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The Domain Magnate Show
11 minutes | a month ago
EP30: What to Expect When Selling a Business to Domain Magnate
In the 30th episode of The Domain Magnate Show, Michael goes over the questions our sellers have when it comes to buying their website. He explains the importance of transparency in the negotiation and why we ask the questions that we do in order to provide fair offers and deals. GUEST BIO: Michael Bereslavsky is the founder and CEO of Domain Magnate. He’s been involved in various internet-based businesses since 2004 and quickly graduated from building, promoting, and monetizing websites to buying and selling them. With over a decade of experience, Michael and Domain Magnate has managed 300+ successful deals. SKIP TO THE GOOD PARTS: 1:02 – 2:08 Michael shares about his background and what the company does 2:09 – 5:48 How Domain Magnate evaluates a business 5:49 - 8:53 How to check your website’s potential 8:54 - 9:27 Taking a closer look at your business 9:28 - 11:02 Signing deals and how to contact us SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
53 minutes | 4 months ago
EP29: Richard Patey and Michael Bereslavsky discuss Due Diligence for First Time Buyers
In this episode of the Domain Magnate show, Michael speaks with website investor Richard Patey. Richard gives advice on selling sites and discusses with Michael how to fix the common mistakes a first-time seller can make. GUEST BIO: Richard Patey is an online entrepreneur. He started his first business in 2009 after quitting his job and made a living off selling his SEO and WordPress website services. He went from niche to niche until he realized how investing in these websites had their own bright world and from then on offered his services under Flipping Websites which he also sold later on. He currently owns and runs Website Investing Publication that helps provide much-needed information and keeps investors up to date on relevant digital news while continuing to build his portfolio of sites he continues to operate. SKIP TO THE GOOD PARTS: 0:09-1:20 Michael welcomes Richard and gives a quick introduction 1:21-3:39 They talk about acquiring sites for consultants 3:40-10:05 Diving deeper into the deals process 10:06-13:28 Tying together podcasting and specialty 13:29-41:37 Common mistakes for first-time buyers 41:38-46:41 Selling starter sites 46:42-51:03 Richard shares about his growing newsletter 51:04-52:32 How to reach out to Richard SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
48 minutes | 4 months ago
EP28: Mark Daoust from Quiet Light Brokerage on Closing $70M in Deals Last Year
In this episode of the Domain Magnate show, Michael speaks with Mark Doust, the CEO, and founder of Quiet Light Brokerage. They speak about Mark's journey into Quiet Light Brokerage, how it grew, and is thriving to this day. Plus tips and perspectives for buyers and sellers in the acquisition business. GUEST BIO: Mark Daoust is a business owner, guest author for numerous publications, and frequent presenter at top conferences. He is the CEO and founder of Quiet Light Brokerage. Mark started an online publication before Quiet Light Brokerage and has experience in growing a six-figure subscriber base. Since 2007 he continues to help multiple small business owners achieve their goals and is currently still expanding his own team today. SKIP TO THE GOOD PARTS: 0:09 - 8:05 The beginnings of QuietlightBrokerage 8:06 - 14:12 Mark recounts the biggest deals he's made 14:13 -21:23 Potential pricing and Commission structures 21:24 - 23:12 Mark shares his main source of clients 23:13 - 30:55 Michael & Mark on entrepreneurial burnout 30:56 - 41:44 Referrals and changes in the industry 41:45 - 47:16 Advice for new investors and buyers SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
49 minutes | 4 months ago
EP27: Managing an 8 figure Ecommerce Portfolio with Ronnie Teja
In this episode of the Domain Magnate show, Michael chats with Ronnie Teja, the Founder of Branzio.com They discuss the current state of eCommerce in the digital world and how to manage an 8-figure business. GUEST BIO: Ronnie Teja is the Founder and CEO of Branzio. He currently owns and operates this flourishing eCommerce business that focuses on selling watches among other niches that are still moving for expansion today. He has been doing business from the time he moved to Canada in 2008 and has been trusted in the field ever since. With over 15 businesses on hand and a remote team of 30 people, Ronnie has his hands full on managing the company and continues to grow businesses to this day. SKIP TO THE GOOD PARTS: 0:10 - 1:02 Michael and Ronnie talk about his role in business 1:03 - 2:37 Ronnie shares how he manages his goals 2:38 - 4:44 Where did these companies come from? 4:45 - 6:Ronnie recalls the best deals he's made 6:57 - 9:40 They discuss the approach to buying eCommerce businesses 9:46 - 23:21 Onboarding new business 23:22 - 29:44 How business is growing currently in this time 29:45- 44:39 Strategies on managing Ronnie's eCommerce business 44:40- 47:02 Ronnie recounts his favorite travels 47:03- 48:18 advice on eCommerce due diligence SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
