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- Startup Sphere Weekly #62
Startup Sphere Weekly #62
This website builder is selling for $4,000,000. Plus, how much are local newsletters worth?
in partnership with
Welcome back to Startup Sphere - the weekly 5-minute digest about online businesses selling for life-changing amounts of money.
This week’s edition is sponsored by Microns - the go-to marketplace for buying and selling micro startups.
I’ve been featuring startups from Microns for months now, so I thought it was a perfect fit when they reached out and asked me to sponsor the newsletter.
If you’re looking for your next venture (buying or selling), Microns is the place to go.
Without any further ado, let’s get into this week’s rundown ↴
Weekly Rundown
Growth platform for LinkedIn
Asking Price: $800,000
TTM Revenue: $220,000
TTM Profit: $110,000
Automating growth on LinkedIn is a tough nut to crack, so I’m always curious when I come across a business like this.
The business for sale is a platform that helps professionals build their personal brand on LinkedIn. The SaaS helps users automate content, track engagement, etc.
As always, the risk with businesses like this is “platform risk”. The listing does mention that the platform doesn't rely on scraping or other risky actions. So that is a positive.
The business also comes with a database of 20,000 users (paying and free). So there is a low-hanging fruit for getting more paying subscribers from day one.
*****
All-in-one platform for podcasters
Asking Price: $4,000,000
TTM Revenue: $827,000
TTM Profit: $726,000
The podcast industry is booming so building a business to serve podcast creators only makes sense.
This business helps podcasters create and manage their podcast’s website, all without coding. Think WordPress, but for podcast creators.
I love this business model for a couple of reasons.
Firstly, it has a clearly defined target audience. This makes marketing easier.
There is also very little competition in the space (for now). So this business is an early player that will own a large share of the market.
Something else that sticks out to me, is that the platform has very low churn. This makes sense since once a user builds their website on a platform, there is a lot of effort needed to transition.
*****
Asking Price: $50,000
TTM Revenue: $22,500
TTM Profit: $19,500
I noticed local newsletters really starting to take off in late 2024.
This business is a newsletter focused specifically on Connecticut. They cover everything from events to daily happenings to the history of Connecticut.
The newsletter has strong stats, with 22,000 subscribers, a 44% open rate, and a 6% click-through rate. Oh and did I mention they have 50,000 social media followers?
Currently, it seems like the newsletter is monetizing through PPC ads, which I think is something that can be improved.
The new owner of the business should focus on reaching out to local Connecticut businesses and offering to advertise them in the newsletter.
Cast Your Vote
Which featured business would you acquire?Vote below and share why: |
Last week’s results: 100% of voters chose the AI video ad creation platform as the best business to acquire. Read last week’s newsletter here.
The easiest way to build a successful online business is to copy something that works.
That is why I started Startup Sphere - I was looking for my next idea, after selling a small SaaS that I built (globalentryalerts.com).
Now I am glad that I can share my passion for startups and business with a community of over 15,000+ people.
If you’re still looking for your next venture, I scraped one of the largest online business marketplaces and put together a database of 1,200+ businesses that actually worked.
If you’re looking for your next big business idea (that actually works), check it out here.
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That’s all for this week!
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Till next week 🐨
— Vlad