Learn how to own one profitable online business one after another without ever starting one
On July 1st (my 31st birthday), I bought 80% of Marc’s Amazon FBA business.
This picture is from when we signed the deal.
The business sells vape carrying cases and other accessories on Amazon.
Last year it made an avg. profit of $3,766.55 per month.
I bought 80% of the business for $60,000.
The business will bring me about $2,900 per month in income since I get 80% of the profit. Marc will keep 20% and his team will manage the business for me so I’m a complete passive investor.
Managing the business is super easy. He just has one of his employees order more inventory when we’re low.
For me to earn $2,900 in profit per month in real estate, I would have to buy a $400,000+ house.
That’s why investing in online businesses is so strong.
Buying 6 of these Amazon businesses would cost less than a $400,000 house. An Amazon FBA business pays itself back in 2.2 years assuming the sales remain steady (src: @empireflippers). But I already have some plans in place with @virtuousgraphics to increase sales.
You might be wondering why Marc would even want to sell 80% of his business. He wanted to take the money to buy more shares of his holdings company: Alpha Rock Capital. Because he believed if he put the money in before their next round of funding, he’ll double his money. Which he did.
In Engineered Truth Premium, I’ll be breaking down how this business deal went down and show complete income reports.
If you want to learn how to own one online business after another. Without ever having to start one. You can check out Engineered Truth Premium.
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