Episode #665
Forget Starting a Business, Do This Instead 
May 27, 2018

In episode #665, Eric and Neil tell you what you should do instead of starting a business. Tune in to hear why you don’t have to start your own business.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: Forget Starting a Business, Do This Instead
  • [00:46] Neil thinks starting a business is one of the hardest things to do. It is far easier to buy a business.
  • [01:25] Buy a company and grow it.
  • [01:48] Income Store has over 800 websites. They buy other websites and promise a return to their investors.
  • [02:09] They brought in $28 Million last year.
  • [02:29] If you think you can’t afford to buy a business, you can always do cellar-based financing where you pay a monthly fee.
  • [02:53] You can do a lot of creative things to cut costs and improve profits.
  • [03:05] You can also only buy a portion of the company and include a clause where you can buy them out in the future.
  • [03:34] FE International has great content about buying businesses.
  • [03:45] Buy Biz Sell, Flippa, and Empire Flipper are also great resources.
  • [04:02] If you are looking for low-cost deals, Flippa and Empire Flipper are good for that.
  • [04:34] Neil’s favorite business purchases are blogs that aren’t properly monetized.
  • [04:45] Buy a business once you have proven that you can grow someone else’s business.
  • [05:00] Use those skills to grow your own site.
  • [05:30] Grow things on your own and once you’re confident, buy a business.
  • [05:34] That’s all for today!
  • [05:37] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
GEO is not different than SEO. BUT…
September 18, 2025

In this episode, Eric and Neil break down the evolution of SEO into GEO, AEO, and LLMO, and why marketers must adapt to shifting client demands. They explore how platforms like Reddit and YouTube now ...

Episode
What to Do If Someone Copies Your Product?
September 17, 2025

In this episode #3042, Eric and Neil break down the competitive landscape and market positioning, the role of personalization in advertising, and hiring strategies that spotlight candidates with prove...

Episode
How to Win Big Enterprise Logos
September 16, 2025

In this episode #3041, Eric and Neil discuss how to win big enterprise logos by focusing on relationships, networking, and long-term trust. They explain the role of RFPs, challenges in tracking leads,...