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29. Acquiring a DTC Brand and Maximizing Credit Card Rewards with Jake Geibel
Manage episode 408892288 series 3264255
Innhold levert av Russell Steed and Emerson Hammer, Russell Steed, and Emerson Hammer. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Russell Steed and Emerson Hammer, Russell Steed, and Emerson Hammer eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Summary
In this conversation, Jake shares his experience of acquiring a smoke bomb business called Shutterbombs. He discusses his background in marketing and how he transitioned into entrepreneurship. Jake also talks about the challenges of shipping hazmat products and the due diligence process involved in acquiring a business. Additionally, he shares advice for aspiring business buyers and highlights the importance of self-motivation and continuous learning. The conversation concludes with a discussion about Jake's expertise in credit card point reward systems and how you can capitalize on the same benefits as a business owner.
To connect with Jake check out his website www.jakeofalltradez.biz
Takeaways
Jake acquired a smoke bomb business called Shutter Bombs and discusses the challenges of shipping hazmat products.
He emphasizes the importance of self-motivation and continuous learning in entrepreneurship.
Jake shares insights into the due diligence process involved in acquiring a business.
He offers advice for aspiring business buyers and highlights the benefits of approaching acquisitions with a balanced perspective.
Chapters
00:00 Introduction and Background
01:23 Working from Home and Freelancing
03:15 Self-Taught Learning and Curiosity
04:14 Acquiring Shutterbomb
05:35 Interest in Shutterbomb and Product Knowledge
06:44 Introverted Nature of E-commerce Marketers
07:26 Passion vs. Data-Driven Decision Making
08:08 Finding a Business to Buy
09:36 Acquisition Strategies and Financing
12:43 Negotiations and Acquisition Process
19:22 Due Diligence and Verification
20:06 Analyzing the Red Flags
21:34 Addressing Shipping Challenges
22:03 Researching Competitors
23:20 Dealing with Hazmat Shipping
24:20 Customer Support Challenges
25:21 Sorting Facilities and Package Handling
26:00 Tips for Buying a Business
27:28 Staying Curious and Patient
29:14 Using Credit Card Points
31 episoder
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