Most of us dream of a life where we have freedom in terms of time and financial resources and can pursue the things that we want.
One way to achieve this is to have a business.
For today’s special episode, I have invited Gerardo, a Buying Online Business graduate who has a background in flipping houses, with the goal to sell his restaurant business to buy a content website so he could have less stress and more income, which he has now achieved.
We had a wonderful discussion about his background and his reasons for buying an online business. What type of business did he buy? How much he bought the site for and how he financed it?
We also talked about the difference between flipping houses and flipping websites. How long it took him to do his first due diligence and buy the business? Moreover, he shared his one piece of advice for first-time buyers who have just started on this journey.
Lastly, we discussed the mindset challenges and the importance of training your mindset.
If you’re still doubtful if having an online business is for you, you should check out this episode to pick up some valuable tips and tricks!
Episode Highlights
03:42 Gerardo's background and goals
17:20 The hardest part of buying a business
23:08 Gerardo’s timeframe from taking the course to buying a business
26:38 Becoming a more educated buyer
33:03 What’s Gerado’s take on flipping websites versus houses?
37:54 Details about Gerardo's online business
45:25 Gerado’s advice for first-time website buyers
Key Takeaways
➥ Gerardo: “Simple means no effort.” It takes a lot of effort when you’re in the process of buying an online business. But the tasks are very simple.
➥ When people have built expertise in what they do, sometimes, learning something new or starting from scratch is challenging.
➥ People have strict time frames when it comes to buying a business. What they don’t realize is that time means nothing, you should measure the inputs that you put in instead of measuring the time.
About The Guest
Gerardo is a Buying Online Business graduate who had the goal to sell his restaurant business and buy a content website so he could have less stress and more income, which he has now achieved.
He has an incredible story from leaving Mexico as a teen to building his way up to bigger investments and a better lifestyle.
Resource Links
➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com
➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/
➥ Sell your business to us here - https://www.buyingonlinebusinesses.co/sellyourbusiness
➥ Get 1-1 voice note coaching with Jaryd - https://app.coachvox.com/profile/jaryd-krause
➥ Flippa (Website Broker) - https://bit.ly/3WYX0Ve
➥ Site Ground (Website Hosting) - https://bit.ly/3JBEC1u
➥ Link Building Packages (that we use) - https://bit.ly/3jSfKbi
See omnystudio.com/listener for privacy information.
