Why I SOLD My Multi-Million Dollar Amazon FBA Business (I QUIT).
Read the blog post: https://www.mylesdunphy.com/blog/why-...
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Other resources:
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I sold my Amazon business. I’m done, I’m out of the Amazon FBA game. I quit.
After 5 years of pouring blood sweat and tears into the FBA game, a lot of stressful, sleepless nights and some excruciatingly painful moments.. I’m done.
So in this video I’m going to explain
WHY I decided now is the time to quit,
HOW it was like to actually sell my business & get out, and
WHAT I think is coming next for Amazon sellers
You might not like what I’m about to tell you. I’m going to give it to you straight in this video because this is exactly what I would tell you if you were a close friend. I have nothing to gain either way.
So if you’re selling on Amazon and you’ve thought about getting out - watch this video until the end. I just may convince you that it is the right decision.
0:00 Intro
1:00 WHY I quit
How to know when to exit:
2:13 Exiting vs passive cashflow
3:40 Is now a good time to sell (in the market)
4:50 Is now a good time to sell (in your own business)
7:00 Opportunity costs
10:50 Timing & other constraints
13:10 Is it enjoyable?
16:20 The actual process of selling my business
What I wish I knew before I sold:
18:15 Do a thorough audit
23:55 Act as if it isn’t going to happen
27:58 How it feels now after selling
29:25 IS AMAZON FBA DEAD? What comes next..
What I’d be most worried about if I was still an Amazon seller:
31:45 Inflation and increasing cost pressures.
34:55 Slowing growth.
37:25 Consolidation of the industry.
48:15 What I’m doing next
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