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There are 3 key tactics every entrepreneur should employ when launching or growing an online business… and today, we’re joined again by the incredible Drew Sanocki, who shares these 3 concepts and why they’re important!
We ended talking a lot about buying businesses rather than building them… did you know you can buy a cash-flowing online business for potentially as little as $1,000?
This is seriously interesting stuff, and what Drew has to share could make or break your success… check it out!
Episode 127: Show Notes
A few things we cover in today’s episode!
- Why ecommerce is such a huge opportunity for entrepreneurs…
- Why ecommerce is a straightforward place for new entrepreneurs to start…
- How to choose what to sell…
- How to gauge demand for a product using Google…
- How to see what’s selling best on Amazon…
- Why buying a company can be better than starting your own thing…
- Why passion and skill are both important… and how they’re related…
- Why private equity investing can be much, much more attractive than the stock market…
- How you can buy existing businesses for as little as $1,000…
- How to finance the purchase of an ecommerce business…
- The 3 things that can help an ecommerce business succeed…
- Why it’s important to differentiate from your competition…
- The difference between whales and minnows…
- How Drew would launch new products with his first ecommerce company… and how his launch process grew the business dramatically…
- And a lot more!
Links and Resources
- To learn more from Drew and check out everything he’s up to, head over to NerdMarketing.com! And Drew has a special gift for us… learn exactly how he grew his first ecommerce business from $0 to $1,000,000 in revenue in just over one year at NerdMarketing.com/million!
- Google Trends is a tool you can use to measure the demand for a particular product or business niche. Another tool you can use is the Google AdWords Keyword Tool, which gives monthly search volume for specific keyword searches (you’ll need a Google AdWords account to use it).
- Drew talked about buying existing ecommerce businesses rather than starting your own, which could be the right choice for many people! Drew recommends using Flippa to check out businesses you can buy.
- A few books Drew recommends include Blue Ocean Strategy by W. Chan Kim and Renée Mauborgne, Good to Great by Jim Collins, and The One Thing by Gary Keller and Jay Papasan.
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