Don’t Start a Business, Buy a Business (FREE COURSE) | MONEY TALKS with Jesse #26

James Camp, owner of the popular newsletter Nano Flips, joins MONEY TALKS with Jesse to give a step-by-step guide on how to buy, improve, and sell online businesses. James reveals the best online resources & tools needed to acquire businesses with a low budget, and exact numbers of how much money you can make doing it.

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[00:03:10] Buying a business versus starting a business

[00:06:30] The biggest misconception of buying a business

[00:11:10] There’s a level of business for everyone.

[00:14:26] Entrepreneurship is not passive income

[00:17:09] Types of businesses to acquire with a low budget

[00:22:00] Use this framework when buying a business

[00:25:12] Mindset and entrepreneurship.

[00:27:00] The trough of despair.

[00:28:15] Where to buy online businesses.

[00:31:00] Questions to ask yourself before buying a business.

[00:36:15] Bolt-on acquisitions.

[00:39:07] Finding your point of leverage.

[00:41:20] Newsletters and monetization strategies

[00:45:18] Newsletter due diligence.

[00:51:18] Questions to ask an online business owner

[00:55:05] Newsletters and niche audiences.

[00:59:09] Buying distressed properties.

[01:01:28] Focus on core business strengths.

[01:04:55] Thinking in terms of enterprise value.

Check out the websites mentioned in this episode below:

flippa.com

acquire.com

motioninvest.com

withkumo.com

microns.io

duuce.com

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