buying

As with many eCommerce entrepreneurs, Andrew Youderian of eCommercefuel, fresh out of college, started out in a job that he hated. Enticed by the chance of obtaining valuable job experience, Andrew took a job in investment banking. After making his decision to quit in 2007, Andrew scrimped and saved to make his escape. After hours of research into niche markets and business models, Andrew made his move, quit and created his first business, Right Channel Radios.

Since then, Andrew has created two other businesses, TrollingMotors.net, the sale of which he discussing on this episode, and eCommerceFuel. His latest company, eCommercefuel was created to share Andrew’s experiences and knowledge to help others to make the leap from the corporate 9-5 to online entrepreneurship.

On this week’s episode, we discuss Andrew’s requirements for choosing a niche, how to get started and how Andrew prepared to sell his first company without the help of a broker. We’ll also discuss what he would have done differently if he were able to start the process all over again. You don’t want to miss this episode!

What You’ll Learn From This Episode:

• Andrew’s requirements for choosing a drop shipping business.
• Why it is important to choose a niche that people will have a lot of questions about.
• How to create buzz about your sell.
• The two regrets Andrew has about the sale process of TrollingMotors.net.
• What a Dutch auction is.
• Why it is better to start the process of a sale after your quarterly financials are completed.

Featured On The Show:

• eCommerceFuel.com
• Trollingmotors.net
• Rightchannelradios.com
• StomperNet

Listen To The Full Interview:

[powerpress]

From marketing to start-ups Rob Walling, a serial web entrepreneur, has quite the experience of acquiring many software businesses. Rob runs an email marketing tool business, a popular SEO keyword tool, invoicing system, an online course for start-ups and much more.

On this week’s episode, we discuss important steps for acquiring a software businesses, where to find them and how to hire the original developer to help make the transition easier so that your app or website is better than when purchased. We’ll also discuss how educating yourself about marketing can accelerate your new business. You don’t want to miss this episode!

What You’ll Learn From This Episode:

• How many acquisitions Rob has made over the course of his career.
• The importance of being able to code and market.
• The main traps a first time buyer needs to be aware of.
• How to hire the right developers on oDesk.
• Tips for app development.

Featured On The Show:

• StartupsForTheRestOfUs.com
• Micropreneur.com
• SoftwareByRob.com
• Flippa.com
• oDesk.com

Listen To The Full Interview:

[powerpress]

Most online business owners are constantly trying to come up with their next great idea for a new business. However, as Chuck Mullins from CashForYourSite.com wondered, why reinvent the wheel when millions of eCommerce stores are readily available for sale? Chuck has spent nearly 20 years exploring this option since starting his first business fresh out of high school.

On this week’s episode, we discuss what to look for when considering buying a business, the best ways to find available businesses and how to effectively do due diligence prior to buying. We also discuss some of the requirements in Chuck’s purchasing agreement.

What You’ll Learn From This Episode:

• The two things that most buyers don’t consider when buying a site.
• What Chuck looks for in an online business.
• The conversion rate optimization tips that are the fastest ways to increase the monetization of a site.
• The easy way to demonstrate that you are a reputable site that on average increases your conversion rate by 60-117%.
• Why Chuck prefers to find new deals through networking.
• The 12 steps of due diligence for buying a site.
• Chuck’s top tips for choosing an online business

Featured On The Show:

• CashForYourSite.com
• Chuck Mullins: [email protected]
• Spyfu.com
• Flippa.com
• www.safesitecertified.org

Listen To The Full Interview:

[powerpress]

While many online business owners say that they have been working in the industry for a long time, David Gass really has. He got his start back in the 1990’s by taking his book for small business owners and turning it into a coaching and training program. David’s companies were on the Inc. 5000 list of fastest growing companies in the U.S. for 3 years in a row.

On this week’s episode, we discuss what to look for when buying and selling an online business and whether or not you should go through a broker. We also discuss the live event that David has started that can give you the tools and connections to succeed.

What You’ll Learn From This Episode:

• The two questions every potential business partner should ask.
• Why David decided to grow his business online.
• The Good, the Bad, and the Ugly of buying businesses.
• The top 5 things you should look at before buying an online business.
• Why David started the e-biz weekend internet investment summit.
• What David and his monthly mastermind, “The Rhodium Group,” offers its members.

Featured On The Show:

• David Gass: Blog | Mastermind Groups | Events

Listen To The Full Interview:

[powerpress]