When you buy a business, you usually have to be hands-on. You have to run the business and make sure that you’re heading in the right direction. Well, in today’s episode, we’ll be talking about something different.
Today, I’ll be speaking with Matt Tran of Engineered Truth, a content creator who has an incredible following of 397,000 subscribers on YouTube. You see, Matt bought a business but he isn’t running it. The question is, how does he do it? How do you buy an online business and have someone else run it?
In addition to that, here are some of the topics we’ll be discussing:
- What online business did Matt purchase?
- Why did Matt decide to buy a business instead of building one from scratch?
- How Matt grew his YouTube channel from hundreds to thousands of subscribers.
- The importance of having an excellent team of Virtual Assistants.
All that and more in this episode, so be sure to tune in with us.
0:00 – Introduction and Episode Overview
2:08 – The reason why Matt decided to buy a business instead of building one from scratch
4:54 – How Matt came across the online business he purchased
8:23 – How Matt ensures that his products get listed higher on Amazon
12:49 – Things you need to look out for when you’re new to Amazon FBA (Descriptions, Images, etc.)
15:52 – Jaryd gives a few tips on other ways of structuring deals in buying your first online business
17:36 – Matt shares how he started his YouTube channel — What helped him grow his channel?
24:35 – Tips and techniques on how to gain traction on YouTube
26:04 – How do you get your click-through rate (CTR) up?
28:40 – What businesses did Matt start but failed? Why did they fail?
31:26 – Jaryd gives advice for those who would like to invest their money in a business
32:58 – Have a team — “If you don’t have a team; you won’t have time.”
33:28 – What Matt’s team does for his YouTube channel — The importance of Matt’s team
36:56 – The mutual benefits gained from hiring a Virtual Assistant from a developing country
42:15 – Where to find Matt
43:34 – Wrap up and closing remarks
Matt Tran is the CEO of Engineered Truth, a YouTube channel that has a following of 397,000 subscribers. Being the current owner of multiple sites, Matt was also able to get a great deal by purchasing a thriving online business. If you want to get to know more about him, you can visit his website by clicking here. For a more premium experience, you can go to his premium website — Engineered Truth Premium.
If you need help in starting to buy your own online business, whether you’d like to evaluate if a website is good or not, or do your due diligence, you can get Jaryd’s free resources by clicking here.
Also, go and check out our Buying Online Businesses community.