Buying Online Businesses Podcast [Case Study] Buying A $5K P/mth Ecommerce Business In 5 months with Jpaul
In this episode of the Buying Online Businesses podcast, Jaryd Krause speaks with Jpaul, a graduate of the Buying Online Businesses community who recently purchased his very first ecommerce business. JPaul will take you through the entire journey, from deciding to invest in an online business to finally acquiring one worth $5,000 per month in just five months.
JPaul candidly shares the ups and downs of his experience, offering valuable insights into the challenges and triumphs that come with buying an online business for the first time. He discusses why he chose this path, how long the process took, and how many businesses he evaluated before making the final decision. He also opens up about the influence of external opinions, how they affected his journey, and how he ultimately stayed focused on his goal.
In this engaging conversation, JPaul and Jaryd discuss:
- Why JPaul wanted to buy an online business and what motivated him to take the plunge
- The detailed due diligence process and why some businesses didn’t make the cut
- How external doubts and misconceptions impacted his mindset along the way
- A business opportunity he passed on due to a sudden Google algorithm change
- The financial details: purchase price, monthly revenue, and future growth potential
- Personal growth and the mindset shifts JPaul had to make to succeed in his journey
If you’re curious about what it takes to buy your first online business and want to hear an honest account of the process, this episode is a must-listen. JPaul’s story is not just about acquiring a business; it’s about resilience, learning from setbacks, and pushing through challenges to achieve success.
Tune in to learn from JPaul’s experience and get practical advice on how to navigate your path to buying a profitable online business!
Episode Highlights
10:28 Challenges in buying content sites due to algorithm changes
14:15 The importance of consistent effort in finding the right business
20:26 The mindset shift from being a wantrepreneur to a business owner
24:47 The value of due diligence and mentorship
28:08 Lessons learned from buying multiple businesses
30:26 Building a portfolio vs. focusing on one business
36:01 The benefit of acquiring an established business vs. starting from scratch
Key Takeaways
➥ Identifying a profitable ecommerce business requires evaluating key factors like the business model, customer base, and growth potential.
➥ Leveraging existing resources and applying personal expertise helps accelerate growth after an acquisition.
➥ Building strong relationships with sellers can offer valuable insights and ease the acquisition process.
➥ Scaling a business post-acquisition involves optimizing customer service, marketing, and diversifying revenue streams.
➥ Mentorship and expert guidance help avoid costly mistakes and inform strategic decisions.
About The JPaul
Jpaul is a BuyingOnlineBusinesses.com graduate who bought his first online business. Being an entrepreneur he’s been in multiple different businesses including hospitality and he wanted to get into the online space and bought an ecommerce business, which we’ve already successfully started scaling.
Resource Links
➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com
➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/
➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/
➥ Google Ads Service - https://buyingonlinebusinesses.com/ads-services/
➥ Connect with Jaryd here - https://www.linkedin.com/in/jarydkrause
➥ Hostinger (Website Hosting) - https://bit.ly/3HUqW0s
➥ SEM Rush (SEO tool) - https://bit.ly/3lINGaV
➥ Convert Kit (Email Software Provider) - https://bit.ly/3o10Xgx
🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥
➥ Empire Flippers - https://bit.ly/3RtyMkE
➥ Flippa - https://bit.ly/3wGa8r5
➥ Motion Invest - https://bit.ly/3YmJAmO
➥ Investors Club - https://bit.ly/3ZpgioR
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