In this episode, Matt takes a deep dive into the world of business buying with expert Matt Raad, hailing all the way from Brisbane, Australia. Matt Raad shares insights from his extensive experience in buying and selling businesses, particularly focusing on digital ventures such as websites and affiliate marketing. Matt shares his journey from studying zoology to purchasing a manufacturing business and eventually venturing into digital enterprises like websites and affiliate marketing. He emphasises the importance of networking and learning from successful individuals, offering valuable insights on tactics such as seller financing and acquiring equity in businesses. Tune in to see how Matt turns websites into cash cows with virtually no risk!
TIMESTAMPS
0:00 - Intro
0:48 - The Importance of Surrounding Yourself with the Right People and How it's Benefited Your Career
3:26 - How did your parents feel about you asking stranger how they made their money?
7:22 - How did Matt become a Business Buyer?
12:04 - Do you still have that business now?
14:02 - What was the Economics of that First Business?
15:14 - How to get into the Business Mind Space without having money
21:09 - How clued up are Business Brokers in the Vendor Finance space?
26:51 - Why websites and digital businesses?
28:10 - When you buy these businesses, do they come with staff too?
29:21 - What are the typical economics for the online businesses?
32:22 - Do you and your clients have strong SEO knowledge?
36:22 - How do people work with you?
37:54 - Conclusion
In this episode, Matt takes a deep dive into the world of business buying with expert Matt Raad, hailing all the way from Brisbane, Australia. Matt Raad shares insights from his extensive experience in buying and selling businesses, particularly focusing on digital ventures such as websites and affiliate marketing. Matt shares his journey from studying zoology to purchasing a manufacturing business and eventually venturing into digital enterprises like websites and affiliate marketing. He emphasises the importance of networking and learning from successful individuals, offering valuable insights on tactics such as seller financing and acquiring equity in businesses. Tune in to see how Matt turns websites into cash cows with virtually no risk!
TIMESTAMPS
0:00 - Intro
0:48 - The Importance of Surrounding Yourself with the Right People and How it's Benefited Your Career
3:26 - How did your parents feel about you asking stranger how they made their money?
7:22 - How did Matt become a Business Buyer?
12:04 - Do you still have that business now?
14:02 - What was the Economics of that First Business?
15:14 - How to get into the Business Mind Space without having money
21:09 - How clued up are Business Brokers in the Vendor Finance space?
26:51 - Why websites and digital businesses?
28:10 - When you buy these businesses, do they come with staff too?
29:21 - What are the typical economics for the online businesses?
32:22 - Do you and your clients have strong SEO knowledge?
36:22 - How do people work with you?
37:54 - Conclusion