Today’s very special guest is the Flippa CEO, Mr. Blake Hutchison, who runs the biggest online marketplace for buying and selling website businesses.
In this episode, we are going to talk about: the ins and out on where should a beginner website Investors Start, how to do great due diligence, determining the returns from buying websites, and where his whole industry of buying online businesses is headed.
0:01 – Intro
0:41 – Introduction to Mr. Blake Hutchison, CEO of Flippa
2:38 – Joining Xero and running a business called Luxury Escapes
4:03 – Great Advice for people who have come across Flippa or the whole buying websites field and want to get started buying websites.
7:04 – Research. Engage with, and understand the seller. Invest time and effort.
11:09 – The biggest things people fail to check when doing Due Diligence
14:24 – The biggest patent on why somebody would sell a business
23:30 – Ways to look at businesses where you can accelerate your return on investment faster
28:55 – Whole methodology on buying businesses and some of the best ways to start verifying financials for a website
33:03 – Some good questions to ask sellers
40:22 – What’s Flippa’s biggest focus and direction to help sellers come and sell businesses, and buyers buy good investments?
40:37 – Closing Remarks and How to Contact Blake
Blake Hutchison is the CEO at Flippa. Flippa is the largest online marketplace for buying and selling website businesses. Prior to Flippa, Blake worked with an accounting software company called Xero who have over 1.5 million users. Blake also built Luxury Escapes working directly for the founders. Blake was pivotal in building Luxury Escapes into the business it is today — a $300 million luxury travel retailer.