Generated $2.5B With Performance Marketing - Cem Atik

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Proven Podcast 48 min 2 speakers 6 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Charles Schwartz 0:00
Welcome to The Proven Podcast, where we don't care what you think, only what you can prove. On this episode, Jem Atik, the German operator who's generated $2 billion in revenue buying, scaling, and selling SaaS and e-commerce companies, breaks down how to spot undervalued businesses, fix what's broken, and scale them into massive exits. The show starts now. All right, everybody, welcome back. Cam, I'm excited to have you on the show.
Cem Atik 0:25
Have you to be here.
Charles Schwartz 0:27
So there's a couple of people out here who know about sales and they know about scaling and they know about SaaS, but they might not know about you. So give everybody a little bit of an idea of what you've done, the revenue that you've generated. Give everybody a little bit of detail who you are and what you've done.
Cem Atik 0:41
Sure. Yeah, I'm Sam from Germany, basically a small marketing nerd, I would say. And I make my passion to my job and also like, yeah, like my roadmap that I just want to share with people, I would say. So what I do is really simple. We buy businesses, we scale them, and then we sell them. Really simple. Mainly, we are just talking about e-commerce and SaaS businesses. Um, yeah, to just keep it quick.
Charles Schwartz 1:14
Yeah, that's pretty much it. So, but when you talk about doing that, you've generated a certain number of revenue and sales and scaling. Can you talk a little bit about that to get the audience to go, what the heck? Cause Sam, it's a, it's a huge thing that you've done.
Cem Atik 1:29
Yeah, when we were just talking about how much revenue we generate for businesses we are actively, yeah, was working on, yeah, we reached last year $2 billion.

How did Cem Atik generate $2 billion in revenue by acquiring and scaling businesses?

Charles Schwartz 1:43
So little numbers, nothing big, little numbers there. So you've done two billion revs for the companies that you didn't even start. You just acquired them. You scale them. You systematize them. You go from there. So a lot of people are going to have a lot of questions going, okay, I have a SaaS company. I want to own a SaaS company. I want to buy companies. Let's go through this whole process. Let's go through when you're looking for businesses to buy, and then we'll get to what we're doing if you're scaling one. When you're looking for businesses to buy that are these SaaS companies, where are you looking and what are you looking for?
Cem Atik 2:14
So the first thing is, a couple of years before, when we were starting with this idea, I was thinking like, okay, how we can do that? And I just... I just trade since I'm 19 a lot, and I was thinking about Warren Buffett. What he does is pretty much the same, only in another industry. He just tries to figure out really undervalued businesses, get involved, and grow together with them. And that's basically a pretty similar process. We do it a bit differently. Because we're especially looking also for businesses that are going close to being bankrupt sometimes. So buying a business out from the insolvency, it's a huge leverage for us. Just imagine a business that makes 30 million revenue last year can be maybe sold this year for 1 million, which is insanely cheap for sure.
Cem Atik 3:07
That's one thing. And the second thing is we usually, I mean, this is more a network thing. So it's not like you can do a lot of ads for it or you just can talk about it. We already do ads for that in Europe. But mainly these contacts or these leads or businesses that could be interesting for us coming over our M&A network. Over the last years and also because we are investor-backed, Happy to be able to say that. We have a huge M&A network, over 200, 300 M&A consultants that are interested to just give us the best possible deals because they know that the percentages that we share are much higher than the competition. So you win with money, basically. So that means if an M&A consultant usually get 5%, we pay him maybe 7%, yeah, that he gives us the good leads.
Charles Schwartz 4:00
Sounds bad, but the world, it is like it is. It's just how the world is, absolutely. I did this with real estate for years where, you know, your real estate agents, they're going to get 1% or 2% of whatever they sell. I'm like, well, I'll give you 6%.

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