How to Buy A Business with No Money Down #1766

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 15 June 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

In episode #1766, we share a few different approaches to purchasing businesses that don’t require you to put any of your own capital on the table. We spoke previously about the value of investing in hard assets during inflationary periods, and a business is another form of hard asset. So if you can get a hard asset right now by spending no money, that is a double whammy. Tune in and hear which types of businesses to look for and how to buy them using seller financing, capital raising, and call options! TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: How to Buy A Business with No Money Down. [00:25] Why the idea that you have to spend money to buy a business is false. [01:05] Use seller-based financing to pay off the seller while you run their business. [02:15] The abundance of businesses to be bought from senior business owners. [02:47] How to raise capital for the downpayment of an acquisition. [03:47] Failing businesses are cheaper to buy but more work to fix. [04:00] Another option in the form of buying a business using a call option. [04:36] Go to marketingschool.io/live to hang out with Neil and Eric in September. Get ad-free listening plus exclusive content with Marketing School Pro. Try for free at www.marketingschool.io/pro Links Mentioned in Today’s Episode: MicroAcquire Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top level marketing tips
0:06.4	and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.8	Let's start leveling up your marketing knowledge with your instructors Neil Patel and Eric
0:16.8	Sue.
0:17.8	All right guys, before we start, we got a special message from our sponsor.
0:24.1	If you want to rank higher on Google, you got to look at your paid speed time.
0:28.6	The faster your website loads, the better off you are with Google's Corvital update.
0:33.2	That makes it super, super important to optimize your site for low time.
0:37.7	And one easy way to do it is use the host that Eric and I use dream host.
0:42.2	So just go to dream host or Google it, find it, check it out, and it's a great way to
0:47.1	improve your low time.
0:48.5	Today, we're going to talk about how to buy a business with no money down.
0:55.2	So when we say no money down, we basically mean zero dollars coming out of your pocket.
0:59.8	There's many different ways to do it.
1:01.7	You know, I've been fortunate enough with the single-grain acquisition.
1:04.6	That was almost no money down.
1:06.0	I paid two dollars, so it was close to zero.
1:08.9	So I think many people, when you think about buying a business, it seems like this really
1:12.3	big undertaking and it is, but they often think that they're priced out because they can't
1:16.8	afford it.
1:17.8	Well, Neil and I want to talk about, hey, there are some ways to buy businesses with no
1:21.3	money down and in the last episode, we just talked about inflation.
	...

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