55 min
Ep01: Buying and Selling Profitable Online Businesses Insights from Flippa's CEO, Blake Hutchison Buying Online Businesses with Michael Bereslavsky
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- Investing
SHOW NOTES:
In our very first episode, Michael had a discussion with Flippa’s CEO, Blake Hutchison. Know more about how Flippais creating a ‘better experience’ for business buyers, tips and tricks on how to beat the algorithm, and sell better. In a more personal discussion, Blake shares his tips, habits, and routines to be an effective CEO.
GUEST BIO:
Blake Hutchison is the current CEO of Flippa. Under his direction, Flippa has undergone great strides in improving the processes, experience, and security measures of the marketplace. Before joining Flippa, Blake developed an impressive executive track record at global brands like Xero, Good44, Luxury Escapes, and Lonely Planet.
Connect with Blake: Email| Twitter| LinkedIn
SKIP TO THE GOOD PARTS:
00:25 - 03:58 - Know more about Blake and their recent journey in creating ‘better experience’.
04:15 - 08:14 - Flippa in numbers and a bit more insider details.
08:14 - 11:39 - Are Empire Flippers and FE Enterprises Flippa’s competitor? How Flippa differs itself from the “competition”.
11:40 - 16:54 - Buying or selling a profitable business? Blake shares some tips how to get it right the first time.
17:02 - 21:01 - Verified by Flippa badge will be rolling out soon. Know more details about it.
21:38 - 23:59 - Beat the algorithm: Selling know hows from Blake himself.
26:26 - 35:33 - Predicting future demands and trends.
36:05 - 42:42 - selling domainsat Flippa Marketplace
43:03 - 45:40 - Attracting more buyers and sellers on the marketplace
46:12 - 48:19 - How quick can you sell your website on Flippa?
48:59 - 00:00 - Auctioning your website on Flippa
53:39 - 57:12 - Tips, habits, routines to be an effective CEO
57:12 - 58:44 - Want to Blake Hutchison’s direct contact? Hear it here!
SHOW TRANSCRIPT:
Michael Bereslavsky: Hello Blake!
Blake Hutchison: Hi Michael! How are you?
Michael Bereslavsky: Good. Thanks for joining. So, where are you calling from?
Blake Hutchison: We are in Melbourne, Australia.
Michael Bereslavsky: Nice! So, we last spoke about 10 months ago, when you first became the CEO of Flippa. And I really loved that you are reaching out to some of the top sellers and kind of discussing some challenges to see how to improve things. So, I'd love to know how it's been so far? What's it been like running Flippa and what was your focus for this year?
Blake Hutchison: Yeah. Thank you for the opportunity to be on the podcast. First and foremost, it's an absolute privilege to run a business like Flippa. We've got a huge community and we've obviously got huge responsibilities to that community. We know how much they want to use Flippa and I want a good experience. I guess joining Flippa, we discovered that there was, I guess some historical changes that have been made to the way that Flippa was operating, which had made it a little bit difficult for buyers and sellers to connect specifically buyers who wanted to find the right thing at the right time. And then as it relates to the seller, it is the way in which they were able to communicate and then drive viewership and ultimately bids and offers for their particular listing. And so we've been working hard to understand how Flippa historically worked and what people liked and also to understand how Flippa should work in the future to make that experience better.
And so what that means is we've tried some things. Some of those things have worked really, really well and we've tried some things and some of those things have worked terribly. And that's the nature of working in a marketplace of this size. We've got, over 600,000 community members. We get over 21,000 new community members, be it buyers or sellers each month. And so not everyone is gonna love the changes we make. But we are doing them, at least we think for the right reasons and it's about how quickly we can recover the demand for all of those super sellers, premium sellers and just people who use the platform. We get regularly
SHOW NOTES:
In our very first episode, Michael had a discussion with Flippa’s CEO, Blake Hutchison. Know more about how Flippais creating a ‘better experience’ for business buyers, tips and tricks on how to beat the algorithm, and sell better. In a more personal discussion, Blake shares his tips, habits, and routines to be an effective CEO.
GUEST BIO:
Blake Hutchison is the current CEO of Flippa. Under his direction, Flippa has undergone great strides in improving the processes, experience, and security measures of the marketplace. Before joining Flippa, Blake developed an impressive executive track record at global brands like Xero, Good44, Luxury Escapes, and Lonely Planet.
Connect with Blake: Email| Twitter| LinkedIn
SKIP TO THE GOOD PARTS:
00:25 - 03:58 - Know more about Blake and their recent journey in creating ‘better experience’.
04:15 - 08:14 - Flippa in numbers and a bit more insider details.
08:14 - 11:39 - Are Empire Flippers and FE Enterprises Flippa’s competitor? How Flippa differs itself from the “competition”.
11:40 - 16:54 - Buying or selling a profitable business? Blake shares some tips how to get it right the first time.
17:02 - 21:01 - Verified by Flippa badge will be rolling out soon. Know more details about it.
21:38 - 23:59 - Beat the algorithm: Selling know hows from Blake himself.
26:26 - 35:33 - Predicting future demands and trends.
36:05 - 42:42 - selling domainsat Flippa Marketplace
43:03 - 45:40 - Attracting more buyers and sellers on the marketplace
46:12 - 48:19 - How quick can you sell your website on Flippa?
48:59 - 00:00 - Auctioning your website on Flippa
53:39 - 57:12 - Tips, habits, routines to be an effective CEO
57:12 - 58:44 - Want to Blake Hutchison’s direct contact? Hear it here!
SHOW TRANSCRIPT:
Michael Bereslavsky: Hello Blake!
Blake Hutchison: Hi Michael! How are you?
Michael Bereslavsky: Good. Thanks for joining. So, where are you calling from?
Blake Hutchison: We are in Melbourne, Australia.
Michael Bereslavsky: Nice! So, we last spoke about 10 months ago, when you first became the CEO of Flippa. And I really loved that you are reaching out to some of the top sellers and kind of discussing some challenges to see how to improve things. So, I'd love to know how it's been so far? What's it been like running Flippa and what was your focus for this year?
Blake Hutchison: Yeah. Thank you for the opportunity to be on the podcast. First and foremost, it's an absolute privilege to run a business like Flippa. We've got a huge community and we've obviously got huge responsibilities to that community. We know how much they want to use Flippa and I want a good experience. I guess joining Flippa, we discovered that there was, I guess some historical changes that have been made to the way that Flippa was operating, which had made it a little bit difficult for buyers and sellers to connect specifically buyers who wanted to find the right thing at the right time. And then as it relates to the seller, it is the way in which they were able to communicate and then drive viewership and ultimately bids and offers for their particular listing. And so we've been working hard to understand how Flippa historically worked and what people liked and also to understand how Flippa should work in the future to make that experience better.
And so what that means is we've tried some things. Some of those things have worked really, really well and we've tried some things and some of those things have worked terribly. And that's the nature of working in a marketplace of this size. We've got, over 600,000 community members. We get over 21,000 new community members, be it buyers or sellers each month. And so not everyone is gonna love the changes we make. But we are doing them, at least we think for the right reasons and it's about how quickly we can recover the demand for all of those super sellers, premium sellers and just people who use the platform. We get regularly
55 min