Intro
Once your side project is submitted, reviewed & approved, you will be notified via email of potential buyers. As a seller, it is completely up to you to engage with these potential buyers. Do not accept offers from buyers you don’t want to sell your project to. We strongly suggest you take your time in talking to the buyers. In addition to the exchange of emails, we recommend you to speak to them via other communication channels such as Skype, Google Hangout. Do not sell to anyone before speaking to them first directly and finding out all the information you can. Here are some tips when engaging with potential buyers.
- Talk to them face-to-face via video conferencing tools such as Zoom, Google Hangout and Skype.
- Do your own due diligence and background research on the user – ask for social media public profile (e.g. LinkedIn).
Arranging a sale
Once you and a buyer are in agreement of the sale, you can arrange how the assets of the project will be transferred and how the payment will be made. Please note that ProjectsForSale is not involved in the sale process whatsoever (at least not yet 😉). You as a seller need to ensure that the sale is valid, the buyer is legitimate and own all risks involved during the sale. Here are some tips when arranging a sale with an agreed buyer.
- Make sure all/any legal & sales-related paperworks are done. Often, there are documents such as Letter of Intent, Non-Disclosure Agreement, Contract of Sale and Transfer of Intellectual Property involved. If you need any of these, please make sure you consult your lawyer and have all documents signed by both you and the buyer before proceeding with transfer of your project.
- List all assets that will be included in the sale – e.g. domain name, code, design materials, data and agree with the buyer and work out when and how they will be transferred. You can also think about receiving certain amount for each asset that is transferred.
- At times, buyers would request if certain custom extensions can be done before purchase is made. In order to save your time and to make sure that you are only dealing with a legitimate buyer, we recommend that you include the extension work as part of the sales process so that you don’t do any needless work in case the buyer no longer engages.
After the sale
Congratulations! Once your project has sold – mark it as “Sold” in your Seller dashboard.