In this episode, Sean Smith (Managing Partner at Search Fund Ventures and Co-Founder of SMB Investor Network) sits down with **Andy Allaway**, CEO of **Empire Flippers**, a leading marketplace for buying and selling online businesses.Andy shares the origin story of Empire Flippers, how the platform evolved from flipping small content sites to facilitating multi-million dollar online business acquisitions, and what makes their buyer/seller vetting process so robust—verifying liquidity, ID, and more.Throughout the conversation, Sean and Andy discuss:- How Empire Flippers ensures trustworthy transactions through buyer verification and redacted listings.- Common deal sizes and the most active buyer profiles (from first-time operators to family offices).- Use of SBA loans and bank financing in online acquisitions.- Key risks in internet business deals—like high owner involvement, IP ownership, or lack of transition planning.- Exciting success stories (including a $5M deal with a $78K YouTube referral payout!)- War stories from deals gone sideways and the importance of transparency in due diligence.- What traditional brick-and-mortar investors can learn from digital-first acquisitions.Whether you're an SMB investor, aspiring buyer, or just exploring the online M&A space, this interview offers deep insight into how digital deals are done—and how to avoid common pitfalls.🔔 Subscribe for more interviews like this and leave a comment if you’ve considered buying or selling an online business.🔗 Andy Allaway on LinkedIn: https://www.linkedin.com/in/andyallaway/🔗 Empire Flippers Website: https://www.empireflippers.com🔗 SMB Investor Network: https://www.smbinvestornetwork.com/