The Ecomcrew Ecommerce Podcast

E517: How Mike Is Squeezing Out As Much Profitability As Possible Before Selling


Listen Later

Mike and Dave discuss the strategies that Mike's put in place to squeeze as much profitability as possible to gain maximum value out of his business when he goes to sale. 

Back in July, I announced on the podcast recently where my headspace has been at and the events that lead to the possible reasons why. 

At the start of August, the wheels were set in motion and I ended up selling 2 more ecommerce brands.

Dave and I ended on a cliffhanger on that episode, and this is the official Part 2 where Dave and I talk about what I've been up to and how I've been squeezing out as much profitability as possible before selling – from Avoiding Amazon's HUGE Inventory Costs, to using Freelancers to make up for manpower and more, you won't want to miss this one.   

Here's a few chapter markers that you can easily refer to: 

Audio Timestamps: 

  • Introduction – 0:00 
  • A Quick Recap – 1:13
  • Creating New Reports to Make Things Efficient – 2:43
  • How Dave Automates Forecast Reports – 7:45
  • How Mike Avoids Amazon's New Storage Costs – 10:06
  • How Dave Deals With Inventory – 18:13
  • Shifting to One Employee: What Roles Are Essential? – 25:11
  • Essential Roles Dave Hires For – 29:05
  • The Real Costs of Employees – 32:55
  • A Short Discussion About PPC – 36:14
  • Pricing and Coupons – 37:08 
  • Hidden Gem: Bulk Packs – 41:38
  • The Challenge of Accurate Bookkeeping – 43:31 
  • The Last Tip: 2% Cashback Rewards – 50:22

Stay tuned as we continue to update on our future plans, and for our special PPC episode we're planning for!

I hope you took away some valuable profit-saving insights from this episode. Don’t forget to leave us a review on iTunes if you enjoy our content. If you have any questions, feel free to reach out to [email protected].

Happy selling and I’ll see you on the next one!

...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

296 ratings


More shows like The Ecomcrew Ecommerce Podcast

View all
Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! by Spencer Haws: NichePursuits.com

Niche Pursuits Podcast: Find Your Next "Niche" Business Idea!

190 Listeners

eCommerce Fuel by Andrew Youderian | e-Commerce Entrepreneur

eCommerce Fuel

312 Listeners

Capitalism.com with Ryan Daniel Moran by Capitalism.com

Capitalism.com with Ryan Daniel Moran

729 Listeners

Shopify Masters by Shopify

Shopify Masters

372 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

503 Listeners

Built to Sell Radio by John Warrillow

Built to Sell Radio

210 Listeners

Perpetual Traffic by Tier 11

Perpetual Traffic

748 Listeners

Founders by David Senra

Founders

1,876 Listeners

Noah Kagan Presents by Noah Kagan

Noah Kagan Presents

908 Listeners

My First Million by Hubspot Media

My First Million

2,618 Listeners

Acquisitions Anonymous - #1 for business buying, selling and operating by Bill D'Alessandro, Mills Snell, Heather Endresen, and Michael Girdley

Acquisitions Anonymous - #1 for business buying, selling and operating

243 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

185 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

352 Listeners

OPERATORS by OPERATORS

OPERATORS

45 Listeners

Moneywise by Hampton

Moneywise

640 Listeners