#382 - From Estonian Streets to Global E-Commerce Success: Egle Raadik's Amazon FBA Journey and Seven-Figure Exit
Do you still remember the rush of launching your very first online business? the exhilaration mixed with a healthy dose of fear. But imagine scaling that to an Amazon FBA enterprise and experiencing a significant business exit. That's exactly what Egle Raadik did, and she joins us to recount her entrepreneurial odyssey from the quaint streets of Estonia to the global e-commerce arena. Egle's candid revelations about her interior architecture roots and subsequent pivot to digital marketing provide an incisive look into the liberating world of e-commerce, while her foray into creating a unique fruit basket product on Amazon serves as a masterclass in seizing market opportunities.
Egle's story is not just about the highlights; she opens up about the obstacles she's faced along the way, sharing the sort of insights that textbooks and webinars gloss over. From navigating Amazon's intricate marketplace to the real-world challenges of international product sourcing, Egle's experiences are a good source of learning. She details her humbling losses and spectacular comebacks, eventually leading to a seven-figure exit that underscores the importance of product portfolio balance and a team you can count on.
But Egle's entrepreneurial spirit doesn't end with selling one successful business. She's got her eyes set on the future with three new brands, all carefully crafted with exit strategies in mind. This episode is more than just a peek into the life of a successful Amazon seller; it's a roadmap for aspiring e-commerce moguls. Egle doesn't shy away from discussing the complexities of business and event planning across borders, highlighting Estonia's digital culture and its thriving community of e-commerce sellers. So whether you're looking for the inspiration to start your first venture or strategies to optimize for a lucrative exit, Egle's journey through the world of e-commerce is a compelling tale you won't want to miss.
In episode 382 of the AM/PM Podcast, Kevin and Egle discuss:
- 00:00 - Selling on Amazon and Entrepreneurship With Egle Raadik
- 08:48 - Getting Started In eCommerce and Amazon FBA
- 10:02 - Discovering Selling on Amazon in Asia
- 14:04 - Lessons Learned From Selling on Amazon
- 17:52 - Pivoting and Learning From Mistakes
- 24:11 - Entrepreneurship Challenges and Conscious Uncoupling
- 30:36 - Stress From Exits and Overcoming Them
- 33:43 - Repeating Mayhem and Moving Forward
- 36:35 - Building and Selling Amazon US Brands
- 36:51 - The Importance of PPC in Business
- 39:48 - Creating vs Modifying Products From Scratch
- 44:00 - Amazon Sales and Business Buyers
- 46:14 - Business and Event Planning in Estonia
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