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WES S05E12: Success

May 29, 2020 by Justin Cooke Leave a Comment

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In the final episode for this season, Ace and I cover some of the traits that successful buyers have in common and some of the strategies to employ for a greater chance of success.

If you want to hear our thoughts on Joe Rogan selling the rights of his show to Spotify, why we think “Karens” refuse to wear masks, and what “re-opening” will look like across the world, stick with us.

Listen in as we talk about the differences between big and small buyers, like what their end goals are, and which niches and monetization models help them achieve those goals.

Digging the show? Please do stop by iTunes and give us a review when you get a chance – we’d really appreciate it!

Alright, let’s dig in…

Listen To The Full Interview:

https://traffic.libsyn.com/secure/webequityshow/WEBEQUITY058.mp3

Direct Download – Right Click, Save As

What You’ll Learn From This Episode:

  • What are the traits of successful industry buyers (large and small)?
  • What are some typical end-game goals of successful buyers/sellers in the industry?
  • What niches, monetization types, or strategies will give the best chance for success?
  • With the growth/success of the industry, what regulations do you see down the road?

Featured On The Show:

  • Dynamite Circle
  • Gimlet Reply All Podcast
  • Long Tail Pro
  • Johnny FD
  • Anton Kraly @ Dropship Lifestyle

 

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https://traffic.libsyn.com/secure/webequityshow/WEBEQUITY058.mp3

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Tagged With: Brokers, Buy and Sell Website, Dropshipping, eCommerce, Entrepreneur, Online Business, Profit, season 5, Success, Web Portfolio

WES S05E07: Questions

April 24, 2020 by Justin Cooke Leave a Comment

Subscribe to our VIP LISTIn this episode, Ace and I discuss current events and how some of the largest organizations in the world are responding to the pandemic, and how it affects our industry of buying and selling online businesses.

If you want to keep your finger on the market pulse, check out this week’s episode as we cover oil prices nosediving and whether Bitcoin is a secure investment in these times.

Listen in as we explore what you should know if you are new to the industry and want to buy an online business in the near future, as well as which online business models are smart investments right now, and where we see the most potential in the industry in the coming years.

Digging the show? Please do stop by iTunes and give us a review when you get a chance – we’d really appreciate it!

Alright, let’s dig in…

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/WEBEQUITY053.mp3

Direct Download – Right Click, Save As

What You’ll Learn From This Episode:

  • If I’m just starting out, is it better to start a business from scratch or buy an already existing, profitable business?
  • How do you see the industry changing with the virus and economic downturn?
  • I have funds to invest, but don’t have the time to operate an online business. What are my options?
  • Aside from increasing profits, what else can I do to assure the maximum value of my business in a sale?
  • What areas of the industry do you see as the most exciting or providing the most opportunity in the coming 3-5 years?

Featured On The Show:

  • Thrash’s.io
  • Return on Conversion
  • Tropical MBA Interview with Mario Lucibello CPA
  • Authority Hacker
  • Drop Ship Lifestyle
  • Grant Cardone of Cardone Capital

 

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http://traffic.libsyn.com/webequityshow/WEBEQUITY053.mp3

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Tagged With: Business, Buy and Sell Website, Dropshipping, investors, Online Business, Profit, season 5, Web Equity

S02E02: Analyzing Websites For Beginner Buyers

March 22, 2016 by Justin Cooke Leave a Comment

Subscribe to our VIP LISTNow that we’ve covered some of the basic business models in Season 2, Episode 1, it’s time to start looking at some of the terms and ways to quickly scan/analyze potential website purchases.

We take a look at terms like ROI, EBITDA, and how they apply to online businesses.

We also look at some of the metrics that, at a glance, might help you quickly disqualify a potential purchase. (Or know that you need to dig a bit deeper)

 

If you’re liking this show and want to give us some love, make sure to stop by iTunes and leave us a review! That’s the best way to support the show and helps us spread the word.

