Buying an Online Business 2021 | How to Buy A Passive Online Business
Hey there, it’s Mike Swigunski here and I’m the founder of global career and best-selling author of Global Career: How to Work Anywhere and Travel Forever.
Today I’m going to talk about buying and selling online businesses, something that I have ample experience and over the past four to five years, I’ve helped broker more than 120 million in online businesses, and today, I’m going to talk about some of those things that I’ve learned over the years. If you’re interested in getting into space, how you can go ahead and sell a business or if you’re interested in buying, go ahead and buy a business, I’m going to break this up into two parts, so I’m going to start with buying an online business.
This can be a complicated space to navigate if you don’t know what you’re doing. Over the past four years, I’ve helped broker more than 120 million dollars in online businesses, so I’ve worked with lots of buyers and sellers and especially with how to market to these types of people that are looking to buy and sell online businesses over those four years I’ve learned a lot of things. Again I think this is one of the best industries for anybody looking to invest their money in and get a quick return over some time. Most businesses will be valued at 35 to 45 times that monthly net profit means if you buy an online business today within around an average of 40 months, you’ll be able to get that initial investment return to you. Then you’ll be able to essentially just take profit from there.
It’s one of the fastest-growing industries. These prices on these multiples are going to continue and going up. It is so much more difficult to start a business from scratch because there are zero guarantees that that business will be successful. I think a lot of people have seen that they can start. You know a few businesses may be one of them will take off. Still, the other ones will fail on average around 50 of online businesses fail within the first few years, and this is something that essentially you’re paying a premium for buying success buying a company that’s already established and is going to have a much greater chance of succeeding long term because that proof of concept has already happened because they already have a few years of the financial success of business success you’ll be able to take that and run with it.
There’s a saying that it’s much harder to get from zero dollars to ten thousand dollars a month in profit than it is to scale from ten thousand dollars to a hundred thousand dollars in profit if you’re looking to do that if you’re looking to take over an already established business making anywhere from a thousand dollars a month up to a hundred thousand dollars a month in monthly net profit that’s something that I can help you with and I help buyers and sellers essentially acquire digital assets and help you set up a strategic plan to really grow this business and essentially ten exits I’ve had a lot of experience growing my own personal funds and my own personal portfolio of online businesses.
I’ve had some instances where I recoup my earnings in less than nine months due to my growth strategy, so this is something that I love helping others with. If you’re interested in that, we can set up a free buyer consultation. I’ll leave some details below. If you’re interested in acquiring a digital asset and need some help navigating this space, I would be more than glad to help you out. I look forward to speaking to you about buying an online business, and again I think this space has so much more to grow if you’re looking to get into this space. Now is a great time to acquire a digital asset grow it over time and essentially.
if you’re looking to replace your full-time job or just looking to get into space and expand your portfolio of online businesses, I would love to chat with you, and again, I’ll leave those details down below so we can set up a free buyer consultation to talk more about acquiring a digital asset, and I’ll walk you through every step of the way to make sure that you’re going to be acquiring an asset that’s going to be the best fit for your skill sets and what type of investment you’re looking at and again if you made it this far please consider giving this video a big thumbs up and subscribing for the two new videos I’m releasing every week make sure you tap that bell notification icon to make sure you get notified to take care and have a wonderful rest of your day
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