Offline vs. Online: Why One Entrepreneur Sold His Offline Franchise to Buy an Online Business With Michael Sevilla (Podcast 010)

Rhodium Podcast | Online Business | Entrepreneurs | Marketing | Buying and Selling Websites

#Trading #Business #Self-Improvement #Online Business #Chris Yates #Podcasting Education

26:18

How do you know when it’s time to make your next big career move? With International Women’s Day around the corner, we are excited to feature Avni Patel Thompson, Founder and CEO of Milo. Avni is building technology that directly supports the often overlooked emotional and logistical labor that falls on parents—especially women. Milo is an AI assistant designed to help families manage that invisible load more efficiently. In this episode, Avni shares her journey from studying chemistry to holding leadership roles at global brands like Adidas and Starbucks, to launching her own ventures. She discusses how she approaches career transitions, the importance of unpleasant experiences, and why she’s focused on making everyday life easier for parents. [01:26] Avni's University Days and Early Career [04:36] Non-Linear Career Paths [05:16] Pursuing Steep Learning Curves [11:51] Entrepreneurship and Safety Nets [15:22] Lived Experiences and Milo [19:55] Avni’s In Her Ellement Moment [20:03] Reflections Links: Avni Patel Thompson on LinkedIn Suchi Srinivasan on LinkedIn Kamila Rakhimova on LinkedIn Ipsos report on the future of parenting About In Her Ellement: In Her Ellement highlights the women and allies leading the charge in digital, business, and technology innovation. Through engaging conversations, the podcast explores their journeys—celebrating successes and acknowledging the balance between work and family. Most importantly, it asks: when was the moment you realized you hadn’t just arrived—you were truly in your element? About The Hosts: Suchi Srinivasan is an expert in AI and digital transformation. Originally from India, her career includes roles at trailblazing organizations like Bell Labs and Microsoft. In 2011, she co-founded the Cleanweb Hackathon, a global initiative driving IT-powered climate solutions with over 10,000 members across 25+ countries. She also advises Women in Cloud, aiming to create $1B in economic opportunities for women entrepreneurs by 2030. Kamila Rakhimova is a fintech leader whose journey took her from Tajikistan to the U.S., where she built a career on her own terms. Leveraging her English proficiency and international relations expertise, she discovered the power of microfinance and moved to the U.S., eventually leading Amazon's Alexa Fund to support underrepresented founders. Subscribe to In Her Ellement on your podcast app of choice to hear meaningful conversations with women in digital, business, and technology.…

il y a 10 ans 48:25

MP3•Maison d'episode

Michael Sevilla is traditionally a marketing guy with a broad background both offline and online. He’s worked in consumer packaged goods, Telecom, SaaS, Analytics, and Neuroscience industries. In addition to early stage/start ups he has worked for Fortune 500 companies on global initiatives as well as bought and sold both online and offline businesses. He is currently building an online marketplace for currency traders.

In this episode:

The advantages and disadvantages of offline and online businesses and why Michael ended up selling his two franchise locations to buy an online business.
The truth about franchises and why Michael’s offline franchise forced him to choose between either his family, his spouse, or his business.
The exact questions you need to ask before signing on with a business broker based on Michael’s experience selling his businesses.
How Michael safely made the leap to buying his first online business.

Listen Now:

Mentioned In this Show

The post Offline vs. Online: Why One Entrepreneur Sold His Offline Franchise to Buy an Online Business With Michael Sevilla (Podcast 010) appeared first on Rhodium Network (Formerly Weekend).

55 episodes

Offline vs. Online: Why One Entrepreneur Sold His Offline Franchise to Buy an Online Business With Michael Sevilla (Podcast 010)

Rhodium Podcast | Online Business | Entrepreneurs | Marketing | Buying and Selling Websites

14 subscribers

published il y a 10 ans

MP3•Maison d'episode

In this episode:

The advantages and disadvantages of offline and online businesses and why Michael ended up selling his two franchise locations to buy an online business.
The truth about franchises and why Michael’s offline franchise forced him to choose between either his family, his spouse, or his business.
The exact questions you need to ask before signing on with a business broker based on Michael’s experience selling his businesses.
How Michael safely made the leap to buying his first online business.

Listen Now:

Mentioned In this Show

The post Offline vs. Online: Why One Entrepreneur Sold His Offline Franchise to Buy an Online Business With Michael Sevilla (Podcast 010) appeared first on Rhodium Network (Formerly Weekend).

