Financial Independence Fast-Track: How to Replace Your Salary by Buying Mini Businesses

11 months ago 80

Stacy Caprio from her.ceo was desperate – her words – to leave her day job. She ended up doing just that after acquiring – and improving – a portfolio of mini online businesses, websites that make money from advertising...

Stacy Caprio

Stacy Caprio was desperate to leave her day job.

She ended up doing just that after acquiring – and improving – a portfolio of mini online businesses. In her case, these were websites that make money from advertising.

Now, this asset class can be risky, and Stacy is open about her early failures.

But if you have some online skills, (or management skills to bring people in if you don’t want to run the site yourself) this can be a fast-track to the cash flow you need to fund your lifestyle.

Since websites often sell for 20-30x monthly earnings, they’re perhaps 10-15x “cheaper” than if you were to rely solely on traditional investments and a 4% withdrawal rate.

Sound like the kind of investment that suits your lifestyle?

Tune in to episode 323 to hear where Stacy finds these businesses to buy, her unique filtering criteria, and a few quick ways she’s been able to accelerate the cash flow of her portfolio for even better returns.

financial independence fast-track

Free Bonus: Download Stacy’s Top Tips For Buying, Improving, and Managing Online Businesses

Podcast Highlight Reel Cover 250

Download the Free PDF Highlight Reel

Inside you'll find all of Stacy's top tips to start a profitable virtual consulting business.

Sweet!
Where should I send Stacy's top tips from this episode?

I'll also send you my best side hustle tips and weekly-ish newsletter.
Opt-out anytime.

Sponsors

Gusto – Get 3 months free when you run your first payroll!

Factor — Get 50% off America’s #1 ready-to-eat meal delivery service w/ code sidehustle50!

Factor Meals

Kababi — Start your 30-day free trial today!

kajabi

Freshbooks.com – Start your 30-day free trial today!

freshbooks-logo

Learn:

How Stacy got into website investing. How she learned from mistakes made in her first two site purchases. The criteria she uses when evaluating a site. Her tips for finding a profitable site for the best price on marketplaces. How the site ownership transfer process works. The ways she improves and doubles the revenue of a site after buying it. Stacy’s #1 tip for Side Hustle Nation.

Links / Next Steps

Her.Ceo Flippa Niche Pursuits Authority Hacker A Small Orange Tools.Pingdom Cloudflare Monumetric AdThrive Ezoic Backlinko Domain Flipping
Podcast Highlight Reel Cover 250

Download the Free PDF Highlight Reel

Inside you'll find all of Stacy's top tips to start a profitable virtual consulting business.

Sweet!
Where should I send Stacy's top tips from this episode?

I'll also send you my best side hustle tips and weekly-ish newsletter.
Opt-out anytime.

Looking for More Side Hustle Help?

Start Your Free $500 Challenge. My free 5-day email course shows you how to add $500 to your bottom line. Join the free Side Hustle Nation Community. The free Facebook group is the best place to connect with other side hustlers and get your questions answered. Download The Side Hustle Show. My free podcast shares how to make extra money with actionable weekly episodes.
side hustle show cover art

The award-winning Side Hustle Show is a
Top 10 Entrepreneurship podcast
with over 1,100 5-star ratings!

5-star rating

Listen in your favorite podcast app or directly in your browser.

listen on spotify
listen on overcast listen on podbean

Pin it for later:

how i replaced my salary


View Entire Post

Read Entire Article