Zero to $1.1B from Flipping Websites
Рет қаралды 220,220
Күн бұрын📚 Make Your First $1 (10x Faster) with Case Studies - www.starterstory.com/?...
📩 Business Ideas Newsletter (free) - www.starterstory.com/newslett...
In this episode I talked to Thomas Smale in his New York City Office to get his story and some advice on how to buy and sell businesses. He's done over $1B dollars in sales without even knowing how to develop a website, and he shares his advice on how to flip businesses, how to negotiate, and how he would start again if he had $0 dollars. This is a perfect episode for anyone who is hesitant on starting a business, and would rather buy one and build it from there.
0:00 - Intro
0:49 - Getting into M&A
2:50 - Self-taught website flipper
4:17 - How he started an M&A firm
5:40 - Using the Pareto Principle to make more money
6:36 - How to buy a business
8:02 - How to spot good businesses
9:46 - Selling a $10M+ business
10:41 - How he got the 8-figure deal
11:23 - How much profit he makes per deal
11:56 - How to value a business
12:56 - Buying a business VS starting one
14:26 - How to negotiate
16:33 - How to buy a business from scratch
🔎 Find Thomas
🐦 Twitter - / thomassmale
💼 Website - feinternational.com
SUBSCRIBE for weekly videos: www.youtube.com/ @starterstory
SOCIALS
📸 Instagram - / starter_story
🐦 Twitter - / thepatwalls
@clarkzy 3 ай бұрын
I love how he was honest and said ‘I thought I could just not do anything, or just sell courses’ - clearly that’s what everyone thinks now You no longer need to get rich and teach others, you pretend to be rich, teach others and in turn get rich
@tedsalt2212 Жыл бұрын
I found your channel through shorts a while back and subscribed and these new longer form videos are great content, its only a matter of time before the videos blow up they're so good and provide so much value so keep up the hard work and keep posting its only a matter of time before other people start getting recommended these videos!!!
@starterstory Жыл бұрын
Thanks so much Ted. We're just getting started :)
@markmarramusic Жыл бұрын
Bot
@40ny 10 ай бұрын
I remember hearing an interview between Thomas Smale and Michael Cyger on the Domain Sherpa podcast many years ago when he was still at the website flipping stage. It's interesting to see how far he's progressed.
@mustafakhundmiri1675 Жыл бұрын
Hey Pat, your channel is quickly becoming one of my favorites. Love the quality of your videos. Keep up the great work!
@starterstory Жыл бұрын
Thank you Mustafa!
@lescommercantesdindochine1954 Жыл бұрын
LOLZ
@zoranls Жыл бұрын
Congratulations man, solid video.
@dniprokids531 5 ай бұрын
Its February 2024 and the algorithm has brought me this😮. I've been looking for such content for a while. Keep up the great work
@sandoumir4348 Жыл бұрын
Make sure your purchased positive comment flooders don't all use the same phrases. It is just way too obvious now.
@mpaso111 3 ай бұрын
Yo I am in love with your content bro, thanks I love this format. I am sure by the time you reach a million subscribers, there are going to be great success stories inspired by this channel . Thanks again, you are doing God's work.
@arielzamler Жыл бұрын
Accurate and exactly to the point, great video im subscribed from now on :)
@starterstory Жыл бұрын
Welcome aboard!
@ririzzz8643 9 ай бұрын
He advice are so down-to-earth!
@toddnfinley Жыл бұрын
You see a Starter Story video you click. Simple. Great video as always!
@starterstory Жыл бұрын
Thank you Todd!!
@TheGooglySmoog Жыл бұрын
"ANYONE CAN GET RICH" is the trademark of a scam or the possible.
@kingboji958 Жыл бұрын
Anyone can get rich tho. Not everyone, but anyone.
@Roman-uy7qp Жыл бұрын
@@kingboji958 this one
@krisb-travel Жыл бұрын
Yep another scammer
@contaalt4742 Жыл бұрын
M&A advisory is basically a brokerage, where they connect sellers and buyers of a business, there's an actual market for it.
