Keeping Your Day Job While Buying an Online Business + Exit - Jennifer Anderson Interview
Oct 12, 2021
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Jennifer Anderson, a listener of the podcast, shares her experience of buying and selling online businesses while maintaining her day job. She talks about finding and buying an online business in the crafting niche, the importance of networking and learning from others, and provides resources for finding and acquiring companies.
Jennifer emphasizes the appeal of starting or acquiring existing businesses to have more control, decision-making power, and better ROI.
Jennifer recommends utilizing brokerage sites and building relationships with local brokers to find potential acquisitions.
Deep dives
Jennifer Anderson's journey of buying and selling businesses
Jennifer Anderson shares her experience of buying and selling businesses while working in the financial services industry and startup world. She emphasizes the appeal of starting or acquiring existing businesses to have more control, decision-making power, and better ROI. Jennifer bought her first business, an online crafting niche business, through the platform Flippa. Despite some initial doubts and information overload, she successfully grew the business using her knowledge of social media channels and target market. Jennifer also highlights the importance of networking with brokers, separating finances between businesses, and stress testing financial statements when selling a business.
Jennifer's focus on affiliate sites for future investments
Jennifer discusses her preference for investing in affiliate sites as an emerging asset class. She believes it offers a great ROI and requires less time and effort to manage compared to other business models. Jennifer emphasizes the importance of having a solid understanding of SEO and content outsourcing for successful affiliate site investments. Despite starting with small businesses, she recognizes the benefits of beginning with larger deals to provide more breathing room and resources for growth and hiring. Jennifer also recommends utilizing brokerage sites and building relationships with local brokers to find potential acquisitions.
Top resources for buying and selling businesses
Jennifer shares her top resources for finding and acquiring businesses. She suggests using brokerage sites like Quiet Light, Empire Flippers, and BizBuySell for online businesses. Jennifer advises getting on their email lists to receive regular updates. She also recommends exploring platforms like Flippa for learning and refining acquisition strategies. Jennifer highlights two podcasts, the Web Equity Show with Justin Cook and Ace Chapman, and the Website Investing Podcast with Richard Patey, as great sources of knowledge and insights on the topic. She emphasizes the importance of third-party assessments and experts when evaluating potential acquisitions.
Jennifer Anderson is a listener of the podcast. She's super cool and has a traditional career but on the side has bought, built, and now SOLD an online business. Jennifer packs in the value and gold nuggets in this short episode.