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Watch Here: https://youtu.be/LVI5G-HJDmY

About the Guest(s): Dominic Wells is an accomplished entrepreneur and the CEO of Onfolio, a publicly traded company specializing in the acquisition of online businesses. Located in Taipei City, Taiwan since 2008, Wells started his journey as an English teacher before venturing into the digital business space. His diversified business portfolio includes marketing agencies, WordPress plugins, online courses, e-commerce businesses, and online content. With a team spread across the globe, Wells has spearheaded numerous acquisitions and has become a prominent figure in the digital acquisitions sphere.

Summary: Ronald Skelton welcomes Dominic Wells to discuss the landscape of business acquisitions, particularly in the context of a rapidly evolving market influenced by concerns around AI, economic stability, and business valuations. The conversation delves into the nature of operating a publicly traded company and the strategic moves made by Onfolio in the current acquisition-friendly environment.

Dominic Wells delves into Onfolio's recent shift towards acquiring marketing agencies, citing their appeal for high returns and growth potential. He highlights the strategic geographical distribution of his team, suited for managing primarily online businesses. Wells also discusses market trends, AI's impact, and Onfolio's readiness for the future. Reflecting on his CEO role post-IPO, he shares unexpected realities and the learning curve. Exploring investment strategies and acquisition criteria, Wells illustrates Onfolio's trajectory and stresses the significance of tenacity in acquisition entrepreneurship.

Key Takeaways:

Marketing agencies present lucrative opportunities for acquisition, with Onfolio focusing heavily on this sector due to impressive performance metrics.
The influence of AI on businesses is significant, but Wells urges a more tempered and strategic approach to incorporating AI advancements.
Going public as a company involves facing market dynamics and investor behaviors that may not align with pre-IPO expectations.
Onfolio's approach to acquisitions involves maintaining the independent brands and operations of acquired companies while centralizing certain functions for efficiency.
Wells advocates for the importance of tenacity in the acquisition entrepreneurship space and considers the current market an advantageous time for acquisitions.

Notable Quotes:

"So I'm located in Taiwan, Taipei City... But my team is located all over the world." - Dominic Wells
"I think it's a little bit of a calm time, but a good time to be acquisitive." - Dominic Wells
"You can learn from bumps and bruises." - Dominic Wells
"Dominic Wells opens up about operating a publicly traded company and the strategic moves made by Onfolio in the current acquisition-friendly environment." - Episode Summary

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Contact Dominic on
Linkedin: https://www.linkedin.com/in/dominic-wells-onfolio/
Website: https://onfolio.com/
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