# Forget Starting a Business, Do This Instead \| Ep\. \#665

**URL:** https://www.singlegrain.com/episodes/marketing-school/forget-starting-a-business-do-this-instead-ep-665/  
**Published:** 2018-05-27  
**Author:** Selena Templeton  
**Summary:** In episode \#665, Eric and Neil tell you what you should do instead of starting a business\. Tune in to hear why you don’t have to start your own business\.\.\.\.  

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In episode #665, Eric and Neil tell you what you should do instead of starting a business. Tune in to hear why you don’t have to start your own business.

**TIME-STAMPED SHOW NOTES:**

- \[00:27\] Today’s Topic: _Forget Starting a Business, Do This Instead_
- \[00:46\] Neil thinks starting a business is one of the hardest things to do. It is far easier to _buy_ a business.
- \[01:25\] Buy a company and grow it.
- \[01:48\] [Income Store](https://incomestore.com/) has over 800 websites. They buy other websites and promise a return to their investors.
- \[02:09\] They brought in $28 Million last year.
- \[02:29\] If you think you can’t afford to buy a business, you can always do cellar-based financing where you pay a monthly fee.
- \[02:53\] You can do a lot of creative things to cut costs and improve profits.
- \[03:05\] You can also only buy a portion of the company and include a clause where you can buy them out in the future.
- \[03:34\] [FE International](https://feinternational.com/) has great content about buying businesses.
- \[03:45\] [Buy Biz Sell](https://www.bizbuysell.com/buy/), [Flippa](https://flippa.com/), and [Empire Flipper](https://empireflippers.com/) are also great resources.
- \[04:02\] If you are looking for low-cost deals, Flippa and Empire Flipper are good for that.
- \[04:34\] Neil’s favorite business purchases are blogs that aren’t properly monetized.
- \[04:45\] Buy a business once you have proven that you can grow someone else’s business.
- \[05:00\] Use those skills to grow your own site.
- \[05:30\] Grow things on your own and once you’re confident, buy a business.
- \[05:34\] That’s all for today!
- \[05:37\] Go to [Singlegrain.com/Giveway](https://www.singlegrain.com/giveaway) for a special marketing tool giveaway!

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- [NeilPatel.com](http://neilpatel.com/)
- [Quick Sprout](https://www.quicksprout.com/)
- [Growth Everywhere](https://growtheverywhere.com/)
- [Single Grain](https://www.singlegrain.com/)
- [Twitter @neilpatel](https://twitter.com/neilpatel)
- [Twitter @ericosiu](https://twitter.com/ericosiu)

The post [Forget Starting a Business, Do This Instead | Ep. #665](https://marketingschool.io/forget-starting-a-business-do-this-instead-ep-665/) appeared first on [Marketing School Podcast](https://marketingschool.io/).