13 minutes | 5 months ago
EP26: Meet Our Team at DealFlow Brokerage Responsible for over $50M in Deals
In this episode of the Domain Magnate Show, we tune in to meet the team behind Dealflow Brokerage and are also provided with some advice for buyers and sellers and a quick view of the industry. SKIP TO THE GOOD PARTS: 0:10 - 5:28 Meeting the Domain Magnate team. 8:13 - 9:40 Considering Dealflow Brokerage over other M&A Advisors. 9:46 - 11.59 Advice from the team for planning your company's exit plan. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
54 minutes | 6 months ago
EP25: Closing a $10M Deal with Eric Owens from AppBusinessBrokers.com
In this episode of the Domain Magnate show, Michael chats with Eric Ownes, the Founder of AppBusinessBrokers.com. They discuss current trends in the mobile app market, when it is a good time to sell a mobile app, and more. GUEST BIO: Eric is the founder and CEO of AppBusinessBrokers.com and has been successfully brokering Internet businesses since 2004 and doing online business since 1997. His engineering background and attention to detail, combined with his systems thinking and ability to understand key aspects of each business, puts him at the top of the elite when putting deals together. Having started, grown, and sold numerous businesses, Eric has an impeccable reputation for efficiency, speed, and integrity making him one of the most trusted and sought after business brokers in the world. SKIP TO THE GOOD PARTS: 1:09 - 1:36 - Michael and Eric chat about the kinds of sales APP Business Broker has brought in. 4:00 - 6:07 - Eric brings in a $10 million dollar deal. 6:50 - 8:43 - Eric shares about his most memorable sale yet. 25:09 - 26:20 - Seeing more buyers than sellers after COVID. 27:48 - 29:40 - Eric gives advice to those buying and selling businesses. 39:31 - 41:29 - Thoughts on an evolving industry. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
24 minutes | 6 months ago
EP24: Flippa’s CEO Blake Hutchison on Industry Trends and Deals
In this episode of the Domain Magnate show, Michael chats with Blake Hutchinson, the CEO of Flippa. The #1 platform to buy and sell sites, stores apps and digital properties. Tune in as they talk about the effects they’ve seen due to COVID, changes they predict in the marketplace and the new exciting features at Flippa. GUEST BIO: Blake Hutchison is the current CEO of Flippa. Under his direction, Flippa has undergone great strides in improving the processes, experience, and security measures of the marketplace. Before joining Flippa, Blake developed an impressive executive track record at global brands like Xero, Good44, Luxury Escapes, and Lonely Planet. SKIP TO THE GOOD PARTS: 1:29 - 2:46 Blake elaborates a bit more on Flippa’s new Mantra. 7:00 - 11:18 Michael and Blake chat about changes they’ve seen in prices due to COVID-19. 11:37 - 16:19 Blake talks about new features and changes at Flippa 21:46 -23:03 Blake gives advice to new buyers coming into the marketplace. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
75 minutes | 6 months ago
E23: Dom Wells of Onfolio on Managing Content Site Portfolios, Funds and the Latest Industry Trends
In this episode of the Domain Magnate show. Michael talks with Dom Wells, founder of Onfolio, about his experience managing content site portfolios. They also discuss the effects that COVID-19 has had on the industry and predict some of the trends we might see in the months to come. GUEST BIO: Dom is the founder of Onfolio. He has been building, buying, and operating profitable websites since 2012. He’s an industry thought-leader, international speaker, and owns a 7 figure content site portfolio. Additionally, he has strong skills in operations and building systems. SKIP TO THE GOOD PARTS: 1:03 - 0:02:08 Dom shares a bit about OnFolio. 0:10:57 - 0:14:56 Discussing possible changes that may arise due to COVID. 0:31:21 - 0:34:28 Dom talks about his interest in buying display advertising sites. 0:49:13 - 0:50:04 Dom talks about his plans for selling. 1:01:05 - 1:01:52 Dom mentions his blog post about learning from past mistakes in business. 1:04:11 - 1:06:52 Dom shares his advice to those looking to buy their first site. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
