Buying Online Businesses Podcast Why Size Matters When Buying A Business with Jaryd Krause
What is the difference between owning a 5K site and a 50K site? Does the size really matter when buying a business?
In this solo podcast episode, Jaryd Krause will dive deeper on what it looks like owning a smaller site compared to a big one.
Serial entrepreneur Jaryd Krause helps people in buying online businesses, enabling them to have more time and freedom to do what they love with their loved ones. He has successfully guided people in acquiring and expanding websites reaching up to 8 figure valuations, ranging from eCommerce to content websites.
He talked about numerous things such as: Examples of what it looks like buying sites. The mindset needed to buy businesses and what you should expect when buying small deals versus larger deals? What to do if you start again? And how to set yourself up for success?
He also shared why you can’t compare your experience buying a smaller business with buying a larger business? What are the examples of a $5k site to a $50K site? How about $20K site to $200K site examples?
Are you still undecided if you want to pursue buying a business? Check out this episode and discover valuable insights that can help you make an informed investment decision!
Episode Highlights
- Mindset that you should have when buying a site
- Buying small businesses vs. larger businesses
- Examples of a $5k website to a $50K website
- Examples of a $20K website to $200K website
Key Takeaways
➥ There’s nothing wrong with acquiring a smaller website (smaller deals). However, he is quite disappointed when people have very high expectations and unrealistic goals. That is why Jaryd highlights the value of knowing what size of deal you should go for.
➥ When buying a smaller website, the focus is often on starting small and gradually building up. Smaller websites are typically less expensive, have lower traffic and revenue, and may require less initial investment. These acquisitions are often seen as stepping stones or opportunities for individuals to gain experience in website ownership and management. You have to be realistic though in setting your goals and know that it has greater risks.
➥ Buying a larger website offers advantages like having a customer base, higher income potential, credibility, and less risks.
About The Host
Jaryd Krause is a serial entrepreneur who helps people buy online businesses so they can spend more time doing what they love with who they love.
He’s helped people buy and scale sites all the way up to 8 figures, from eCommerce to content websites.
He spends his time surfing and traveling, and his biggest goals revolve around making a real, tangible impact on people's lives.
Resource Links
➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com
➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/
➥ Get 1-1 voice note coaching with Jaryd - https://app.coachvox.com/profile/jaryd-krause
➥ Investor Club (Website Broker) - https://bit.ly/3ZpgioR
➥ Motion Invest (Website Broker) - https://bit.ly/3YmJAmO
➥ Credit Suite (Finance Broker - getting finance for websites) - https://bit.ly/3YiEDLZ
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