Acquire.com Tutorial: A Complete Guide to Buying and Selling Businesses

[00:00:00]Hey everybody and welcome back to our channel, your go-to spot for tech tools and tutorials that make you smarter, faster, and more profitable. In today's video, we are diving into acquire.com, which might look just a business marketplace at first glance, but trust me, it's way more powerful than that. So whether you're dreaming of buying your first online business or thinking of catching out and selling one, this platform lets you do both. In this video, I'm going to walk you through exactly how to do each step. So, how to search and vet a business you might want to try, and of course, I'm going to show you how to create your own listing, attract buyers, and hopefully sell for a profit. So whether you're a side hustler, a digital entrepreneur, or just acquire curious, stick around because by the end of this video, you'll know how to work with this platform like a pro. So let's begin. Now the first thing that you need to do, visit the official website, which is going to be acquire.com. On the top corners, you have multiple options to view listings. And of course, the best option is going to be logging in using your credentials. If you don't have that, there's going to be an option here to sign up for a free account. All I have to do is provide all the information needed. But the good thing is if you have a link in account, that would make the account creation a lot easier by clicking this blue button here. And then once you have successfully created your account, there's going to be a welcome email. All you have to do is confirm the email address. You will be forwarded to the main homepage of acquire.com. The good thing is loading times may vary depending on your internet connection.

[00:01:42]So if you're using an antivirus or maybe you're using a VPN, that could interfere with the connection. All right. From here, you have two options. If you want to sell startups or to if you want to buy startups, right? It's up to you depending on your preference. For now, we're going to click the uh you wanted to. All right. So let let's click the next section. So how did you hear about acquire? Maybe some Google search. Click on the next button.

[00:02:08]and you need to get ready for your marketplace. You can build your bio listing and a lot more. So, let's click the uh let's go button. So, you will be forwarded to the main section and the basics. You need to add information about your business to entice buyers.

[00:02:24]All right. Then click on next. And then you need to describe your startup. Is it going to be a SAS content AI, Shopify app, mobile app depending on your um business. So for now we're going to be clicking the digital which is going to be our YouTube channel. It's a platform startup name is click the next button. We don't have any website but say for example let's say all right so let's click the exit for now and just go to the main homepage now here now we're going to search for a business to buy. All right. So, here on the top corner, there's going to be the explore marketplace. So, let's say I'm interested in buying a SAS or maybe if you're interested in buying a AI or an agency. Let's do that. So, I'm going to click this first company here, right?

[00:03:31]So, ask asking price is $1.1 million US.

[00:03:37]Price is based on 3.5 TTM net profit.

[00:03:41]And these are going to be the details for you to take a look at. I I highly suggest you read all these so that's there's going to be no second guessing from this point onwards. It's a lot easier to deal with. People here are very professionals. If you have any um concerns or any inquiries, they are open to accommodate you. Right? So you need read need to read all these.

[00:04:07]Now you need to make sure that the sellers provided their information. As you can see in this one, the private information is unavailable. All right.

[00:04:16]So, we're not going to do that.

[00:04:18]Instead, what we could do is maybe like something like a Shopify app.

[00:04:33]If we go here. All right. As you can see, most of the marketplace here, they do not divulge the information easily. But let's try to make sure that there are listings that that can provide the information publicly. So you can sort and filter here from newest, oldest, and low to high. Revenue multiple. You can filter this to make it a lot easier. So, um, asking price is 6,000. It's from California. See more.

[00:05:12]Then you have all these. All right.

[00:05:15]Competitors are these. And then once you have contacted the seller, all right, there's going to be an option here on the support and more. You can simply click this. So if you need help with um acquis acquisition here for some specific business that do not divulge the information I highly suggest you contact the acquire.com support. All right there's going to be the arbiter or mitigator for the two of you. All right now for the my acquisition since we already we don't have anything yet. All right. So what we could do is create our um first listing. Remember earlier we have our first listing. All right, we can go back again to the first homepage and going to go back here. We're going to continue with the acquired story.

