In this episode...
I just sold one of my websites for $95,000. Today, I will tell you all about how to sell a website, how I flipped my website for $95,000, and I will give you a review of Empire Flippers (the broker I used to sell my business).
The business is the "Pomsky Owners Association". A business I started in 2017 as a website to practice my SEO. The website has grown substantially over the past few years, averaging over $2,000 in monthly profit. Through Empire Flippers, I was able to get a 55x multiple of monthly earnings, which put the valuation of my business just under $95,000.
I learned a lot along the way selling this business. I first started the process of selling this business on April 27th 2021. I didn't officially list the website for sale until July 6th 2021. I didn't sell the business until August 14th 2021, and I didn't get paid for the sale until December 28th 2021. It's a LONG process, and I messed up quite a bit along the way (which slowed up the process). I talk all about that in today's episode including what to expect when selling your business, the expenses you can expect for broker fees and taxes, and all the behind the scenes in flipping a website.
In today's episode I'm going breakdown why I sold my business, share the lessons I learned, and show you how to sell a website on Empire Flippers using my business as a case study.
Download the "how to sell a website" step-by-step case study (coming soon)
Ready to start your business?
I'm here to help. I will help you find a business idea. Validate your idea. And launch your business to get your first sale in just three months.
(I'll show you how).
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Chris Ronzio of Trainual.com. Chris talks through the process of validating, launching, and scaling Trainual, a software program that helps companies build out their “business playbook” to document and organize company processes, people, onboarding, training, and operations. Chris provides a blueprint breaking down how
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Karthik Vijayakumar of designyourthinking.com. Karthik shows us how he used his expertise working in product marketing and product management to start his business. Karthik Vijayakumar Case Study Karthik is featured in my new book Use Your Job to Quit Your Job. Below is the case study
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Steven Foust of ncosupport.com and cutoffscores.com. Steven shows us how he used his past job, even though he had retired from the military over twenty years ago, and built the business that has now allowed him to leave his corporate day job and pursue entrepreneurship
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Rose Griffin of abaspeech.org. Rose shows us how she used her expertise as a speech-language pathologist and turned it into a full-time business dedicated to helping, teaching, and training speech language pathologists. Rose Griffin Case Study Rose is featured in my new book Use Your Job
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Allison Strickland of ATStudybuddy.com. Allison shows us how she used her expertise working as an athletic trainer, passing the BOC Exam, to build her business ATStudyBuddy. Allison Strickland Case Study Allison is featured in my new book Use Your Job to Quit Your Job. Below is
ALL EPISODESABOUT THE SHOWIn this episode…Today, I am excited to interview Vickie Velasquez. Vickie shows us how she used the skills she learned working in project management to build a portfolio of successful businesses. Vickie Velasquez Case Study Vickie is featured in my new book Use Your Job to Quit Your Job. Below is the case