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9 Traits Of Million Dollar Websites Exposed

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Richard Branson once said, “If you want to become a millionaire, start as a billionaire, and then launch an airline.” – Brainy Quote

While most people reading this will never have the luxury of starting out as a billionaire, only to end up as a millionaire, the million dollar mark may not be nearly as far away as you’ve been led to believe it is.

For more than a century, businesses have been changing hands.  Even as little as 15 years ago, it was hard to imagine that anyone would pay anywhere near a million dollars for something intangible, like a website.

As a business and website broker, though, helping clients purchase websites from low the 5-figures to upwards of millions of dollars is exactly what we do.

After so many different deals, it’s easy to see what factors go into determining whether a website or worth a million dollars or not.

While it may not necessarily be easy to hit the 7-figure mark, it’s not necessarily impossible, either.  There are a few factors that go into making a million dollar website what it’s worth.

1 – Owner’s Cash Flow

While it may seem obvious to most people, the amount of revenue that a business is generating directly correlates to how attractive the business is going to be to investors.

To hit a million dollar valuation, a business is going to need to have the cash flow and benefits to the owner that outweigh at least $300,000 to $400,000 per year.

With anything, though, there can be exceptions to the rule.  One exception is when the widely-accepted valuation strategies aren’t used.

The vast majority of businesses, though, are going to need to hit that $300,000 to $400,000 per year mark before they can be valued at $1 million, or more.

2 – Successful Track Record

There are very few exceptions to this rule.  In general, businesses that have become “overnight sensations” are few and far between — even though it seems like those are the only stories you tend to hear about.

While you do hear those stories most often, it’s simply because the media and news outlets aren’t reporting about the success of businesses that have taken years to become what is considered to be a “success”.

The thing about it is, though, the stories you don’t hear about, the businesses that have taken years to become a “success”, is that those businesses are generally more stable than the ones that come out of nowhere and make a massive impact on their market.

If you can show that your business’ success spans over the course of three to four years, you’re in a much better position when it comes time to sell than one that could be a fly-by-night success story.

3 – Trending Upwards

Whenever you’re digging into the traffic of a business or website, you’re going to want to verify at least three to four years, if possible.

Over the course of those three to four years, you’re going to notice commend trends — either up, or down.  It’s what happens with businesses, they rise and they fall until they stabilize.

The key is to pay attention to the average results.  Are they trending upwards over the course of the business’ life?  Is the upwards trend being repeated time, and time again?

This is especially true for the months leading up to the sale.  Is the business owner selling when the business is on the rise?  Or are they selling with the business hitting a downward trend?

If it’s moving upwards leading up to the sale and the revenues have been climbing, the business could be poised for picking up a million dollar valuation.

4 – Being Transferrable

Every business can be bought or sold.  That doesn’t necessarily mean it can easily be transferred to the next owner, though.

If you have built a business that’s required to have you in place in order to sustain itself, or you have built a business that is revolving around your own personal brand, it’s going to be substantially harder for someone else to take it over and see the same success.

Moving the business forward without restructuring it or rebranding it without you in place, while still sustaining the same revenue numbers can be nearly impossible to do.

When you’re trying to hit that 7-figure valuation, you’re going to need to be selling a business that is easy to transfer, and easy for your investor to take over when you’re no longer around.

In general, the less work that your investor has to do when they buy the business from you, the more they are going to be willing to pay to acquire your business.

This is especially true for personal blogs.  Think about blogs like Dooce, Single Dad Laughing, The Oatmeal, and The Pioneer Woman.  These blogs are huge, popular, and incredibly profitable, but they’re built around a single person.

If that person wasn’t in the picture anymore, a significant portion of their readership would disappear completely.

That means the business can’t easily be transferred to a new investor, while still sustaining the same revenue numbers.

Making sure that your business can be transferred means ensuring that there are parts of the business that are easily replaceable and that the services your business relies on can be replaced by another service without having revenues impacted as a result.

The fewer number of services that your business is tied to, the more desirable it is going to be for investors, and the easier it is going to be for them to pick up where you’ve left off.

5 – Growth Opportunities

While a million dollar valuation may seem like a high number, businesses that are being sold for 7-figures aren’t typically anywhere near their growth cap.

Investors know that, by purchasing these businesses, they can grow the revenues far beyond where they are at whenever they decide to submit an offer.  The opportunities to grow can be easily identified and capitalized on.

