In Part Two of my conversation with Buying Online Businesses student Sam, we talk about how he went from knowing nothing at all about websites, then progressed to buying his own online business, and has now grown that business to earn an additional $1000 per month.
In this episode, we will talk about the following:
- Why Sam chose a dropshipping store
- How much his business has grown since he bought it
- What he has done to grow the business
- What has worked well, what hasn’t, and why
- The best things about buying an online business
- His goals for the next 3-5 years
0:00 – Intro and Episode Overview
2:36 – Sam’s backstory and how he moved from his previous situation to his present situation of success and achievement.
5:04 – The testament that it builds your confidence as you go through the process – Due Diligence
7:09 – How did Sam come across the dropshipping store?
10:09 – Always take the time to learn new skills.
11:30 – Few tweaks on the site, email campaigns, and social media postings.
13:35 – Future plans for the business – marketing agency, virtual assistants, and maintain a good percentage of returning customers.
16:24 – Conversion rate optimization and its importance in growing your business.
20:00 – Social proof and how can it increase conversion rates for a certain product.
23:35 – Working ON the business VS. working IN the business.
26:28 – The importance of creating professional videos for higher conversion rates.
29:29 – Pro tip to get your Facebook Ads working for you.
36:01 – Strategies in handling a VA to help grow your business.
When Sam joined our Buying Online Businesses programme he had been a plumber for eight years, and at the age of 26, was struggling with back issues that had him thinking of alternatives to the manual labour of plumbing.
After looking through a lot of options, he decided to join our team and work through the trainings while still working full time.
Just 10 months after joining, and after some deals that got close to completion but weren’t quite right, Sam was able to complete the purchase of his first online business!
Check out our community here – https://go.buyingonlinebusinesses.com/community
Or for some free resources such as my Due Diligence Framework or my Website Evaluator Tool, visit – https://buyingonlinebusinesses.com/freeresources/