@TheGreatEscape77 Жыл бұрын
Well... theres plenty of money togo around.. literally too much money actually (inflation) sooo.. yea anyone can get rich but it does take effort and yes a lil bit of Luck too.
@hansana0 Жыл бұрын
Love your videos. ❤️❤️❤️
@starterstory Жыл бұрын
Thanks :) what do you like about 'em?
@web.mayk3l 2 ай бұрын
Very good video, many things to take note of!
@FlorinPop Жыл бұрын
I'm so happy to see you give KZfaq a shot! In a year you'll be well over 100k subs and you'll see the power of it! 😁
@starterstory Жыл бұрын
LFG 🚀
@toptenyoutubetop10list28 Жыл бұрын
lol, u are the twitter guy
@fluiddynamics389 11 күн бұрын
I wish you had more of an online presence like you used to
@FlorinPop 10 күн бұрын
@@fluiddynamics389 me?
@reer438 Жыл бұрын
Nice video and he seems pretty humble with the success. Great down to earth advice. Have subbed
@starterstory Жыл бұрын
Thanks for the sub!
@dennisb.3485 Жыл бұрын
Great advertising video. This is all basic business theory and concepts that most people with an MBA understand. How do you flip websites...never answered. Not interested in how much he makes or is worth. What are the executable mechanics to flip a website. Oh, I get it buy his books or spend money for the online course. C'mon man...
@sandoumir4348 Жыл бұрын
And isn't it weird that all the positive comments say the exact same weird thing that has never been commented on any other youtube video ever? Just for giggles count , for example, 'this channel will blow up".
@thomassmale2126 Жыл бұрын
I dont sell books or have a course
@ImmaUseThisChannel Жыл бұрын
@@sandoumir4348if you have never seen people happy that one of their KZfaqrs channel is growing then you are either not on KZfaq often or you are very very sad person who only searches for negativity. It’s absolutely no way you think being happy someone’s channel is blowing up is a problem.
@sandoumir4348 Жыл бұрын
@@ImmaUseThisChannel not at all what I said. Try to react to something I actually did say.
@DT-ip4db Жыл бұрын
If you actually watched the video Thomas sold a book and a course when he was flipping websites, since he is now flipping businesses he is way past that level
@plantylabco Жыл бұрын
This channel is full of gold
@henriqueabreu4436 11 ай бұрын
Nice interview! Nice channel! Hugs from Brazil! ❤🇧🇷
@starterstory 11 ай бұрын
Thank you! 😃
@MokusGreen Жыл бұрын
Amazing good content - Guys let's start
@starterstory Жыл бұрын
Thanks for your feedback 👍
@jayeagans5097 Жыл бұрын
Wow.. this is exactly what I do and everything he said is on point. My company manages just under a million dollars in digital assets.. This video just got ur channels a sub from me and I'm going to watch this a few more times..
@starterstory Жыл бұрын
Thanks Jay! See u around :)
@williampayne271 Жыл бұрын
How do you get started in this type of business?
@leowzhilin Жыл бұрын
@@williampayne271 I'd like to know too
@4amwaj Жыл бұрын
How can I sell my digital company to you Jay?
@suas2655 Жыл бұрын
@@4amwaj how much you are seeking ?
@realsoldierofallah Жыл бұрын
Your going to grow to over a million subscribers by the end of the year i can see it. Keep being consistent such a w concept for a video, and a w concept for a channel
@starterstory Жыл бұрын
THANK YOU
@realsoldierofallah 5 ай бұрын
Told you you're going to grow fire 🔥
@nesrinemly1538 11 ай бұрын
this channel deserve millions of subscribers❤i love it
@starterstory 11 ай бұрын
Thank you ❤❤
@philipfriis Жыл бұрын
This content is milliondollar content - great insight, perspective and lessons; all for free - thank you!