5 minutes | 8 months ago
EP22: DealFlow Brokerage and Domain Magnate Announce Strategic Partnership
In this special episode of the Domain Magnate Show, Michael Bereslavsky and Jamie Toyne announce the exciting new partnership between Dealflow Brokerage with Domain Magnate and what it means for customers. GUEST BIO: Michael Bereslavsky is the founder and CEO of Domain Magnate. He’s been involved in various internet-based businesses since 2004 and quickly graduated from building, promoting, and monetizing websites to buying and selling them. With over a decade of experience, Michael and Domain Magnate has managed 300+ successful deals. Jamie Toyne is a serial entrepreneur and a former Director at Flippa.com. During the completion of his double-degree in finance and entrepreneurship at RMIT, Jamie consulted large retail brands on their eCommerce strategy. He then shifted his focus toward internet companies where he bought and sold websites and helped hundreds of entrepreneurs do the same. SKIP TO THE GOOD PARTS: 0:30 - 0:40 Brittany Bond announces a partnership between Domain Magnate and Dealflow Brokerage. 1:21 - 3:00 Micheal Bereslavsky and Jamie Toyne talk about why they’ve chosen to partner companies. 3:11 - 4:04 The founders share some insight to the exciting new things that will be available for their customers. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
25 minutes | 8 months ago
EP21: Mike Michalowicz on successful book launches and healthy, profitable businesses
In this episode, Michael speaks with Mike Michalowicz about how to write and launch successful books, how to hire your replacement, and why your clients actually want your business to be profitable. GUEST BIO: Mike is the author of Fix This Next, Profit First, Clockwork, and others. He has keynoted at the world’s biggest business events. He has built four multi-million-dollar companies and sold two of them: one to private equity and another to a Fortune 500. Mike is a business author with a clear mission: Eradicate entrepreneurial poverty. SKIP TO THE GOOD PARTS: 0:42 – 1:54 Mike Michalowicz talks about his new book, Fix This Next, and shares some of the difficult parts about launching a book. 2:11 – 3:25 Mike gives us some advice on how to write a great good. 3:37 – 3:50 Mike talks about how his books are a blend of experience and entrepreneurship. 8:56 – 11:46 Mike shares his thoughts on getting over exhausting beliefs in business in order to really grow. 12:35 – 14:08 Mike shares his thoughts on how self-awareness of one’s strengths and weaknesses is key in running a business. 17:10 – 19:13 Mike shares his perspective on what criteria makes for a strong, healthy business. 20:44 – 22:31 Mike talks about who would benefit most from reading his new book, Fix This Next. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
29 minutes | 10 months ago
EP20: Doron Wolffberg in pursuing growth through acquisitions
In this episode, Colton speaks with yellowHEAD’s Head of Mergers and Acquisitions, Doron Wolffberg. They talk about how yellowHEAD began purchasing websites, the types of websites they look for, mistakes they've made in past acquisitions, and how you can avoid making the same ones yourself. GUEST BIO: When he’s not practicing Brazilian Jiu-Jitsu, Doron leads yellowHEAD’s Digital Acquisitions team with 5 years of experience in SEO, Content Marketing, and Lead Generation. He has a B.A. in Economics from Hebrew University. SKIP TO THE GOOD PARTS: 0:34 - 2:50 Doron Wolffberg shares how he got started and what he is up to now. 3:17 - 4:53 Doron compares the process between acquiring an already operating site over starting one from scratch. 5:25 - 7:04 Doron shares his thoughts on the logistics of finding a business model that fits with your own skill set. 7:56 - 10:27 Doron shares what his team currently looks like and what it takes to keep up profitably. 12:24 - 14:15 Doron discusses some strategies for increasing cash flow and traffic in your company. 14:31- 16:09 Doron shares what strategy has been most effective for him when it comes to selling businesses. 16:32 - 20:04 Doron shares an experience where an acquisition didn’t successfully pan out. 21:02 - 22:43 Doron shares about one of his successful experiences with an acquisition. 23:53 - 24:11 Doron shares what his plans for himself and Yellow Head are for 2020. 24:30 - 26:40 Doron gives advice to anyone just starting out or to those who already have a portfolio. 27:43 - 27:53 Doron gives information on the best way to reach him. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
49 minutes | 10 months ago
EP19: From selling InvestorJunkie for $6M, Larry Ludwig now teaches how to win affiliate marketing and SEO
