Practical business lessons for the real world.
Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.
Amazon Aggregator Dirty Tricks When Buying Your FBA Business
Manage episode 325697079 series 1461986
โดย Michael Veazey และถูกค้นพบโดย Player FM และชุมชนของเรา -- ลิขสิทธิ์นี้เป็นของผู้เผยแพร่ ไม่ใช่ Player FM โดยมีการสตรีมเสียงโดยตรงจากเซิร์ฟเวอร์ผู้เผยแพร่ กดปุ่มติดตามเพื่อติดตามการอัพเดทใน Player FM หรือวาง URL ฟีดนี้ไปยังแอพพอดคาสท์อื่น
There has probably never been a better time to sell a quality Private label or customer product business. The meteoric rise of Amazon aggregators since about 2020 has meant a jump in the competition for buyers of Amazon-based businesses. What does this mean? Well, an Amazon business with the same exact profit might be worth twice now what is was worth 2 years ago. However, this buying frenzy can lead to private label business owners making a series of mistakes when it comes to selling their businesses. In the normal course of M & A (mergers and acquisitions), both the seller and buyer of the business understand the process. But in the e-commerce space, private label business owners with no understanding of mergers often sit across from educated buyers with Stanford business degrees. There is a knowledge gap that is potentially dangerous for the business owners. An unwise business seller can end up exaggerating that danger to themselves. That could show up in relation to the business itself, commonly in dodgy financial data, exaggerated revenue claims, faking reviews or black hat operating tactics. It could also be around the deal itself. Taking renegotiation personally, allowing a deal structure that is not right for you or allowing the buyers to force exclusivity on you are some classic errors. Listen to today’s podcast to find out what these errors are - and how to avoid them. What you’ll learn Be clear and understand it’s all about the buyer getting the best possible deal - it’s business! Lowball offers after Due diligence checking LOI that looks good and giving buyer exclusivity Looking into Unreasonable stability fund Understanding Buyers That Are Not Like This Be honest about why you’re selling Letting go of your staff - but not bringing it up People working for them not very professional in an interview Resources mentioned Aepic Sellers