55 episodes

#Trading #Business #Self-Improvement #Online Business #Chris Yates #Podcasting Education

Tous les épisodes

1
060: Rhodium Talk: Improve Monetization With Affiliate Marketing – Mike Nunez of AffiliateManager.com 28:25

il y a 8 years28:25

28:25

In this episode, you’re getting another exclusive peek at a never before shared talk from the 2016 Rhodium Weekend event. My guest presenter for this talk is Mike Nunez of AffiliateManager.com. His company has spent the last 15 or so years managing the affiliate programs for brands ranging from startups to Fortune 500 clients. In this talk, he distills his knowledge down into a practical action plan advertisers or publishers can take to significantly improve their revenue and profits through affiliate channels. Highlights In today’s episode, you’ll hear: Strategy – The keys to knowing your metrics and the metrics of others in your industry. Mindset – Why copying your competitors doesn’t work. Tactic – 6 Steps action plan for affiliate monetization. Plus get the latest updates on my progress working towards building and selling a $250k online business. Listen Now: The post 060: Rhodium Talk: Improve Monetization With Affiliate Marketing – Mike Nunez of AffiliateManager.com appeared first on Rhodium Network (Formerly Weekend) .…

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059: How to Rank in Any Niche Without Link Building – Rhodium Talk with Ewen Finser 22:54

il y a 8 years22:54

22:54

In this episode, you’re getting an exclusive peek at a never before shared talk from the 2016 Rhodium Weekend event. My guest presenter for this talk is Ewen Finser who has used advanced keyword research tactics combined with creating quality content to build a portfolio of authority websites. The income from the sites have allowed him to completely leave the cubicle life behind. The best part? He doesn’t do any link building. Highlights In today’s episode, you’ll hear: Strategy – Using advanced keyword research to find low competition, high converting keywords. Mindset – Why Ewen only focuses on two things, choosing the right keywords and creating amazing content. Tactic – The exact keyword research tool Ewen uses and the one hack to discover wide open keywords. Plus get the latest updates on my progress working towards building and selling a $250k online business. Listen Now: The post 059: How to Rank in Any Niche Without Link Building – Rhodium Talk with Ewen Finser appeared first on Rhodium Network (Formerly Weekend) .…

1
058: Jaryd Krause – From Plumber to World Traveling Online Entrepreneur in 8 Months 59:53

il y a 8 years59:53

59:53

In this episode, you’ll hear an in-person interview I did with Jaryd Krause, an australian plumber turned world traveling online entrepreneur. Highlights In today’s episode, you’ll hear: Strategy – How buying online businesses let Jaryd quit his job and travel the world after only 8 months of effort. Mindset – The future of internet business…is it exciting or uncertain and what does that mean to you? Tactic – Reviewing business for sale listings. One of the fastest ways to learn about online business. Plus get the latest updates on my progress working towards building and selling a $250k online business. Listen Now: The post 058: Jaryd Krause – From Plumber to World Traveling Online Entrepreneur in 8 Months appeared first on Rhodium Network (Formerly Weekend) .…

1
057: Neil Patel Interview: $100k Challenge 38:14

il y a 8 years38:14

38:14

In this episode, you’ll hear an in-person interview I did with Neil Patel, founder of Crazy Egg and Kissmetrics, during my event where Neil was the guest expert. Highlights In today’s episode, you’ll hear: Strategy – Neil’s approach to building a blog that can turn into a $100k/month business. Mindset – Why playing big is the same amount of work as playing small. Tactic – The tools Neil loves for driving traffic through content marketing. Plus get the latest updates on my progress working towards building and selling a $250k online business. Listen Now: The post 057: Neil Patel Interview: $100k Challenge appeared first on Rhodium Network (Formerly Weekend) .…

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056: My Master Plan for 2017 and How to Create Your Own 31:41

il y a 8 years31:41

31:41

This is an experimental solo episode covering my master plan for Rhodium going into 2017 and how you can create your own master plan. Highlights In today’s episode, you’ll hear: Strategy – A specific approach to strategic planning which is heavily focused on your customer’s success. Mindset – Turning your weakness into strength. Tactic – How to create a membership your clients will never want to leave. Let me know if you’d like to hear more shows like this. Listen Now: The post 056: My Master Plan for 2017 and How to Create Your Own appeared first on Rhodium Network (Formerly Weekend) .…

