Monster thread on Selling Side Projects!

I've sold 5+ side projects in 2 years, these include:

3 custom coded plugins, apps or bots
1 digital download site
1 physical product business
1 subscription business built 100% no-code
+ lots of branded domains.

1/10

Selling my side projects instead of letting them expire has taught me so much about:

Building projects that people want to buy
Finding buyers & valuing projects
Preparing projects for handover
How to build better projects in the future

2/10

So then, why sell a side project?

Give an old project a chance to exist longer
Eliminate any monthly running costs
Gain capital to invest in your next idea
Allow someone else an opportunity for success
Release time from maintaining an old project...

3/10

Grow your network talking to interested buyers
Improve your sales and marketing skills
Increase confidence in your own ideas
Recoup any building costs
Learn skills to pass onto future projects
Even a small sale is a positive exit to the time invested!

4/10

Why do people buy side projects?
Some buyers:

struggle with ideas but excel at execution
have cash to invest but no time to trial many ideas
want a proven profitable business model
have time to maximise the untapped potential
like marketing & sales best

5/10

So, what exactly can you sell?

You can sell any combination of the following:


an idea, domains, branding, landing pages, custom code, business plans, designs, monetization models, processes, data, proof of concepts & prototypes

Businesses at any stage!

6/10

What should you include in the sale?

Be clear about what is & is not included in the sale!

Domains
Website & design assets
Email accounts
Logos & brand assets
Photography - product photos
Customer list
Sales info
Social media accounts

7/10

Physical products will also have:

Stickers & merch
Product inventory
Supplier info & costs
Manufacturing specs & tech packs

Remember there will be shipping costs!
Also be clear about business running costs!

8/10

Important things to remember:

The tech used to build will niche down buyers
Be prepared for projects not to continue - it’s their choice
Do your own due diligence - who is buying?
Sales can take a while - be patient
Buyers can flake - it’s not personal

9/10

Where can I sell my side project?

I’ve used:

http://IndieMaker.co 
http://Sideprojectors.com 
http://NocodeExchange.com 

Facebook groups, Slack channels & forums for the tools you use are also great too!

Any side-project questions?
Let me know!

10/10