In 2023 Alone, We Have Deployed Over $2.5M Of Investor Capital into Buying Internet Businesses [Update]
This is a follow up story for BlackBook Investments. If you're interested in reading how they got started, published almost 3 years ago, check it out here.
Hello again! Remind us who you are and what business you started.
Hello, my name is Mohit Tater, and I am the CEO and founder of BlackBook Investments. We buy and operate profitable Internet businesses and help others invest in these businesses passively.
If you're interested in reading how we got started, check out the original story here.
We have two main offerings:
1-1 Investment - This is a fully managed, done-for-your-service wherein we work with investors individually to help them understand their investment goals and motivations. After that, we begin the search for the perfect business for them. We do everything, from scouting the deals to due diligence, negotiations, and business transfer. We also operate the company on behalf of the investor once it's been bought; the minimum investment needed to avail of this offering is $150,000 (up from $100,000).
Group Buy - This is also a fully managed service with a much lower entry point at $25,000. Here, we pool money from multiple investors and then buy 3-4 assets in each pool we do. We usually only do one per year, but we will do it once per quarter going forward as we have seen a lot of demand for this due to the lower ticket size.
Our clients are very diverse and come from different backgrounds. But most are either very high-earnings professionals (doctors, consultants, lawyers, etc.) or entrepreneurs who might have had an exit and now wish to diversify their investments.
BlackBook Investments is a 7-figure business with high-profit margins that allows me to travel and work with clients worldwide. Currently, we have over $10m (up from $7.5m last year) in AUM (assets under management), and we are growing at a very rapid pace.
In Q1 2023 alone, we have deployed over $2.5m of investor capital into buying profitable Internet businesses, and we are looking to deploy $10m+ overall in 2023.
Tell us about what you’ve been up to. Has the business been growing?
The business has grown tremendously in the last year as the demand for online businesses has outpaced the supply; at least for the good ones worth buying.
We grew from 15 team members to 25 and touched eight figures in assets under management, while revenue growth almost touched 50%.
Most of the business came through word of mouth as this is a very close-knit industry, and everyone knows everyone. So we let our work speak for itself.
Don't wait for things to be perfect, take the plunge and start today.
We also completed three rounds with WebStreet (formerly Empire Flippers Capital) and have raised $4m+ with them.
We also just launched our new agency BlackBook Digital, aimed at helping people who already have a content website and need help managing and growing it.
We also got featured on a lot of podcasts. And some of them were organic inbound requests also. We hired a company called Legendary Podcasts to contact us about these shows.
- Payback Time
- LifeBlood
- Empire Flippers
- Niche Website Builders
- Niche Pursuits
- Perky Collar Radio Show
- eBusiness Institute
What have been your biggest challenges in the last year?
The biggest challenge we faced last year was keeping up with the never-ending Google Algo updates. A close second would be finding talented people to work with us.
So basically, Google keeps updating its ranking factors very frequently, and we have to be on top of things to be compliant. So it's like we are always catching up.
We didn't make a hiring mistake, essentially. It's just that it's very difficult to find the people we need to run our business portfolios, as those who are good at it are doing their own thing.
What’s in the plans for the upcoming year and the next five years?
We aim to reach $100 million in AUM in the next five years and are working towards it very fast.
Other than that, we are looking to build our products now, which can include, but are not limited to, content websites, SEO tools, SaaS, and more.
What’s the best thing you read in the last year?
The best thing has to be reading children’s illustrated books to my twin daughters, who just turned six months old!
Advice for other entrepreneurs who might be struggling to grow their businesses?
If there were one piece of advice I would like to share with budding entrepreneurs, it would be that don't wait for things to be perfect, take the plunge and start today. Whether you have to work on the weekends for a side hustle or quit your day job to launch your startup, don't wait for the stars to align because they never will.
Are you looking to hire for certain positions right now?
We are always looking for intelligent talent regardless of whether they know SEO or not. So if you are someone who likes dabbling in SEO or who is knowledgeable about it, drop us a line at [email protected].
Where can we go to learn more?
If you have any questions or comments, drop a comment below!
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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