Buying Online Businesses Podcast By cover art

Buying Online Businesses Podcast

By: Buying Online Businesses
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  • Summary

  • Hosted by Jaryd Krause who went from plumber to creating an online business empire through buying websites for passive income. This podcast will unfold his secrets as you explore the highs, lows and light bulb moments of his personal journey in each episode. He will show you that no matter where you are in life an alternate lifestyle is more than possible. You will gain the knowledge you need to start buying online businesses yourself and live a fulfilling lifestyle.
    2024 Buying Online Businesses
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Episodes
  • $7500 - $500K Buy, Scale & Exit Ecommerce Brand with John Chen

    $7500 - $500K Buy, Scale & Exit Ecommerce Brand with John Chen
    Apr 17 2024

    Have you thought of owning an online business like an e-commerce brand? Here’s your chance to learn more about the evolving landscape of running an online business.

    In this captivating episode, we dive into the inspiring journey of John Chen, who turned a modest investment of $7,500 into a thriving e-commerce brand valued at $500K. John Chen has bought 2 online businesses from Flippa and sold 1. Both being in the e-commerce business, he knows a lot about scaling and exiting e-commerce. Join us as John shares his strategies and lessons learned along the way, offering advice for aspiring entrepreneurs looking to navigate the world of e-commerce.

    They discussed the business he bought, scaled and sold, how much he bought it for, and how much he sold it for? Why did he sell it? What did he do to grow the business? What did he learn about scaling businesses that he shared with us and also implemented in his other businesses?

    If you want to know how to buy, scale, and exit an e-commerce brand, tune in to this episode!

    Episode Highlights

    02:15 - The first business John bought

    06:30 - How much did he buy it for?

    14:33 - Strategies in scaling an e-commerce brand

    19:50 - The process of selling an online business

    32:20 - Why did John sell his online business?



    Key Takeaways

    ➥ John emphasizes the importance of due diligence in understanding the business's finances.

    ➥ After discovering that a significant portion of sales came from personal connections, John focused on scaling the business through digital marketing strategies, primarily leveraging Facebook ads. He experimented with various methods before finding success with Facebook advertising and refining product-market fit.

    ➥ John advises potential sellers to focus on building a valuable business with reliable and recurring revenues, emphasizing factors that make a business attractive to buyers. He stresses the importance of understanding what buyers seek and being prepared to demonstrate the value of the business during negotiations.



    About The Guest

    John has bought 2 online businesses from Flippa and sold 1. Both being in the e-commerce business, he knows a lot about scaling and exiting e-commerce.


    Connect with John Chen

    ➥ https://amplifycapital.us/

    Resource Links

    ➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/

    ➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com

    ➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/

    ➥ GoDaddy (Website Hosting & Buying Domains) - https://bit.ly/3YiRkWV

    ➥ Ezoic (Ad Network) - https://bit.ly/3NuVR5P

    ➥ Active Campaign (Email Software Provider) - https://bit.ly/3DCwYQH



    🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥

    ➥ Empire Flippers - https://bit.ly/3RtyMkE

    ➥ Flippa - https://bit.ly/3WYX0Ve

    ➥ Motion Invest - https://bit.ly/3YmJAmO

    ➥ Investors Club - https://bit.ly/3ZpgioR

    *This post may contain affiliate links, so we may earn a small commission when you make a purchase through links on our site/posts at no additional cost to you.

    See omnystudio.com/listener for privacy information.
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    36 mins
  • Financing An Online Business Acquisition with Stephen Speer

