Domain Magnate Founder and CEO Michael Bereslavsky

Alts

English - March 17, 2022 13:26 - 42 minutes - 97.4 MB
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Horacio spoke with Michael Bereslavsky, Founder and CEO of Domain Magnate. Domain Magnate is an online business brokerage specializing in the buying and selling of viable business websites. Domain Magnate also has an online business fund open to accredited investors. In this episode, Michael and Horacio talk about the nuances of buying online businesses – including the skills needed to start a business and keep it running and what he looks for when acquiring an online business.

Discussion topics include:

The growth and changes in acquiring online businesses

Adapting to the online business industry

Combining business metrics with a gut feeling for what will work

Starting with small websites to understand how online businesses work

Monetizing websites through research and researching competitor websites

Financial courses and programs that can help emerging entrepreneurs

Three different Domain Magnate Funds and their investment requirements

The benefits of having previous business owners as investors

Risks involved with buying online businesses including being delisted by Amazon

Selling and buying domain names

More businesses and people going online