Youtor
ILAB 10 Empire Flipper’s CEO Investing in profitable cash flow websites
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=xQ4Hnk3CuMQ
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-em... • Empire Flippers • Website – https://empireflippers.com/ • Twitter – / empireflippers • Facebook: / empireflippers • Joe Magnotti • Facebook: / magnotti • Linkedin: / 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.
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