The Opportunity Ep.15: How to Acquire like a 7-Figure Ecommerce Expert

In this episode of The Opportunity Podcast, we will be speaking with Mike Jackness, co-founder of EcomCrew, a community, podcast, and resource for ecommerce entrepreneurs. Mike’s a 7-figure ecommerce expert here to share everything in the ecom world and how he makes acquisitions.

Mike takes a deep dive in his interview on the challenges, wins, and businesses that have shaped his ecommerce knowledge. He takes us step by step through his process of acquiring a new ecommerce business, from raising capital, due diligence, negotiations, to a successful close. Mike’s calling for a breakout year for ecommerce sales and goes over how to navigate the changes in ecommerce and still build a future proof business. As a trusted voice in the ecommerce community with a powerful portfolio to back him up, Mike’s interview is one you won’t want to miss if you’re an ecommerce entrepreneur.

Sit back, grab a coffee, and get ready to learn the building blocks of acquiring and succeeding in the ecommerce space.

Listen to This Episode

Topics Discussed in this episode:

• How Mike has used an SBA loan on his recent acquisition
• How to acquire a business from someone you know
• The importance of profits over revenue
• How tracking inventory proves to be difficult in due diligence
• Why you should find a defensible product with intellectual property
• The future of Amazon and how to deal with the competition they bring

Mentions:

• • Empire Flippers Podcast
  • Empire Flippers Marketplace
  • EcomCrew
  • Ecommerce fuel
  • Million Dollar Sellers
  • “Traction” by Gino Wickman
  • Listing #48259

* A quick update: one of our chosen listings is no longer on the marketplace but don’t get too disappointed! We have another great listing that ticks some of the same boxes. Listing #49028 an Amazon FBA, Amazon FBM, and ecommerce business created in March 2014 in the pet care, children, office, and home niches making $34,101 on average per month in net profit.

We hope you enjoy the episode! Have interesting insights on growth opportunities in online business? Know any useful tips when it comes to growth? Either way, leave us a comment below, give us a shout on your favorite social media platform, or leave us a great review if you’re loving the show.