Episode description
Josh Dittrich is a father of five who recently sold a private-label Amazon FBA business that he sold for eight figures after he personally contacted over 30 aggregators to maximize his exit sale price and to manage the process personally. Josh’s approach was so revolutionary that he has since been feature on Forbes and Business Insider and is even writing a book on the process. Today he has founded Branded Seller and he is also an Amazon FBA Exit Advisor and he is passionate about maximizing your exit sale price.
Join us today as Josh shares how he built his Amazon FBA empire, how he subsequently exited it at the best possible price, and how he is now help others achieve the same without charging them the steep 8% commission rates that brokers currently charge.
Resources:
https://brandedseller.com/ - Check out Branded Seller and work with Josh!
Actionable Take-aways:
1. White labelling products is a great way to get started on ecommerce. Like Josh you can create over 200 products and sell the same on Amazon by engaging manufacturers and relying on Amazon’s distribution system.
2. Always have your accounts and documents in order. The same is necessary in order for you to achieve a successful exit and a good price.
3. While brokers can help make the relevant introductions and to close a deal, they will not likely be as invested as you are to achieve the best outcome for you. Be aware of the huge commission that they take. Consider alternatives like Josh did and see if you can contact any aggregators or industry players yourself.