Ep 161: [Case Study] Building An Online Business Portfolio To Replace Your Income with Angelica

One goal that most of us want to achieve is financial freedom. And we can only do so by having multiple streams of income through having a business. 

But in the back of people’s minds, they have many reasons why they opt not to start a business. Those exact reasons hinders them from achieving “success”.

I had a wonderful chance to speak to Angelica who is a Buying Online Businesses member who started an online business and had some success. She decided to turn to buying established online businesses to build a portfolio and replace her income. Angelica has gone from juggling multiple balls in business to buying more passive sites that can make just as much money but without additional work and stress. 

We talked about why she turned to the internet to make an online income, her advice around buying courses and educational programs, why she decided to close down her Amazon business and start buying businesses instead, why she bought a content website over all the other business models and what type of content website the site was.

She also shared her growth plans for the site and her advice for first time buyers who want to buy an online business too.

If you still have doubts in buying an online business, you should check out this podcast to help you decide!

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Episode Highlights

00:00 What you’ll learn in this episode
02:16 Niche website builder
03:03 Let’s talk about Angelica
05:35 What drew you into online business?
06:52 When did you start?
08:08 Experience with Amazon
10:30 Why did you buy an online business?
13:08 Would you recommend an educational course?
14:30 What type of business did you buy?
15:47 Revenue split and cost of the business
17:27 Due diligence
19:39 The hardest part of buying an online business
21:54 Angelica advice
24:50 Niche selection
26:41 Growth plans
28:49 What are your goals?
30:27 Thank you for listening

 

About The Guest

Angelica is a Buying Online Businesses member who started an online business and had some success. But decided to turn to buying established online businesses to build a portfolio and replace her income. Angelica has gone from juggling multiple balls in business to buying more passive sites that can make just as much money but without additional work and stress.

Resource Links:

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

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

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

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