Event Detail

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May
31
Friday
May
31
Fri
How to Buy an Established Online BusinessBreakouts :: Create Your Own Breakout also Breakouts :: Innovation & Entrepreneurship
How to Buy an Established Online Business
1:30 PM
C3 WorkLounge
Description:
Who?

Chris Yates will share his personal experience acquiring and growing a portfolio of established online businesses over the last 10 years. In addition to running his own portfolio, he is also Founder of Rhodium Weekend, an annual conference for people looking to invest in, acquire, monetize, scale, or exit eCommerce, Content, SaaS, and Productized Service online businesses, and provides advisory and done-for-you due diligence for online business buyers through his company Centurica.

What?

Chris is hosting this as a community led breakout session during Last Best Conference. He will be leading this "Ask Me Anything" style roundtable discussion based on his personal experience buying, monetizing, and selling multiple 4 to 7 figure online businesses as well as his experience helping new and experienced buyers safely buy online businesses in the $50,000 to $30 Million price range through his company Centurica.

When?

1:30: Each attendee will get the opportunity to share what they would like to learn and what questions they have.
1:40: Chris will share his recommendations on steps to take to safely buy your first online business and how the process typically works.
1:50: Chris will share 3 case studies from his own experience on how to quickly grow revenue on a new acquisition.
2:00 - 2:30: Chris will answer questions and facilitate a group discussion.
Why?

For people looking to start a business.

Buying an established online business allows you to step into something that's already working and allows you to skip the risk of not achieving "product market fit" when you start from scratch.

For people who already own an online (or offline) business.

Grow your business by acquiring other businesses. For example, you can leverage your unique knowledge to buy websites with established traffic and monetize them with your product or service.

For people looking to invest passively.

Partner with operators or invest in funds who specialized in online businesses as an asset class. Online businesses typically sell for 2-4 times EBITDA which makes the potential returns attractive, but it doesn't come without substantial risks.

For people looking to sell their online (or offline) business.

Find out what buyers are looking for and how to prepare your business to pass due diligence and get maximum value.

Where?

*Important Note on location. We will be in the C3 Work Longe Conference Room but if we get more than about 10 people, we will move to one of the pavillions in Silver Park across the street.
Register Now
Age Group: 18+
Venue: C3 WorkLounge
Address: 945 Wyoming Street #150 Missoula, MT 59801
Phone: N/A

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