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Recent content by empireflippers

  1. empireflippers

    The Income Store Part Deux?

    I'm sorry to hear you're having difficulties verifying your information through our system. I know that many are verifying just fine - not sure what's going on with yours? If you want to private message me your name/info I can look it up. Have you ever setup a call with our team? It's pretty...
  2. empireflippers

    The Income Store Part Deux?

    Someone else brought this up to us too: "Why give 30% to the Operators when they're only putting in 7% of the capital?" It's an incentive issue. If the Operators don't have enough incentive, we won't get the best Operators. We had many discussions with Operators and potential investors and...
  3. empireflippers

    The Income Store Part Deux?

    Hey all, Justin w/ Empire Flippers here. Happy to answer any questions you all might have about EF Capital. I'd start by saying this is different from the Income Store (fiasco) in a number of ways. The similarity is that it involves investment in online businesses from passive/silent...
  4. empireflippers

    Buyer Experiences at Empire Flippers

    Hey all - Justin w/ Empire Flippers here. Glad to hear you dig our content! I just wanted to clear up that we're a bit of a hybrid between a marketplace/brokerage. We present listings as a marketplace, but we also: Have a Vetting team that reviews/approves each listing Have a Sales team that...
  5. empireflippers

    From 0 To $240,000 Per Year PROFIT In 18 Months (Acquisition Entrepreneurship)

    GOLD! HOT! 
    Great thread, Richard, and congrats on your success so far! Just wanted to clear up a couple of things, though: We typically have somewhere around 80-100 listings available at any one time, ranging from $20K or so on the low end up to mid-high 7 figures. Roughly 50-60% (at any one time) of...
  6. empireflippers

    What’s the best way to sell a very profitable online business?

    Hey OP - Justin w/ Empire Flippers here. We regularly sell websites and online businesses from as low as $20K in to the low-mid 7-figures. If you're $6M in sales per year is top-line with smaller margins I think this could fit in well with what we've done. If you're at $6M/year EBITDA this...
  7. empireflippers

    30 year old millionaire but traded my time for money

    Hey Alan! AgainstAllOdds gave some great advice here, IMO. I'll follow on to a few of the things he mentioned or pointed out. The Dynamite Circle (DC) is a great community of expat entrepreneurs. There's more than a thousand members and the signal-to-noise ratio there is favorable as online...
  8. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Thanks for the question, Carlos! We require 6 months exclusivity when listing/selling businesses on our marketplace. This is made clear in our terms and when a seller submits to list with us. We've had a few instances where sellers were looking to sell off-market, but we're pretty good at...
  9. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Thanks! We require 6 months exclusivity on all the businesses we list. It doesn't typically take that long (Especially for the 5 to low-6 figure listings), but some can take longer than others. Most brokers require exclusivity, so if you find one that doesn't you'll likely have to be exclusive...
  10. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Thanks for the questions! 1. I can't remember any deals going through in Scenario 1 you mentioned. I know that we've been in talks and "shopped" the businesses to suppliers before, but some other buyer came along and picked the businesses up. I can't think of any instances where the supplier...
  11. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Thanks for the questions! We do put all submissions through our vetting process. Some require more verification than others, depending on how complicated they are, the number of moving parts, etc. For the most part, we really focus in on the seller, the earnings, the traffic (if any), and the...
  12. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Hey Gigi - thanks for the question! I could go on a serious rant about those who say things like, "I only hire A-players". That advice is about as helpful as saying, "We need to give 110%" or "Follow your passion" - garbage, IMO. I don't actually like the idea of a grading system for hiring or...
  13. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    No problem! Hope it was useful. Happy to answer any other questions you guys have...
  14. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Sure! Plenty of people saying AdSense is dead, for example: Is AdSense Dead? AdSense Is A Dead Horse AdSense Dying A Natural Death (2012) Dropshipping too: Is Dropshipping Dead? Why Dropshipping Is Dead Is Dropshipping Dead? (Here on this forum) We're still listing/selling, today, websites...
  15. empireflippers

    $27M+ In Online Businesses Sold + Managing A Remote Team Traveling Abroad - Ask Me Anything!

    AMA 
    Great meeting with you, man! Glad I caught you here in Saigon before you resumed your travels, hehe. I was a few drinks in when you arrived, but I think you've got our conversation right! :-) I'd just add: When we moved to the Philippines, setup the corporation, etc. we did everything the...
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