How many product offerings do you have?
Posted: Thu Feb 13, 2025 8:23 am
However, if you can go through all of these things and prove that your social following and social media promotion are delivering real traffic and sales to your business, it will definitely help increase your multiple.
Earning everything from a single product is somewhat risky.
What happens if that product goes out of style? Or is discontinued?
Whether you're running an e-commerce store or a azerbaijan number data site that monetizes through affiliate links, you want to offer a variety of different products.
When you have multiple products making good money through your website, a buyer will ultimately find the business more attractive and value it because you won't be hurt much if one of the "flavors of the month" disappears on you.
6. Hours required.
Remember, the majority of buyers aren't looking to get a job. They want a leveraged cash flow investment that they can ideally grow.
While there’s nothing wrong with working 40–50+ hours per week on a truly niche business, it will narrow your overall pool of buyers and make the business less attractive. The truth is, most of the digital assets we’re creating don’t require that much work from the owner.
Earning everything from a single product is somewhat risky.
What happens if that product goes out of style? Or is discontinued?
Whether you're running an e-commerce store or a azerbaijan number data site that monetizes through affiliate links, you want to offer a variety of different products.
When you have multiple products making good money through your website, a buyer will ultimately find the business more attractive and value it because you won't be hurt much if one of the "flavors of the month" disappears on you.
6. Hours required.
Remember, the majority of buyers aren't looking to get a job. They want a leveraged cash flow investment that they can ideally grow.
While there’s nothing wrong with working 40–50+ hours per week on a truly niche business, it will narrow your overall pool of buyers and make the business less attractive. The truth is, most of the digital assets we’re creating don’t require that much work from the owner.