Your Biggest Payday Might Come from Selling Your Amazon Business – 255
We are back from the Prosper conference where we focused on sharing best practice education and providing significant networking opportunities for established Amazon sellers. We thought we’d hit the ground running with one of the biggest takeaways! Selling your e-commerce business. Should you sell it? When is the best time to sell? How does it all work?
In this episode of the AM/PM Podcast, Tim Jordan speaks with Ben Leonard, a millennial entrepreneur and international businessman exploring what it takes to grow a business worth selling and learning from your mistakes to fuel your future in selling on Amazon.
What’s the biggest moneymaker? Passion. Ben talks about how he fell into his passion and how important it is for an entrepreneur of any type to find theirs.
“Regardless of whether you have the money or not, passion is essential. If you are building a brand related to knitting, be passionate about knitting,” says Ben.
Ready to find financial success through your passion? Want to learn more about the secrets to successful Amazon selling? Listen in to Tim and Ben tackle daunting questions like, “Do I need a lot of cash to get started?” “Why would I consider a partnership?” and “How can I get the right buyers to the bidding table?”
In episode 255 of the AM/PM Podcast, Tim and Ben discuss:
- 04:00 – A Doctor’s Advice Opens the Door to E-Commerce
- 05:45 – Building and Selling a 7-Figure Online Business
- 08:00 – Why Didn’t Ben Sell in the US?
- 09:45 – Is There “Meat on the Bone?”
- 13:00 – Make Sure the Right Buyers are at the Bidding Table
- 15:30 – You Need to Have Your Numbers Sorted Out
- 18:00 – With Hindsight, How Would Ben Have Adjusted His Strategies?
- 22:00 – Is Bigger Better?
- 28:20 – Why Consider a Partnership?
- 31:30 – Dealing with Business Timelines
- 33:00 – Will There Be an Amazon Resale Bubble?
- 35:45 – Balancing the Emotional with the Analytical
- 38:15 – Be Prepared to Sell, It’s Just Good Business
- 41:00 – How to Reach Out to Ben
Enjoy this episode? Be sure to check out our previous episodes for even more content to propel you to Amazon FBA Seller success! And don’t forget to “Like” our Facebook page and subscribe to the podcast on iTunes, Google Play or wherever you listen to our podcast.
Want to absolutely start crushing it on eCommerce and make more money? Follow these steps for helpful resources to get started:
- Get the Ultimate Resource Guide from Tim Jordan for tools and services that he uses every day to dominate on Amazon!
- New to Selling on Amazon? Freedom Ticket offers the best tips, tricks, and strategies for beginners just starting out! Sign up for Freedom Ticket.
- Trying to Find a New Product? Get the most powerful Amazon product research tool in Black Box, available only at Helium 10! Start researching with Black Box.
- Want to Verify Your Product Idea? Use Xray in our Chrome extension to check how lucrative your next product idea is with over a dozen metrics of data! Download the Helium 10 Chrome Extension.
- The Ultimate Software Tool Suite for Amazon Sellers! Get more Helium 10 tools that can help you to optimize your listings and increase sales for a low price! Sign up today!
- Protect Your Amazon Brand with a Trademark! Protecting your brand from hijackers is vital. SellerTradmarks.com provides a streamlined process for obtaining a trademark for your business and shielding your products from fraud!
- Does Amazon Owe YOU Money? Find Out for FREE! If you have been selling for over a year on Amazon, you may be owed money for lost or damaged inventory and not even know it. Get a FREE refund report to see how much you’re owed!