Ep 158: How Much To Spend When Buying Your First Online Business [For Total Beginners]

Are you searching for another stream of income that is scalable and more easy to manage? Then, chances are you have considered buying an online business. The thing is, you don’t know where to start and you’re not aware of the prevailing prices when buying an online business. 

There is danger in creating a decision when you have zero knowledge about it and making assumptions could only set you up to fail.

In this solo episode, Jaryd Krause will walk you through the difference between a business and a startup, how much a business is vs a start up, how much you should spend on a business, what you can do if you don’t have enough to buy a biz yet and buying business with finance.

The foundational knowledge in this podcast can help you plan ahead, make informed decisions and minimize the risks when acquiring a business.

This is an incredible episode every beginner in business should watch. Click the play button now! 

Get this podcast on your preferred platform: RSS | Omny | iTunesYoutube | SpotifyOvercast | Stitcher 

 

Episode Highlights

00:00 What you’ll learn in this episode
01:54 Disclaimer when buying websites
02:45 Differences between a business and startup (and why this is important)
07:03 How much should you spend on an online business?
11:33 Go through your expenses to be able to afford a bigger and better business
12:50 What if you have a bigger budget?
14:45 Leverage and confidence

16:14 Learning how to do due diligence

 

Host-Image_Jaryd-Krause

About The Host

Jaryd Krause is a business coach for online entrepreneurs and for those who want to one. He has guided many people with acquiring their (first) online business and has helped multiple businesses scale from 4 to 5 figures, 5 to 6 figures and even 7 to 8 figures. He also works with content businesses, ecommerce businesses, Saas and membership businesses to create a strategy unique to each business to reach scale whilst working minimal hours. One fulfilling part of his work is to be able to help people achieve their business goals.

 

Resource Links:

➥ Buying Online Businesses Website (https://buyingonlinebusinesses.com

➥ Download the Due Diligence Framework (https://buyingonlinebusinesses.com/fr…)

➥ Visit Niche Website Builders and get EXCLUSIVE OFFERS as a BOB listener (https://www.nichewebsite.builders/bob/)

 

Connect with Jaryd Krause:

➥ Inner Circle Mastermind https://www.buyingonlinebusinesses.co…

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