One of the hottest types of businesses to sell right now are e-commerce stores that do business on the Amazon platform. While investors used to overlook these one-or two-person third-party sellers, now some in the investment community have recognized that the best-run among these shops can be very profitable and that aggregating a stable of them and managing the back end of the businesses for greater efficiency can allow backers to create a very profitable juggernaut.
“2020 is the year it became popular to start buying Amazon businesses,” says Ryan Gnesin, CEO and majority shareholder of Austin- and New York City-based Elevate Brands (formerly Recom Brands). It was only around 2018 that Amazon allowed someone to own multiple accounts, Gnesin says.
Read the full article: Investors Are Beating The Bushes For E-Commerce Stores That Sell On Amazon—Here’s What They’re Looking For
