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Episodes
Thursday Nov 05, 2020
#40 - How to sell your eCommerce business
Thursday Nov 05, 2020
Thursday Nov 05, 2020
Selling an online business can be an overwhelming process that carries with it a lot of uncertainty and requires tremendous patience and trust in the system.
Brad Wayland, of Quiet Light Brokerage, represents sellers and helps them prepare for selling so they can get the maximum return on their sale. In this episode Brad dives deep into what it takes to sell a business, exit planning and how to use acquisitions as a strategy to grow an eCommerce business.
Brad is an entrepreneur who began working in the online space in 2003. He has a wide range of experience operating and marketing online businesses. Brad became friends with Mark, the founder of Quiet Light Brokerage in 2015 and it led to him becoming an advisor.
Takeaway #1 Always be in a position to very quickly lay out all the financials for an interested buyer.
Takeaway #2 A business will generally sell for what it’s worth. Don’t over price it.
Takeaway #3 If capital is not your biggest issue then the easiest way to grow is to acquire. You can literally buy the success that you want.
Connect with Brad
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