The Ecomcrew Ecommerce Podcast

E119: Under the Hood with Cory Stout Part 2 - Finding an Exit Strategy


Listen Later

In Part 1, Cory and I talked about his business, Woodies, and the SAAS subscriptions he has racked up in running his business. We went through his SAAS subscriptions and evaluated whether or not he should hold on to some of them and let go of the others. Since he has quite a long list, we continue to talk about the rest of the services he uses in the first part of this episode.

Cory then talks about an impending threat to this business: Chinese sellers. This is a problem we've seen more and more of and talked about extensively last year. The good thing is that there are many things Chinese sellers still can't do to get ahead, but we believe that it's only a matter of time before they swamp Amazon and the platform will be too small for everyone to thrive in. With that in mind, Cory and I discuss a topic that might actually be difficult to talk about--selling his business.

Here's an overview of everything that we discuss:

  • Sending traffic to Amazon from his website
  • How real the threat of Chinese sellers coming to dominate Amazon is
  • Strategies to win against Chinese sellers
  • Exit strategy advice
  • Ways to maximize the value of his business in case he decides to sell it

This has been a very interesting conversation with Cory. He definitely has his head on the right track, being quite young, and running a million-dollar business while traveling the world. He might have to consider an exit strategy for his business, but with his proven track record, finding success on a new business is something he can absolutely do.

Resources mentioned: MyEcomCrew Under the Hood E88: Exiting Your Business With Joe Valley of Quiet Light Brokerage

Thanks for listening to this episode and I hope you enjoyed it as much as I did recording it. Until next week, happy selling!

...more
View all episodesView all episodes
Download on the App Store

The Ecomcrew Ecommerce PodcastBy Mike Jackness and Dave Bryant | eCommerce, Shopify, and Amazon FBA Experts

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

297 ratings


More shows like The Ecomcrew Ecommerce Podcast

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,454 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,851 Listeners

Social Media Marketing Podcast by Michael Stelzner, Social Media Examiner

Social Media Marketing Podcast

1,453 Listeners

The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

The Side Hustle Show

1,594 Listeners

Shopify Masters by Shopify

Shopify Masters

382 Listeners

The My Wife Quit Her Job Podcast With Steve Chou by Steve Chou

The My Wife Quit Her Job Podcast With Steve Chou

1,354 Listeners

eComFuel Podcast by Andrew Youderian | e-Commerce Entrepreneur

eComFuel Podcast

315 Listeners

AM/PM Podcast by Helium 10

AM/PM Podcast

210 Listeners

Marketing School - Digital Marketing and Online Marketing Tips by Eric Siu and Neil Patel

Marketing School - Digital Marketing and Online Marketing Tips

1,265 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,482 Listeners

My First Million by Hubspot Media

My First Million

2,656 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

10,264 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

358 Listeners

Moonshots with Peter Diamandis by PHD Ventures

Moonshots with Peter Diamandis

601 Listeners

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner by Chris Koerner

The Koerner Office - Business Ideas and Deep Dives with Chris Koerner

258 Listeners