Acquiring Minds Buying an Online Side Hustle (for Less than $5k)
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Aug 23, 2021 Vivian Chen, an entrepreneur who bought and grew an abandoned online business while keeping her day job, shares advice for side hustlers, parallels between buying an online business and real estate investing, and knowing yourself as an acquisition entrepreneur. It takes longer than expected, so get started!
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Finding Modern Inkeeper
- Vivian researched hundreds of online businesses on marketplaces for months.
- She chose Modern Inkeeper because of its fitting market and appealing name.
Criteria for Buying a Side Hustle
- Acquire a business that aligns with your budget, passion, and operational preferences.
- For a side hustle, look for owner-operated businesses without employees to maintain control.
Acquiring for Under $5,000
- Vivian purchased Modern Inkeeper for under $5,000 using her savings, no financing.
- The seller had abandoned the business focusing on another venture, which lowered its price.