E310: What To Look For When Investing In A Business with Andrew YouderianApril 13, 2020 in Ecom-Crew-Podcast
Happy Monday! I hope that you’re doing well and staying safe in these crazy times.
Keeping an ecommerce business afloat while also going through a pandemic is quite the challenge. With the borders closed, Amazon FBA services delayed and most 3PLs either closed or working at low capacity, it’s definitely a challenging start to the year for most, if not all of us entrepreneurs.
One thing that’s going to help some of these businesses stay afloat is looking for investors.
So in today’s episode, I sit down and talk to Andrew Youderian, a friend of the show who just recently launched a new project: Ecommerce Fuel Capital, and how it can help some businesses stay afloat in these hard times. We talk about what Ecommerce Fuel Capital exactly is, the people who’ve partnered up with Andrew, and specifically, the characteristics that Andrew’s looking for in a business to invest in.
I’ve done an episode on the Podcast before about the criteria I’m looking for, but in this episode, Andrew and I discuss in-depth about the several factors that both of us chose.
I think that today’s episode will definitely be insightful. People who are new to the industry will know about the characteristics that their businesses should strive for, while seasoned entrepreneurs can take a peek into what Andrew and I are thinking of when looking at businesses to acquire.
If you’re looking to sell your business, and you feel like your business fits these categories, feel free to message me at [email protected].
Are you an ecommerce seller that’s hit the million dollar revenue mark? Through Ecommerce Fuel, you’ll be able to find and talk to several other experienced sellers to discuss strategies, share Amazon woes, and learn several tips to edge out your competition. Find out more here!
Keeping track of your Amazon business doesn’t have to be difficult. Through JungleScout, you can find everything you need in one place! JungleScout is the all-in-one tool to use when keeping track of your brands, and is something we still use today. You can learn more about JungleScout in this course where Greg Mercer and I go over product, keyword AND supplier research for all of those that wish to start entering a new niche, along with so much more. Sign up to learn more.
Thanks for listening to this episode!
Until the next one,
Michael started his first business when he was 18 and is a serial entrepreneur. He got his start in the online world way back in 2004 as an affiliate marketer. From there he grew as an SEO expert and has transitioned into ecommerce, running several sites that bring in a total of 7-figures of revenue each year.