Every listing has a price on it, and almost none of them is the number you should pay. The asking price is the seller's opening position — hopeful, and negotiable. Your job as the buyer is to build your own number from the fundamentals, so you're anchored to what the thing is worth instead of what the seller wishes it were.
The good news: valuing a small project isn't a dark art. It's one formula and a handful of adjustments. Here's the whole thing.
The formulaStart with profit times a multiple
Almost every small online business is priced the same way: its yearly profit multiplied by a number. That multiple is the whole negotiation, and for small projects it sits in a fairly tight band.
That band is your starting point, not your answer. Where a specific project falls inside it — or below it — depends on how much risk you're taking on. Recurring, durable, verifiable, easy-to-run projects earn the top of the range. Everything shaky pulls the number down. Here's what moves it.
The adjustmentsWhat pushes the multiple up or down
You're not paying for what a project earned. You're paying for how confident you are it'll keep earning once it's yours. Certainty is the whole price.
No revenue yet?Pay for the head start, not the dream
Plenty of great buys have little or no revenue. You can't multiply zero, so a pre-revenue project is valued on its assets — the working code, the users or email list, the domain, and the sheer head start it gives you over building from scratch. The right question isn't "what could this make?" (that's the seller's dream); it's "what does owning this save me in time and money versus starting from nothing?" Pay for that, and you rarely overpay. These sell for less than revenue-generating projects, but a solid, transferable foundation is genuinely worth money to the right buyer.
The offerTurning your number into a yes
Once you have a number you believe in, the offer is about making it land as reasonable, not insulting:
The bottom lineBuild your own number
The seller's price is a starting line, not a verdict. Multiply the real, verified profit by a multiple that reflects the actual risk, discount hard for anything you can't confirm, and value a pre-revenue project on the head start it buys you. Then make an offer anchored to that math and close it safely. Do that and you'll consistently pay a fair price — which, over a few acquisitions, is the entire difference between a portfolio that pays off and one that doesn't.
Common questionsFrequently asked questions
How much should you pay for a side project or small online business?
Most small projects are valued on a multiple of yearly profit. In 2026, a profitable, recurring-revenue app commonly trades around 3–5x annual profit, with the exact number moving up for growth, low churn, and diversified traffic, and down for decline, concentration risk, or hard-to-transfer ownership. Start from the multiple, then adjust for how much risk you’re actually taking on.
How do you value a pre-revenue app you want to buy?
A pre-revenue project has no profit to multiply, so you value it on its assets — the working code, the users or email list, the domain, and the head start it gives you versus building from scratch. Pay for the time and money it saves you, not the founder’s projections. These sell for less, but a solid foundation is worth real money to the right buyer.
How do you make a fair offer on a side project?
Anchor to the math: state the multiple and the numbers behind your price so it reads as reasoned, not lowball. Open slightly below your ceiling to leave room, and use non-price levers — a transition-support window, or a holdback where part of the payment is tied to the revenue holding up after transfer — to bridge a gap on a riskier deal. Always close on-platform.
Found one worth buying?
Make your offer right on the listing, back it with a free AI code analysis, and settle through secure payments — your money moves only when the project does.
Browse projects →Price the risk, not the hope. That's the whole buyer's edge.
— The Vertos team