Financing An Online Business, AI, Search & Business Models with Jaryd Krause
What's holding you back from buying an online business? In this solo episode of the Buying Online Businesses podcast, Jaryd Krause takes on listener questions, diving into key topics that often challenge aspiring online business owners. Recently, Jaryd reached out to his audience, asking, "If you could have a free coaching session with me, what are the top three questions you'd ask?" The response was overwhelming, so he dedicated this episode to answer as many as possible. Listeners can expect valuable insights on essential topics like mindset, AI trends, shifts in search, content site opportunities, and alternative business models. Jaryd also covers important considerations around risks, niche selection, business size, funding methods, and overcoming money blockages. For those looking to take their next steps in online business, this episode offers golden nuggets of advice. Catch this episode and explore more about online businesses! Episode Highlights 03:45 How to sell a low revenue company? 08:50 When do you need a mentor? 15:30 Do you need to focus on profits when buying a business? 22:00 How to scale an online business? 33:00 What online business to buy? Key Takeaways ➥ Jaryd emphasizes the importance of thorough due diligence, recommending his framework to mitigate risks. For smaller deals, investing in a due diligence framework rather than high-cost external advisors may be more economical. ➥ Building a network, joining relevant groups, and engaging in cold outreach can help find deals before they reach larger brokers or platforms, allowing buyers to secure potentially better opportunities. ➥ Scaling an online business to high profitability, such as $250K annually, is possible but typically requires substantial experience, dedication, and a long-term vision. Success in this arena often hinges on persistence, problem-solving, and staying committed rather than rapid gains with minimal experience. Resource Links ➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/ ➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com ➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/ ➥ GoDaddy (Website Hosting & Buying Domains) - https://bit.ly/3YiRkWV ➥ 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/3WYX0Ve ➥ Motion Invest - https://bit.ly/3YmJAmO➥ Investors Club - https://bit.ly/3ZpgioR *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.See omnystudio.com/listener for privacy information.