• 29. Acquiring a DTC Brand and Maximizing Credit Card Rewards with Jake Geibel

  • Mar 26 2024
  • Length: 41 mins
  • Podcast

29. Acquiring a DTC Brand and Maximizing Credit Card Rewards with Jake Geibel

  • Summary

  • 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

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