Buying Online Businesses with Michael Bereslavsky

Schlomo Freund shares his journey from a traditional background to becoming a successful entrepreneur. He discusses his early ventures, including day trading as a child and affiliate marketing as an adult. Schlomo elaborates on his experiences in China, where he started a business helping foreign companies navigate the Chinese app market. He also touches on his transition to financial coaching and investing in digital assets. The conversation concludes with insights into his traveling lifestyle with his family and the challenges and benefits of homeschooling. 00:00 Introduction to Schlomo Freund's Journey 02:33 Early Entrepreneurial Ventures and Influences 05:00 Affiliate Marketing and Initial Successes 07:58 Exploring Dropshipping in Nepal 10:23 Navigating Business in China 12:41 Starting a Company in China 15:25 Challenges of App Distribution in China 17:45 Understanding the Chinese App Market 20:25 Hiring and Managing in China 23:24 Exiting the Company and New Ventures 25:41 Transitioning to Digital Asset Investments 31:11 The Journey of Financial Coaching 34:37 Investment Strategies and Experiences 36:18 Acquiring Content Websites 39:43 Leveraging Digital Assets for E-commerce 50:01 Traveling and Homeschooling with Family

Takeaways Jason transitioned from mechanical engineering to entrepreneurship. He became a digital nomad after reading 'The 4-Hour Workweek'. His experience at Empire Flippers was pivotal for his career. Navigating the Chinese Amazon market presented unique challenges. The rise of aggregators changed the landscape of online business. Jason's brokerage firm achieved significant success in a short time. COVID-19 impacted business operations and market dynamics. He learned valuable lessons about deal-making and negotiation. Jason's journey reflects the importance of adaptability in business. He is now focused on future opportunities in the online business space. Many Chinese sellers rely on translation services due to language barriers. The Chinese government actively supports Amazon sellers to boost exports. Success rates for new Amazon sellers are low, with many failing within the first year. Trust is a significant hurdle in establishing relationships with Chinese sellers. Due diligence is crucial, but buyers often take the lead in verifying seller claims. The brokerage model can be challenging due to the need for trust and relationship building. Investing in offline businesses may present better opportunities than online ventures. The future of manufacturing may shift away from China due to rising costs and geopolitical risks. Supply chain disruptions could lead to a reevaluation of sourcing strategies. The consolidation of businesses in the U.S. may limit opportunities for small business owners. Chapters 00:00 Introduction to Jason Lee's Journey 03:25 Breaking into the Online Business World 06:07 The Rise of Amazon Selling in China 10:54 Transitioning to Brokerage and Finding Opportunities 13:41 The Emergence of Aggregators in the Market 19:06 Navigating the Challenges of Cross-Cultural Business 24:18 Achieving Success in Business Brokerage 32:05 Market Changes and Future Plans 49:15 The Mainstreaming of Online Income 50:32 The Evolution of Remote Work Culture 51:24 Navigating Job Offers in the Digital Age 52:21 The Role of Automation in Business 53:51 In-Person Connections in a Remote World 55:46 Understanding the Brokerage Process 59:03 The Impact of COVID-19 on Work Dynamics 01:02:29 Transitioning from Amazon to Business Brokerage 01:03:43 The Nuances of Selling on Amazon 01:05:54 Challenges Faced by Chinese Sellers 01:09:16 Navigating International Business Deals 01:12:22 Challenges of Language Barriers in E-commerce 01:13:45 The Journey of Chinese Sellers on Amazon 01:16:24 Success Rates and Challenges for New Sellers 01:18:21 Navigating the Brokerage Business Landscape 01:18:51 The Process of Business Transfer and Trust Issues 01:23:18 Building Trust with Chinese Sellers 01:24:24 Data Scraping and Seller Outreach Strategies 01:27:00 Understanding Seller Revenue and Due Diligence 01:31:56 Insights from an Amazon Employee 01:33:35 Navigating Cultural Fit in Sales 01:34:33 The Challenges of Selling a Brokerage Agency 01:35:39 The Rollercoaster of Deal-Making in Brokerage 01:37:34 Partnership Dynamics in Business 01:41:10 Investing in Small and Medium-Sized Businesses 01:44:15 The Future of E-commerce and Supply Chains 01:46:59 The Implications of China's Demographic Shifts 01:50:50 Opportunities and Risks in Buying Businesses

