AS 82: Selling Your Amazon FBA Business for Millions with MindBay

Today I’ve got two invincible kings on the show – Wilson who is the founder of Mindbay, a specialized Amazon brokerage firm who has handled over 50 transactions in the last 3 years. Wilson has been an online entrepreneur for over 20 years and has operated an Amazon shop himself.

Hameed Hemmat, also a partner in Mindbay, has a background in App development specifically with iOS apps. He sold his app business recently that he was running for 5 years. He also operates a successful eComm store in the indoor grow space.

In this episode, you'll learn:

* How to sell your Amazon FBA Business

* How Mindbay sells Amazon and App businesses

* When to sell your Amazon FBA Business

* Why to sell your Amazon business

* Best practices for selling your Amazon Business

* Getting acquired

* What you need to do before getting acquired

* A very detailed step by step process that is involved

And much more!

Mindbay Exclusive - Free quote on your Amazon FBA Business

http://amzsecrets.com/82

DAVID ALADDIN: Great to have you on the show, guys!

HAMEED HEMMAT: Thank you for having us!

WILSON: Thank you! Nice to meet you, Dave!

DAVID ALADDIN: By the way, this is the first episode where we’ve had two guests on the show at the same time. Can you guys take us to the beginning before Mind Bay? Where did your journey begin?

WILSON: Hameed, I’ll let you start there.

HAMEED: Yeah, let’s see… Well, I started in the app business… I am going to get to how me and Wilson met… But I started in the app business about five years ago. This was during I guess you can call the gold rush of the risk-in era where anyone who’s somewhat familiar with app development started in 2011/2012. Me and a friend of mine, we partnered up, we built about seven portfolios, meaning seven developer portfolios with over 400apps. Just recently… The way I met Wilson actually was through a brokerage because I was looking to sell my business over the past year. And Wilson ended up buying my business, so…which ended working out great, and then we became really good friends. And then we saw, you know, I guess you can say a gap in the marketplace with brokerages. And no disrespect to the brokerages, I worked with these guys, they are great. But we just saw that we could offer a better service and help other business being able exit their businesses. So, we decided to partner up, plus we became good friends and that’s kind of how we got to where we are at today.

DAVID ALADDIN: What about you, Wilson?

WILSON: Okay, so yeah, my background…well, my educational background is in engineering, so I have a system based background. But my career really started to focus on entrepreneurship and so I’ve been involved in probably over fifty different businesses at different level ranging from the CEO of one billion dollar plus firm to a total startup. So, I’ve done a lot of different things. Really my strengths are really systems based implementation, so, picking a business and scaling it, specifically in the sectors of ecommerce, Software and also marketplaces. So this is kind of where I’ve dedicated my focus. Mind-Bay was founded because I realized at one point that in order to sort of find business opportunities. Building it was why I started it, but it was hard to do because I guess setup of any business takes time. So, I just decided that the best way to approach being a serial entrepreneur is to acquire the business. And what I did was I created Mind-Bay primarily as an acquisition for acquisition.