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Is advertising a business for sale on Craigslist a good idea, directing them to our posting on BizBuySell?

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Julie A. Barnes, CPA
Small Business Exchange, Inc.
Travis County, TX

Hi Dennis,

Don makes some valid observations about using Craig's List - advertising there often results in a flood of tire kickers. However, it's been my experience that - once in a while - you find a legitimate buyer - at least I have.

SO - if you've already prepared a package for the business you want to sell - it certainly doesn't hurt to respond to inquiries from Craig's List - just make sure they've signed a Non-Disclosure Agreement first. In this way, you actually spend little time responding.

You just never know. I'm a great believer in pursuing every avenue possible.

I cordially invite you to visit my blog: - where you can read other free advice about how to buy and sell a business.

Good Luck!
Julie A. Barnes
President, SBX, Inc.

Nov 10, 2009
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The BAF Group LLC

As a final note, I would suggest that the vast majority of Buyers at Craigslist are people with low levels of money. So, it depends on your business. If you are selling something very small, it may work better there than if you are looking for a Buyer for something rather substantial in size.

Nov 10, 2009
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The BAF Group LLC

I have had mixed results, with Craigslist. We have gotten A Buyer from time to time; but the vast majority are people with no money and no real interest; it seems as though they are just killing time on-line, and responding to anything that fills a void. I don't even know that I would classify them as "dreamers", which is how I see a number of callers and e-mails we get from newspapers and more serious on-line listing services, like BizBuySell. Not every call is going to be from a qualified Buyer - we know that. But with Craigslist, too many are just bored and a waste of time.

The other problem with Craigslist is that, for every call you get - qualified or not - you get about 20 goofs that want to sell you some multi-level marketing deal, or some get-rich-quick scheme that has absolutely nothing with what you have posted. They are mini-spammers. There are also some VERY serious con artists, that really gravitate to Craigslist.

Nov 10, 2009

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