In this conversation, Ross Gerson shares his journey into the world of website acquisitions, detailing his experiences at Empire Flippers and his current role at Web Street. He discusses the evolution of the online business market, the impact of Google updates, and the importance of genuine content in SEO. Ross also introduces DealSlide, a new tool for buyers, and offers insights on partnerships and the future of AI in online business Chapters 00:00 Introduction to Ross Gerson and His Journey 02:49 Getting Started in Website Acquisitions 05:16 Transitioning from Offline to Online Brokerage 08:02 Role at Empire Flippers and Buyer-Seller Dynamics 10:37 Navigating Buyer-Seller Calls 13:10 Post-Empire Flippers: Building a Portfolio 15:58 Acquisition Strategies and Lessons Learned 18:36 The Landscape of Website Acquisitions 20:58 SEO Insights and Content Strategy 23:39 Market Trends and Future Outlook 31:52 Market Trends in Online Business Acquisitions 33:27 Opportunities in Content Acquisition 34:52 Emerging Trends in Business Sales 37:29 The Evolution of Business Multiples 41:22 The Impact of AI on Online Businesses 42:45 Introducing Deal Slide: A New Tool for Buyers 47:25 Future Plans for Deal Slide 49:19 Advisory Services for First-Time Buyers 52:37 Partnership Dynamics in Business 54:12 Navigating the AI Revolution 01:03:22 Personal Acquisition Strategies

Michael is back and shares where he's been and how his life has changed since selling his business. Learn more about Michael at https://www.michaelbereslavsky.com/

Today, Michael welcomes Jason Malone from WeOutreach. The two talk about backlinks and making complicated SEO simple. They also talk about what's important to know when buying backlinks, the things you should be paying attention to and how to achieve the best trade off between quantity and quality. Learn more about Jason and WeOutreach at http://weoutreach.com Connect with Jason on LinkedIn at https://www.linkedin.com/in/jason-malone-a88b3333/ To learn more about Michael and Domain Magnate, visit http://domainmagnate.com

Today, Michael welcomes Marks Mars from Niche Website Builders and the co-founder of Make Lemonade on the podcast. The two of them talk about case studies from reviewing 5,000 websites and what do you need to get to the revenue goals you want. They also discuss how to build profitable websites using expired and aged domains as well as the most important factor in SEO today. Plus they touch on other topics around content, building sites at scale and buying sites. Learn more about Make Lemonade at https://makelemonade.agency/ To learn more about Michael and his team, visit http://domainmagnate.com/

This week, Michael is joined by Ben Dankiw, the Co-Founder and CEO of SEO and paid media agency NAV43. Join us for a fascinating conversation on running a SEO agency, paid media and the new, evolving world of AI content. Ben also shares his current journey to purchase a website. Ben shares some great insights and actionable takeaways that you can start using on your websites today. Learn more about Ben and his agency NAV43 at https://nav43.com/ Connect with Ben at https://www.linkedin.com/in/brdankiw/ Learn more about Michael and Domain Magnate at http://domainmagnate.com

This week it's all SEO with SEO expert Kyle Roof. Kyle is the founder of the recently acquired SEO agency, High Voltage, as well as PageOptimizer Pro and Internet Marketing Gold. Kyle and Michael discuss SEO experiments, what it takes to build and grow an agency, how to prepare your agency to sell and his SEO community. Learn more about Kyle at http://kyleroof.com To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

Today, Michael speaks with Zach Zorn. Zach is a website investor, entrepreneur and yacht broker with Kusler Yachts and website investor with moneynomad.com Michael and Zach talk about what it's like being a yacht broker and how that world works, how Zach buys and sells websites in the content space, some things he's been testing with SEO and opportunities they see in TikTok right now. Learn more about Zach at http://moneynomad.com To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

