I sold my e-commerce company 5 minutes ago for multiple 6-figures
Summary
TLDRRon shares his journey of building and selling his e-commerce company, Comy Center, an orthopedic pillow brand that scaled on Dutch marketplace b.com. Initially motivated, he found the process repetitive after three years and sought a more fulfilling venture. Capital-intensive and facing challenges like Amazon account deactivation, he pivoted to YouTube automation and online coaching. Celebrating the sale of his company, Ron now aims to help others grow their income through digital assets, highlighting the contrast between the burdens of e-commerce and the freedom of online ventures.
Takeaways
- đ Ron has recently sold his e-commerce company after building it for four and a half years.
- đïž He started his brand, Comy Center, an orthopedic pillow brand, from his student room and scaled it on a Dutch marketplace similar to Amazon.
- đ Ron experienced rapid growth and expansion of his brand within the same niche of products.
- đ After three years, Ron found the e-commerce process repetitive and not utilizing his full potential.
- đž E-commerce required significant capital for inventory and reinvestment, which Ron found limiting.
- đ Despite having high monthly sales, Ron's personal life and income did not improve as much as he would have liked.
- đ« An account deactivation on Amazon for six months due to increased inventory led Ron to question e-commerce as a business model.
- đ Ron transitioned to YouTube automation and online coaching, seeking a more sustainable and passive income source.
- đ He chose YouTube because it builds digital assets that generate revenue over time without the physical and logistical challenges of e-commerce.
- đ Ron now focuses on creating tutorial videos that rank well and earn money for years to come through YouTube's search strategy.
- đȘ Ron encourages others to pursue their dreams of building and selling a company, emphasizing perseverance and adaptability.
Q & A
What was the name of Ron's e-commerce brand?
-The name of Ron's e-commerce brand was 'Comy Center', an orthopedic pillow brand.
On which platform did Ron initially start selling his brand?
-Ron started selling his brand on 'b.com', a Dutch marketplace similar to Amazon.
How did Ron finance the initial stages of his company?
-Ron financed the initial stages of his company by setting aside financial loans meant for his studies.
What made Ron consider selling his e-commerce company after three years?
-Ron considered selling his e-commerce company because the process became repetitive and he felt he was not using his full potential.
Why did Ron find managing his e-commerce business to be challenging?
-Managing the e-commerce business was challenging for Ron due to the need for significant capital investment, managing inventory, and dealing with various operational facets such as customer service and Amazon PPC campaigns.
How did Ron's personal life not improve despite the company's success?
-Ron's personal life did not improve as much as he expected because, despite the company's success, he was only earning a regular salary and had to deal with the stress and risks associated with managing an e-commerce business.
What was the turning point that led Ron to deactivate his Amazon account?
-Ron's Amazon account was deactivated for about six months, which was a significant turning point that led him to reconsider the e-commerce business model.
What new venture did Ron start about one and a half years ago?
-Ron started YouTube Automation and online coaching about YouTube about one and a half years ago.
Why did Ron choose to focus on YouTube as a new venture?
-Ron chose to focus on YouTube because it is an online platform where he can build video assets that will always be available to generate revenue, offering a contrast to the physical and offline nature of e-commerce.
What is the strategy Ron uses for creating YouTube tutorial videos?
-Ron uses a strategy called 'YouTube search' for creating tutorial videos that cost him $3 to make and earn him money over time due to their ranking.
What advice does Ron have for people who dream of building and eventually selling a company?
-Ron advises people to never give up on their dreams, to keep pushing even when things get tough, and to believe that better times will come.
Outlines
đ Entrepreneur's Journey: Selling an E-commerce Company
Ron shares his experience of selling his e-commerce company, which he built from scratch in his student room four and a half years ago. He started with an orthopedic pillow brand called 'comy Center' and expanded it on Dutch marketplace b.com, similar to Amazon. Despite scaling quickly and achieving consistent monthly sales of around 80k, Ron found the e-commerce process repetitive and capital-intensive. He was reinvesting profits into inventory and maintaining a warehouse, which tied up a significant amount of capital. After three years, he felt unfulfilled and his personal life wasn't improving as much as he'd hoped. An account deactivation on Amazon for six months further reinforced his doubts about e-commerce as a business model. Eventually, he found a buyer interested in his brand and decided to sell the company, signing the contract recently. Ron is now looking forward to new ventures, including YouTube automation and online coaching, which he believes offer more freedom and less physical and financial risk.
đ Transition to Digital Freedom: YouTube Automation and Coaching
After selling his e-commerce company, Ron has been focusing on YouTube automation and online coaching for about a year and a half. He emphasizes the low cost and digital nature of this new venture, which contrasts with the physical and capital-intensive demands of e-commerce. Ron employs a strategy called 'YouTube search' to create tutorial videos for as little as $3, which have the potential to earn him money for years to come. He is passionate about helping others increase their income through YouTube, which offers a life of freedom and consistent cash flow. Ron encourages viewers to pursue their dreams of building and selling a company, to keep pushing through tough times, and to reach out for advice or questions. He also hints at sharing more of his journey through raw, unedited videos on his channel.
Mindmap
Keywords
đĄE-commerce company
đĄContract
đĄOrthopedic pillow brand
đĄDutch marketplace
đĄScaling
đĄCapital
đĄInventory
đĄYouTube Automation
đĄOnline coaching
đĄYouTube search strategy
đĄDigital assets
Highlights
Ron signed a contract to sell his e-commerce company after four and a half years of building it.
Started the company in his student room using financial loans meant for studies.
Created his own brand called Comfy Center, an orthopedic pillow brand.
Began selling on b.com, a Dutch marketplace similar to Amazon.
Scaled the brand quickly and expanded it with different products within the same niche.
