“In a world where more and more people are making money online, it has become easier than ever to start an online business and even easier to buy an online business that is already established and profitable. This means that if you’re looking to take the next step in your life as an “acquisition entrepreneur,” buying a profitable online business might be the best decision for you. Before rushing out to buy a company, let’s take a look at all of the factors to be aware of before you dive in and buy an established website or online business.
Right off the bat, it is essential to know that lots of investors with million and even billion-dollar portfolios have been scooping up online businesses in droves recently. The acquisition rate of online businesses has been skyrocketing for the last two years. More and more people are making money online, which means that there’s a growing amount of competition for online businesses as a whole.
When looking to take the next step as an entrepreneur or investor in 2021, buying an existing online business might be just what you need! Of course, though, you should do lots of research and know that you will be buying into an industry that is thriving and will continue to grow while you are a part of it.”
In this video, we look at Benjamin Strusnik’s story of buying a $515,000 online business with my help of myself (Mike Swigunski).
Ben was wanting to buy a business but could not find the time to make things happen and wanted extra assistance, so he decided to join my exclusive acquisition program that helps buyers find and acquire a business that fits their skill sets.
👉🏻 Ben’s journey all started with FREE buyer consultation, apply here.
Brian had tried selling his business on his own, but was getting LOW ball offers of $250k.
In this video, you’re going to learn exactly how I helped Brian sell his Amazon FBA Business for $674,000. I helped Brian exit his business for a total amount of $674,000 at a 38x which is much more than some of his initial offers.
After just 2-months, Brian was able to exit his business with one of my strategic buyers and earn the biggest pay-day in his life!
If you have ever considered buying an online business, then now is the BEST time to start. It has truly become a buyer’s market, and multiples and deals have become a lot more negotiable than in previous years.
Due to the state of the economy, a lot of sellers are looking for a big exit to get a large lump sum versus their normal monthly cash flows.
Buying an online business can be complicated, but it doesn’t have to be if you have a pioneer of the industry on your team.
As of writing this today, I’ve traveled to over 100 countries, visiting hundreds of cities, toured the countryside of some of the most incredibly beautiful landscapes, and I’ve got something I want to share with you.
I didn’t win the lottery. My numbers didn’t “come up” and allow me to travel at will. I wasn’t born with a silver spoon in my mouth. I’m not a trust fund baby. I do work hard, but more importantly, I paid attention to some of the details that most others miss.
It’s been these details that have provided me the opportunity to travel to all of these places, to live a life of luxury in some of the most exquisite five-star resorts, fly first class, and not have to save for 5 or 10 years just to do it once.
I’ve been doing it over and over and over.
Buying online businesses has allowed me to work and travel from around the world and generate a very flexible work/life balance, where I can take weeks and months off at a time without my entire portfolio of businesses having any issues.
The press is starting to take notice and I have contributed for Entrepreneur.com and Forbes.com on various topics regarding entrepreneurship, lifestyle, buying and selling online businesses and just about everything in between.
Buying and growing online businesses have been some of the best investments I’ve ever made and this process will work for you as well.
In 2016, I booked a one-way flight to start building Empire Flippers in Vietnam with a small team. I was employee #4 and helped grow the company to where it’s at now with hundreds of employees spanning the entire world.
During my time at Empire Flippers, I learned the in and outs of the entire industry and helped pioneer the buying and selling of online businesses, which has transformed into a billion-dollar industry
Fast-forward to today, and I’ve helped broker more than $120 Million dollars worth of deals, published numerous articles about buying/selling businesses on Forbes, Entrepreneur, and other prestigious publications. Then I even received offers from one of the wealthiest families in the world, the Rothschild family, to create an online business brokerage.
I have compiled and learned what works and what does not in the financing realm. There are lots of options and these will vary greatly on your current situation, but it’s always better to have a few different alternatives to consider in the financing realm.
Most of my students have saved an average of $178,000 in negotiations and strategic deal structures.
In 2019, I had my first personal acquisition. After brokering more than $120 Million in deals, I was finally ready to take the leap and practice what I preach.
Since then I have grown my personal portfolio to more than $1 Million in businesses and have more than 7 sources of semi-passive income.
All of this might sound complicated, but one of my SaaS businesses only requires about 1-hour per work a month, and the majority of my businesses have staff that runs the day-to-day operations. This allows me the freedom to focus on larger decisions and macro implementations to just concentrate on growing and optimizing the businesses.
The primary motivation behind my #1 best selling book: Global Career: How to Work Anywhere and Travel Forever was to share my experiences and help other have an alternative path to choose from in life. I believe it’s important to share the things we learn with others and that is one of the reasons I love teaching!
I’m excited to help others jumpstart their own global career through acquisition entrepreneurship! With almost 300 positive reviews on Amazon, I get the most satisfaction out of helping others get started on their own journey.
Access to this Buying Online Business Program will be closing soon. Only a few spots remain open! Because of the incredible response we’ve had (I can’t believe it’s booking up already!), it’s unclear how long it will be until I open it up again?