#375 - Crafting Your Money-Making Exit with Nate Lind
Nate Lind, seasoned entrepreneur and business broker, joins me on an eye-opening journey through the thickets of e-commerce and the artful dance of business exits. Together, we peel back the layers of what it takes to thrive and survive in the competitive world of selling on Amazon, from the volatile whims of affiliate programs to the calculated strategies behind selling unique supplement brands. My own tale weaves through this narrative, sharing lessons learned from bootstrapping a business with credit card-funded inventory to finding success in niche markets like anti-aging and specialized hair care.
The conversation takes a turn to reveal the underbelly of missed opportunities and the adrenaline-fueled world of online business brokerage. As we swap stories, he unveils the evolution of Website Closers and the thriving market for digital marketing agencies, and Nate also shares his invaluable insights on the importance of timing and preparation for those looking to make their exit. The trade secrets from his book "Maximum Exit" come to life as we discuss the nuts and bolts of preparing for a business sale, including a due diligence checklist that's essential for any seller's arsenal.
As we wrap up, the Four Burners Theory comes into play, challenging listeners to consider the balance of health, work, family, and friends in the quest for entrepreneurial success. We explore the complex decision-making behind selling a business, whether it's for personal growth, health, or a new adventure. We talk about candid reflections on the post-exit paths for entrepreneurs, and how, after the dust of a sale settles, the drive to conquer new challenges often ignites anew. Join us for a deep dive into the labyrinth of online business, where strategy, timing, and intuition are your best guides to a successful exit.
In episode 375 of the AM/PM Podcast, Kevin and Nate discuss:
- 04:52 - Control of Money Flow in E-Commerce
- 09:34 - The Impact of Online Billing Scams
- 13:08 - Success in Selling Unique Supplement Brands
- 23:12 - Website Closers and M&A Marketplace Introduction
- 26:42 - Mastermind and Competitors in Affiliate Marketing
- 31:35 - Current Trends in Selling Businesses
- 33:00 - Market for Digital Marketing Agencies
- 35:26 - Digital Marketing's Role in Selling on Amazon
- 43:14 - Success in Black Hat Affiliate Marketing
- 46:38 - Navigating Challenges in International Business Transactions
- 48:48 - Preparing for a Business Sale
- 55:33 - Four Burners Theory for Selling Businesses
- 1:01:01 - Selling Business Strategies and Tips
- 1:04:30 - Words Of Wisdom Of The Week From Kevin