#389 - From Banking To Accidental Multi-Million Dollar Amazon Success with Sumana Sanjeeva

AM/PM Podcast

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7M ago 51:59

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Stepping out of the familiar can be as terrifying as it is thrilling—just ask Sumana Sanjeeva. From the structured corridors of banking to the wild frontier of e-commerce, her journey is a tale of audacity and strategic genius. Sumana unfolds her narrative, revealing how she took a gamble on an Amazon business, multiplying her investment fivefold, thanks to a voracious appetite for learning and keen business acumen refined through industry masterminds and networking events like the Billion Dollar Seller Summit.

Imagine diving into a new venture, armed with nothing but a courageous heart and a vision. That's what Sumana did, securing an SBA loan and leveraging her home to buy into an Amazon business she barely understood. Her candid recollection of those first days, deciphering the alien world of the Amazon Seller Central and grappling with inventory management, paints a vivid picture of the entrepreneurial grind. Sumana's tactical approach to financial planning and business growth, including navigating the intricate dance with brokers and aggregators, is nothing less than a playbook for aspiring Amazon sellers.

As we follow Sumana's journey, we step into the shoes of someone who's not just conquered e-commerce but continues to reinvent success on her own terms. Now, as she prepares to sell another brand and anticipates attending BDSS for further enlightenment, her story serves as a beacon for those yearning to venture beyond their comfort zone. Sumana's invitation extends beyond this episode ready to connect and share the wisdom of a journey well-traveled.

In episode 389 of the AM/PM Podcast, Kevin and Sumana discuss:

00:00 - From Banking to Amazon Millionaire
03:19 - Event Planning For Networking Events
07:32 - Career Path in Banking
11:32 - Discovering Amazon Business Listings
15:46 - Starting An Amazon Business With SBA Loans
20:49 - Adapt to Business Challenges Quickly
27:30 - Business Strategy and Growth Through Acquisition
30:26 - Inventory Management and Profit Growth
33:47 - Selling a Business for Millions
35:18 - Valuation Discrepancy in Business Sale
37:34 - Multiple Offers Lead to Successful Sale
45:22 - Entrepreneurial Success and Future Plans
48:20 - Success Through Smart Business Decisions
51:20 - Kevin King's Words Of Wisdom