Don’t Start a Business, Buy a Business (FREE COURSE) | MONEY TALKS with Jesse #26
Manage episode 414028265 series 3499257
James Camp, owner of the popular newsletter Nano Flips, joins MONEY TALKS with Jesse to give a step-by-step guide on how to buy, improve, and sell online businesses. James reveals the best online resources & tools needed to acquire businesses with a low budget, and exact numbers of how much money you can make doing it.
TIMESTAMP:
[00:03:10] Buying a business versus starting a business
[00:06:30] The biggest misconception of buying a business
[00:11:10] There’s a level of business for everyone.
[00:14:26] Entrepreneurship is not passive income
[00:17:09] Types of businesses to acquire with a low budget
[00:22:00] Use this framework when buying a business
[00:25:12] Mindset and entrepreneurship.
[00:27:00] The trough of despair.
[00:28:15] Where to buy online businesses.
[00:31:00] Questions to ask yourself before buying a business.
[00:36:15] Bolt-on acquisitions.
[00:39:07] Finding your point of leverage.
[00:41:20] Newsletters and monetization strategies
[00:45:18] Newsletter due diligence.
[00:51:18] Questions to ask an online business owner
[00:55:05] Newsletters and niche audiences.
[00:59:09] Buying distressed properties.
[01:01:28] Focus on core business strengths.
[01:04:55] Thinking in terms of enterprise value.
Check out the websites mentioned in this episode below:
flippa.com
acquire.com
motioninvest.com
withkumo.com
microns.io
duuce.com
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26 episoder