#025 - Mistakes to AVOID When Selling Your Ecomm Biz! 🚫 🛜
Crypto Collective · Matthew Fraser
Audio is streamed directly from the publisher (podcasts.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
In this episode of Amazon Ecom Secrets, host Matthew Fraser discusses the decision to sell your Amazon or Shopify-based business. He explores the pros and cons of selling, emphasizing the importance of considering individual circumstances and the value of unique aspects like patents. Whether you're a seasoned seller with years of investment or a budding entrepreneur, Fraser provides insights to help you make an informed decision about selling your e-commerce business.
Join Matthew's FREE community and get the EXACT 8 Steps to 8 Figures Blueprint, that Matthew used to generate over AU$40 million in sales across Amazon and Shopify for FREE: https://bit.ly/8StepsTo8Figures
If you're seeking mentoring to elevate your ecommerce biz, Matthew offers one on one and group mentoring options, book a FREE discovery call to chat with him here: https://calendly.com/matthew_fraser/free-discovery-call
Follow Matthew:
https://www.instagram.com/immatthewfraser/
https://www.tiktok.com/@immatthewfraser
https://www.facebook.com/immatthewfraser/
Timestamps
00:00:00 - Introduction
00:00:31 - Pros and Cons of Selling Your Amazon Business
00:01:02 - Building and Valuing Your Amazon Business
00:02:19 - Reasons for Selling Your Business
00:03:34 - Calculating the Sale Price
00:05:01 - Importance of Consulting a Professional Accountant
00:06:04 - Potential Downsides of Selling Your Business
00:07:07 - Personal Story: Considering Selling My Business
00:08:00 - Consulting a Business Broker
00:08:44 - Key Advice from the Business Broker
00:09:59 - Renegotiating Contract Terms
00:11:04 - Protecting Your Business in Case of Owner's Sale
00:12:25 - Simplifying Business Ownership Transfer