I have been interested lately in acquiring businesses that do not require my physical presence (or very little of it) where everything can be outsourced and ran on auto-pilot. So of course this excludes businesses such as restaurants, retail stores and the like. I don’t want to be tied down to any one location, I want to sustain my mobility and ability to leave town at any given moment. I’ve had a brick and mortar shop and the returns didn’t match up to the time, money and hassle required to keep it open. I’d only consider opening one and financing it for a family member who wanted to make a go of it…. With that in mind…. I am always on the lookout for FBA (fulfilled by Amazon) shops that have an established product line…. though this one is outside of my budget at this point, I want to take a look into it. It would be an excellent candidate for a fractional ownership deal to spread the risk. Be sure to bookmark this page as I answer the questions that I use to evaluate a web business for sale, as found on Investing in the Cloud – A Primer.
So with that in mind….
There is an opportunity cost to everything…. if you had the cash available and enough time, would it be better and less risky to build a site like this from the ground up or front the money to start earning immediately? I will discuss. Be sure to bookmark this page or sign up for my email list to be notified when it’s updated…..