When an investor is paying 7-figures, or more, for a business, they know that there is still more potential for growth than what the previous owner has been able to achieve.

If the site may have already hit a plateau and there isn’t much that can be done for it, in terms of new growth opportunities, investors may decide to pass on submitting an offer.

That means, for you as a website owner, if you’re trying to hit that 7-figure mark, make sure your business isn’t already tapped out and identify ways your investor can grow it after they acquire the business from you.

6 – High Barrier of Entry

When it comes to how you’ve built your business, if another competitor can come along and replicate exactly what you’ve done, investors aren’t necessarily going to be jumping over themselves to offer you $1 million, or more.

They want to know that the barrier to entry, especially for your competition, is significantly higher than deciding to start up a new business and follow the path that you’ve already laid out for them.

Sites that can be easily replicated are going to be valued far lower than those that have a higher barrier to entry.

Building a truly unique business is going to help you get closer to that 7-figure valuation mark.

7 – Low Workload Requirements

Very few investors that are willing to spend 7-figures on a business are going to want to buy something that creates an 8-hour (or more) workday for themselves.

They’re going to want a business that is already moving on its own, that has passed the “building” stage, and is going to become an asset for them — not a liability.

Big ticket investors are looking for a business that’s going to generate income without them being required to devote significant amounts of their own time to do it.

If your business requires a ton of effort to keep it going, chances are slim that you’re going to find an investor willing to offer you 7-figures for it.

8 – Multiple Traffic Sources

If there’s one thing that smart investors have learned over the last 10 years, it’s to not buy a website that is reliant on one specific traffic source or platform that delivers traffic to their website.

If your business relies on a single source of traffic, like Google for instance, not only are the chances of you getting a 7-figure offer to buy the business slim, but the chances of not even being able to find an investor at all are dramatically increased.

Depending on a single channel for traffic, or putting all your eggs in a single basket, is a recipe for disaster when it comes time to sell.

If your business is reliant solely on Google, you are dependent on them not updating their algorithms to work against the strategies you have used to achieve high search rankings.  If they release an update that specifically targets strategies you’ve used, your essentially out of business.

Every single time Google has released a major algorithm update, there is a major upheaval in online businesses across the board, that typically results in negative outcomes for the most business involved. 

This is even truer for businesses that have used shadier tactics to obtain their higher search rankings.  Other businesses simply aren’t prepared to ride out the updates to figure out where they’ve landed.

While it goes without saying that no business should rely entirely on Google to build their business around, having a single source of traffic is one of the biggest reasons so many businesses fail to hit that 7-figure valuation mark.

If you have built your business by using multiple different channels, ranging from organic search, to social media, email marketing, paid to advertise, and referral traffic, you are going to be better positioned for hitting a 7-figure valuation.

Your investors want to know that they can sustain your business should something major happen with one of the traffic sources that you are relying on.

Making your business attractive to investors means building it to sustain changes and fluctuations in how the internet operates, including those platforms you rely on for generating traffic.

9 – Solid Financials

This lesson is impossible to stress enough.

Regardless how you’ve built the business or the industry you’ve built the business around, you need to make accounting your primary focus — especially if you intend to sell it for 7-figures one day.

Even if you’re not necessarily looking for a million dollar buyout down the line, keeping detailed accounting will make your job easier whenever you do decide to sell.

That means you need to do yourself a favour and get your accounting records in order now.

Any records that are non-existent or hard to navigate are going to be a huge turnoff for your investors.  A buyer that can’t verify what you’re telling them, in terms of your revenue and financial history, isn’t going to separate with any of their hard-earned money.

Going into a sale with less-than-detailed accounting records is going to force you to scramble at crunch time which can delay the deal.  If you take too long to get everything you need organized and presentable for your investor, you run the risk of your investor losing interest in the deal.

At worse, they can suspect that you’re trying to hide something which isn’t only going to destroy your chances of closing a deal together but is also going to destroy your chance of building a relationship with that investor going into the future.

Now, every single business has its own set of nuances that help contribute to its success — and the price tag being asked or offered for it.

If you strive to meet most of, if not all of these goals, you can put your business on the path of becoming valued at that coveted 7-figure mark somewhere down the line.

