How To Sell Your Business For The Highest Multiple with Ron Stefanski
Selling your business can be challenging but rewarding. So how do you sell it for the highest multiple? Today Ron Stefanski will be joining us to share his insights about selling an online business. He is an internet entrepreneur and marketing professor who has a passion for helping people create and market their own online businesses. You can learn more about Ron by visiting onehourprofessor.com. Jaryd and Ron have discussed building a portfolio and AI content. They also talked about when to sell your website, selling sites (what to do to get set up for a great sale), financials, add backs and content expenses and listing fees. Lastly, Ron gave advice for staying in the game of business and not burning out. If you want to sell your online business, check out this episode to find out! Episode Highlights 05:30 Should you worry about AI? 13:00 Why do you need to be cautious when owning multiple sites? 20:30 What are the content website expenses? 34:30 How to be a successful business owner? 41:30 What's next for Ron? Key Takeaways ➥ Jaryd Krause and Ron Stefanski discuss the growing importance of authority in 2024, emphasizing the significance of quality content and strategic site structure. They touch on AI content creation, acknowledging its potential but cautioning that it requires careful prompting and extensive editing to ensure quality. ➥ Ron shares his perspective on content expenses, considering them as past investments when selling a site. He suggests transparency in communicating with buyers about the site's history and the flexibility they have in making decisions regarding content expenses. ➥ Ron stresses the importance of avoiding selling on a downward trend, emphasizing the need for solid financials and trimming unnecessary expenses. He suggests that reducing costs can lead to a significant return when selling a site About The Guest Ron Stefanski is an internet entrepreneur and marketing professor who has a passion for helping people create and market their own online businesses. You can learn more about Ron by visiting OneHourProfessor.com. Connect with Ron Stefanski ➥ https://onehourprofessor.com/ 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/ ➥ Optimize Press (WP Funnel for building landing pages & funnels) - https://bit.ly/3py1ln2 ➥ Surfer SEO (SEO tool for content writing) - https://bit.ly/3X0jZiD ➥ Market Muse (Content Marketing Software) - https://bit.ly/3M 🔥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.