Maximizing Your Exit Sale Price With Josh Dittrich

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!

Book a free call with Josh and grab his free ebook – Grab this free resource from Josh!

Key Actionable Advice

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.

Show Notes

[4.00] Josh shares his journey into entrepreneurship. He moved from Iowa to Minnesota pursuing video broadcasting in college but fell into ecommerce and entrepreneurship thereafter. While he spent a number of years in BestBuy, his desire to make an impact and to make a difference led him to leave his job to a small ecommerce business where he learnt his craft. He eventually started his Amazon FBA business as a side hustle and it grew to be a full business that had $10 million in annual revenue which he has since exited.

[8.40] Josh grew his company to sell over 200 white label products on Amazon.

[11.10] Josh shares how the Amazon FBA industry has evolved since he started 10 years ago. While there are more tools to make the process easier, the amount of competition today has skyrocketed.

[13.40] The benefit of Amazon FBA is that as you scale your sales, you don’t need to scale the number of employees on your team as much as you would in a traditional distribution business.

[16.30] While Josh enjoyed building his Amazon FBA, he eventually decided to exit the business because the right opportunity came up.

[20.00] When planning for an exit, make sure that your accounts (are accrual based and not cash based) and documentation are in order. Also make sure that your intellectual property is protected.

[24.40] Josh shares how he went through the process of speaking to over 30 aggregators to negotiate the best price for his business and this got him featured on Forbes and Business Insider. Josh now helps others with Branded Seller exit their Amazon FBA business for the best price with the knowledge and relationships he has built.

[30.15] Brokers typically charge 8% commission for introducing a buyer and helping to close the deal. Josh however felt that they were very transactional about the whole process, and that it was not necessary for sellers to rely on these brokers. Josh is now offering his services to help sellers for free, and he only charges the buyer for introducing companies.

[32.10] Josh and Ted discuss about the M&A process.

[37.20] For Amazon FBA companies, since most of the products sold of white label, the true value in the company is the ability for the company to continue to generate sales through rankings and reviews. It is therefore important to create something that is defensible. For Josh, he made sure his products were unique compared to the existing competition and having his manufacturers produce something unique for him. Get creative!

[41.00] Josh shares stories about the customers that he has helped with Branded Seller. Josh helps companies grow and helps them position their company and brand to succeed.

[This transcript has been automatically generated by a digital software and will therefore  contain errors and typos. Please kindly take note of this and only rely on the digital transcript for reference.]

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Maximizing Your Exit Sale Price With Josh Dittrich

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!

Book a free call with Josh and grab his free ebook – Grab this free resource from Josh!

Key Actionable Advice

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.

Show Notes

[4.00] Josh shares his journey into entrepreneurship. He moved from Iowa to Minnesota pursuing video broadcasting in college but fell into ecommerce and entrepreneurship thereafter. While he spent a number of years in BestBuy, his desire to make an impact and to make a difference led him to leave his job to a small ecommerce business where he learnt his craft. He eventually started his Amazon FBA business as a side hustle and it grew to be a full business that had $10 million in annual revenue which he has since exited.

[8.40] Josh grew his company to sell over 200 white label products on Amazon.

[11.10] Josh shares how the Amazon FBA industry has evolved since he started 10 years ago. While there are more tools to make the process easier, the amount of competition today has skyrocketed.

[13.40] The benefit of Amazon FBA is that as you scale your sales, you don’t need to scale the number of employees on your team as much as you would in a traditional distribution business.

[16.30] While Josh enjoyed building his Amazon FBA, he eventually decided to exit the business because the right opportunity came up.

[20.00] When planning for an exit, make sure that your accounts (are accrual based and not cash based) and documentation are in order. Also make sure that your intellectual property is protected.

[24.40] Josh shares how he went through the process of speaking to over 30 aggregators to negotiate the best price for his business and this got him featured on Forbes and Business Insider. Josh now helps others with Branded Seller exit their Amazon FBA business for the best price with the knowledge and relationships he has built.

[30.15] Brokers typically charge 8% commission for introducing a buyer and helping to close the deal. Josh however felt that they were very transactional about the whole process, and that it was not necessary for sellers to rely on these brokers. Josh is now offering his services to help sellers for free, and he only charges the buyer for introducing companies.

[32.10] Josh and Ted discuss about the M&A process.

[37.20] For Amazon FBA companies, since most of the products sold of white label, the true value in the company is the ability for the company to continue to generate sales through rankings and reviews. It is therefore important to create something that is defensible. For Josh, he made sure his products were unique compared to the existing competition and having his manufacturers produce something unique for him. Get creative!

[41.00] Josh shares stories about the customers that he has helped with Branded Seller. Josh helps companies grow and helps them position their company and brand to succeed.

[This transcript has been automatically generated by a digital software and will therefore  contain errors and typos. Please kindly take note of this and only rely on the digital transcript for reference.]

Click To Subscribe

Ready To Start Your Business?

Download the One Stop Business Plan for a free step-by-step guide on how you can chart out a comprehensive business plan quickly and effectively.

Ready To Start Your Own Business?

Download your free copy of the One Stop Business Plan today!

Success! Now check your email to confirm your subscription.

Ready To Start Your Own Business?

Download your free copy of the One Stop Business Plan today!

Success! Now check your email to confirm your subscription.

Ready To Start Your Own Business?

Download your free copy of the One Stop Business Plan today!

Success! Now check your email to confirm your subscription.