In this episode Colton talks to Larry Ludwig about growing and selling InvestorJunkie, things that he learned along the way, mistakes that he made, as well as where he feels blogging is going in the years to come. GUEST BIO: With over twenty years of experience, Larry has been there himself. He has overcome many obstacles and can tell you how you can too! Larry has assisted solo-entrepreneurs to Fortune 500 companies with their digital marketing. SKIP TO THE GOOD PARTS: 0:35 - 1:55 Larry Ludwig shares about when he got started and how he eventually sold his company, Investor Junkie, for 6 million dollars. 5:01 - 5:24 Larry shares how an unfortunate incident helped him see how beneficial optimizing one's search and diversifying traffic was for his business. 5:37 - 6:11 Larry shares what ultimately led him to sell Investor Junkie in 2018. 9:34 - 10:14 Larry talks about the struggles of an entrepreneur's mind never really shutting off. 10:54 - 13:13 Quality versus Quantity and properly tracking one's site's traffic. 15:14 - 15:40 Larry shares his thoughts on the importance of keeping up and staying to date with with one's blogging content. 17:45 - 18:29 How not properly tracking one's traffic is a recipe for failure. 19:07 - 20:07 The importance of having a close relationship with your affiliate managers. 21:18 - 21:23 Creating a brand that can sustain longevity in your company. 28:47 - 30:19 Larry has yet to find the right business to acquire. 38:31 - 41:52 Larry shares what he thinks will be the next 9 big trends in blogging. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
23 minutes | a year ago
EP18: Amazon FBA and Brand Acquisitions with the eCommerce Gladiator Michael Michelini
In this episode Michael chats with founder/investor/podcaster Michael Michelini about building and selling an Amazon FBA business, joining the acquirer company, as well as advice for those who are thinking of selling an online business. Michelini is currently the Director of Business Development at Alpha Rock Capital. GUEST BIO: American social media & e-commerce specialist in China since late 2007, Michael Michelini is passionate to help companies do business in China leveraging the power of social media and e-commerce. He hosts a weekly podcast GlobalFromAsia.com to help businesses understand how to grow their business in China and other parts of Asia. SKIP TO THE GOOD PARTS: 0:38 - 0:49 Michael M. tells how he describes to others what he does 0:58 - 1:18 Michael M. describes how he started, grew and sold his business Sissetonel 1:26 - 1:43 An explanation of the deal to buy Sissetonel and the how Michael M. was compensated 1:52 - 2:15 Michael M. talks about his first job and how he eventually ended up going out on his own 2:19 - 3:46 Why Michael M. decided to sell his business 4:12 - 5:31 Michael M. describes the process of negotiating when he sold his business 5:42 - 6:32 Michael M. explains his role at Alpha Rock Capital and he also describes Alpha Rock and what they do there 7:14 - 8:36 Michael M. talks about Alpha Rock's fund, it's minimum contribution amount, and how investors are paid 9:02 - 9:24 Michael M. talks about why they focus on Amazon FBA acquisitions only 9:24 - 9:47 Michael B. explains the advantages of focusing on one type of acquisitions 9:47 - 10:33 Michael M. talks about the type of Amazon FBA niches they look for when making acquisitions 10:33 - 10:41 Why Michael B. and Domain Magnate like the "boring stuff" 10:41 - 11:04 Where Alpha Rock finds deals and what their general price range is 11:11 - 11:52 Private deals vs. going through brokers and why Michael M. finds private to be trickier/riskier 12:01 - 13:50 Michael M. gives his advice for first time sellers 14:07 - 15:07 Michael M. talks about the advantages that Alpha Rock Capital and the team bring to the table when buying and managing FBA brands 15:16 - 15:41 Michael M. explains their growth goals for acquired businesses 15:41 - 16:42 Michael B. on Domain Magnate's goals for newly acquired businesses and their consistent track record for the past 15 years 16:42 - 17:32 Michael M. about the important of deal flow 17:32 - 18:27 Michael B. talks about how they've had to reject investors recently because of capacity 18:27 - 19:58 Michael M. on combining multiple acquired businesses to build bigger brands 19:58 - 20:35 Michael M. explains the type of risk that Domain Magnate needs to mitigate for with it's content sites 20:35 - 22:11 Michael B. talks about potential risk in their business and how they utilize separate seller accounts toe mitigate those risks SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
20 minutes | a year ago
EP17: Ask Michael 1