@starterstory Жыл бұрын
Thank you! That's the goal :)
@coolpfpbut9505 Жыл бұрын
How did you gain connections with these people? Who is on your team? Editors or just you?
@2minutepodcast Жыл бұрын
Incredible content. Keep pushing, this will blow up.
@starterstory Жыл бұрын
Thanks! More to come :)
@markmarramusic Жыл бұрын
Bot
@arpanbag001 4 ай бұрын
Suggestion: Cover failure stories as well. They will be of great knowledge.
@DevinTryanHi Жыл бұрын
Pat, this channel is pretty awesome. Great name. Keep it up.
@ianLord77 Жыл бұрын
Nice, informative video/interview, keep up the good work.
@bestkitchenreviews6346 5 ай бұрын
This was really inspiring. Thank you! I just subscribed...Cheers!
@DylanSigleydropservice Жыл бұрын
Probably the best channel on building business stories on KZfaq right now
@rexOJax Жыл бұрын
This channel will blow up very soon 🔥 .. Keep up the dedication brother 💯..
@starterstory Жыл бұрын
Thank you :)
@noumansabir3948 Жыл бұрын
Hi Pat, glad the video came into my suggestion :) Love from Pakistan!
@lityoshii1086 Жыл бұрын
Love ur channel
@starterstory Жыл бұрын
Thank you! What do you like about it?
@CD9688 10 ай бұрын
So when people start there business or finally have the funds to purchase their domain name, he has already purchased it and sells it to them at a inflated price?..
@donaldva Жыл бұрын
Subbed!
@stephenhendricks Жыл бұрын
This video has so much good information
@MiteshParmar Жыл бұрын
Great video. M&A is my goal and the video makes a lot of sense.
@patarap8776 5 ай бұрын
Great content! Please consider publishing longer deep dive videos. Cheers
@eleojimenez6398 Жыл бұрын
5:50 4:40 5:30
@wednesdaysangel1 Жыл бұрын
I really bet the IRS wants a piece of that action
@DoHelpGetHelp Жыл бұрын
hi your subjec is not focus but quality of content is nice
@FoolishFounder Жыл бұрын
nyc " Fansty highrise " looks like a hospital 😂
@jzk2020 10 ай бұрын
Alex said something similar... quickest way to make a million.... buy something worth $5 million for $4 million, then sell it for $5.5 million or something.
@starterstory 10 ай бұрын
True that!
@richmadrid9563 Жыл бұрын
This is almost the same thing that I did back in college, wherein I buy something like a perfume or an electronic item, then flip it for something more of value, then flip it again for something else or for more money!
@Neverhood. Жыл бұрын
Positive and Motivational Thought: "Thomas's inspiring journey from flipping websites in his college dorm room to selling over $1.1 billion worth of online businesses reminds us that with dedication, resourcefulness, and a thirst for knowledge, we can achieve remarkable success in the world of entrepreneurship. Embrace the opportunities available today, leverage your skills, and never underestimate the transformative power of starting small. 😊🚀" Question for the Public: "Have you taken a website flipping course or ventured into website flipping as a beginner? If so, we'd love to hear about your experiences! What challenges did you face, and what valuable lessons did you learn along the way? Any advice for someone looking to start their journey in website flipping? 😃✨"
@casperven5109 Жыл бұрын
Great video
@punkisinthedetails1470 Жыл бұрын
How did he figure out how to buy and then how you have and then sell the actual rights
@punkisinthedetails1470 Жыл бұрын
How do you buy a blog without having to write the blog once you buy it
@nochance7417 Жыл бұрын
amazing video
@Hebrews.11.1.3 Жыл бұрын
Sub'd & turned on 🔔 Very good stuff.
@Unknown-zs8ex 4 ай бұрын
can this type of business be done from anywhere in the world?
@jadc4050 4 ай бұрын
Where can I find a business to buy for $100,000?
@king_cj Жыл бұрын
So basically he randomly discovered this niche, then was lucky enough on the start and now he is millionaire. Probably its feels good when you lucky enough to get 500% roi, but 95% of us peasants will newer know
@thomassmale2126 Жыл бұрын
Have you tried?
