How I acquired Sourcely.ai for $4k and grew it to a $150k valuation in 6 months. Subscribe for an in depth case study of the acquisition!
FAQs
Is This For Free?
Yes the newsletter is completely free.
Why Should I Consider Buying A Business?
Lots of different reasons: You dont like your job/ dont want one- freedom, ownership, Looking for additional sources of income/ side hustle, Business owner looking to add on to current business, Previous founder looking to skip 0-1 by acquiring a business. Basically: You like business and would love to get your hands dirty in one My Reason: You can earn a fine living through a salary, but true WEALTH is created through ownership Ownership offers the potential for higher returns compared to traditional investment avenues such as the stock market or real estate.
Who Is This For, Is It Available For Everyone?
Anyone interested in business and startups. Specifically for those with the skills, resources and motivation to acquire and grow a business. Let's set a base -> You either have the money to buy a business or you don't.
How Much Money Do I Need To Buy A Micro Startups?
Ideally you need around $10-15k to invest, but it is possible to start as small as $1-5k. Good projects are much much much harder to find with a smaller amount. Creative financing options are also available for acquisitions $100k+
Oh Yes, How And Where can I start?
This newsletter is a great place. Buy a project in your niche or area of interest - This will allow you to work on a project in a field you are passionate about and help you find work you enjoy. - It also allows you to leverage your existing knowledge and network to benefit the business.
How Do I Define A Good Buy?
Good project:
Solving a niche problem- ideally you know the target user well
Profitability
User feedback- positive
Criteria- tech stack, business model- b2b, b2c, freemuim
Great price is king
Simple and easy to explain and market