In this episode Michael answers 6 common questions that he is often asked by buyers, sellers, and clients, including "Why would anyone sell a profitable business?", "What type of business should I buy?" and more... GUEST BIO: Michael Bereslavsky is the founder and CEO of Domain Magnate. He’s been involved in various internet-based businesses since 2004 and quickly graduated from building, promoting, and monetizing websites to buying and selling them. With over a decade of experience, Michael and Domain Magnate has managed 300+ successful deals. SKIP TO THE GOOD PARTS: 1:02 - 3:26 Michael shares some reasons revolving around why someone might sell a profitable business. 3:32 - 5:50 Michael gives some insight as to finding a good operator or website manager. 5:57 - 8:27 Michael talks about how one might find a deal when wanting to purchase an online business. 8:28 - 9:20 Michael gives advice on where to go, or who talk too in order to find good deals. 9:24 - 11:35 Michael shows us how to figure out how much one's website might be worth. 12:15 - 13:40 Michael shares about the quickest deal he's ever made. 13:55 -16:00 Michael talks about what type of business one should think about buying. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
45 minutes | a year ago
EP16: Career Shifts, Scaling, Investing, and SEO trend discussions with Dan Fries
In this episode Colton speaks with Dan Fries of Next Ventures (https://nextventures.group) and BlueTree.ai (https://bluetree.ai) about his journey from "serious science" to buying and selling businesses. The also discuss how Dan scales his team vertically instead of horizontally, and some lessons he's learned along the way. GUEST BIO: Dan co-founded Next Ventures in 2016. Previously, Dan built a publishing business in the cognitive health space. He oversaw dealflow for Wired Investors, a PE firm for internet-based businesses. Dan has experience as an entrepreneur, operator, and investor (https://nextventures.group), and specializes in buy-side PE business brokerage. Prior to founding Next Ventures, Dan worked at the Dana Farber Institute at Harvard Medical School, co-authoring several publications in the field of translational oncology and bioinformatics. SKIP TO THE GOOD PARTS: 1:04 - 3:54 Dan describes his journey from being a scientist to getting into digital marketing. 7:26 - 10:13 Dan shares a bit about what Next Ventures is and how it got started. 14:17 - 15:07 Dan shares how he applies his skill set of content marketing to increase revenue with different sites. 18:31 - 21:08 Dan talks about the culture they’ve established at Next Venture. 22:52 - 27:28 Dan shares about the parallels between finding success and having quality content. 33:31 - 34:54 Dan talks about the changes and opportunities now with the new way affiliate marketing works. 37:22 - 38:18 Dan talks about looking for sites that have upside potentials when in search of new revenue. 42:33 - 43:32 Dan shares a bit about his new agency, Blue Tree. 44:00 - 44:42 Dan shares his information on how to connect with him. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
55 minutes | a year ago
EP15: Handling Partner Breakups, Business Relationships, and Turning Passion Into a Business with Frederick Lansky
In this episode, Colton speaks with Frederick Lansky of Points Panda (https://pointspanda.com) about Frederick's recent partnership breakup and buyout from his first company. They also chat about the differences between ecommerce and productized services, how making one person the face of the company can make it harder to sell, Frederick's advice for people wanting to leave the corporate world, staying healthy as an entrepreneur, and much more... GUEST BIO: Frederick Lansky is an entrepreneur and digital nomad. Frederick started iChess (https://www.ichess.net/) - an ecommerce site that sells instructional videos for chess players - and grew it to $1M in annual revenue. He has since left iChess and gone on to start Points Panda (https://pointspanda.com), a productized service business that provides credit card consulting and airline miles reward booking for one flat rate. SKIP TO THE GOOD PARTS: 0:58 - Frederick shares his story on how he got started. 4:47 - The story of Frederick's recent business iChess. 6:24 - Growing iChess to $1M ARR. 8:07 - Chris Reynolds and the importance of having a coach. 11:13 - Respectfully parting ways. 14:19 - Rethinking ways of handling a business partnership. 19:25 - A different business model. 24:42 - Sustainable ways of growing a business. 27:55 - Some things to consider when looking at ecommerce, digital product ecommerce or productized services. 32:38 - Frederick suggests ways to reduce expenses in order to start a business. 35:17 - Spending a year abroad to get your business off the ground. 38:04 - Getting systems in place in order to sell your business. 40:07 - Leveraging your image for your business. 43:56 - Selling an ecommerce business vs selling a productized service business. 46:26 - What Colton is up too now, and how to connect with him. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