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Story 1.9: The First Year of a Successful Software Startup. Episode 055 with Clarity Wave 50:44

il y a 8 years50:44

50:44

This is episode 55. Robert and his brother Alex set a goal this year to make Clarity Wave a company that can stand on its own financially – bringing in at least enough to cover development and marketing efforts. I can tell you right now that they more than doubled their revenue this year, but the question is…was that enough? Highlights In today’s episode, you’ll hear: Robert’s experience hiring marketing partners, industry partners, and full on buy-in partners The harsh reality of making enterprise software sales How to deal with seasonal buying slow-downs Plus how they hope to determine the company’s valuation and what they’ll do with that number This might be the most complete behind the scenes picture you’ll see for the first year of a software company – Robert’s experiences are crucial for any business owner, but if SaaS in particular is in your future, make sure you stay to the end and take notes. Listen Now: Past Episodes with Clarity Wave Story 1.8: Turn Your Startup Into a Lead Gen Machine. Episode 054 with Clarity Wave Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032) Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027) The post Story 1.9: The First Year of a Successful Software Startup. Episode 055 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend) .…

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Story 1.8: Turn Your Startup Into a Lead Gen Machine. Episode 054 with Clarity Wave 42:54

il y a 8 years42:54

42:54

This is episode 54. Clarity Wave has added 10 more clients since the last time we spoke, with a yearly value between 7,000 and 10,000 dollars each. Robert and his brother credit this growth to their massive action approach to lead generation, which, as you’ll hear in this episode,meant redirecting time and funding from development into sales and marketing. Highlights In today’s episode, you’ll hear: Robert’s deep dive into LinkedIn connection strategies that work How he optimized a personal LinkedIn profile to generate leads The two connection methods they’ve used and what’s been more successful (including direct message templates you can copy) Plus their exact approach to create an industry group and use that to build authority with their market What they’ve done is built a consistent daily habit around inbound and outbound marketing, and the results speak for themselves. You’ll hear about that and more in today’s episode. Listen Now: Past Episodes with Clarity Wave Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032) Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027) The post Story 1.8: Turn Your Startup Into a Lead Gen Machine. Episode 054 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend) .…

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Story 2.7: Post-Acquisition – Lessons from the First 12 Months. Podcast 053 with Matthew Yahes 54:46

il y a 8 years54:46

54:46

This is episode 53. Today we are joined by Matthew Yahes, who this year acquired a 7 figure ecommerce portfolio in the gift baskets and wedding favors niches. This is the last episode in our series with Matthew, so today’s interview is an epic unpacking of a story you don’t often hear : What happens in those 12 months after you purchase a business? What kind of challenges should you expect? Is it worth it to buy rather than build your own? Matthew shares with us a number of big mistakes he made this year, and has some surprising advice for people who are looking to acquire their own online business for the first time. Highlights Matthew walks us through his major milestones and lessons, including: Matthew’s insights on the huge learning curve the first 3 months after acquisition The best time to implement changes in a business you purchased The issues he wished he’d changed sooner What to do to make sure employees in a business you acquire don’t get bitter at new management And why, despite slower growth than anticipated, he’s still confident the business can double or triple next year Make sure to stick around through the whole episode for all this and more. Listen Now: Past Episodes with Matthew: Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes Story 2.4: After the Sale, All The Things You Didn’t Plan For. Podcast 041 with Matthew Yahes Story 2.3: Preparing for Business Growth with Matthew Yahes (Podcast 037) Story 2.2: The Million Dollar Takeover with Matthew Yahes (Podcast 033) Story 2.1: What It’s Like Buying a 7 Figure E-commerce Business With Matthew Yahes (Podcast 028) The post Story 2.7: Post-Acquisition – Lessons from the First 12 Months. Podcast 053 with Matthew Yahes appeared first on Rhodium Network (Formerly Weekend) .…

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Story 3.4: The Comeback – Don’t Give Up On Your Business. Podcast 052 with Kelly Shroads 52:12

il y a 8 years52:12

52:12

This is episode 52. We’ve been following Kelly’s story all year and today we check back in with her for the last time. After beginning this year frustrated and tired of running her luxury spa robe ecommerce site and watching its sales decline, Kelly was ready to get it off her plate. But she knew she had a lot of work to put in first. In this episode, we’ll find out if all that work paid off and how she feels about her progress this year – including how sales are going during her busiest time of year. Highlights We’ll also cover: Where Kelly stands now on selling her business Why her sales declined the first half of the year , even though her site ranking stayed the same Insights from redesigning her entire product line including… Kelly’s tricks to setup a professional photoshoot on a shoestring budget And what advice she would give herself through some of the toughest times in her business. Having spoken with Kelly throughout 2016, I was really struck by her ability to leverage key skills like photography, website design, and SEO into a scalable, automated business rather than just getting stuck as a freelancer. Kelly told me during this interview about a big business decision she’s going to make come January 1st, so make sure to stick around through the whole episode for this exciting news and more. Listen Now: Past Episodes with Kelly Shroads Story 3.3: The Truth About Passive Income From Websites. Podcast 038 With Kelly Shroads Story 3.2: Should I Sell My Business? With Kelly Shroads (Podcast 035) Story 3.1: Doubling Ecommerce Sales Every Year With Kelly Shroads (Podcast 30) The post Story 3.4: The Comeback – Don’t Give Up On Your Business. Podcast 052 with Kelly Shroads appeared first on Rhodium Network (Formerly Weekend) .…

