• EP22 - How I Built an Online Bingo Empire and Sold It For Millions – Phil Fraser

  • Aug 20 2024
  • Length: 57 mins
  • Podcast

EP22 - How I Built an Online Bingo Empire and Sold It For Millions – Phil Fraser

  • Summary

  • In this episode of ‘We Built This Business’ we talk with Phil Fraser from The Business Sounding Board. Phil shares his incredible journey of starting the world's leading online bingo comparison website from his kitchen table and eventually exiting that business in a multi-million pound deal in 2018. From a failed investment pitch to creating a thriving business model based on affiliate marketing, Phil’s story is a fascinating look at entrepreneurship, risk-taking, and the art of building a sellable business. He also dives into his current venture, The Business Sounding Board, where he provides mentorship and guidance to business owners. HIGHLIGHTS • From Failed Pitch to Success: How a rejected investment pitch led Phil to accidentally create an online bingo comparison website. • Affiliate Marketing Mastery: The two business models Phil used to monetize his website and how he capitalized on the online gaming boom. • The Evolution of Online Bingo: Why the UK market was slow to adopt online bingo and how Phil's company was perfectly positioned to take advantage of the shift. • The Sale Process: Phil shares his experience of selling his business, including the challenges and triumphs along the way. • Imposter Syndrome & Growth: How Phil overcame self-doubt and boredom to scale his business, eventually leading to its sale. • Life After the Exit: Phil's transition to becoming a business coach and mentor, helping other entrepreneurs navigate their own challenges. PODCAST INTRODUCTION Daniel Osullivan invites business owners and industry experts onto the We Built This Business Podcast to discuss how they have built their business. We discuss how they started, their business challenges, successes, failures and everything in between. Running a business is hard work so why not learn from business owners who are currently building or who have built a business. PODCAST SPONSOR Team Building Experiences are a nationwide team-building company who are experts in Keeping Things Fun for companies. With a wide range of mobile events such as Game Shows, Sports Days, Crystal Challenge, and more, there is something for every company. Visit Team Building Experiences - https://bit.ly/tbe-pod and quote PODCAST15 to receive 15% off your next team-building event. VALUABLE RESOURCES Guest Website - https://philfraser.co.uk/ Host Website – https://beacons.ai/wbtb EPISODES TO CHECK OUT NEXT Episode 4 - How I Built a £6 Million Revenue Print and Promotional Business by The Age of 24 - Taylor Tassie Episode 5 - How I Built a Global Tech Events Business and Thrived in the Pandemic - Johnny Edser Episode 6 - How I Built a Digital Marketing Business and How I Exited - Alex Minchin ABOUT THE HOST Daniel Osullivan is the CEO of The Experience Specialists Group we have brands in the events, entertainment and media industries including Red Cactus Events, Team Building Experiences, Shizzoo.co, Football Zorbing UK, Nel Events and X Event Solutions. CONNECT & CONTACT Daniel Osullivan Daniel Osullivan Linkedin Page Email: daniel@webuiltthisbusiness.co.uk We Built This Business Podcast Website - https://beacons.ai/wbtb Podcast Linkedin Page - https://www.linkedin.com/showcase/we-built-this-business-podcast/ Podcast Instagram Page - https://www.instagram.com/webuiltthisbusiness/ Facebook Page - https://www.facebook.com/profile.php?id=61558034352661 Donation: Every week that we release an episode of We Built This Business we give £10 to our Charity the British Heart Foundation - https://www.bhf.org.uk/ (Started 21.05.2024 we hope to donate £520 a year)
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