Rhodium Podcast | Online Business | Entrepreneurs | Marketing | Buying and Selling Websites - Story 2.7: Post-Acquisition – Lessons from the First 12 Months. Podcast 053 with Matthew Yahes

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

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12/22/16 • 54 min

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

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).

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).

Previous Episode

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

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).

Next Episode

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

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).