Are online businesses getting cheaper these days? Let’s all find out in this episode!

Greg Elfrink, the Director of marketing at Empire Flippers joins me today and he will share his insights on buying an online business. 

We dive into what most beginners do wrong when buying a business and how to become an attractive buyer? What happened with the FBA aggregators and why did they lose so much money?

Also, explore the different types of online businesses Empire Flippers sell. How sellers aren’t getting the prices they used to and why we have been coming into a buyers market

multiples of businesses for the rest of the market?

We also discussed another yet intriguing topic: Did AI just kill the affiliate marketing businesses?

And how buying and selling online businesses could evolve in the future?

If you plan on buying an online business, this episode could be a big help for you on creating a better business decision. Tune in now!






Episode Highlights


3:55 Where do beginners go wrong in buying a business?

13:20 Learning from other people

21:14 Getting lured into eCom businesses

25:15 Type of businesses being sold by Empire Flippers

33:05 Unique types of online businesses you can buy

40:41 Did AI kill affiliate marketing?

55:55 Trends and multiples of businesses sold by Empire Flippers

59:27 How to recognise good deals

1:03:24 The evolution of Buying and Selling Businesses





Key Takeaways



➥ When buying an online business, Greg gives emphasis on the importance of asking the right questions and knowing what questions to ask to sellers. 



➥ Greg believes that direct-to-consumer (DTC) e-commerce stores have greater growth potential than affiliate sites. However, for new buyers who are just starting out in the online business space, Greg suggests that affiliate sites may be a better option. This is because affiliate sites are easy to understand and has simple business model.



➥ According to Greg, this year is the great opportunity for those interested in buying online businesses. The level of competition is low, and sellers are more amenable to accepting offers below their asking price, meaning that buyers may be able to secure favorable deals.





About The Guest

Director of marketing at Empire Flippers 



Connect with Greg Elfrink


➥ Empire Flippers - https://bit.ly/3Vg0qU8



➥ https://buyingonlinebusinesses.com/ep-019-value-business-buy-according-50m-data/








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


➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG



➥ Credit Suite (Finance Broker, getting finance for websites) - https://bit.ly/3YiEDLZ





*This post may contain affiliate links, so we may earn a small commission when you make a purchase through links on our site/posts at no additional cost to you.

Are online businesses getting cheaper these days? Let’s all find out in this episode!
Greg Elfrink, the Director of marketing at Empire Flippers joins me today and he will share his insights on buying an online business. 
We dive into what most beginners do wrong when buying a business and how to become an attractive buyer? What happened with the FBA aggregators and why did they lose so much money?
Also, explore the different types of online businesses Empire Flippers sell. How sellers aren’t getting the prices they used to and why we have been coming into a buyers market
multiples of businesses for the rest of the market?
We also discussed another yet intriguing topic: Did AI just kill the affiliate marketing businesses?
And how buying and selling online businesses could evolve in the future?
If you plan on buying an online business, this episode could be a big help for you on creating a better business decision. Tune in now!
 
Episode Highlights
 3:55 Where do beginners go wrong in buying a business?
13:20 Learning from other people
21:14 Getting lured into eCom businesses
25:15 Type of businesses being sold by Empire Flippers
33:05 Unique types of online businesses you can buy
40:41 Did AI kill affiliate marketing?
55:55 Trends and multiples of businesses sold by Empire Flippers
59:27 How to recognise good deals
1:03:24 The evolution of Buying and Selling Businesses 
Key Takeaways
 
➥ When buying an online business, Greg gives emphasis on the importance of asking the right questions and knowing what questions to ask to sellers. 
 
➥ Greg believes that direct-to-consumer (DTC) e-commerce stores have greater growth potential than affiliate sites. However, for new buyers who are just starting out in the online business space, Greg suggests that affiliate sites may be a better option. This is because affiliate sites are easy to understand and has simple business model.
 
➥ According to Greg, this year is the great opportunity for those interested in buying online businesses. The level of competition is low, and sellers are more amenable to accepting offers below their asking price, meaning that buyers may be able to secure favorable deals.
 
About The Guest
Director of marketing at Empire Flippers 
 
Connect with Greg Elfrink
  ➥ Empire Flippers - <a href="https://bit.ly/3Vg0qU8">https://bit.ly/3Vg0qU8</a>
 
➥ <a href="https://buyingonlinebusinesses.com/ep-019-value-business-buy-according-50m-data/">https://buyingonlinebusinesses.com/ep-019-value-business-buy-according-50m-data/</a> 
 
Resource Links
 
➥ Buying Online Businesses Website - <a href="https://buyingonlinebusinesses.com">https://buyingonlinebusinesses.com</a>
 
➥ Download the Due Diligence Framework - <a href="https://buyingonlinebusinesses.com/freeresources/">https://buyingonlinebusinesses.com/freeresources/</a>
 
➥ Sell your business to us here - <a href="https://www.buyingonlinebusinesses.co/sellyourbusiness">https://www.buyingonlinebusinesses.co/sellyourbusiness</a>
 ➥ Cloud Ways (Website Hosting) - <a href="https://bit.ly/40tjyjG">https://bit.ly/40tjyjG</a>
 
➥ Credit Suite (Finance Broker, getting finance for websites) - <a href="https://bit.ly/3YiEDLZ">https://bit.ly/3YiEDLZ</a>
 
 
*This post may contain affiliate links, so we may earn a small commission when you make a purchase through links on our site/posts at no additional cost to you.

Hosted by Jaryd Krause who went from plumber to creating an online business empire through buying websites for passive income. 

This podcast will unfold his secrets as you explore the highs, lows and light bulb moments of his personal journey in each episode. He will show you that no matter where you are in life an alternate lifestyle is more than possible. You will gain the knowledge you need to start buying online businesses yourself and live a fulfilling lifestyle.

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