[00:06:15]So, so we're going to sell something like a an e-commerce. All right. So, that's going to be how you can create your first listings here. Startup name is this one. Click the next button and you need to provide the website otherwise it's not going to happen. For example, okay, for example, we're just going to make up something like this. All right.

[00:06:39]So, it's going to validate your site if you're selling something here. Checking for SSL certificate. You pass the initial checks. Now, are you selling as a startup or as a company? So, you need to make sure that you are selling as these. Obviously I am selling as individual and you need to provide your first legal name and again these will not be visible to the buyer until they send an offer which is going to be a letter of intent or LOI. That's why some of the companies we can't see the public information because it's private. You see only buyers you've approved will see these details and only after signing a mutual non disclosure agreement all right with you an NGA. So that's the reason why we can't um actually see all the information from the listings earlier. If I click on the next button here you will be forwarded here your metrics. All right you can have listings metrics uh with the batch revenue four times more buyer interest. We're going to click on the next button. And now you can connect metrics to prefill your data. You can entice buyers with real-time data and distinguish your listings with the metrics connect badge.

[00:07:58]Again, from this point, you can connect your customer metrics or web traffic.

[00:08:02]But if you want to skip that, you can do that here. You can put in the revenue you've made in the last 12 months. All right? Say for example um for example can put it here. We're just going to just giving random uh numbers.

[00:08:27]All right.

[00:08:40]Click on the next button. Number of customers is going to be around um this this. So is it going to be upwards stable and downwards? It's going to be upwards. All right. So this this very important part here you can give buyers a deeper insight into what makes your startup special. All right. So I need you to click on the next button. Month is January for example 295. All right.

[00:09:17]Click on next. So how is your bigger team? Is it going to be a solo founder? Small teams of 2 to 20 medium 21 to 100. Large 101 to 250 and enterprise. So for now we're going to be clicking the solo founder.

[00:09:33]country is obviously here. We're we're choosing um New York.

[00:09:41]Okay. And then enter a business model and press enter to add. Is it going to be licensing BC or business to consumer GTC direct to consumer or P2P peer-to-peer? Let's say business to business. All right. So, click that. If you want to add more details, you can do about it.

[00:10:05]Click the next button. Choose the technologies your product use. Is it going to be Firebase, C, Docker, for example, a Cordova? Click the next button. All right. So, competitors or maybe um this since we put in the [Music] uh the YouTube earlier. It's just for example, right? Improve conversion rates. Click the next button. Business challenge. How do you fund or finance?

[00:10:38]It's just for um venture capital. For example, a VC. All right. So for this is are just a random just showing you how seller profile. If you want you can describe yourself and add your background to later share with your buyers to approve.

[00:10:55]All right. And you can put in here I am an owner. You can add photo to your profile if you want. I'mma click the save button for now. Click on next. What's your background?

[00:11:14][Music] say acquire.com. So you have all these. All right. So we're going to be putting it here. Click on next. If you have your link in, skip this data room. Last is going to be uh drag and drop your skip this skip and then the marketing. All right. And then enter a headline describing your key customer benefits.

[00:11:52]All right. Click the next button and then enter your startup. Last is going to be clicking on next. All right.

[00:12:04]Enter. Click on next. We're almost done.

[00:12:07]All right. So asking price is here. Click on next. So we're almost done. All right. So you need to provide all the information so that they can contact you without any problem. All right. So after that you should be able to explore all the listings and create your listings of your own. And basically that's it for today's video. A complete walkthrough on how to use acquire.com to search for a business to buy and how to create your own listing to sell one for profit. Again, whether you're an inspiring entrepreneur looking to buy your first cash flowing asset or a seasoned founder ready to flip your next project, Acquire.com gives you the tools to make it happen. And that's it guys.

[00:12:59]Thank you so much for watching. We will see you again in the next video.