WINDRIDGE

Review

Selling an internet business: marketplaces, brokers and M&A advisors, reviewed

An honest review of the ways to sell a content site, SaaS, e-commerce or digital media business: self-serve marketplaces, curated marketplaces, online business brokers, M&A advisors and investment banks.

The short answer

Self-serve marketplaces suit small sites that the owner can sell alone. Curated marketplaces and online business brokers suit owner-operated businesses with simple financials. M&A advisors fit companies where buyer selection, positioning and negotiation can change the outcome, often from a few million dollars in revenue. Investment banks fit the largest deals.

The reviews

Self-serve marketplaces

Open listing platforms, such as Flippa

Best for
Small sites, apps and side businesses
Strengths
Low cost, fast to list, a large pool of individual buyers.
Watch for
You run the sale yourself, and listings are public.

Curated marketplaces

Vetted listing platforms, such as Empire Flippers

Best for
Established content, e-commerce and SaaS businesses with clean records
Strengths
Vetting builds buyer trust, and there is a ready buyer base.
Watch for
A listing model: buyers come to you, rather than being chosen and approached.

Online business brokers

Brokers specializing in digital businesses, such as Quiet Light

Best for
Owner-operated online businesses
Strengths
Experience valuing online businesses and guiding first-time sellers.
Watch for
Broker models suit simpler deals; larger strategic processes may need more.

Digital M&A advisors

Advisors focused on SaaS, e-commerce and content, such as FE International

Best for
Larger online businesses wanting a managed process
Strengths
Structured process and a network of financial buyers.
Watch for
Check how the buyer list is built for your specific niche.

Boutique M&A advisors

Our pick

Senior-led advisors for media, internet and tech, such as Windridge

Best for
Media, internet and tech companies, often from a few million dollars in revenue, where the right strategic buyer changes the price
Strengths
Positioning and materials built in-house, targeted outreach to strategic and financial buyers, and senior negotiation. Our team led M&A at System1 and Forbes Marketplace.
Watch for
More preparation than a listing. It pays off when buyer selection matters.
From listing it yourself to a managed process
Each route fits a different business. The further right, the more the outcome depends on finding and approaching the right buyer.

How to choose

  • If you can sell it without help and speed matters most, list it.
  • If your business runs on you, has simple financials and suits an individual buyer, a curated marketplace or broker is efficient.
  • If a strategic buyer could pay more for your audience, data, team or technology than a financial buyer would, run a process that finds and approaches them.

Preparation matters in every case. Read what a sell-side process asks of the owner and our considering a sale resource.

Frequently asked questions

What is the difference between a business broker and an M&A advisor?

Brokers generally list businesses and respond to interested buyers. M&A advisors usually run a managed process: preparing materials, selecting and approaching buyers, and negotiating terms. The line blurs in the middle market.

Considering a sale?

We prepare the company, build the materials in-house and run a confidential process with the buyers most likely to pay for what you have built.