Resource: https://www.searchenginejournal.com/9-exposed-traits-million-dollar-website/101341/

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STP Plants in Residential Complexes

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With a view to better manage available resources and reduce environmental damage, environmental laws now make it mandatory for apartment and apartment complexes to have an STP plant on premises. In a number of Sates this rule has now mandatory for all such complexes, both new and existing.

However, some apartment owners and residential complexes have still been hesitant to adopt this rule, despite the fact that STP plants manufacturer India are today designing some of the most economical plants. Some dismiss the idea because of extra costs, while some are ignorant of its necessity. Some deem it unnecessary because either they are connected to a municipal waste system or because they think it is not needed.

Why Private STP Plants?

The reason for a private STP plant are many. Some of these are:

Inadequacy of municipal system: The municipal system in our country is simply not enough to deal with the amount of wastewater that is generated everyday. In fact, some studies found that wastewater treatment for Class I and Class II (the biggest wastewater generating centers) was as low as 31%.

Even in plants that are operational, many were found to be badly managed or simply inefficient/inadequate. This is clearly a catastrophic condition where our public systems simply cannot keep up with the requirement. This has made it imperative that we manage wastewater at a local level.

Autonomy: Even before it became a legal necessity, many residential complexes had already taken steps to install STPs. This gives them more autonomy over their wastewater management. With a locally managed plant, complex do not have to depend on municipal authority to take corrective actions when there is some breakdown. They can also make sure that the plant is functioning at optimum level at all times.

Legal necessity: For those who are still vacillating over its need, the truth is that STPs may soon become a legal necessity across India, if it is not already so in your state. Many State governments have already made STPs compulsory in new units. A number of States have also asked all existing residential bodies to comply.
This means that sooner or later you will have to build a plant on premises. It then makes sense to contact an expert STP plants manufacturer India to ensure that you have a running plant before it is too late.

Alternative source of water: Apart from their legal and environmental necessity, STPs are actually beneficial for a residential complex. An STP provides an alternative source of water – treated and cleaned in the plant – that can be used for other purposes, such as watering plants, flush water etc.

In large complexes, which house hundreds (sometimes even thousands) of residents, such an advantage is simply too important to give up. Increasingly, we find that water supplied by municipal bodies in big cities fails to meet the desired requirements. An alternative source of water that can take care of secondary requirements becomes extremely welcome.

What kind of STP will work for residential complexes?

The decision on the kind of plant to be constructed should be taken after careful consideration. The construction of an STP is a considerable investment. There are many ways of making this economically sustainable, but it is a fairly permanent structure. So, getting it right in the first go is important.

Closed or open: Sewage treatment plants can be closed, open or partially open. Open plants are not recommended for residential areas, especially densely populated areas. This is because sewage treatment through biological means often produce methane, which gives out an unpleasant odor. This smell can reach miles. In an open or partially open plant, the odor can be very off-putting. This makes it a complete no for a residential complex.

Additionally, the plant should be located away from car parking area. Since, methane is a highly combustible gas, any spark can cause fire.

Manual or automatic: For smaller apartment complex, an automatic system is recommended. Manual systems need supervision and operational personnel, which is not always possible in a small complex. While a manual system is cheaper to install, it is more expensive to operate. Bigger complexes can made budgetary allocation for the personnel, but for a smaller society a one time allocation makes more sense.

There are a number of designs available today for STPs. Contact a competent STP plants manufacturer India for the best options available to you.

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Reasons To opt For Business Signs and Signage

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Signs and signage are essential for every business as they help to increase the awareness of the same. As a business owner, you will have to put in efforts and choose something which is good so that you get value for money and it also satisfies all your needs. When you look around there will be too many of them you may come across but paying attention to various aspects and buying the bets is essential. The business signs and signage are available in a variety of style and sizes. You can look for those which suits your budget and your needs well.

This is one important accessory which you need to incorporate if you are planning to start up a new business or just want to spread more awareness about the current business you own. Only attractive and creative business signs and signage will stand out in the crowd; hence, it is essential for you to look out for the best. Some other benefits which you can be assured of by opting for this signage are mentioned below.

Types:

When you start to look around, you will come across many manufacturers making different types of business signs and signage for sale. In all such cases, you have to talk to them about each type and also analyze your needs and buy one which is suitable for you. This will make a very big difference and you will also have the best for your business needs. Here you are free to buy the size, shape and design that you desire. It will certainly help you increase footfalls and business sales. All you need to make sure is choose the best type so that you are aware of its utility.

