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For many people, running an online business is “the dream.” After all, a successful online business can free you up to live the life you want on your own schedule and on your own terms.
This video will teach you how you can become an online business owner without starting completely from ground zero. You’ll learn how to buy an online business for sale, how to evaluate a company’s value and where to find businesses for sale.
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Timestamps:
00:00 How To Buy An Online Business For Sale
01:18 Starting A New Business Vs Buying An Online Business For Sale
03:13 Advantages Of Buying An Online Business
05:57 Disadvantages To Buying An Established Online Business
07:28 Due Diligence And What To Look For In A Business For Purchase
08:11 Why You Need To Look For Value
09:31 Criteria #1: Are The Profit Margins Good Enough?
10:32 Criteria #2: Is The Business Model Risky?
11:33 Criteria #3: Does The Business Have Growth Potential?
12:50 Criteria #4: Does The Business Have Established Assets?
13:40 Criteria #5: Are You Familiar With The Business Niche?
14:23 Criteria #6: SEO And Other Considerations
15:20 Where To Find An Online Business For Sale
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GET IN TOUCH:
If you’d like to talk, I’d love to hear from you. Tweeting @mywifequit directly will be the quickest way to get a response, but if your question is very long, feel free to email me at steve@mywifequitherjob.com.
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