#377 - Inside the Secretive and Thriving Marketplace of Buying and Selling Amazon Accounts
Ever wondered what happens to those Amazon accounts that fall by the wayside, or how you could swiftly step into the e-commerce arena with an established online store? Join me as I sit down with the pioneering pair, Yoroslav from Ukraine and Aaron from the UK, who have carved out a fascinating niche in the Amazon ecosystem, wheeling and dealing in the trade of Amazon accounts. Their tales of growth, from Aaron's modest outset with Amazon selling to Yaroslav's foray into the world of online auctions, underscore the diverse pathways to success in this digital bazaar.
In our conversation, we pulled back the curtain on the logistics and strategic finesse required to run a bustling Amazon operation. The duo spills on the value of robust systems and processes when scaling up, and how a team of 40 to 50 can effectively manage a portfolio of high-revenue brands. Our guests don't shy away from the gritty details either.
As the episode unfolds, we examine the nuts and bolts of acquiring and transitioning online stores, revealing the intricacies of valuation and the due diligence required to sidestep potential landmines. Yaroslav's knack for creating a thriving marketplace for these digital storefronts paints a picture of a sector where auctions are commonplace and the rules of the game are constantly evolving. Whether you're an e-commerce veteran or new to the marketplace hustle, this episode offers key lessons and insights into a side of Amazon that remains shrouded in mystery to many.
In episode 377 of the AM/PM Podcast, Kevin, Aaron, and Yaroslav discuss:
- 00:00 - Exploring Buying and Selling Amazon Accounts
- 08:49 - Amazon Partnership and Selling Journey
- 18:19 - Selling and Acquiring Amazon Stores
- 20:59 - Acquiring and Selling Amazon Stores
- 25:06 - Selling Amazon Stores and Closure
- 26:42 - Acquiring and Selling Dormant Amazon Stores
- 29:47 - Acquiring and Transferring Online Stores
- 31:03 - Due Diligence for Selling a Store
- 36:53 - Acquiring and Selling Stores
- 40:40 - Exploring Opportunities in the Amazon Marketplace
- 41:05 - Jay-Z's Journey to Meet Amazon Execs
- 45:11 - Demand for Partnership With Online Sellers
- 47:28 - Understanding Amazon Accounts
- 53:29 - Wearable Technology Opportunities
- 54:00 - Buying and Selling Amazon Accounts
- 54:47 - Kevin's Words Of Wisdom