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/Ep_18__Analyzing_Websites_For_Beginner_Buyers.mp3

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What You’ll Learn From This Episode:

  • The Metrics
  1. Multiple
  2. ROI – Return of Investment
  • The 2 Biggest Disqualifiers
  1. History
  2. The Growth Plan

Featured On The Show:

  • Empire Flippers
  • Ace Chapman

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Tagged With: adwords, Brokers, Cashflow, due diligence, Google Analytics, net income, Online Business, Profit, Season 2, Selling, Web Equity

Ep #10: Hiring, Training, And Scaling Your Team

September 15, 2015 by Justin Cooke 1 Comment

Subscribe to our VIP LISTIt’s hard to build a real, valuable asset if you’re a one-man-band.

Part of the problem is having to trade time for money, but you’re also left with the “hit by a bus” problem. What happens to that business should you be hit by a bus? (Or otherwise incapacitated in some way)

Sure, running a multi-million dollar company without the hassle of dealing with staff/employees sounds nice, but is it realistic? How many companies do you know that are in a position you’d like to be and don’t have anyone working for them? Not many, I’m guessing…

In this episode, Ace and I share our experiences in hiring, training, and scaling employees and teams. Whether you think you need to make your first hire or are looking at creative ways to scale your team, this is a great podcast episode for you.

Are you getting value out of the Web Equity Show? Please show us some love and leave us a review on iTunes. You’ll help us spread the message and we’ll give you a shout on an upcoming episode!

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/WEBEQUITY010.mp3

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What You’ll Learn From This Episode:

  • When Should You Hire?
  • How Do You Determine Who To Hire?
  • Where To Find Employees
  • Managing Your Team
  • Local Vs. Virtual
  • Avoiding Typical Mistakes

 Featured On The Show:

  • Marcus Lemonis
  • Tropical MBA
  • Sean Ogle
  • Virtual Staff Finder
  • Chris Ducker
  • Mads Singers
  • Empire Flippers Podcast on Skill Transfer Mastery

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Tagged With: Employee, Hiring, Managing Team, Online Business, Profit, Season 1, Skills, Virtual Assistant

Ep #3: Where to Find High-Quality Deals

July 28, 2015 by Justin Cooke Leave a Comment

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For anyone in the industry of buying and selling websites and online businesses, sourcing deals is absolutely the number one priority. Getting access to those hard-to-find deals can give a buyer a huge competitive advantage over everyone else. But how can we find and secure those rare bargains before someone else does?

In this episode of Web Equity Show, Justin and Ace discuss where to find high-quality deals. They cover some of the advantages and disadvantages of different places where folks can go to search for those great deals.  From buying direct competitors’ businesses and sites in parallel industries to the breakdown of top website brokerages, you will learn everything you need to know about finding the right deal for you. Don’t miss this episode!

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/WEBEQUITY003.mp3

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What You’ll Learn From This Episode:

  • Justin and Ace’s advice for those who want to become online business brokers.
  • Why sourcing deals is the critical component of buying and selling online businesses.
  • Tips for strategic buys for your portfolio.
  • The pros and cons of buying direct competitors’ sites.
  • Why you should consider buying an online business in a parallel industry.
  • Why Ace got kicked out of a potential seller’s house during a dinner.
  • How to find the right broker for you.
  • How not to fall for “polished turd deals.”
  • The breakdown of the top website brokerages and their pros and cons.

Featured On The Show:

  • Flippa – Website marketplace
  • Flippa Deal Flow – Flippa’s premium brokerage service
  • Empire Flippers
  • Quiet Light – High-end website broker
  • FE International – Professional website broker
  • Digital Exits – Website Brokerage
  • BizBuySell – Business and website brokerage
  • Biz Quest – Business brokerage

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Tagged With: Acquisition, Business, Buy, Buying, Capital, Cashflow, Entrepreneur, Leverage, Maximize, Online Business, Profit, Season 1, Sell, Selling, Startup, Success, Web Equity, Web Portfolio, Websites

Ep #2: Preparing Your Website for Sale

July 28, 2015 by Justin Cooke Leave a Comment

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Selling your website or online business can be quite an emotional decision. Those emotions often drive our decisions and even cause us to make mistakes if we’re not properly prepared.

