Should You Buy Or Build A Business?
If you are an aspiring entrepreneur, you've more than likely stumbled upon YouTube ads from the “gurus” who all have a few things in common. “Work hard and build your own business.” They don't even take the time to consider what kind of situation their audience is in, such as having a full-time job or having important obligations.
In this article, we're going to explain whether you should build your own business from scratch or buy an already successful business.
Building a Business is $0/hour
If you have a professional carrier such as a marketer, accountant, doctor, lawyer, engineer, etc. You're going to be making a great source of income just off of that one job.
If you want to branch out and get more sources of income, it's just simply not worth your time to do product research to start an Amazon FBA business or create an affiliate WordPress website.
In fact, you trying to build this next stream of income from scratch means that you'll be losing money at the beginning, which is the complete opposite of what you want!
Now, let's say you're
- A recent high school/college graduate.
- Taking a gap year.
- At an internship.
- Starting a career making $15-$20/hour
This is when spending some time building a side hustle would be a good use of your time. Keep in mind, in order to see actual results it take about a full year.
So if we go back to the example of someone who has a full-time job, it takes a full-year for you to see the results of this startup side hustle you built. If you're making six figures and you're spending countless hours to get this side hustle going, is it really worth your time? Let me give you another question.
Get a Business That Already Has Momentum
So instead of creating a website or a new Amazon product from scratch, it's going to be more profitable to just buy an online business.
You can buy online businesses on a trusted marketplace that will show you the company details at Empire Flippers website here.
If you checked it out, you might get intimidated by all of the price tags, you won't even know where to start! If you want to know exactly how and where to buy these businesses, our CEO Matt just released his membership website The Engineered Truth Premium.
Matt teaches you everything about buying, managing, and growing online businesses.
His membership is good for anyone regardless of experience level, but it's especially great for people who are:
- Working a full-time job and want to learn more about passive income, to escape their 9-to-5.
- Looking for a real estate investment or trading securities, and found the returns are not enough or moving too slow.
- Trying to start their own business (online or not), but are having trouble finding any traction.
- People who want to explore or learn more about buying profitable online businesses.
I've personally taken Matt's course and it's been eye-opening for me. I'm an entry-level Digital Marketer that works with many different clients at the agency I work at. I've already applied the skills Matt teaches to get better at my job. I'm also going to be applying the skills to my future business.
If you want to learn more about the premium membership, click here to learn more about the Premium Membership. Out of all the courses and “gurus” I've seen, Matt completely stands out from the crowd. He wants to help people create their ideal freedom and lifestyle that they deserve. If you think you deserve a better life, then you probably do.