21 minutes | a year ago
EP14: Buyer Negotiations, Team Structure, and Balancing Life and Business with Nate Ginsburg
In this episode, Michael talks to Nate Ginsburg about his experiences selling and buying businesses, yoga and staying healthy as an entrepreneur, and what Nate looks for when investing in or buying a company. GUEST BIO: Nate Ginsburg (https://www.nateginsburg.com) is a successful entrepreneur, investor and a passionate yogi. After successfully building seven-figure businesses on two different continents, he now teaches people at SellerPlex (https://sellerplex.com) how to use the best online techniques and marketing methods to build a successful business, make money online and save themselves a lot of time and effort. SKIP TO THE GOOD PARTS: 0:58 - Nate shares how he got started in 2014. 11:00 - Nate shares about the importance of clarity when entering into a partnership. 18:50 - Nate speaks on having a foundation of trust when making deals. 21:22 - Nate remembers when he was thinking of becoming an investor. 23:17 - Nate on selling a business for a million dollars. 32:02 - When things lead to a lower sale. 33:39 - Health and Yoga. 38:28 - Michael shares the importance of staying on top of one’s health. Especially as an entrepreneur. 38:46 - Differences in entrepreneurs between North American and Asian cultures, when it comes to health, balance and work. 44:46 - Nate recalls realizing that if he wanted an opportunity he had to go and find it. 54:23 - Getting a business from zero to a million in profit. 58:38 - Nates talks about cash flow, salary and profit. 1:09:26 - Micheal shares his thoughts on structure, strategy, and the relationship between one and their seller. 1:10:39 - Nate on deals, one day at a time. 1:13:14 - Nate share advice to anyone who wants to start a business. 1:15:52 - Nate on avoiding mistakes in business. 1:21:11 - One’s gut feeling and intuition. 1:21:22 - Services and products Sellerplex.com offers. 1:22:27 - How to connect and contact Nate Ginsburg. SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
58 minutes | a year ago
EP13: From plumbing to buying businesses with Jaryd Krause
In this episode Michael talks to Jaryd Krause of BuyingOnlineBusinesses.com about Jaryd's journey from being a plumber to buying businesses online and traveling the world. They discuss how Jaryd is now helping other people achieve their dream lifestyles buying and selling online businesses. GUEST BIO: Jaryd Krause has gained knowledge, experiences and great success through purchasing online businesses and teaching people how they can do the same. Jaryd's mission is to teach 1,000 people how to replace their current income, quit their job and live a lifestyle they absolutely love. To show people an alternate lifestyle is more than possible. QUICK LINKS: Buying Online Business Buying Online Business - Free Resourses SKIP TO THE GOOD PARTS: 0:34 - 2:24 Jaryd talks about how he explains what he does to others. He also talks about his journey from plumbing to buying and selling websites and traveling the world 2:43 - 3:43 Michael describes how he explains what he does to people. 5:06 - 5:53 Jaryd talks about how is bought his first business 7:57 - 8:46 The story of how Jaryd got into teaching people how to buy businesses 9:16 - 10:45 Jaryd explains how customers find him and how he structures his services 10:56 - 11:20 Jaryd talks about the average amount his customers will spend on a business and how it’s gone from from $30K to $50K-$250K 11:20 - 12:11 Michael explains a service offered by Domain Magnate where the help the client purchase a business and then manage it for them 12:11 - 12:59 Jaryd talks about the increase leverage larger businesses have in comparison to smaller ones 13:42 - 15:23 Jaryd talks about two important things he teaches is clients; two goals they should have 16:57 - 18:06 Jaryd talks about how he finds business on FE International and Empire Flippers and how helpful these companies are for first time buyers 18:50 - 21:07 Michael explains where Domain Magnet’s deals come from and how he is looking for a different sort of deal so FE and EF are not idea for DM’s purposes 23:11 - 24:29 Jaryd talks about how he makes money. He describes the membership and community that he is running and how much it costs 26:19 - 27:28 How Jaryd teaches due diligence to his clients and how important it is to become an “Attractive Buyer” 31:03 - 32:05 Jaryd talks about some things to keep in mind when buying your first business 32:37 - 35:48 Jaryd and Michael discuss group buying and where they feel the online investing industry is headed. Jaryd also talks about how he is preparing his team for group buying and larger investments. 