Why Buying an Amazon Business is Not For Beginners with Coran Woodmass

Starting a business on Amazon is a high-risk, high-reward journey. So if you are a beginner, the platform may be tricky waters for you, but we’re here to help. In this episode, FBA Broker and Summit Capital International’s Coran Woodmass will let you understand how Fulfillment by Amazon (FBA) works. We will also discuss the issues you may face as a seller on the platform, various FBA business models, doing due diligence for an FBA business, and more.  It’s a value-packed episode! So if you are planning to buy or start an Amazon business, this one's for you! Tune in now! Episode Highlights: Growth in Fulfillment by Amazon (FBA) businesses acquisition [3:50] Different types of FBA businesses [8:14] Remember, not every category is the same in FBA [15:56] The basics of doing FBA business due diligence [19:00] Identifying the sales and marketing of a business [21:41] Importance of logistics and inventory management [26:19] Understanding the issues and risks of being too reliant on Amazon [32:56] Where to buy an FBA business [38:20]   Resource Links: Buying Online Businesses Website (https://buyingonlinebusinesses.com)  Download the Due Diligence Framework (https://buyingonlinebusinesses.com/freeresources/) Visit Niche Website Builders and get EXCLUSIVE OFFERS as a BOB listener (https://www.nichewebsite.builders/bob/) Check out Odys’ great deals (http://odys.link/bobpodcast) The FBA Broker Website (https://thefbabroker.com/)   About Our Guest: Coran Woodmass started as an investor in buying and selling online businesses. In mid-2015, Coran became a broker and has been involved in numerous transactions with hundreds of buyers and sellers. After noticing a trend towards more Amazon FBA businesses being ready to sell and more buyers looking for FBA businesses to buy, he launched The FBA Broker™ in mid-2016. Four years later, he founded Summit Capital International in 2020, a company that assists business owners toward growth. If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast. You may also leave us a review anywhere you listen to and share your feedback!    Connect with Jaryd Krause of Buying Online Businesses: Follow on Facebook: https://www.facebook.com/JarydKrause1 Subscribe on Youtube: https://www.youtube.com/channel/UCQ3g6G2USlnq7EgnUsajTBw See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.