@king_cj Жыл бұрын
@@thomassmale2126 yes. Do you want to buy domain with da 33 only for 200$?
@user-ef9om6wj2q 10 ай бұрын
Where can i find the book o buying online business
@starterstory 10 ай бұрын
Google it.
@Pedro_Rubio Жыл бұрын
Your channel is amazing! Question - Does he have a Master Class that he sales? Where can I find it?
@thekingdom845 Жыл бұрын
great video! I would also look up Roland Frasier and he teaches how to acquire businesses for $0 out of pocket where you actually leverage the business assets to buy the business. You don't need money to buy a business like this guy is suggesting.
@thomassmale2126 Жыл бұрын
You do if you want anything good. Ask Roland if he has personally been involved $1bn in deals... nice shill though
@d1btd3265 Жыл бұрын
@@thomassmale2126 that escalated quickly.
@thekingdom845 Жыл бұрын
There are many businesses that can be acquired with no money out of pocket, there are over 200 ways to acquire a business leveraging the business itself you just need to think creatively and deal with off market deals and have a motivated seller.
@thekingdom845 Жыл бұрын
This doesn’t mean there’s no cash involved on closing it just means it doesn’t have to involve your own money.
@thekingdom845 Жыл бұрын
The intention with my reply is not to be confrontational it’s to empower the viewer here to know that you don’t have to have cash to do business acquisitions. You just need to have the mindset of #1 knowing what you want to acquire and why and then #2 reaching out to those businesses that match that criteria #3 working together with that motivated seller to get what they actually need from the exit and also for the buyer as well. It’s all about the win win and that’s why doing business acquisitions is great because you can get creative on how to get the deal done without having to risk your own cash and create a win win situation for all
@faizandhami Жыл бұрын
Proof?
@andredei8492 Жыл бұрын
Which camera are you using? I like the video quality.
@Mahadev-jb8yf Жыл бұрын
Great stuff❤ how can we work with him ?
@VikingMarketer Жыл бұрын
Damn have been years since I talked to him. I talked to him before he started that business
@jzk2020 10 ай бұрын
He's giving MeatHead vibes from BHW.
@everything4352 Жыл бұрын
What was the website about?
@Crus0e Жыл бұрын
Remember us when you blow up 🙏
@LoftyGives Жыл бұрын
im here before this channel gets 100k+🎉
@surferadi96 Жыл бұрын
Meathead from BHW!!!
@AliShan-yd6sv Жыл бұрын
I do the same and make $1M easily.
@krisb-travel Жыл бұрын
Ah yes the typical scammer who does something cool and because he’s nice he can teach you too in his masterclass
@liquidfootballonline Жыл бұрын
Misleading title. The guy made money helping other people sell their business NOT flipping websites all the way up to 1 billion like the title implies.
@Daniel-qz8bp Жыл бұрын
Ahh he sells a e course😂 Thats how he makes money, dont fall for it kids.
@thomassmale2126 Жыл бұрын
I dont sell courses...
@sandoumir4348 Жыл бұрын
@@thomassmale2126 no. You just sell a bunch of gibberish in story form. And you're just not even good at doing that.
@thomassmale2126 Жыл бұрын
@@sandoumir4348 this is not my channel. I make my money selling businesses, $0 revenue last year from selling courses or "story form" content.
@sandoumir4348 Жыл бұрын
@@thomassmale2126 amazing how terrible you are at reading, though.
@thomassmale2126 Жыл бұрын
@Sandou Mir why don't you get interviewed on the channel and show everyone how smart you are?
