Recent Interview With Terry Lin @ Build My Online Store

I recently had a great interview with Terry Lin at Build My Online Store.  It is now live!  Feel free to stop by and take a listen at your leisure.  You can find the interview here…

http://www.buildmyonlinestore.com/podcast/episode-62-advice-from-a-20-year-e-commerce-veteran-with-joe-palko-at-3d-cart/

Here are some of the topics discussed…

  • 04:00 – What was Joe’s first e-commerce business in 1994?
  • 08:00 – Landscape of E-Commerce in the 2000s
  • 11:30 – Fundamental truths of success in E-Commerce
  • 13:00 – Selling a $12M business that was gradually losing profitability
  • 15:30 – The power of a written letter
  • 17:30 – Finding the right fit when looking for a buyer
  • 21:00 – Calculating the true valuation for your business
  • 25:00 – Will cataloging make a comeback in marketing?
  • 28:00 – Why the worst-case situation is just all in your head
  • 30:00 – Selling the second business to a publicly listed company
  • 34:30 – Commonalities among successful store owners at 3D Cart
  • 36:00 – Commonalities among store owners that fail
  • 38:00 – Drop-shipping vs manufacturing
  • 41:30 – Why you shouldn’t lose money just to get the sale

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