After 3 years, found the e-commerce process repetitive and boring.
E-commerce requires a lot of capital for inventory and reinvestment of profits.
Ron had his own warehouse for emergency stock to prevent running out of products.
Despite high revenue, personal life did not improve significantly.
Amazon deactivated Ron's account for 6 months, causing financial strain.
Ron questioned if e-commerce was the right business model for him.
Received an offer to buy his brand about five to six months ago.
Found a perfect match in the buyer who was excited to grow the brand.
Ron is moving forward to a new venture after selling the company.
Started YouTube automation and online coaching about a year and a half ago.
Chose YouTube because it builds video assets that generate passive income.
Contrasts e-commerce with YouTube, highlighting the low cost and digital nature of the latter.
Ron uses a YouTube search strategy to create tutorial videos that earn money long-term.
Expresses happiness about selling the company to pursue a life of freedom and cash flow.
Encourages others to never give up on their dreams of building and selling a company.
Invites questions about the process or e-commerce and offers to help.
Transcripts
hey there I'm Ron and five minutes ago I
literally signed the contract to sell my
e-commerce company that I've built up
the last four and a half years and I
thought I just share this raw video with
you to share my experience with selling
the company and of course how I started
it so maybe you can learn from it to
also start your own company or maybe if
you're in the market of selling your
company as well so I started this
company four and a half years ago out of
my student room I got some financial
loans for my study but I set it aside to
start my own company so I started my own
brand called comy Center it was an
orthopedic pillow brand and I started
selling it on b.com which is a Dutch
Marketplace very similar to Amazon and
very quickly I was able to scale my
brand on there and expand my brand with
different kind of products similar
within the same Niche and it was really
motivating to skill my my company add
more products to the collection and
basically yeah grow my own brand that I
really made up from scratch but after
around 3 years I would say uh it got a
little bit boring uh and the reason
mostly why is when you're in the
Ecommerce space it's basically a trick
you're learning like if you know how to
rank on Amazon or a different platform
you are getting sales so the tricks are
similar you you launch a new product
create product photos edit product
description blah blah blah blah blah and
the process got a little bit boring to
me so that was one thing why I wanted to
sell this company I wasn't really
feeling I was using like I was I was not
really using my potential as much second
thing was to skill an e-commerce company
you need a lot of capital and I was
reinvesting every single month my
profits to get more inventory uh I had
my own Warehouse with like emergency
stock so when the inventory at Amazon or
b.com was running out I could send new
inventory in there to make sure I was
not going out of stock so a lot of
capital was just stuck in products in
pillows I was selling pillows and I was
kind of done with it you know I had
crazy figures or like I did maybe 80k a
month
like pretty consequently um and the
revenue was looking nice but I was not
really like my personal life didn't
improve as much I just had a regular
salary which of course is great for for
your own company but after like 3 to
four years I was like there must be more
to life like I I know I can earn more do
more and I don't want to get like loans
to finance my inventory to skill even
further so es especially like I I tried
to get a or I tried I actually got a
loan for my inventory and I wanted to
skill even harder on Amazon so I I I
bought basically double my stock to
scale on Amazon and what happened Amazon
deactivated my account for about 6
months so while I had my loan to pay off
I got no extra revenue from Amazon like
those kind of situations got me thinking
like hey is e-commerce the right
business model for me and my decision
was no and like pretty much a couple
months later uh someone got on my pad
that want to buy my brand it's about
five to six months ago right now and we
got talking and he was interested in my
company brand and he's really excited to
make it grow so that's a perfect match
so I decided to sell the company just
signed a contract really really happy
about it so I can move forward to a new
Venture uh about one and a half years
ago I started with YouTube YouTube
Automation and one about a half a year
ago I started with online coaching about
YouTube as well and I'm really really
looking forward to help more people
skill their income through YouTube and
by the way the reason I picked YouTube
is because it's all online you are
basically building video assets on your
channel that will always be available to
watch which will always give you uh
Revenue as well so it's totally the
opposite of e-commerce with my
e-commerce business I have my own
Warehouse my own of course inventory it
was all physical and offline plus it had
many different fac like uh things you
need to consider so with e-commerce you
need to buy inventory you need to keep
up with the relationship with your uh
supplier you need to make sure the goods
actually get sent to your country you
need to make sure the goods get sent to
Amazon to b.com customer questions
Administration
fat um then your your products get
deactivated then you need to manage the
Amazon PPC campaigns b.com campaigns
it's a lot of stuff to manage for pretty
tiny margins and huge risks because if
your account get deactivated or if your
product gets put offline you still have
the inventory and like all your money is
locked up and with YouTube I'm doing it
now for one and a half year It's All
Digital really low cost to start off
with like I'm doing a special Str
strategy called YouTube search really
interesting if you want to know more
about it just DM me on Instagram and I
basically make videos for $3 uh like
tutorial videos and they earn me money
like years to come because they rank
blah blah it's a different different
kind of strategy but it was like a
choice I made like I want to have a life
of freedom and cash flow every single
month and I felt like e-commerce wasn't
the thing for me so I I'm really happy I
sold the company so this is just a very
raw video I just want to share my
thoughts now about after signing the
contract maybe I can Inspire some of you
guys like if you have a dream of
building a company and eventually sell
it never give up on your dream always
keep pushing um and if things get tough
keep pushing as well eventually more uh
like better times will come
um yeah if you have any questions about
this whole process of of or maybe Amazon
or anything leave a comment down below
I'll be happy to to help you out and
otherwise you can also DM me on
Instagram this is just a free flow video
I I'm going to going to do no editing
whatsoever hope you enjoyed it and if uh
maybe by the way I will post more of
these kind of videos on my channel uh if
if you would like to to see that as well
so thanks for watching and have a great
day
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