million dollar case study europe – session #18 – scaling an amazon business

18
SESSION 3: Supplier Outreach & Product Selection T H E M I L L I O N D O L L A R C A S E S T U D Y E U R O P E

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Page 1: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

SESSION 3:

Supplier Outreach & Product Selection

T H E M I L L I O N D O L L A R C A S E S T U D Y

E U R O P E

Page 2: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Giveaway Prize Winners!

Extension Winner

Cedric CoinelHi Greg and Kim and all jungle scout team! Thanks you so much for giving us hope of a better future!!!

Web App Winner

Web App Winner

Page 3: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Jungle Slumber Updates

Page 4: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Jungle Slumber Updates

www.productsphotography.co.uk

Page 5: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Jungle Slumber Updates

◍ Our Amazon Europe Account got approved ◍ Inventory is on it’s way to the UK via Air & Ocean◍ The product listing has been created◍ Launch strategy full steam ahead

Page 6: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Introducing Alex Champagne

● Sales Manager at Empire Flippers● Past: web design agency & growth consulting● Working remote in Medellin, Colombia● Background in FBA (Exited to Partner)

Page 7: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

About Empire Flippers

● Help Others Buy, Sell, and Invest in Online Businesses

● Brokered Over $40 Million Total● Inc. 500 Company (2 Years)● Sold Hundreds of FBA, Ecommerce and

Shopify Stores● Biggest FBA Broker

Page 8: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

What We’re Going To Cover

◍ FBA Scaling Strategies◍ Maintaining and growing an FBA

Business◍ Prepping and Selling an FBA business◍ Examples of FBA businesses sold

Page 9: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

FBA Scaling Strategies

Launch > Scale > Increase Profits

Method #1: Add more SKUs

Page 10: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

FBA Scaling Strategies

Method #2Sell in more than one Marketplace

International ecommerce business considerations?

◍ Tax & VAT◍ Importing◍ Legal & business

entities

Page 11: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

FBA Scaling Strategies

Method #3Build A Website

◍ Technical ability◍ Marketing budget◍ Data capture◍ Brand building

Page 12: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

FBA Scaling Strategies

Method #4 Frequently bought together

- Identify products bought together on Amazon- Source that product

Page 13: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Maintaining A Healthy Business

◍ Understanding your financials ◍ Use 3rd party warehousing◍ Priority: Increasing order quantity◍ Don’t let business decline before

selling

Page 14: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Selling An Amazon Business

◍ What to do before you sell?◍ Average sales multiples around 23x◍ 74 Day Average to sell FBA◍ Private sale vs Broker?◍ Increasing your sale price

Use our valuation tool: empireflippers.com/valuation-tool

Page 15: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

$1.7M FBA Example

◍ 30x Sale◍ 2.5 years old◍ 12 Month Average◍ 20+ SKUs◍ US, UK, Germany◍ Outdoor Sport Niche

Page 16: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

$500k FBA example

◍ 22x Sale◍ 12 months old◍ 5 Month Average◍ $22.8k /month◍ 1 SKU◍ Only Amazon US

Page 17: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Q&A

Page 18: Million Dollar Case Study Europe – Session #18 – Scaling An Amazon Business

Join us next Wednesday for the last session before the holidays, for a full recap on the progress of ALL the case study

products: Jungle Stix, Jungle Snugs and Jungle Slumber

Register for FREE at junglescout.com/million