Create a Marketplace for Business Acquirers and Operators with Michael Bereslavsky

<p>If you like the show, please <a href="https://podcasts.apple.com/us/podcast/run-with-it/id1477133536">leave a review on Apple Podcasts</a>!</p><p><b><strong>Nuggets:</strong></b></p><ul><li>Many investors who buy a business trip up over simple operational details (e.g. forgetting to renew a domain name). Michael has seen this happen time and again.</li></ul><p><b><strong>Action Steps:</strong></b></p><ol> <li>Generate your opportunity to break into the space:<ol> <li>Start a podcast</li> <li>Host an event</li> <li>Connect with recruiters who can source talented business managers</li> <li>Buy an existing business with the audience you want to serve</li> </ol> </li> <li>If you’ve connected with a recruiter you can understand their fee structure, add a profit margin and use this information to sell this service to your first Investor clients</li> <li>You can begin charging a commission as soon as your make your first connection, probably 5-10%, or you can just get a testimonial and case study from the deal</li> <li>Once your more established in the space your can start to build out your platform for connecting Business Investors and Talented Operators</li> <li>You might reduce your commission slightly once the business requires less manpower and runs more on automation</li> <li>One way to build your client base is to buy an existing business that has a similar audience.</li> </ol><p><b><strong>Links:</strong></b></p><ul> <li><a href="https://www.domainmagnate.com/">https://www.domainmagnate.com/</a></li> <li><a href="https://domainmagnatecapital.com/">https://domainmagnatecapital.com/</a></li> <li><a href="https://www.domainmagnate.com/podcast">The Domain Magnate Show</a></li> <li><a href="https://www.whitecoatinvestor.com/">The White Coat Investor</a></li> </ul><p><br></p><p><em>Michael Bereslavsky is the Founder and CEO of Domain Magnate, a micro private equity firm that acquires and operates online businesses.</em></p><p><br></p><p><strong>Love a part of the show? Did we get something completely wrong