37:47 - 40:43 Michael and Jaryd discuss how, right now, brand new, high-risk businesses are being sold for the same amount as some decade-old, low-risk businesses 42:41 - 43:42 Jaryd talks about finding virtual assistants to help first time buyers run their new company 43:42 - 45:01 Michael talks about how VAs and contractors can be utilized to run a business 45:47 - 46:31 Jaryd cautions people not to get overwhelmed with the amount of information out there on starting a business. He recommends finding a mentor and people that will help you learn the right things and know what to listen to and what to ignore 46:56 - 51:46 Michael and Jaryd talk about some of the places they’ve traveled including Bocas del Toro, India, Egypt, Montenegro, and many others 51:51 - 54:54 Jaryd tells a story of his first time in India when he experienced extreme culture shock at a local tradition surrounding cremating the dead 54:54 - 56:25 Michael tells a story about Thailand where he left money in a cab and was surprised when his driver actually chased him down to return it SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
30 minutes | a year ago
EP12: Website Investing 101 with Stacy Caprio of Her.ceo
Today we're joined by Stacy Caprio, founder of Her CEO (https://her.ceo). In this episode we talk about what she's doing with Her CEO, how she got involved with investing in profitable websites, as well as her background that led her to this point. SKIP TO THE GOOD PARTS: 0:14 - 0:38 Colton introduces Stacy Caprio and Her CEO 0:46 - 1:30 How Stacy got into website investing while reading Niche Pursuits 1:48 - 2:13 Stacy's corporate background 2:25 - 3:08 Why organic traffic is much more important than paid traffic 3:40 - 4:45 The types of websites you should keep an eye for 5:00 - 6:42 Identifying opportunities for increasing site revenue quickly 6:54 - 7:27 Stacy describes some quick wins she’s had investing in the past 7:51 - 8:24 Recommended private ad networks (Monumetric and AdThrive) 8:41 - 9:54 Why you should consider guest posts + Stacey's direct email, hear it here! 10:16 - 11:25 The only conditions you should consider when using paid acquisition and why. 12:05 - 13:30 When is it appropriate to use paid advertising 13:55 - 16:17 Learning from experience: website investing hiccups. 17:09 - 17:54 Protecting yourself from sellers who are falsifying website performance data. 18:33 - 20:18 Advice to people starting out 20:43 - 22:37 Kinds of websites you should stay away 23:17 - 25:32 Hiring a firm that specializes in acquiring and managing sites vs doing it yourself 26:15 - 27:28 Website investing vs traditional investing 27:48 - 29:19 Her.ceo: Building a brand SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
27 minutes | a year ago
EP11: Michael Bereslavsky at Invest Like a Boss Summit, Los Angeles
This episode highlights Domain Magnate's Founder and CEO's portion in Invest Like a Boss Summit in Los Angeles last September 28 2019. He, alongside Stacey Caprio from Her.ceo and host Johnny FD have a discussion with a live audience with focus on the topic "How To Get 100% Returns Through Buying Online Businesses." GUEST BIO: Michael Bereslavsky is the founder and CEO of Domain Magnate. He’s been involved in various internet-based businesses since 2004 and quickly graduated from building, promoting, and monetizing websites to buying and selling them. With over a decade of experience, Michael and Domain Magnate has managed 300+ successful deals. SKIP TO THE GOOD PARTS: 0:14- 0:49 - Brief overview of segment 1:25- 2:04 - Introduction of Speakers 2:05-8:02 - Introduction of Domain Magnate and how it works. A buyer's perspective. 8:03-10:06 - Addition and example on buying a business 10:07-13:55 - Stacey relaying her first experience with buying sites 13:56-16:46 - Reasons for buying and selling a business 16:47-18:43 - Increasing the value of the business you bought. 18:44-20:35 - Increasing profits 20:36-21:35 - Getting started. Know your budget. 21:36-22:19 - Aligning your interest with a purchase. 22:20-23:14 - Know your strategy and management plans. 23:15-23:31 - The work allocation with purchase and increase. 23:32-24:43 - Guiding a buyer to running independent business. 24:44-27:38 - Income flow generation SHOW TRANSCRIPT: [[VIEW ON OUR WEBSITE]] Enjoying our podcast? Support us by leaving us a review on iTunes or on your favorite podcast app.
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