Justin Cooke used to build online businesses himself. But after selling some in an effort to scale up profits in his line of work, he stumbled into a new field: creating and managing a marketplace for buying and selling the type of businesses he had been making.
Through his Empire Flippers marketplace, Justin connects sellers of online businesses with buyers. It's a business that is still in its infancy as the market for the trading of online businesses - sources of passive cash flow for savvy investors - continues to grow.
Taking a number of cues from real estate, Justin shares with us the past, present, and future of online businesses as investments.
Key takeaways:
Online businesses can be a great investment for wealth growth
Trading in online businesses as assets is like trading in real estate
The market is in its infancy, with lots of exciting growth ahead
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