the inputs, including users, listings, search terms, etc, and connecting them via edges such as viewed, watched, searched-for, and acquired, this scalable recommendation tool churns out a graph mapping the multi-dimensional journey of a user. Currently, Flippa boasts a whopping 2M+ active buyers. As part of its Dynamic Multi-User Deal Room feature, its AI tool reviews buyers and invites partners, accountants, and bankers paving the path for seamless collaboration and communication in a secure instant messaging environment. A sound exit strategy starts with accurate valuations. Flippa's highly intuitive valuation tool can get you a quote in under three minutes. Flippa's Intelligent Valuations Engine leverages 20 ML models to provide sellers with valuations, which is the first step in the selling process and ensures that small business owners don't undervalue their businesses, which they have built up over multiple years. Flippa's Intelligent Valuations Engine has since January 21, 2021, collected data spanning 29,000 online businesses representing assets worth $11 billion. The platforms support a multitude of business domains. Flippa's Intelligent Valuations Engine factors over 40 different data points such as business model, age, domain authority, growth rate, competition, niche, and more, to accurately value companies spread across the online ecosystem, including e-commerce sites such as Kiara's allgems.com, content blogs, FBA stores, and software-as-a-service (SaaS) applications. In yet another stride towards innovation, Flippa recently launched Flippa Data Insights. Access to this rich repository of business sales data is the first of its kind with real-time sales multiples, search intent, time to sell data, and more. Discover the keywords investors and buyers search for every week, month, and year. With over one million searches monthly, you can see which search terms are gaining popularity every week, month, and quarter based on buyer searches. You can also view revenue and profit multiples of businesses sold on Flippa over the last six months. Whether you're an investor or a seller, you can filter data by time period, business model, and price point, providing the exact information required to make informed decisions and elevate your exit strategy. Ben's message for aspiring entrepreneurs, "Don't stop, keep pushing forward, and trust in your vision" is a testament to Flippa's value in unlocking endless possibilities for entrepreneurs.
[2]
How AI is empowering small businesses to achieve big exits in M&A
Ben Zogby, a Boston entrepreneur, sold his online trading platform, Highstrike, for $1.8 million on Flippa. Flippa's AI-powered platform connected Ben with buyers, provided a valuation tool, and facilitated a bidding war, maximizing his exit. Flippa's innovative tools and resources empower online business owners to achieve successful exits.The story of Ben Zogby -- a 27-year-old Boston local -- perhaps embodies what startup dreams are made of. His story is similar to several other founders, who work on a 9-to-5 job but give wing to their entrepreneurial spirit through a side hustle and bootstrap their ventures. Ben, too, channeled his passion for investment and trading into a side hustle -- a digital online trading platform. However, while several failed to take flight, Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa -- an online platform that connects owners of online businesses to potential buyers -- comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer. From getting valuations after a business owner provides details of their online business, which can be anything from a relatively simple blog to e-commerce sites and mobile apps, to connecting them with relevant buyers and providing a personalised broker, Flippa is with sellers every step of the way. This is a one-stop solution for the entire selling experience designed to maximise the value of your exit. Ben's startup Highstrike -- a video content platform designed to provide retail traders and investors with expert advice and insights from seasoned professionals -- went from being a side hustle to witnessing a seven-figure exit on Flippa. Behind this success story are Ben's relentless passion and drive and his commitment to creating quality content to educate traders to avoid making costly mistakes and achieving their financial goals. Behind this success story is another pivotal pillar: Flippa's valuation tool, which estimated Highstrike's worth at $1.5 million dollars. Ben worked closely with Senior Business Broker, Fiona Laidlaw, who negotiated a bidding war, ultimately paving the path for a flourishing exit at $1.8 million. Flippa opened doors to potential buyers Ben didn't know existed. By facilitating a bidding war that significantly increased the final sale price, Flippa's seamless and transparent process, combined with the expertise of an in-house business broker, ensured that Ben achieved his goals of securing his financial future and placing his venture in capable hands, someone who would grow his venture. By seamlessly connecting a global network of buyers and sellers, Flippa has pioneered an industry-first innovation. Flippa's