Contact us here: Indrek https://www.linkedin.com/in/indrek-poldvee-sales-marketing-coach/ Joe https://www.linkedin.com/in/joe-burrill/ In this engaging episode of Deal Diaries, Hendrik sits down with Joe, an Australian entrepreneur now living in Sweden, who has carved out a niche as a broker for online business acquisitions. The conversation spans over an hour and is packed with practical advice, real deal stories, and a deep dive into the world of digital business flipping—from buying small websites to brokering high-value deals. Joe shares his personal journey into the world of online business, starting with a $700 AdSense content site that he bought and lost money on. Despite the early setback, he learned crucial skills—like WordPress, transferring assets, and revenue tracking—that laid the foundation for his future success. He eventually partnered with investors and transitioned from flipper to broker, founding JustWebsiteBrokerage.com. The episode offers a valuable breakdown of the buying journey, covering: Why you should only invest money you’re prepared to lose as a first-time buyer. The importance of due diligence: verifying revenue, traffic, and seller credibility. Red flags like lack of documentation, single-point revenue failure, or suspicious traffic patterns. Joe also shares key success factors for online business investing: Look for diversified traffic and revenue sources. Understand the difference between asset vs. entity sales. Start small (5–10K deals) to learn the ropes before scaling. Leverage seller financing to reduce upfront costs and increase ROI. Build systems to scale—especially in e-commerce and content businesses. Another highlight was the discussion on ”roll-ups” or bolt-on strategies—buying multiple small, complementary businesses and merging them under one brand to improve operations and boost valuation. Joe demystifies pricing with current valuation multiples (2–3x for most small businesses), explains seller discretionary earnings (SDE) vs. EBITDA, and outlines what makes an asset attractive to buyers—brand authority, evergreen niches, and recurring income. Finally, the conversation shifts to first-time buyer mistakes, such as: Buying without a clear operational plan. Underestimating the time and skills required to run the business. Failing to negotiate key terms like non-compete clauses. This episode is a must-listen for aspiring digital entrepreneurs. Whether you’re thinking about buying your first small site or plotting a larger online acquisition strategy, Joe’s transparent and thoughtful approach provides a practical roadmap for navigating the world of online business deals. Listeners can connect with Joe at justwebsitebrokerage.com or by email for tailored advice.