ILAB 10 - Empire Flipper’s CEO: Investing in profitable, cash flow websites



Joe Magnotti is the founder and CEO of Empire Flippers. Since launching a few years ago they have successfully sold several thousand websites over their p-2-p market place. Empire Flippers only sells profitable, cash flowing websites that are typically in the range of $5,000 to $1,000,0000. Joe discusses with us how they set valuations in the marketplace, trending niche categories such as Amazon FBA, and why 40% of the marketplace buyers are repeat customers. We also take a deep dive into 3 sites currently listed including specifics on revenue, maintenance, and future growth prospects. This episode gives us a unique look into modern investing and is particularly appealing for anyone who is interested in internet commerce. Full blog post - http://investlikeaboss.com/ilab-10-empire-flippers-ceo-investing-in-profitable-cash-flow-websites/ Empire Flippers Website – https://empireflippers.com/ Twitter – https://twitter.com/EmpireFlippers Facebook: https://www.facebook.com/EmpireFlippers/ Joe Magnotti Facebook: https://www.facebook.com/magnotti Linkedin: https://www.linkedin.com/in/josephmagnotti Where are we: Sam – Singapore Joe – Manila, Philippines What we are drinking: Sam – water (nursing hangover from night before) Joe – San Miguel Light Recommended (books, subscriptions): Empire flippers Podcast MONEY Master the Game Discussed (relevant links): AdSense site, Finance niche (investing) been around almost 8 years, making $1,230 a month net – $44,288 Amazon Associates site, sport niche (golf), been around 2 and ½ years making almost $3,200 a month net – $79,790 Service based site delivering a small gift, been around 5 and ½ years making almost $8,200 a month – $237,196 Jon Haver’s site Website buyer type profiles (which one are you?) Empire Flippers Valuation Tool Accredited investor definition Webfolio Management – Invest in internet business fund ILAB 02 – Dropshipping TLAB 115 – Selling my store for $60k Boss Lounge – Facebook Show notes: 04:00 – Difference between Dropshipping and Amazon FBA 11:00 – How to find a buyer through a website broker 12:45 – Can you auto pilot your online business 13:30 – Selling my dropshipping business for $60k 24:11 – Intro starts 24:45 – What is Empire Flippers 26:30 – Number of sites sold through Empire Flippers 27:50 – Price range of sites on market place 28:45 – Determining profitability of website cash flows 29:45 – Vetting process 31:00 – Determining multiple and valuation 34:40 – Trending sites right now 36:45 – SaaS valuations 38:20 – Redundancies of sites revenues 41:15 – Seeing thousands of profitable websites 42:00 – Types of buyers in marketplace 44:30 – Getting into Amazon FBA 48:50 – Buying first building a business 49:20 – Determining profitability of the website 50:30 – Repeat buyers 51:50 – Reviewing 3 sites currently for sale 53:00 – Buyer due diligence 54:45 – Setting up process to support the business 54:45 – Starting their internet investment fund 56:30 – Vetting accredited investors 57:00 – Future expansion of the fund 59:30 – The future of Internet commerce If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.

Comments

  1. thanks for the video, what's the link to the tool to estimate the price of a business?
  2. more great work! thanks


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