@Willopo100 Жыл бұрын
loool
@relaxinggospelmusic2421 2 ай бұрын
😄
@ikeharris8596 Жыл бұрын
One human got lucky with this business model and made billion dollars via this, it also means that a billion ppl failed this job so just watch it dont try it
@toptenyoutubetop10list28 Жыл бұрын
who buys websites, lol. amazing for this guy tbh
@megapromo3771 Жыл бұрын
Meathead from BHW
@numirodi5855 Жыл бұрын
If he's selling this course, it means that this hustle is stalling. Makes sense, there's a recession coming
@thomassmale2126 Жыл бұрын
I am not selling any courses - but keep on hating :)
@essa-khan Жыл бұрын
Nothing is stalling , and no market is ever saturated , it's only the person determination to keep on trying new ways , learn faster ,and learn from the best in business to save time
@decaprio7421 Жыл бұрын
Lol...aahhhhh, another bs story with a rented out office lol 😆 🤣 😂 🙄
@thomassmale2126 Жыл бұрын
what is bs?
@andreas_tech 4 ай бұрын
Using flippa....?! 😂
@Veenforwin Жыл бұрын
Watched it twice and still dont have an idea what this guy is doing😂😂😂😅
@Icedanon Жыл бұрын
You can learn if you just buy his course.... 😂
@thomassmale2126 Жыл бұрын
@@Icedanon haven't sold a course for over 10 years now - perhaps watch the video before commenting?
@Icedanon Жыл бұрын
@thomassmale2126 I did, and much like everyone else in the comments, I found it hard to get anything of value out of it. It's par for the course for a video like this to offer a course. So maybe what you want is for me to check the info and make sure you're not offering a course before I make an assumption. Which I don't care about you enough to do.
@thomassmale2126 Жыл бұрын
@@Icedanon sorry you didn't find it useful but no need to look: I don't sell a course(s)
@girolamolonardelli838 Жыл бұрын
What is his business name? I have a brand to sell (1.4mln revenue)
@starterstory Жыл бұрын
FE International
@Vishnu..480 Жыл бұрын
How much he invested
@starterstory Жыл бұрын
$100
@Vishnu..480 Жыл бұрын
@@starterstory how ONLY $100 to make billions how it's possible
@Lotanna20 Жыл бұрын
@@Vishnu..480 very possible with Discipline and compounding.
@josuastangl7140 Жыл бұрын
@@Vishnu..480 he flipped his way to the top, but he only sold $1b in businesses. He didn't earn $1b for himself.
@andrewcecce Жыл бұрын
He said a whole lot of nothing
@HlumeloNdoni Жыл бұрын
I dont understand why KZfaqrs never link out to the people they're interviewing like wtf bro
@jarrodpairgin6886 Жыл бұрын
This business model is scummy af. But the numbers dont lie
@sandoumir4348 Жыл бұрын
The numbers are also just fictional.
@thomassmale2126 Жыл бұрын
@@sandoumir4348 what is fictional about the numbers?
@sandoumir4348 Жыл бұрын
@@thomassmale2126 all of it. Not really sure why you feel the need to come so agressively to the defense. If any of it is believable there is no need whatsoever to do that.
@lescommercantesdindochine1954 Жыл бұрын
Sham
@moneymanifestation9505 Жыл бұрын
Yea that's a office of a billionaire 😂
@thomassmale2126 Жыл бұрын
closing over $1bn of deals does not make me a billionaire...
@sandoumir4348 Жыл бұрын
@@thomassmale2126 agressively defending a pointless utube vid makes you not a billionaire.
@thomassmale2126 Жыл бұрын
@@sandoumir4348 at no point have I ever claimed I was. Most people comment without watching the actual video...
@sandoumir4348 Жыл бұрын
@@thomassmale2126 you really have a problem with reading. Don't you? Because I never said you are. That was the other guy. Are you always this confused?
@moneymanifestation9505 Жыл бұрын
@@thomassmale2126 that's exactly what the click bait title says 🤡your not even a millionaire because they're not KZfaqrs 🤣this is basic fraud
@profh9382 Жыл бұрын
He, and his entire floor he rents is full of complete nonsense.😂
Matthew Pollard - Rapid Growth® Coach
Рет қаралды 9 М.