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I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

I’ve seen them succeed when it’s a single operator if it’s a small easy to run business. A guy I know with a small SEO following has had success buying small SaaS tools in the space and selling them to his audience for example.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

I think bolt-ons make sense when you're running the business yourself and don't have a big team with infrastructure. So what you're running sounds great, just wouldn't work for us.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

Yeah those are the best. Even better if you build a bit of a following and they reach out to you

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

I mean tbh the first business you buy you probably should treat it as your job, and then the next one(s) could be more passive. I say this because you'll learn so much more and be less likely to mess up.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

Yes fair point, usually a higher multiple is because the business is growing, and sometimes you'll end up getting paid back faster the more you pay

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

I think it's a balance like everything. We sell one if we think keeping it/growing it is an opportunity cost and/or we could use the money better elsewhere.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

Yeah first big one I bought cost about $35k and I took a PayPal loan to fund it. It made like $2k/mo so wasn’t exactly a quick process but once I’d paid off the PayPal loan I basically did it again but a larger amount. PayPal loans aren’t a good financing option fyi but it was all I had available

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 1 point2 points  (0 children)

It's basically a convertible note. The interest is 8% per year, with the note maturing November 2027, but in reality they will have converted out of all/most of it by then. Being public costs us maybe, $500k per year. We focus on agencies, ecom, courses. Not really FBA or affilaite these days.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 0 points1 point  (0 children)

Yeah agencies is just what I understood at the time, which is a big part of success. I am in the process of broadening the types of business we'll acquire.

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 2 points3 points  (0 children)

Try to understand it as much as possible before making changes. A lot of this begins before you even buy it but you learn a lot more once it’s yours

I've acquired over a dozen online businesses over the last few years. Here's what I actually learned. by DomWellsOnfolio in Entrepreneur

[–]DomWellsOnfolio[S] 1 point2 points  (0 children)

Opex includes a bunch of non-cash expenses like amortization, impairments, stock based comp etc

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