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
8-Figure Bootstrapped Agency Blueprint
June 15, 2024

In this bonus episode, we give you a sneak peek into what our Agency Owners Association (AOA) hangouts look like. We discuss the importance of client recap reports, the potential of AI consulting for ...

Episode
Engagement grew on X despite controversy, research finds, Beverly Hills schools struggle to fill classrooms, $6.6M SaaS built off of YouTube influencers, What is warm outbound sales?
June 14, 2024

In episode #2758, we discuss he effectiveness of different marketing tactics, such as influencer marketing and email marketing, and share examples of successful campaigns. We also touch on the current...

Episode
The marketing genius of the Kardashians, and What Eric gets out of YPO retreats
June 13, 2024

In episode #2757, we discuss the marketing powerhouse that the Kardashians are and how they control their messaging and connect with their audience. The conversation then shifts to Eric's YPO retreat ...