Matthew Bishop’s Post

There’s Big Money In Buying Boring Businesses. Here are 7 sentences that teach you about it: 1. Boring businesses are generally sold for 2-4x annual profits. 2. The less sexy a business, the lower the multiple. 3. The owner's child doesn't want to take over the unsexy janitorial business. 4. You can make big money because you can buy the business on leverage without personal risk by asking for seller financing. 5. Thousands of people who have bought over 10 profitable boring businesses for zero dollars out of pocket. 6. Adding just one working marketing channel can double the business. 7. There are millions more sellers than buyers when it comes to boring businesses. P.S. Someone can describe to you exactly what a mango tastes like, but you never know how it tastes like until you've tried it. You can intellectually understand that this works, but when you've actually bought a profitable business, you'll see how it's magic. -- Enjoy this? ♻️ Repost it to your network and follow Wayne Yap for more. P.P.S I did pay money out of pocket for the business in the picture and then took it from $2500 MRR to $340k MRR in 31 months. I started a newsletter and you can join the 23 people at https://lnkd.in/gjWPcrKC because it's lucky to be early.

Attention all entrepreneurs and business owners! 🚀 Are you looking for a unique and memorable domain name for your business? Look no further than Door.lat! 🔍 Door.lat is a premium domain name that is now available for sale. This domain name is perfect for anyone looking to create a website or online platform related to doors, entryways, or even real estate. The .lat extension gives it a unique and international flair, making it stand out from the crowd. 🌎 Why choose Door.lat? 🤔 🚪 Door.lat is a short, memorable, and easy-to-spell domain name that is perfect for building a brand around. 🏠 It's a versatile domain name that can be used for a variety of businesses related to doors, entryways, or real estate, such as a door manufacturing company, a locksmith service, or a real estate agency. 📈 Door.lat is a valuable asset that can help you establish credibility and authority in your industry. 🚀 With Door.lat, you'll have a unique and memorable domain name that will help you stand out from the competition and attract more customers. 💰 Door.lat is a smart investment for anyone looking to build a successful online business in the door and entryway industry. If you're interested in purchasing Door.lat, please contact me via direct message. 📲 Let's discuss how Door.lat can help take your business to the next level! 💥 #DoorLat #PremiumDomain #DomainForSale #DoorIndustry #RealEstate #OnlinePlatform #BusinessOpportunity

Are you building a brand or a business currently? Read this! Build for the future! You could own a million dollar mansion now if you started earning some years ago. You could own a 120k email list if you started building long ago. That's how it is! So if you're building now, don't despise the little beginnings. Keep the big picture in view. The end goal. That's a good fuel. You'll always need it. #Thursdaymotivation #build #business

To get new customers is hard. Business owners keep spending money on acquisitions. And that's alright. But there's one thing you're missing. Picture this... Your customers come to your websites and immediately go back. Your website takes forever to load. You have a bad offer. You have a bad UVP. You have bad UX. But you keep spending money on acquisition... Why not focus on what you have already? If you can't take care of old customers... You can't get new ones. Focus on giving your customers the best service. • Give them an offer they won't say no to. • Give them a frictionless journey. • Care genuinely for them. • Focus on only them. Traffic is not the end of your work as a business owner. It's just a part of it. Conversion is the ultimate goal. And that's what CRO is all about. Optimizing your websites for maximum conversions... Without spending additional cost on marketing. Funny right 😂 I talk to many businesses and they don't have the idea of CRO. And I don't blame them... The system wants you to continue spending money on marketing. But in CRO we use what you already have and get you what you want. Conversions. And that is why I have an offer for 3 businesses today. Send me a DM with your website URL and your conversion goal. And I'll send a personalized video on what you can improve on to drive more conversion. Offer ends today.

Starting from scratch, these shop owners explain how they put their businesses on top.

Read our guide to starting your Florida business in 11 steps, from naming your business, to choosing a business structure, to marketing your brand. How To Start a Business in Florida: 11 Essential Steps https://lnkd.in/eTjAsdRZ

Why Did We Create The HireYourBestBoss.com Website? Where do you turn when you have a question about franchise ownership? There is a LOT of information online. The challenge is ... Who should you trust to provide you with timely, honest information?   Will the information you find be relevant to where you are on your exploration journey? What if you don't know the right question to ask to find the answers you are looking for? We addressed all of these questions (and more) on a website we call HireYourBestBoss.com It is your ONE source of information for all things related to investigating owning a franchise. https://lnkd.in/gh7EufzV

Starting a business has never been more accessible – and the new year is when so many people start that damn business they've been dreaming of. For anyone out there about to take the plunge into selling stuff on the Internet, we're behind you 👊 Better still, we've got some practical tips to help get you started 👇 https://lnkd.in/eGn9kKxt

Why Did We Create The HireYourBestBoss.com Website? Where do you turn when you have a question about franchise ownership? There is a LOT of information online. The challenge is ... Who should you trust to provide you with timely, honest information?   Will the information you find be relevant to where you are on your exploration journey? What if you don't know the right question to ask to find the answers you are looking for? We addressed all of these questions (and more) on a website we call HireYourBestBoss.com It is your ONE source of information for all things related to investigating owning a franchise. https://lnkd.in/gh7EufzV

Some people ask why anyone would sell a profitable website or online business. Here are a few reasons: ✅ To free up time ✅ To cash out ✅ To get capital for another project ✅ To sell while trends are positive ✅ You've taken the business as far as you can ✅ Loss of interest ✅ Life/family changes If you've sold a site, why did you do it?