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Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave 33:09

il y a 8 years33:09

33:09

This is episode 51. Clarity Wave has onboarded several new customers and is about to hit 25 clients. So we find out today if Robert and his brother will also be able to hit their $10k monthly revenue goal by their self-imposed deadline. Highlights In today’s episode, you’ll hear: Robert’s successful workflow with LinkedIn authority marketing His insights into resolving key startup issues , like automating sales and why hiring freelance developers can be dangerous Plus how all of Clarity Wave’s big wins come back to just one key approach I came away from this interview with the impression that Robert and Alex are going to be successful because they care so much about building connections and being genuinely helpful to the people in their market. That’s a huge lesson that anyone who’s struggling in business needs to learn, so pay attention and learn what Robert’s doing right. Listen Now: Past Episodes with Clarity Wave Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032) Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027) The post Story 1.7: Making Customers Love You So Much They Send Gifts. Episode 051 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend) .…

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Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes 42:03

il y a 8 years42:03

42:03

This is episode 49. Today we are joined by Matthew Yahes, who recently acquired a 7 figure ecommerce portfolio in the gift baskets and wedding favors niches. Last time, Matthew talked about increasing revenue with one key strategy – cart recovery . That boost has allowed him to start testing a lot of other aspects of his business – from his mobile checkout process to opt-in coupons that build his email list. As you’ll hear, though, he’s run into a number of snags that have caused him to take a smarter approach to changes on his sites. Highlights In today’s interview with Matthew, we’ll also cover: The simple mistake that dropped conversion by 50% How he found an e-commerce expert and sold him on joining as a partner How to manage both parties’ risks in a partnership (i ncluding how they decided between salaries and equity splits) And evaluating whether to 10x or 2x his business Make sure to stick around through the whole episode for all this and more, as Matthew establishes his revenue goals for the end of the year and into mid-2017. Listen Now: Past Episodes with Matthew: Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes Story 2.4: After the Sale, All The Things You Didn’t Plan For. Podcast 041 with Matthew Yahes Story 2.3: Preparing for Business Growth with Matthew Yahes (Podcast 037) Story 2.2: The Million Dollar Takeover with Matthew Yahes (Podcast 033) Story 2.1: What It’s Like Buying a 7 Figure E-commerce Business With Matthew Yahes (Podcast 028) The post Story 2.6: Safety First: Tips on eCommerce Site Changes and Business Partnerships. Episode 049 with Matthew Yahes appeared first on Rhodium Network (Formerly Weekend) .…

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Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave 44:47

il y a 8 years44:47

44:47

This is episode 48. Robert and Alex continue to deal with problematic contractors, and while they seem to be moving in the right direction, I ask them all about how the two of them forged a business partnership and continue to make it work, despite living in completely different countries. Partnerships are always a controversial topic, not to mention going into business with family, so I found Robert and Alex’s insights to be very illuminating. Highlights In today’s episode, you’ll hear: What are the right (and wrong) things to do to make a partnership work How to split business responsibilities based on strengths And deciding between equal time commitments or equal milestone commitments These two have put a lot of thought into creating a successful business relationship, so if you’ve ever considered entering into a partnership, you owe it to yourself to hear what they have to say. Listen Now: Links Emotional Intelligence: Why It Can Matter More Than IQ by Daniel Goleman Past Episodes with Clarity Wave Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave Story 1.4: When to Quit and When to Double-Down on Your Startup. Podcast 040 with Clarity Wave Story 1.3: How to Grow From Your First 16 Clients to 100+. Podcast 036 With Clarity Wave Story 1.2: Outsource Your Sales People with Clarity Wave (Podcast 032) Story 1.1 – How to Start a SaaS Business With Clarity Wave (Podcast 027) The post Story 1.6: Why You SHOULD Go Into Business With Family. Episode 048 with Clarity Wave appeared first on Rhodium Network (Formerly Weekend) .…