In this episode of the Domain Magnate Show, join Micheal Bereslavsky welcomes back the Founder and CEO of Blackbook Investments, Mohit Tater. They discuss SEO updates and the drop in multiples they've been seeing so far this year. Mohit Tater is a serial entrepreneur, investor and consultant with business experience from around the world. He is the Founder and CEO of a successful investment firm, Blackbook Investments, and an expert in alternative asset classes, having generated phenomenal ROI for his clients over the past few years. To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael speaks with Matt Raad, the co-founder of eBusiness Institute. Matt has acquired over 100 content websites and he now teaches people how to buy and grow online businesses and content websites. Visit eBusiness Institute’s website at https://www.ebusinessinstitute.com.au/ To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael speaks with Shane Dutka of Three Ships on how he went from being an accountant to building an affiliate website from scratch and then selling it for over $1 million in just 18 months! Learn more about Shane at https://shanedutka.com/ Follow Shane on YouTube at https://www.youtube.com/c/ShaneDutka/ Find Shane on LinkedIn at https://www.linkedin.com/in/shane-dutka/ To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael speaks with email marketing and paid ad expert Daniel Peleg from EmailComposed. Daniel shares some great insight into email marketing, whether you have a large list you email regularly or even if you've been slacking on using your current list. Get Daniel's email marketing online assessment at https://www.emailcomposed.com/ecom-email-revenue-report/ Get Daniel's abandoned cart free workshop at https://www.emailcomposed.com/abandoned-cart-masterclass-reg/ Learn more about Daniel at https://www.emailcomposed.com/ To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael speaks with Mads Singers. Mads is a People Management Consultant, Outsourcing Expert & SEO Nerd. He also runs The SEO Master Summit as well as buys and sells many websites. Learn more about Mads at https://www.madssingers.com To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael speaks with Andy Mai. At 22 years old, Andy is the CEO & Founder of Studying.com, where he teaches people how to create an online business. He's also a YouTuber. Andy and Michael talk about starting with paid traffic, managing people, podcasting and ecommerce. Check out Andy's YouTube channel at http://Youtube.com/AndyMaiYT Find Andy on LinkedIn at https://au.linkedin.com/in/andyqmai Learn more about his business at http://Studying.com To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

Before we start the new year, Michael looks back at the year that was! This week, he shares his unique insight into the market and trends in the past year. He'll also share where he sees opportunities in the coming year. Plus, Domain Magnate has made some major changes to their business model. Michael gives you a peek into what they have done and why they've done it. You might learn a bit about how to operate your own portfolio from the changes they've made this year. To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week, Michael is joined by Ian Reynolds. Ian is the Head of Venture Partners at Golden Section. After a friend told him how he was buying and growing businesses, Ian was hooked. Ian tells his story as well as shares some great insight on what he looks for with a deal and what he looks for when growing a business. Find Ian on LinkedIn at https://www.linkedin.com/in/ianjhreynolds/ Read Ian's insights and learn about his mentorship at https://thesiscapital.com/ To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

Today, we have a great conversation with Ian Bond! Ian has been in wealth and asset management for decades. Over the last few years, he’s been buying eCommerce businesses. Ian and Michael talk about drop shipping stores and what Ian has been seeing over the last few years. Learn more about Ian at http://www.professionalwebsiteinvestors.com/ To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnate.com

This week on the show, we have one of the first people in the online business brokerage space, David Fairley! David is the Founder and President of Website Properties. David established Website Properties as the first online business brokerage, specializing in selling established and profitable internet-based businesses. From 2002 – present, he continues to enjoy and draws great satisfaction from bringing buyers and sellers together to complete a transaction that is a win, win for both parties. With his industry knowledge, years of experience and successes, David Fairley is considered an expert in online business marketing, appraisal, and sales. Learn more about Website Properties at websiteproperties.com Connect with David on LinkedIn To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnatecapital.com/

This week, Michael speaks with Ricky Kesler of Income School! Ricky is an internet entrepreneur, influencer, and co-founder of Income School. He has helped numerous others become financially independent by helping them create online businesses. Income School is an internet marketing company that teaches people how to create an internet business through blogging and creating Youtube Channels. Income School is best known for its popular internet marketing and SEO channel on Youtube. To learn more about Project 24, visit http://incomeschool.com/project24/ Learn more about IncomeSchool at https://incomeschool.com/ Check out the IncomeSchool YouTube channel at https://www.youtube.com/c/incomeschool To learn more about Domain Magnate and find additional resources to buy or sell an online business, visit https://domainmagnatecapital.com/