How to buy a website for $1000 and sell it for $10k - James Camp | E44

James Camp is a serial entrepreneur, growth expert, and startup mentor. He sold his largest business, a strategy consulting firm, in 2020 for $31 million. Since then he has been focusing mostly on flipping websites. He typically buys content websites for a few thousand dollars, increases their value, and then sells them for significantly more. In the episode we talk about his exact website flipping process, what are the pitfalls, and where he sees opportunities for entrepreneurs who want to buy a business instead of building it from scratch.

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TIMESTAMPS:

00:00:00 Intro
00:01:00 How common are failures in business
00:02:30 Why wins matter in business
00:05:50 Difference between entrepreneurs and freelancers
00:07:00 How to determine whether your business will fail or succeed
00:13:00 Why Twitter is important for founders
00:15:50 From zero to million with website flipping
00:21:30 How to flip websites 00:22:30 Where and how to buy websites
00:29:00 What kind of websites you should buy
00:31:30 How to optimize websites
00:34:30 How to optimize website traffic
00:44:00 AI copywriting
00:50:00 Buying vs building a new business
00:52:00 How to sell a website
00:54:30 James's BIG exit
01:03:30 James's plan for the future

RESOURCES:

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RECORDED: 6.4.2022

VIDEO: htthttps://youtu.be/B3IjbHeeAgE

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Marketing and postproduction: Tom Zorman (https://www.linkedin.com/in/tom-zorman/)

YouTube thumbnail: Filip Urek ([email protected])