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Rhodium Talk: Selling Your Business – How NOT To Leave Money on the Table. Episode 047 with Mark Daoust 52:37

il y a 8 years52:37

52:37

This is episode 47. Today we are joined by Mark Daoust, founder of Quiet Light Brokerage, which specializes in helping entrepreneurs get the highest value from the sale of their online businesses. Today’s podcast is a recorded presentation by Mark from last year’s Rhodium Weekend – he explains the early mistakes he made in buying and selling websites and how exactly to avoid those same pitfalls. This is actually two talks in one, and I’m excited to bring it to you today as one epic podcast episode. The first part is focused on exit strategy planning – and after that, Mark goes straight into how to make the sale happen. Highlights The one thing Mark did to increase the value of his business 450% in One Year – from a 30K valuation to a $165K sale Plus what that site’s buyer did to re-sell for an additional $200K without increasing revenue You’ll also learn The 4 Pillars of an Investor-Focused Exit Strategy The 5 Biggest Sources of Risk in Your Business And the most important service that brokers provide (Hint: it’s not a Buyer List) Plus Mark lays out how you can cut out the broker entirely by using his exact selling playbook. Listen Now Next Steps If today’s in-depth look at navigating the acquisition process is really exciting for you, I’d venture to guess that you’re an online business owner looking to increase the value of your business – or maybe you’re looking to make a purchase of an online business – or perhaps you’re just looking to make your business more scalable , even if you don’t plan on selling. Listen, there’s a lot to learn, and today’s episode is a great starting point and maybe even an intermediate step…but if you’re hungry for this kind of knowledge, you’re going to want to go even deeper. That’s why, every year, I host the Rhodium Weekend event – where you can learn, network and do deals with experienced buyers and sellers of online businesses . Everyone comes to learn and share with one common goal – to create and enjoy incredible freedom. If you can picture yourself with this like-minded group of entrepreneurs, now is the time to apply before ticket sales close on September 23rd. I keep the number of seats limited to make sure every attendee gets incredible value and attention. To find out if you qualify to attend: To Learn More, Click Here Links to Other Rhodium Weekend Presentation Podcasts Rhodium Talk: Expert Funnel Hacks To 10X Your Revenue in 15 Months. Podcast 042 with Rob Walling Rhodium Talk: The Journey From Entrepreneur to Passive Investor. Podcast 039 with Scott Fritz Rhodium Talk: Scaling From Lifestyle Business to Inc. 500 with Dave Parkinson and Andrew Pincock (Podcast 034) Chris Yates Rhodium Talk: Lessons Learned From 50+ Deals in 6 Years (Podcast 026) The post Rhodium Talk: Selling Your Business – How NOT To Leave Money on the Table. Episode 047 with Mark Daoust appeared first on Rhodium Network (Formerly Weekend) .…

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Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes 53:37

il y a 9 years53:37

53:37

This is episode 46. Today we are joined by Matthew Yahes, who recently acquired a 7 figure ecommerce portfolio in the gift baskets and wedding favors niches. Since we last spoke with Matthew, he’s been very busy. He’s making some big shifts in his business, which you’ll hear about today…but his biggest effort right now is growing his revenue using “cart recovery.” If you don’t know what that is, or want to learn more, you’re in luck because we’re also joined today by John Peden from cartrecover.com . He’s not only an expert in improving sales by targeting cart abandonment issues – he’s the expert that Matthew has relied on to address his cart abandonment issues. Now 8% of Matthew’s monthly revenue comes directly from purchases that would have otherwise been lost. Highlights In today’s interview with Matthew and John, we’ll also cover: The number 1 most likely reason your customers put an item in their cart and never buy it How to figure out the real reasons people are selecting items to buy…and then never buying them When to focus on cart abandonment and when other issues should be your priority The most effective messaging for reaching out to abandoned cart customers depends on this one key factor Make sure to stick around through the whole episode for all this and more. Listen Now: Past Episodes with Matthew: Story 2.4: After the Sale, All The Things You Didn’t Plan For. Podcast 041 with Matthew Yahes Story 2.3: Preparing for Business Growth with Matthew Yahes (Podcast 037) Story 2.2: The Million Dollar Takeover with Matthew Yahes (Podcast 033) Story 2.1: What It’s Like Buying a 7 Figure E-commerce Business With Matthew Yahes (Podcast 028) The post Story 2.5: 10% Increase in Revenue with One Simple Email Sequence. Episode 046 with Matthew Yahes appeared first on Rhodium Network (Formerly Weekend) .…

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Story 1.5: What Startup Perseverance Really Looks Like. Episode 045 with Clarity Wave 43:51

il y a 9 years43:51