    Financing An Online Business Acquisition with Stephen Speer
    Apr 10 2024
    Acquiring your dream online business is now possible through financing options. Joining the BOB podcast today is Stephen Speer, who is the Founder and CEO of Ecommerce Lending, where they help people get SBA loans to acquire online businesses. They both discuss the size of businesses you can buy with finance. What are the 4 stage processes to get the deal across the line? What is the timeline to get a fiance? What do you need to have or get done before applying for a fiance? They also talked about the importance of assembling a team of professionals when buying a business. And who do you really need? What successful business buyers have in common? Why do they buy businesses and achieve great results compared to those who don’t? If you want to own your dream online business, watch this episode today! Episode Highlights 02:30: What is the minimum amount in financing an online business? 12:30: The type of business structures suited for financing 16:30: What’s the next step after the Letter of Intent? 21:45: The types of businesses suitable for you 23:40: Doer, get it done! 25:40: Owning an online business requires commitment Key Takeaways ➥ Stephen Speer discusses changes in the lending landscape for online business acquisitions, particularly focusing on the minimum loan amounts and financing options available. The minimum loan amount for acquiring an online business is $500,000, with an average loan size now at $2 million, significantly higher than previous years. While the Small Business Administration (SBA) remains a common choice for financing, Speer's firm has expanded its services to cater to larger deals through their Capital Access program, targeting enterprises valued between $10 million to $250 million. ➥ Stephen Speer discusses the typical deposit requirements for acquiring businesses valued between one to three million dollars. Generally, a 10% deposit is required, but in some cases, it can be reduced to 5% with seller contributions. This flexibility has opened doors for many acquisition entrepreneurs. ➥ Jaryd Krause and Stephen Speer discuss the impact of market trends on business acquisitions, noting that multiples have decreased, particularly in product-based businesses, while SaaS businesses still maintain higher multiples, especially in the lower middle markets. Speer highlights their firm's financing capabilities across various business models, including SaaS, e-commerce, and traditional brick-and-mortar businesses. The process for obtaining financing typically takes 60 days, with clients encouraged to get pre-qualified before starting their search and assembling an acquisition team to vet opportunities. About The Guest Stephen Speer is the founder and CEO of Ecommerce Lending, where they help people get SBA loans to acquire online businesses. Connect with Stephen Speer ➥ www.ecommercelending.com ➥ www.linkedin.com/in/stephenspeer ➥ https://www.instagram.com/stephenecommercelending/ Resource Links ➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/ ➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com ➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/ ➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG ➥ Optimize Press (WP Funnel for building landing pages & funnels) - https://bit.ly/3py1ln2 ➥ Ezoic (Ad Network) - https://bit.ly/3NuVR5P 🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥 ➥ Empire Flippers: https://bit.ly/3RtyMkE ➥ Flippa: https://bit.ly/3WYX0Ve ➥ Motion Invest: https://bit.ly/3YmJAmO➥ Investors Club: https://bit.ly/3ZpgioR *This post may contain affiliate links, so we may earn a small commission when you make a purchase through links on our site/posts at no additional cost to you.See omnystudio.com/listener for privacy information.
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    30 mins
  • How To Sell Your Business For The Highest Multiple with Ron Stefanski

    How To Sell Your Business For The Highest Multiple with Ron Stefanski
    Apr 3 2024

    Selling your business can be challenging but rewarding. So how do you sell it for the highest multiple?

    Today Ron Stefanski will be joining us to share his insights about selling an online business. He is an internet entrepreneur and marketing professor who has a passion for helping people create and market their own online businesses. You can learn more about Ron by visiting onehourprofessor.com.

    Jaryd and Ron have discussed building a portfolio and AI content. They also talked about when to sell your website, selling sites (what to do to get set up for a great sale), financials, add backs and content expenses and listing fees.

    Lastly, Ron gave advice for staying in the game of business and not burning out.

    If you want to sell your online business, check out this episode to find out!

    Episode Highlights

    05:30 Should you worry about AI?

    13:00 Why do you need to be cautious when owning multiple sites?

    20:30 What are the content website expenses?

    34:30 How to be a successful business owner?

    41:30 What's next for Ron?

    Key Takeaways

    ➥ Jaryd Krause and Ron Stefanski discuss the growing importance of authority in 2024, emphasizing the significance of quality content and strategic site structure. They touch on AI content creation, acknowledging its potential but cautioning that it requires careful prompting and extensive editing to ensure quality.

    ➥ Ron shares his perspective on content expenses, considering them as past investments when selling a site. He suggests transparency in communicating with buyers about the site's history and the flexibility they have in making decisions regarding content expenses.

    ➥ Ron stresses the importance of avoiding selling on a downward trend, emphasizing the need for solid financials and trimming unnecessary expenses. He suggests that reducing costs can lead to a significant return when selling a site

    About The Guest

    Ron Stefanski is an internet entrepreneur and marketing professor who has a passion for helping people create and market their own online businesses. You can learn more about Ron by visiting OneHourProfessor.com.

    Connect with Ron Stefanski

    ➥ https://onehourprofessor.com/

    Resource Links

    ➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/

    ➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com

    ➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/

    ➥ Optimize Press (WP Funnel for building landing pages & funnels) - https://bit.ly/3py1ln2

    ➥ Surfer SEO (SEO tool for content writing) - https://bit.ly/3X0jZiD

    ➥ Market Muse (Content Marketing Software) - https://bit.ly/3M


    🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥

    ➥ Empire Flippers - https://bit.ly/3RtyMkE

    ➥ Flippa - https://bit.ly/3WYX0Ve

    ➥ Motion Invest - https://bit.ly/3YmJAmO

    ➥ Investors Club - https://bit.ly/3ZpgioR

    *This post may contain affiliate links, so we may earn a small commission when you make a purchase through links on our site/posts at no additional cost to you.

    See omnystudio.com/listener for privacy information.
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    48 mins
Economics
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