Are Multiples Decreasing For Investors Who Are Buying An Online Business With Greg Elfrink?

Are online businesses getting cheaper these days? Let’s all find out in this episode!

Greg Elfrink, the Director of marketing at Empire Flippers joins me today and he will share his insights on buying an online business. 

We dive into what most beginners do wrong when buying a business and how to become an attractive buyer? What happened with the FBA aggregators and why did they lose so much money?

Also, explore the different types of online businesses Empire Flippers sell. How sellers aren’t getting the prices they used to and why we have been coming into a buyers market

multiples of businesses for the rest of the market?

We also discussed another yet intriguing topic: Did AI just kill the affiliate marketing businesses?

And how buying and selling online businesses could evolve in the future?

If you plan on buying an online business, this episode could be a big help for you on creating a better business decision. Tune in now!

Episode Highlights

3:55 Where do beginners go wrong in buying a business?

13:20 Learning from other people

21:14 Getting lured into eCom businesses

25:15 Type of businesses being sold by Empire Flippers

33:05 Unique types of online businesses you can buy

40:41 Did AI kill affiliate marketing?

55:55 Trends and multiples of businesses sold by Empire Flippers

59:27 How to recognise good deals

1:03:24 The evolution of Buying and Selling Businesses

Key Takeaways

➥ When buying an online business, Greg gives emphasis on the importance of asking the right questions and knowing what questions to ask to sellers. 

➥ Greg believes that direct-to-consumer (DTC) e-commerce stores have greater growth potential than affiliate sites. However, for new buyers who are just starting out in the online business space, Greg suggests that affiliate sites may be a better option. This is because affiliate sites are easy to understand and has simple business model.

➥ According to Greg, this year is the great opportunity for those interested in buying online businesses. The level of competition is low, and sellers are more amenable to accepting offers below their asking price, meaning that buyers may be able to secure favorable deals.

About The Guest

Director of marketing at Empire Flippers 

Connect with Greg Elfrink

➥ Empire Flippers - https://bit.ly/3Vg0qU8

➥ https://buyingonlinebusinesses.com/ep-019-value-business-buy-according-50m-data/

Resource Links

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

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

➥ Sell your business to us here - https://www.buyingonlinebusinesses.co/sellyourbusiness

➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG

➥ Credit Suite (Finance Broker, getting finance for websites) - https://bit.ly/3YiEDLZ

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