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Invest Like a Boss

144: Own Your Future – Digital Assets, with Flippa CEO Blake Hutchison

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 22 May 2020

⏱️ 100 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Blake Hutchison is an accomplished entrepreneur and the CEO of Flippa, a marketplace for buying and selling online businesses, based in Melbourne, Australia, and San Francisco. Prior to Flippa, Blake was the general manager and chief revenue officer of Luxury Escapes and head of strategic partnerships at Xero. Blake was also the founder of GOOD44, a venture capital-backed specialty food marketplace helping small business owners target a new customer base.

In this episode, Blake will share his experience with buying and selling domains including other digital assets. Find out how to successfully invest in this space and what you need to know before buying a new website. Listen to the end to learn about new online business opportunities.

Where we are:

Discussed:

Sponsor:

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*Johnny and Sam use all of the above services personally.

Time Stamps:

  • 01:03 - Adjusting to the stay-at-home recommendations
  • 10:30 - A background and introduction to Blakes Flippa organization
  • 19:55 - Flippa's buying and selling process
  • 29:50 - The process of buying any digital business
  • 32:08 - “The reality is that digital assets is where people will look to spend their time.” - Blake Hutchison 
  • 40:08 - Thoughts on Amazon Affiliates lowering their commissions and how you can adjust for this
  • 50:08 - Some of the top sites to buy right now
  • 1:11:11 - “It’s less about how many views your listing had, it’s more about pinpoint matching.” - Blake Hutchison
  • 1:12:47 - Getting sale notifications through Shopify stores
  • 1:19:08 - Discussing massive new online business opportunities

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Copyright 2020. All rights reserved. Read our disclaimer here.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey bosses, before we get started, this week, I would like to thank you guys for supporting

0:06.4

the show, leaving all these amazing reviews on iTunes, and for all of our new Patreon supporters,

0:13.2

go to invest like a boss.com, click on support the show on the top right of your Patreon,

0:18.6

and check out all the benefits.

0:22.6

Welcome to the Invest Like a Boss podcast.

0:24.8

I'm Sam Marks.

0:25.6

And I'm Johnny FD.

0:26.7

We're self-made entrepreneurs who invest our own money and use modern technology to invest

0:30.2

like a boss.

0:31.1

Join us each week for exclusive interviews with our network of modern investors,

0:34.5

business owners, and multimillionaires to discover new ways to invest our

0:37.7

hard-earned cash.

0:40.8

Hey bosses, this is Johnny FD, and welcome to episode 144 of the Invest Like a Boss podcast.

0:47.2

I am still in Sri Lanka and Sam is back in Charlotte. Welcome to the show. God, our life is

0:52.8

boring, dude. Boring. I feel like I've been in this

0:56.2

box for five years. Take me out of this cell. You know what? Speak for yourself, but I actually

1:02.1

moved locations in Sri Lanka. I'm actually in a co-working space right now. I moved to the

1:08.6

only co-working, co-living space in the south of Sri Lanka,

1:12.5

and it's been awesome. I've been surfing every day. I'm living with four European girls,

1:19.6

three of them are yoga teachers, and it's been tons of fun. God. I was hoping the story was going

1:26.3

to go something more like the Sri Lanka family that was feeding me every day, decided they didn't want to feed me anymore and I had to relocate.

1:35.4

No, but to be honest, it was a hard decision to move. Even though it's only a 15 minute drive down the road, I was so comfortable in my old place that I was scared to leave it,

...

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