Lessons from 20 Years of Ecommerce
Drew Sanocki: "You make most of your money on the exit."
Episode 400 of the The Unofficial Shopify Podcast podcast, hosted by Drew Sanocki, Kurt Elster, titled "Lessons from 20 Years of Ecommerce" was published on April 12, 2022 and runs 51 minutes.
April 12, 2022 ·51m · The Unofficial Shopify Podcast
Summary
Drew Sanocki: "You make most of your money on the exit."
Episode Description
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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Help the show
- Ask a question in The Unofficial Shopify Podcast Facebook Group
- Leave a review
- Subscribe wherever you get your podcasts
What's Kurt up to?
- See our recent work at Ethercycle
- Subscribe to our YouTube Channel
- Apply to work with Kurt to grow your store.
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