Thomas Smale co-founded FE International in 2010. It is now the world’s largest website brokerage focused on eCommerce, SaaS, and content websites! Thomas is joining me today to discuss “Buy or Build” – if you’re not yet in eCommerce should you start you own business, or buy an existing one?
This is the fourth of our ‘2017 eCommerce Growth Series Sponsored by Veeqo the Number 1 Inventory Software’. The series will be running throughout January and is packed with insight and advice to help you make 2017 your best year yet. Find the full series here.
Subscribe on your Favourite Podcast App
About the business
FE International has nearly twenty employees and multi millions in revenue
They have buyers and sellers worldwide
They have offices in London, Thailand, and Boston
Listen to hear how FE International grew to a worldwide company with three offices.
Buy or Build?
If someone was looking to go into eCommerce, should they buy an existing company or build their own?
Buying is restricted by cash, but is more guaranteed to work
Building is more passion-specific but has less guarantee that the idea will work or have a market
Listen to hear more details and to hear how different personality types may prefer buying or selling.
Buying Advice
Establish that your budget can get you what you need. If you are actively looking to buy, then work with people who are actively selling by signing up for multiple brokerage sites. Sites such as Reddit and Flippa may also help.
Listen to learn about Seller Discretionary calculations.
This website uses cookies to ensure you get the best experience, for advertising and to analyse our traffic. You consent to our cookies if you continue to use this website.Got it!RejectRead More
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.