Let’s Buy a Business
Current Online Business Conditions with Jaryd Krause
May 31, 2023
Jaryd Krause, a fixture in the online business community and host of Buying Online Business Podcast, discusses the current state of online businesses, importance of having a vision, grinding on the side, and his journey from being a plumber to starting an online business. They also touch on topics such as the handoff process when selling a content site, the state of online business acquisitions, different types of online businesses, unconventional money-making methods, and the importance of scaling a business.
29:29
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Quick takeaways
- Choosing the right business model based on expertise and goals is crucial in online business acquisitions.
- Recognizing untapped opportunities and leveraging personal strengths can lead to innovative and profitable ventures in the online business world.
Deep dives
Business Acquisition and Online Ventures
This podcast episode delves into the realm of business acquisitions and online ventures. The host, Brian Condy, shares his own experiences in buying and selling businesses and provides valuable insights. He introduces a guest, Jared Jaracrouse, who is an expert in buying online businesses. They discuss the current state of online businesses, including e-commerce and content sites. The impact of COVID-19 and the subsequent increase in interest rates on businesses is explored. They touch on the buying trends and multiples in the market, highlighting a recent deal in the content business niche. The episode also emphasizes the importance of having a clear vision and dedication to overcome the initial challenges in entrepreneurship.
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