Serial entrepreneur Drew Sanocki shares his career learnings after starting, buying, running, or selling numerous ecommerce businesses.

Notable quotes:

• "You make most of your money on the exit."
• "Buying a business reduces the risk... its the ultimate shortcut"
• "Valuations change over time. Growing ecommerce businesses can sell for 5-8x EBITDA"

We discuss:

• Selling furniture as one of the earliest dropshippers in 1999
• The specifics on buying oVertone Haircare with Ezra Firestone
• What makes a business attractive as a purchase
• The importance of retention marketing

Show Links

• oVertone
• AutoAnything
• DuoPlane
• Powerful by Patty McCord
• #341 - RFM Segmentation with Juliana Jackson
• Post Pilot - The Godfather offer! They'll build the first campaign for you and send them.

Sponsors

• Free 30-day trial of Zipify OCU - To get an unadvertised gift, email [email protected] and ask for the "Tech Nasty Bonus".
• Back up your store with Rewind
• Try Bold Product Upsell, free trial
• Privy: The Fastest Way To Grow Sales With Email & SMS

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