Successfully sold your side project?

Yes, I did. It started as a side-project, then lifestyle business, then actual business (with 40 employees), then I exited.

I wrote about it on my personal blog.

Using the lessons learned for company #2, GapScout. :)

Happy to answer any follow-up questions you may have.

I sold my side gig through Flippa with Escrow. It took around 20days. Lesson learned, each saas should have their own account everywhere (AWS, cloudflare, Email hosting, etc.).

I've sold several at this point. The process is always a little different!

If you're selling a really small side project to another individual, it's usually just a matter of swapping money for assets and passwords. You can also use an escrow site if you want to be thorough (but be warned, they will take a cut).

Selling to a business is much more difficult and often results in a lot of back and forth, legal work, and paperwork. I sold a small suite of design tools to a sizable company in 2018 and the whole process took about 6 months from initial convos to money in the bank. It's harder, but the paydays are bigger.

Personally, I bring my lawyer in on any acquisition that's over $5k. Not just to protect the financial side, but there's a lot that can go wrong in terms of accountability, IP rights, expectations, taxes, etc. They might even advise you to adjust the price to account for XYZ on your end — things you would have never consider otherwise.

The first sale is always the hardest because you want to get paid and don't want to blow the deal. 😅 But you learn a lot in that first sale, and it makes future sales go much smoother.

when you got tag me i also want to see that!