117: The Fastest Path to Side Hustle Cash Flow?

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 18 June 2015

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

One podcast I've been following for a really long time is the Empire Flippers show with Justin Cooke and Joe Magnotti. It's been fun to watch their evolution from building tiny Adsense sites, running an outsourcing company in the Philippines, selling WordPress themes, and now really focusing in on their website brokerage business. Consider this: it's MUCH easier to buy an existing cash flow than to create one entirely from scratch. In this episode we get into the business model of investing in sites, where to look for these "digital real estate" opportunities, some pitfalls to avoid, and even some creative financing options.

Transcript

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0:00.0	Side Hustle Show 117, the fastest path to Side Hustle Cash Flow.
0:04.0	Welcome to the Side Hustle Show, where aspiring part-time entrepreneurs learn how to turn their
0:10.4	side hustle dreams into reality. Because your night to five may make you a living
0:15.1	but your five to nine makes you alive and now your host Nick Loper. Loper here. Hey everybody, Nick Loper here.
0:26.0	Welcome to the Side Hustle show where it's all about ideas, action, and results.
0:31.4	This is episode 117, the fastest path to side hustle cash flow.
0:36.0	One of the concepts that I like to talk about on side hustle nation is your freedom number.
0:42.0	What's it going to take to get you out of your day job and that is your freedom number, which essentially your monthly expenses on a ongoing basis.
0:54.0	You know, your fixed cost.
0:55.4	How much is the cost to live your life?
0:57.0	And one of the fastest ways to get there,
0:59.9	something we've talked about briefly on the show before but we get to dive into today as well
1:05.6	is the idea of buying a pre-existing cash flow. Why build something up from scratch if you
1:12.3	have a little bit of resources at your
1:13.8	disposal here you can buy an existing business buy something that's already
1:17.2	spinning off money and maybe that's how you're that maybe that's how you get out of
1:21.4	the out of the corporate world out of the cubicle life.
1:24.8	So this episode explores the idea of buying cash flowing businesses in general and websites
1:31.0	specifically.
1:32.0	So my guest has helped facilitate hundreds of website deals, and he's seen it all good, bad, and
1:38.1	ugly.
1:39.1	And so during the call, we get into where to look for sites, how to apply the fix and flip strategy from the real
	...

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