One of the questions we often get is “Why would anyone ever sell a profitable business?” This question often comes with a bit of disbelief of why anyone would actually sell a site that’s making money. Whether it is the burden of regular maintenance or the need for extra cash for an important investment or an emergency, we all have our reasons.

On this episode, Justin and Ace chat about the reasons why people buy and sell businesses and share some proven strategies to help online business owners prepare their website for a sale. The tips laid out in this episode will help sellers attract the right buyers and opportunities and get a premium for your site. Don’t miss this episode jam-packed with golden nuggets of information for anyone looking to sell their online business.

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/WEBEQUITY002.mp3

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What You’ll Learn From This Episode:

  • The importance of communicating why you’re selling your online business.
  • How much time you need to prepare your site for a sale.
  • The ways that you should be separating yourself from the business you’re planning to sell.
  • The records and documentation you need to keep.
  • Why we think you should always use Google Analytics.
  • How to determine the value of your site and price it accordingly.
  • Ace’s best growth hack.
  • Why you can’t neglect a business during the selling process no matter how tough it may be.
  • The best and worst times to sell your business.
  • And much, much more!

Featured On The Show:

  • Google Analytics
  • Clicky – Web Analytics in Real Time
  • BizBuySell – The Internet’s Largest Business for Sale Marketplace
  • HiveDesk – Simple and straightforward project management
  • Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow and Bo Burlingham
  • Uber
  • Airbnb
  • Twitter

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Tagged With: Acquisition, Business, Buy, Buying, Capital, Cashflow, Entrepreneur, Leverage, Maximize, Online Business, Profit, Season 1, Sell, Selling, Startup, Success, Web Equity, Web Portfolio, Websites

Ep #1: Justin Has an Ace Up His Sleeve

July 28, 2015 by Justin Cooke 2 Comments

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Welcome to the inaugural episode of Web Equity Show, the podcast dedicated to providing successful entrepreneurs with information and resources to help leverage their capital, buy the right business and maximize sales in their web portfolio. We’re really excited to publish the show live for all of the listeners out there! Without further ado, here’s the first episode…

On this episode, your hosts Justin Cooke, co-founder of Empire Flippers, and Ace Chapman, an exceptional business acquisition specialist, talk about the motivation behind starting the Web Equity Show and what you can expect to get out of it. Listen in to find out how by merging online and offline experience, Ace and Justin can help you make awesome entrepreneurial decisions, achieve next-level results, and help you come out a winner!

Listen To The Full Interview:

http://traffic.libsyn.com/webequityshow/WEBEQUITY001.mp3

Podcast: Play in new window | Download

What You’ll Learn From This Episode:

  • What Web Equity Show is all about.
  • A sneak peek at the topics coming up on the show.
  • Justin’s and Ace’s backgrounds and goals with Web Equity Show.
  • Ace’s story of buying his first profitable online business at 19 years old.
  • Justin’s journey to becoming the Empire Flipper.
  • What you can expect to get out of this show.
  • Some killer tools you can start using today.

Featured On The Show:

  • The 4-Hour Workweek by Timothy Ferriss
  • Rich Dad Poor Dad by Robert T. Kiyosaki
  • EmpireFlippers.com
  • Get your free Website Buyer’s Checklist and the Seller’s Timeline 

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Tagged With: Acquisition, Business, Buy, Buying, Capital, Cashflow, Entrepreneur, Leverage, Maximize, Online Business, Profit, Season 1, Sell, Selling, Startup, Success, Web Equity, Web Portfolio, Websites

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