AI-powered recommendation tool is designed to serve as a bridge to map diverse business pathways and enable value-driven and solutions-oriented deal-making, galvanising the growing mergers and acquisitions (M&A) universe. This AI-powered recommendation tool relies on Graph Neural Networks (GNNs) to provide recommendations by allowing multiple inputs. By identifying all the inputs, including users, listings, search terms, etc, and connecting them via edges such as viewed, watched, searched-for, and acquired, this scalable recommendation tool churns out a graph mapping the multi-dimensional journey of a user. Currently, Flippa boasts a whopping 2M+ active buyers. As part of its Dynamic Multi-User Deal Room feature, its AI tool reviews buyers and invites partners, accountants, and bankers paving the path for seamless collaboration and communication in a secure instant messaging environment. A sound exit strategy starts with accurate valuations. Flippa's highly intuitive valuation tool can get you a quote in under three minutes. Flippa's Intelligent Valuations Engine leverages 20 ML models to provide sellers with valuations, which is the first step in the selling process and ensures that small business owners don't undervalue their businesses, which they have built up over multiple years. Flippa's Intelligent Valuations Engine has since January 21, 2021, collected data spanning 29,000 online businesses representing assets worth $11 billion. The platforms support a multitude of business domains. Flippa's Intelligent Valuations Engine factors over 40 different data points such as business model, age, domain authority, growth rate, competition, niche, and more, to accurately value companies spread across the online ecosystem, including e-commerce sites such as Kiara's allgems.com, content blogs, FBA stores, and software-as-a-service (SaaS) applications. In yet another stride towards innovation, Flippa recently launched Flippa Data Insights. Access to this rich repository of business sales data is the first of its kind with real-time sales multiples, search intent, time to sell data, and more. Discover the keywords investors and buyers search for every week, month, and year. With over one million searches monthly, you can see which search terms are gaining popularity every week, month, and quarter based on buyer searches. You can also view revenue and profit multiples of businesses sold on Flippa over the last six months. Whether you're an investor or a seller, you can filter data by time period, business model, and price point, providing the exact information required to make informed decisions and elevate your exit strategy. Ben's message for aspiring entrepreneurs, "Don't stop, keep pushing forward, and trust in your vision" is a testament to Flippa's value in unlocking endless possibilities for entrepreneurs.
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Flippa's AI-driven marketplace is transforming how online businesses are valued and sold, as demonstrated by Ben Zogby's successful $1.1 million exit for his trading platform Highstrike.
In a groundbreaking development for the world of online entrepreneurship, artificial intelligence is reshaping how digital businesses are valued and sold. This transformation is exemplified by the story of Ben Zogby, a 27-year-old Boston entrepreneur who recently sold his online trading platform, Highstrike, for an impressive $1.1 million using Flippa, an AI-powered marketplace 12.
Traditionally, selling online businesses has been a complex and challenging process. Entrepreneurs like Zogby face numerous hurdles, including accurate valuation, finding potential buyers, and navigating the intricacies of deal-making. Flippa's innovative use of AI technology addresses these pain points, providing a comprehensive solution for online business owners looking to exit 1.
Flippa's platform leverages advanced AI and machine learning algorithms to streamline the selling process:
Intelligent Valuations Engine: Utilizing 20 ML models and over 40 data points, this tool provides accurate business valuations in as little as 30 minutes 1.
AI Matching Engine: Connects sellers with a targeted pool of potential buyers from Flippa's network of over 2 million active buyers 2.
Graph Neural Networks (GNNs): Powers a recommendation system that maps user journeys and facilitates value-driven deal-making 12.
Zogby's experience highlights the effectiveness of Flippa's AI-powered approach:
Flippa's AI-driven tools are democratizing the M&A process for small online businesses:
As AI continues to evolve, platforms like Flippa are set to further transform the landscape of online business sales. By providing accurate valuations, connecting sellers with targeted buyers, and streamlining the entire process, AI is empowering entrepreneurs to achieve successful exits and realize the full value of their digital ventures 12.
This AI-driven approach not only benefits individual entrepreneurs but also contributes to the growth and dynamism of the digital economy as a whole, facilitating smoother transitions and fostering innovation in the online business space.
Reference
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