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10 years ago I was an English teacher earning $1,000/mo.
Since then I've started two companies, exited one, and taken the second one public on NASDAQ.
Here's what I've learned the hard way in my 10 year journey, so you don't have to.
Dom Wells
6,889 posts
Dom Wells
@DomWellsOnfolio
The “Digital Acquisitions” guy. CEO of a publicly traded portfolio of around 20 internet businesses. ($ONFO). Follow for strategies on buying digital co’s.
- Replying to @levelsioNot sure exactly when it happened but Airbnb hosts shifted from “we are in the hospitality business” to “we are in the real estate business” a while ago
- I'm CEO of a 100% remote, publicly traded company and I've completed ~35 internet business acquisitions. AMA
- I've bought a lot of online businesses and sold a fair few as well. Anything from $500 to $4.5M. Ask me anything
- I love buying agencies. What we look for: 1. 40% gross margins 2. Buy at 4x EBITDA If we see those numbers, we can get 25% cash on cash returns by just maintaining prior performance. All we need to do is just not fuck it up.
- Want the easiest email sequence ever? There's a simple, 4 email sequence template I've used to generate 6 figures in sales over a weekend. It works like gangbusters every time. Want a copy of the template? Like and retweet this, and I'll DM it to you. Must be following me.
- It's idiotic to drop $100K - $1M buying your first business. That's stupid risk. Go out & buy a business for $10,000. Best case: you make a few $ Worst case: you lose it all Your first acquisition is paid education to learn lessons & size up future bets.
- We bought a proofreading course business for $4.45 million. 5 ways we're growing it post-acquisition:
- I've bought 35 digital businesses. My 7 sources for finding new deals: 1) @FEIntl 2) @Flippa 3) @quietlightinc 4) @acquiredotcom 5) @EmpireFlippers 6) @WebsiteClosers 7) @BizBuySell (mostly offline)
- Focus on the 80:20 of on-page SEO when publishing: 1. URL slug must contain your targeting primary keyword. 2. H1s and Meta Titles must contain your targeting primary keyword. 3. H2, H3, etc. need to be hierarchical and contain target keyword variations. 4. Images should
- Bought a business for $4,490,000 in March. Here's the breakdown: Business: Proofread Anywhere (training for aspiring proofreaders) Team: Founder, CEO, & 6 contractors EBITDA: $1,380,000 Email list: 300,000 Multiple: 3.3X Founded: 2014 Ask me anything about the acquisition 👇
- I've made millions buying 35 digital businesses. So much opportunity, but also so much noise. Follow these 10 accounts to start buying businesses: