Zero to $1.1B from Flipping Websites
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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
Пікірлер: 189
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
Make sure your purchased positive comment flooders don't all use the same phrases. It is just way too obvious now.
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
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
Congratulations man, solid video.
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.
"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.
This was really inspiring. Thank you! I just subscribed...Cheers!
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
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 KZreadrs channel is growing then you are either not on KZread 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
Accurate and exactly to the point, great video im subscribed from now on :)
@starterstory
Жыл бұрын
Welcome aboard!
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.
I'm so happy to see you give KZread 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
He advice are so down-to-earth!
Great content! Please consider publishing longer deep dive videos. Cheers
You see a Starter Story video you click. Simple. Great video as always!
@starterstory
Жыл бұрын
Thank you Todd!!
Hi Pat, glad the video came into my suggestion :) Love from Pakistan!
Very good video, many things to take note of!
Incredible content. Keep pushing, this will blow up.
@starterstory
Жыл бұрын
Thanks! More to come :)
@markmarramusic
Жыл бұрын
Bot
Love your videos. ❤️❤️❤️
@starterstory
Жыл бұрын
Thanks :) what do you like about 'em?
Nice video and he seems pretty humble with the success. Great down to earth advice. Have subbed
@starterstory
Жыл бұрын
Thanks for the sub!
How did you gain connections with these people? Who is on your team? Editors or just you?
This channel will blow up very soon 🔥 .. Keep up the dedication brother 💯..
@starterstory
Жыл бұрын
Thank you :)
Nice interview! Nice channel! Hugs from Brazil! ❤🇧🇷
@starterstory
10 ай бұрын
Thank you! 😃
Amazing good content - Guys let's start
@starterstory
Жыл бұрын
Thanks for your feedback 👍
this channel deserve millions of subscribers❤i love it
@starterstory
10 ай бұрын
Thank you ❤❤
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? 😃✨"
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 ?
Suggestion: Cover failure stories as well. They will be of great knowledge.
This channel is full of gold
This content is milliondollar content - great insight, perspective and lessons; all for free - thank you!
@starterstory
Жыл бұрын
Thank you! That's the goal :)
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
4 ай бұрын
Told you you're going to grow fire 🔥
Nice, informative video/interview, keep up the good work.
Pat, this channel is pretty awesome. Great name. Keep it up.
Probably the best channel on building business stories on KZread right now
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?..
5:50 4:40 5:30
How did he figure out how to buy and then how you have and then sell the actual rights
How do you buy a blog without having to write the blog once you buy it
This video has so much good information
Love ur channel
@starterstory
Жыл бұрын
Thank you! What do you like about it?
Great video. M&A is my goal and the video makes a lot of sense.
can this type of business be done from anywhere in the world?
hi your subjec is not focus but quality of content is nice
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
9 ай бұрын
True that!
I really bet the IRS wants a piece of that action
Where can i find the book o buying online business
@starterstory
9 ай бұрын
Google it.
Subbed!
Great video
Where can I find a business to buy for $100,000?
So basically he randomly discovered this niche, then was lucky enough on the start and now he is millionaire. Probably its feels good when you lucky enough to get 500% roi, but 95% of us peasants will newer know
@thomassmale2126
Жыл бұрын
Have you tried?
@king_cj
Жыл бұрын
@@thomassmale2126 yes. Do you want to buy domain with da 33 only for 200$?
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!
amazing video
Your channel is amazing! Question - Does he have a Master Class that he sales? Where can I find it?
nyc " Fansty highrise " looks like a hospital 😂
Which camera are you using? I like the video quality.
Sub'd & turned on 🔔 Very good stuff.
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
Great stuff❤ how can we work with him ?
Proof?
What was the website about?
He's giving MeatHead vibes from BHW.
I do the same and make $1M easily.
Damn have been years since I talked to him. I talked to him before he started that business
Ah yes the typical scammer who does something cool and because he’s nice he can teach you too in his masterclass
Remember us when you blow up 🙏
Meathead from BHW!!!
im here before this channel gets 100k+🎉
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.
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?
😄
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
Lol...aahhhhh, another bs story with a rented out office lol 😆 🤣 😂 🙄
@thomassmale2126
Жыл бұрын
what is bs?
Meathead from BHW
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.
What is his business name? I have a brand to sell (1.4mln revenue)
@starterstory
Жыл бұрын
FE International
loool
who buys websites, lol. amazing for this guy tbh
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
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)
He said a whole lot of nothing
Using flippa....?! 😂
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.
I dont understand why KZreadrs never link out to the people they're interviewing like wtf bro
Sham
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 KZreadrs 🤣this is basic fraud
He, and his entire floor he rents is full of complete nonsense.😂