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Entrepreneurs are not born; they’re made. From plumbing to spearheading an online business, Jaryd Krause managed to make money online by ditching the plumbing life and went to Egypt to do photography, which he dearly loves. Later on, he had this amazing light bulb moment—to help people find the best online business that works for them. Jaryd reminds us to never settle for single-source dependency and to always fill your cup with overflow.
In This Episode:
- [01:04] What Jaryd did before his entrepreneurship breakthrough
- [01:41] The struggle he encountered on his previous job
- [03:00] Jaryd talks about his first online business
- [04:09] Jaryd on his brilliant idea on how to make money online
- [05:00] The light-bulb moment of buying websites with proven income
- [08:48] Buying an online business for a good investment
- [10:18] The different business models of different websites he bought
- [14:23] His advice in buying an online business
- [17:06] Why it is important to talk to business owners before buying
- [24:07] Say no to making a business with single-source dependency
- [26:12] The safety net when it comes to online business
- You can google ‘website brokers’ and buy the ones that you can see that have great reviews and built a good reputation.
- You have to know what’s going to suit your lifestyle goals, which is very important, because we’re getting into business usually for a good lifestyle.
- The first step is finding out your goals, your guidelines, learning those business models, going off to the brokers, and learning how to do due diligence.
- Never purchase something that has a single-source dependency, unless you can carry the risk for a short period of time where you can decrease or even remove that single-source dependency.
Meet Jaryd Krause
Jaryd Krause used to be a plumber working 60+ hours per week and hated it. Fast forward to today and he now owns multiple online businesses himself and many of his clients earn thousands to tens of thousands of dollars per month from their business they bought working with Jaryd. His Buying Online Businesses Podcast is rated in the top 3 best passive income podcasts online.
Buying Online Business Podcast: https://podcasts.apple.com/podcast/id1455428116
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