Bring New Customers:

Once you select stunning and briefly styled business signs and signage, they are sure to bring in new customers for your business. With the signs, more and more customers will know about your brand as well as the product that you have for sale. This awareness will lead to increased sales and higher profits. With improved revenue, it will also be easy for you to plan your business expansion. The research concludes that people only register brands when they repeatedly see the same. Hence getting good and well-designed signage will be profitable for you.

Location:

Explaining the right location for your business will be very difficult. When you have business signs and signage, things can simplify because the buyer can watch out for the arrows and reach the place at the earliest. This will reduce their effort and hence the liking would also increase. As they reach out the location on time following all the signs placed at the right places. This way you can increase customers. This will also contribute to your sales and profits.

Occasions and Promotions:

Coming up with a new product or introducing the same to all potential customers on one-on-one basis will be difficult. If you have well-written signage passing the required message to all your buyers’ things will get easy. You can spread the message of the new product launch and the promotional offers for the same. You should make sure that everything is properly displayed so that the readers understand and comes up to you. If you have any event, business signs and signage can help in increasing the number of attendees.

While buying or looking out for designers and suppliers of business signs and signage make sure you pay attention to the size and the matter that you get printed on the same. This will make a big difference because all your profits will always depend on what you install.

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Popular Kinds of Crane Equipment Used in Construction and Other Applications

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Construction and civil engineering makes use of various kinds of cranes. A crane is that type of heavy machinery which helps to lift and move materials through pulleys and cables. There is a platform or tower over the crane to lift equipment’s. In the realm of equipment manufacturing and in construction businesses, cranes have great application. When it comes to the types, cranes may be truck mounted or can be fixed to the ground. Thus, they may be either temporary structure or permanent ones. The operator who is using the crane may easily control it from inside. There are push buttons, radio controls to manage the crane. There are different types of cranes available in the market such as mini crane, truck mounted crane, tower crane, telescopic crane and lost more. You can search different types of cranes online and choose the best one according to your needs.

cranes Melbourne

How Would You Choose and Operate the Crane?

Crane manufacturers offer cranes of different types, styles, colours and specifications. They can also have different lifting capability or different weights. Before you choose a crane, you have to think about the weight or load it needs to lift and the radius at which the load will be lifted. All the crane operators must be proficient at what they are doing. Certain operators can manage only certain types of cranes. Train your employees well before asking them to use the crane.

The Top 6 Popular Kinds of Cranes

There can be several kinds of cranes as per the application. We also have custom cranes manufactured as per the needs of the business. Below are the top 4 cranes used commonly:

  • Also known as truck mounted crane, mobile crane is popular kind of crane. The popular machinery can handle heavy loads or heavy goods. They are used for a variety of construction projects. Mobile cranes are used mainly for building projects, pipelines, highway maintenance and for bridges. Some of the mobile cranes may even lift weight up to 50 tons and this is huge.
  • If you are involved in too large construction project, you will need the tower crane. The tower crane can help to lift extremely heavy tools, concrete material, and steel material. Since the size of the crane is very large, you need to give a large space to accommodate it. The lifting capability of the tower crane relies on the radius of its lifting arm. If the radius is short, the lifting capability can be 4-5 tons.
  • Telescopic crane features a lot many tubes and offers boom. The boom is lengthened or reduced with the extension and retraction mechanism of hydraulics.
  • Truck mounted crane is almost the same as mobile crane where the crane is mounted on a truck that runs on rubber tyres. The mobility of truck mounted crane is simply excellent. The outrigger of the crane can extend either horizontally or vertically to stabilize the crane or level the crane. Construction companies and automobile companies mainly use these cranes for lifting their goods and products.
  • Rough terrain crane is another kind of crane which is meant for rough terrains. This is the single engine crane which can power up the crane and also undercarriage. The crane is actually mounted on the undercarriage. It runs on four wheels.
  • Do you need cranes for marine application? You can use marine crane for your purpose. It can easily be attached to an ocean vessel or stand erect at the shoreline. The land-based marine crane may be used to lift the boats and vessels.

Apart from the 6 kinds of cranes discussed in the section above, there may be a few others. Before choosing any kind of crane, determine your needs and applications.

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