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Flipped Lifestyle™ Podcast

How To Sell Your Online Business!

Flipped Lifestyle™ Podcast

Shane Sams

Entrepreneurship, Business

4.9575 Ratings

🗓️ 18 April 2023

⏱️ 48 minutes

🧾️ Download transcript

Summary

We help people start, build, and grow online businesses. Sometimes there's one more step: SELLING!

In today's episode, we discuss:

  • Why do people sell their businesses?

  • How to make your business more attractive to buyers

  • What to keep in mind when deciding to sell your business

  • The emptiness that can occur after selling

Today's guest on The Flipped Lifestyle Podcast is Jason Yelowitz of QuietLight.com! Jason helped Shane & Jocelyn sell one of their first membership websites for 7-figures!

Jason goes into the process of selling your membership business and why you should! He talks about what you can do from the beginning to make your business attractive to buyers if you ever decide to sell!

There's tons of value in this episode of the podcast because we're also answering a question from the Flipped Lifestyle Community forums!

  • What is the most effective way to create a content calendar?

Register For Flipped Lifestyle's Start Your Online Business Challenge: flippedlifestyle.com/register

We would love to have you as a member of The Flipped Lifestyle Community!  We believe you have God-given talents and experiences you can use to start an online business!  All you need is 100 people to pay you $50/m online to make $5,000/m, $60,000/y!  Let us help you start a membership of your own. Click here to learn more: https://flippedlifestyle.com

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Flip Lifestyle podcast, where life always comes before work.

0:07.0

We're your host, Shane and Jocelyn Sam.

0:11.0

We're a real family that figured out how to make our entire living online.

0:15.9

And now we help other families do the same.

0:19.0

Are you ready to flip your life?

0:20.9

All right.

0:21.6

Let's get started.

0:23.6

Man, I love membership websites and I love selling websites.

0:28.3

My wife, Jaws and I, one of our first memberships was called Elementary Librarian.com.

0:33.4

And we sold that website on a seven-figure contract back in 2017. And the guy that helped me do it,

0:41.9

helped me and Jocelyn sell that website is my guest today. His name is Jason Yellowitz. I will never

0:46.8

forget that experience because one, it was smooth as anything, man. It was amazing because it was

0:51.0

just like, you knew what you were doing. And we just followed you because we had no clue what we were doing.

0:56.4

But I remember the people we talked to, man, we talked to, there's all these crazy

1:00.6

stories and so many different people of like coming in and out of these people buying these

1:06.3

sites.

1:06.9

And I was just dumbfounded that this whole other world existed of these people just scooping up

1:13.0

these businesses like from all over the world. Yeah, you're not the only one. I mean, you know,

1:18.4

when I went from being an entrepreneur to being a broker, my first thought was I don't want to

1:23.3

share my information with anyone. All they're going to do is steal what I'm doing. There's no one out

1:28.1

there buying this. I was wrong. There are, I mean, our list of buyers is tens of thousands of people.

1:36.2

And last year, I think the range of business sizes we sold, I think it went from about 16,000 bucks to

...

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