The Opportunity Ep.37: From Living off $10k a Year to an 8-figure Amazon FBA Exit
In this episode of The Opportunity Podcast, we will be speaking with Max Chu, who recently exited his Amazon FBA business for 8-figures. Max explains how he and his brother went from surviving lay-offs and bouncing back from a collapsed business to finally making a life-changing exit from their FBA business.
Max and his brother started out growing their first content sites back in 2007 monetizing them through Google Adsense. After being hit by the Google Panda and Penguin updates and lost 80% of their traffic, they were in need of a new way to make money. Max had just had a baby and trying to live off 10k a year from the site wasn’t working. That’s when they made the switch over to Amazon FBA. While doing everything they could to make ends meet, Max and his brother went all-in on their Amazon FBA business, reinvesting the profits to help them grow it to new heights. Tune in as Max explains the struggles of building an 8-figure FBA business from start to finish, what to expect when the negotiation process begins with high net-worth investors, and how to get the most from your exit with the help of a broker.
Sit back, grab a coffee, and get ready to hear an inspirational story of how one FBA seller was finally rewarded for overcoming challenges with an 8-figure exit.
Listen to This Episode
Topics Discussed in this episode:
- How to build and grow an Amazon FBA business to an 8-figure sales price
- Advice for optimizing your FBA business prior to making an exit
- Ways to set your FBA brand apart from the competition
- Optimizing your logistics
- The importance of trademarks and Amazon Brand Registry
- How a broker can protect you from lower offers in a sale.
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.