Episode 95: Growing and Selling Drop Shipping Businesses with Andrew Youderian
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"Part of the hard part of selling a business is not just all the mechanics behind the scene, but finding a good buyer who is honest, and who has money, and who isn't pulling your chain and can actually close the deal. And is reasonable. Those are not inconsequential things to find in a buyer." -Andrew Youderian, eCommerceFuel founder

I have an exciting episode today as I am interviewing one of the most awesome people I know, not just in ecommerce but in life in general.

Andrew Youderian is the founder of eCommerceFuel, a vetted community of high 6 and 7 figure ecommerce store owners who help each other grow their ecommerce businesses. The community hosts the annual eCommerceFuel Live event where members get to meet each other in person and share tips and actionable advice on how to successfully run their businesses.

It's one of the events I absolutely love attending and it seems I'm not the only one who shares this sentiment -- event tickets sold out hours after the event was publicly announced.

Andrew launched and sold numerous successful drop shipping ecommerce stores over the years. In this episode we talk about two stores he sold -- TrollingMotors.net) and Right Channel Radios) -- and a behind-the-scenes conversation about possibly the most interesting ecommerce store sale) he made.

Other things we talked about:

• What eCommerceFuel is and how it started
• A look back on Andrew's successful drop shipping businesses
• What triggered him to sell his businesses
• His reverse auction sale of TrollingMotors.net
• Finding a good buyer
• Insights about the sale of Right Channel Radios and whether he regretted it or not
• Is it still possible to succeed in drop shipping today?
• SEO strategy tips

We hope you enjoy this episode. If you own a store with a minimum of $250K in annual revenue and want access to a treasure trove of information to help grow your business, apply for eCommerceFuel membership here)!

Resources mentioned today:

eCommerceFuel) eCommerceFuel Live) Stamped.io) AsiaInspection) How to Sell a Business: The Open-Book Sale of My $600K Store (With Complete Financials))

You'll notice we have a different podcast format -- it's just one of the changes we are adopting moving forward. We've committed to release two episodes per week, plus we will be bring you a weekly news roundup) so you don't miss anything important in ecommerce land.

Thanks for listening to Episode 95)! Please leave us an honest review on iTunes; it will really help us out. You can also reach out to us at [email protected] for any comments or suggestions. Happy selling!