October 18, 2019  
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Selling a Psychics and Mediums Business

You've learned a lot during your tenure as a psychics and mediums business owner. Now the trick is to convince cautious buyers that your operation is worth the asking price.

The buzz in the marketplace is that now isn't the right time to sell a psychics and mediums business. Consequently, sellers are holding their businesses off the market until they are sure the market will sustain their asking prices.
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Many business owners don't know that psychics and mediums businesses are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.

Leveraging Industry Connections

Today's psychics and mediums business buyers can be found in a variety of locations. To advertise your sale to the widest possible audience, consider a listing on BizBuySell.com or other top online business-for-sale listing sites. For more targeted lead generation, consider tapping into your network of industry contacts. When leveraging industry relationships for sales prospects, you'll need to be cognizant of the potential for competitors to use knowledge of your sale against you in the marketplace. Use good sense in restricting the flow of information within the industry and focusing your efforts toward trusted industry allies.

When Is the Right Time to Sell?

When is it the right time to sell your psychics and mediums business? If you're asking the question, now may be the time to put your business on the market. Opinions are mixed and some consultants are advising psychics and mediums business sellers to put their plans on hold until the economy fully rebounds. We aren't nearly as pessimistic about the psychics and mediums business marketplace. The inventory of what we consider to be quality psychics and mediums businesses is actually low right now and there is room for the right sellers to realize substantial gains with investment-conscious buyers.

Finding Psychics & Mediums Business Buyers

It's difficult to predict where the buyer of your psychics and mediums business will come from. Avoid pigeon-holing your search to a single buyer category. Although it's helpful to target promotional tactics to likely buyers, allow for some exposure to the broader market. networking may also prove to be a valuable resource for identifying prospective buyers, but only to the extent that it can be done discreetly.

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Given your interest in exit planning and in psychics and mediums businesses, you might find these additional resources to be of interest.

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What's your experience regarding how to sell a psychics and mediums business? We love to receive feedback from the industry and welcome your comments and questions.

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