Which Online Business Model Has the Best Return on Time with Greg Elfrink From Empire Flippers
Greg is the Director of Marketing for Empire Flippers. Empire Flippers is an Inc. 500 company and the #1 curated marketplace for buying and selling established, profitable online businesses. Empire Flippers have helped customers buy and sell nearly $300 million worth of Ecommerce, Adsense, Affiliate, SaaS, FBA, and many other revenue-generating assets. In this episode, Greg shares helpful tips on how you could fine-tune the process to guarantee a secure buying and selling experience, how to protect yourself when entering these transactions, and the market outlook for the next 12 months.Let’s get started![00:01 - 05:40] Opening SegmentFrom a self-taught internet marketer to being the head of the marketing department[05:41 - 18:05] Keep Up with The Market TrendWhat’s changed in digital business this 2022?Moving to buyer's marketThings to watch out for in the preparation for the market in 12 monthsGreg’s tips for operators and investors who are new to buying an FBA business: Split your capitalHow Google will affect the online marketing in the next 6 to 12 months[18:06 - 22:48] Do Better Marketing with The Right AudienceThe best business model with the best return on timeOne of the biggest SEO mistakes: Not understanding the true value of trafficLeveraging your audience to grow your businessBuild content sites that are not all about affiliates and display adsWant some Amazon refunds? Check out GetidaPromo code: FTM400[22:49 - 46:46] What To Know About Selling Your BusinessCheck out Empire FlippersSelling a business? Here’s why you should get a brokerWhat’s an Earn-Out and the things you should watch out for Greg shares some questions to ask yourself when looking to sellMust be based on your personal and business goals[40:41 - 21:51] Closing SegmentGreg’s recommended strategy: Diversify on different business modelsThe Fire RoundQuotes:“The best thing you can do is make your business as least risky as possible.” - Greg Elfrink “I tell people all the time, if you can't afford it, as you say, you know, your lifestyle was taken care of in terms of expenses and stuff, if you can afford it, always choose to build an audience over building revenue, because then the audience becomes an endless supply of potential stuff for you” - Greg Elfrink Connect with Greg Elfrink!Website: empireflippers.comLinkedIn: www.linkedin.com/company/empire-flippersFacebook: Empire FlippersSend us a voice message and let us know how we can help you fire the man! FacebookYouTubeInstagramResources MentionedBlood Meridian, or the Evening Redness in the WestNo Country for Old MenEmail us --> [email protected] Leave us a review as it really helps the show! Support the show