Many people underestimate the process it takes to start selling on Amazon. For example, Amazon is now increasingly asking for a utility bill or invoice. And it’s not easy to get through.
Many sellers have their accounts frozen, and those who have just signed up with Amazon may not let them through at all. And many sellers want to start or continue their business as early as possible.
When I was faced with that too, I was no longer burning my Amazon business. But I spared no effort and spent a lot of time increasing my sales and didn’t want to just close my account and move on. So I decided to sell my business and killed two birds with one stone: helped motivated sellers get back in business…and plus, I parted with mine profitably.
If you somehow created a seller account on Amazon but realized it wasn’t for you, or maybe you just want to focus on something else, then I’m ready to help you find a profitable way out of that situation! In this article, I’ll tell you how do i sell amazon business and what issues I encountered when I decided to sell.
How to sell amazon business step-by-step
We know that selling a business takes a lot of work. That’s why we want to highlight four main steps you should take care of:
- Choose a sales strategy: If you have enough time and experience, you can sell your business on Amazon without a broker, thus saving money (brokerage fees are usually high).
- Protect your information: After you contact interested buyers, they must sign a non-disclosure agreement (NDA). This agreement guarantees their commitment to protecting your confidential data.
- Due diligence: This is one of the most important steps for anyone looking to sell an Amazon FBA business. This phase provides the buyer with the opportunity to check important metrics that include previous profits, growth, customer reviews, inventory, and details of business operations. Make sure your business is ready for this stage and you’re already halfway there with the final steps to closing the deal.
- Sign the APA: If you’ve managed to make it all the way through and reach the APA appointment stage, well, congratulations. At this point, there’s not much left to do other than agree on the terms of the deal, such as the sale price and other key details regarding the transaction. Once you and the buyer have signed the document, you’re ready to pop the champagne.
How to Sell Your Amazon Business FAQs
- Can I sell my amazon fba business?
This was the very first question that came to my mind when I realized that my business no longer interested me.
Yes, you can transfer an Amazon account. The buyer has to create a new seller account and move the business in the mitigation process. An e-commerce lawyer or specialist from a broker who has done this before will be able to provide advice in this process. If done incorrectly, the account will be suspended for several weeks as any changes to the account trigger Amazon’s fraud prevention software. The transfer should be done in stages – do not make all the changes at once (bank account, registered email address, etc.).
- Where can I sell my amazon business?
Цe cannot say enough about the importance of working with a broker or brokerage firm to sell your Amazon business (for example with WebSite Closers). Although they charge a fee, they know how to negotiate, how to handle the legal side of things (or at least who to contact if anything comes up), how to best value the business, and how to sell a business at all. They can do a lot of the work while you focus on continuing to run your business or starting your next venture.
In a few ways, selling a business is not much different than selling a house, car, or another high-value asset. You (through your broker, who will do much of the heavy lifting here) need to create marketing materials. You need to consider pricing (although you will discuss this with your broker, so we won’t go into detail here).
If your broker is doing most of this for you, the best thing you can do is work with them and make sure you provide them with all the information you can and answer their questions.
- How to increase the value of a business?
- Keep your books tidy: To have all the right numbers to show your potential buyers, keep your books accurate. These books can prove that your business is profitable and clearly show revenue streams, which is vital for a transparent acquisition process. In addition, neat books can even help you command a higher price when selling your business on Amazon.
- Maintain relationships with suppliers: Suppliers are a central part of your business. Without a supply of products, your business is doomed to fail. Not only is it important to build strong relationships with suppliers, it’s important to make sure you’re working with a reliable supplier who delivers high-quality products on time.