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How to Sell the Business Name? – Definition, 7 Steps

sell the business name

Sell the Business Name Definition

Sell the business name can be the company’s greatest asset. It serves as the symbol of expertise, customer service, and company identity.

It rarely does individuals want to buy the name of a business. And generally, transferring the company from one party to another involves selling both the business and its reputation.

When the person seeks when purchasing the business name, it generally occurs for the following reasons:

The name its significant importance to the individual attempting to buy it. And the reputation associated with the name value and unusually marketable.

And typically, the most common occurrence of the business name purchase involves the website domain name, especially those that can potentially encourage a significant number of page hits. With selling the business name, you’ll need to remove many things such as images and links, from sites previously associating with it that will no longer apply. You can learn how to remove images from google and other platforms online.

There are specific steps take when selling the business name.

1. Determine if the Business with a Similar Name Exists

2. Establish the Right to sell the Company’s Name

3. Prove the Validity of the Business Name

4. Remember, shorter Domain Names are better

5. Remove Obstacles Associate with the Business Name

6. Set the Money Amount for the Name of the Business

7. Be Prepared to Negotiate

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