fbpx
Connect with us

Entrepreneurship

Nate Ginsburg From The Ecom Exit Podcast Shares How To Grow & Sell ECommerce Companies

I recently had the pleasure of interviewing Nate Ginsburg, an entrepreneur, investor, world traveler, and yogi. After selling his eCommerce business in 2017 Nate now invests in and helps accelerate other eCommerce brands. Nate believes building businesses is the best vehicle for freedom and wealth and that the popular eCommerce industry is poised for even more growth in the coming decade. He is passionate about helping others build better businesses and shares his journey as well as expert interviews on his Ecom Exits Podcast

After achieving such great successes, he’s not stopping to celebrate and has created a value-packed podcast that breaks down for motivated entrepreneurs what it takes to succeed in such a competitive market.

I spoke to him to learn how he and some of the ECommerce industry leaders are growing, scaling, and selling their companies. 

Thank you so much for doing this with us! Can you tell us your origin story? Who is Nate Ginsburg?

Thanks for having me on. Really glad we are doing this! I guess my story starts in a small bamboo covered hostel common room in this little town called Pai in northern Thailand. I was backpacking on my way home after finishing teaching English in Korea for a year after college. Wasn’t sure what I wanted to do with my life but knew I didn’t want to do a traditional 9 to 5. 

I met this guy Andrew in the hostel who was running his own online business. He really inspired me! After meeting Andrew I knew that I wanted to build my own online business. 

Fast forward about 10 years, probably 30 countries, 6 businesses, 2 exits, infinite lessons, and here we are today. I believe we all can achieve whatever we want with the right teachers and community. So I hope my story can help inspire some people to follow their dreams too. 

What’s your podcast about? What is the main value people get from listening?

The Ecom Exit show helps eCommerce entrepreneurs build better, more profitable businesses that they can successfully exit for millions. We have interviews with top marketers, business brokers, 8 figure success stories, and more. 

ECommerce is a space that has become crowded with get rich quick schemes. What are your thoughts on this?  

There are scammers and get rich quick in any space, in eCommerce as well as other business models. To have success you need to play the long game. Success doesn’t come overnight. It’s about surrounding yourself with the right people, having a proven plan, and making progress every day. People need to remember its a marathon and not a sprint. Success is staying in the game for 10 years. Learning and improving. Not blowing up overnight. 

Based on your experience, what’s the best type of ECommerce business to create and sell? 

The best business that will get you the highest multiple is going to be a diversified brand. Not just selling on a single channel. So for example a brand that is selling on Amazon, with paid ads on their own store, generating revenue with email marketing, etc. That will get you the highest valuation. 

Can you specifically address how to start and scale and ECommerce business as you have? Step by step, how did you do it? 

Well my biggest e-commerce success was selling on Amazon. There is definitely an opportunity there still. But it’s also challenging. Specifically with cashflow. It’s a very capital intensive business. 

If I was starting a new brand today, I’d start with a niche or products that solve a pain. Then you can use spy tools to reverse engineer what the top sellers are doing. It’s pretty crazy. You can see their ads on different platforms and even how much they are spending. I think its best to work backward and model after what is working. 

Can you share any suggestions for newbies who have no experience with ECommerce. Are there potential obstacles or issues they should be prepared for with this lifestyle? 

You should think about this as a long game and building skills. Different eCommerce models can teach you different things. For example, Amazon FBA teaches you how to source/manufacture products, manage supply chain etc. Dropshipping will teach you how to leverage advertising. 

Look at your products as steps in your journey and not the final solution if that makes sense. Success rarely happens right away. And that’s ok. As long as you are learning and building better skills and keep at it you’ll find the success you are looking for. 

You run a powerful podcast that helps experienced entrepreneurs and novices learn how to exit seven-figure online companies. If you could put into words what people get listening to your action-packed podcasts, what would that be?  

These days I’m obsessed with building, scaling, and exiting eCommerce businesses and I am grateful that so many amazing people are down to come on my show to share with our listeners.  I like to keep it real on my show and really dive into my guest’s story and experience to pull out their lessons. I’m a naturally curious person, and so I always have tons of questions myself. 

Finally, can you please give us your favorite  “Life Lesson Quote”? Can you share how that was relevant to you in your life? 

You’re the average of the five people you most surround yourself with. This has been the most powerful rule in my life! Remember though your 5 people don’t physically have to be near you. That’s why podcasts can be so powerful. Surround yourself with amazing people in your earbuds to help you learn and achieve more. 

Thank you for these great insights!

Olumide Gbenro is founder of Globoversity and Globo Media Marketing. Well known for his vast network of highly influential leaders, he connects powerful leaders together to magnify their presence through earned press and media. Olumide has been featured in Business Insider, Bloomberg, and Yahoo Finance.

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Business2 months ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance3 months ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship4 months ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship6 months ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Entrepreneurship6 months ago

50 Million Dollars Later Kosi Stobbs Is An Immigrant Success Story

Canada, due to its favorable immigration policy, has attracted diverse nationalities to live among its natives. Consequently, the country has...

Entrepreneurship6 months ago

Multi Talented Artist Laci Kay Somers Reveals Her Secret To Compounding Her Wealth

Everyone wants to know the secret to getting rich but we all know that after studying the likes of Warren...

Marketing12 months ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship1 year ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship1 year ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt Magazine

The Disrupt Magazine & Podcast tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.