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5 Facts You Need to Know About Buying an Online Business
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David will cover the 5 main reasons why you should buy an online business, including a few reasons we never thought about before.

In this episode:

Get a behind the scenes look at what it takes to broker over $6M in deals in a year

What sale price ranges have the most buyer demand right now
How not to get ripped off!

The biggest mistakes most first-time buyers make and how to avoid them

5 Facts You Need to Know About Buying an Online Business

Bio
David Newell is a Brokerage Director at FE International. Starting out as an investment banker, he moved online to use his transaction experience for website brokerage. At FE International, he spends his time speaking with buyers, executing deals and working on raising industry standards to encourage more investments. In 2014, David closed more than $6M in sales and authored the industry’s leading book on buying internet businesses for investors.

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Most business owners start their company because they wanted more freedom—to work on their own schedules, make the kind of money they deserve, and eventually retire on the fruits of their labor.

Unfortunately, most owners find that stepping out of the picture is extremely difficult because their business relies too heavily on their personal involvement. Without them, their company—no matter how big or profitable—is essentially worthless.

But the good news is that you as an entrepreneur can take specific steps—no matter what stage your business is in--to create a valuable, scalable - Turbocharged Business...

4 Stages Of Business Growth

Stage 1: Infancy

At this stage your business is making $0 to $1 million dollars. The Goal here is to figure out what you're doing and start making profitable sales.

Stage 2: Childhood

You’re now doing $1 million to $10 million. You build more products and services to expand your client base. Speed is against you to grow!

Stage 3: Adolescence

The business is generating $10 to $50 million in revenue. Managing the business and putting systems in place is critical.

Stage 4: Adulthood

Revenue is up to $100 million at this point. You need to focus on company culture and inspire your employees. And Identify system inefficiencies

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