Thread by @HelenRyles

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:

Ⓜ️IndieMaker.co
⚡Sideprojectors.com
🔀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