What happens when you build a company specifically to sell it—and then execute that plan?
Liz Saunders went from running registration at Seller Summit to delivering the closing keynote, all while building Fluencer Fruit, the Chrome extension that helps Amazon Influencer creators optimize their content strategy. In this powerful episode, Liz reveals her entire exit playbook, from reading "Exit Preneur" before she even started building to keeping GAAP-compliant books from day one. But this isn't just an acquisition story—it's a masterclass in understanding the Amazon Influencer ecosystem, where creators earn 1-4% commissions and brands are discovering that video converts better than text, and UGC converts better than brand videos.
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Sponsored by OMG Commerce - go to (https://www.omgcommerce.com/contact) and request your FREE strategy session today!
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Chapters:
(00:00) Re-Introducing Liz Saunders
(03:30) The Journey of Fluencer Fruit
(07:20) Amazon Influencer Program Insights
(10:09) Shifts in Influencer Marketing
(13:35) Brand Strategies for Influencer Engagement
(19:05) Multi-Channel Selling
(21:31) Building and Selling Fluencer Fruit
(28:03) Insights from the Sales Process
(32:05) Future Endeavors
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Past guests on eCommerce Evolution include Ezra Firestone, Steve Chou, Drew Sanocki, Jacques Spitzer, Jeremy Horowitz, Ryan Moran, Sean Frank, Andrew Youderian, Ryan McKenzie, Joseph Wilkins, Cody Wittick, Miki Agrawal, Justin Brooke, Nish Samantray, Kurt Elster, John Parkes, Chris Mercer, Rabah Rahil, Bear Handlon, JC Hite, Frederick Vallaeys, Preston Rutherford, Anthony Mink, Bill D’Allessandro, Jeff Oxford, Bryan Porter and more
Everybody is making more
money than they've ever
thought they could make off of
Speaker:one piece of content in their
life, right? They're like,
Speaker:I posted a five second video and retired,
and everybody's like, congratulations.
Speaker:Well, hello and welcome to another edition
of the E-Commerce Evolution podcast.
Speaker:I'm your host, Brett
Curry, CEO of OMG Commerce,
Speaker:and today we have a returning guest.
It's going to be an amazing episode.
Speaker:I have Miss Liz Saunders back again
Speaker:with a new title and a lot of new
developments that I can't wait to unpack,
Speaker:but she is now the president of
the creative division at Wayward.
Speaker:Talk about what that means and why
she's doing that. But with that, Liz,
Speaker:welcome to the show and how's it going?
Speaker:Thanks, Brett. It's going so good.
I mean, it's been, I guess a little,
Speaker:almost two years since we chatted,
Speaker:so this is a really fun
opportunity to reconnect.
Speaker:It's so crazy when I first thought, man,
I should have Liz back on. I thought,
Speaker:well, it's been just a few months.
And then I looked and yeah,
Speaker:it's been almost two years, which that's
just the way life and e-comm goes, man.
Speaker:It just goes by so stinking fast.
Speaker:It feels like yesterday and
seven years ago simultaneously.
Speaker:Right? 100%. That is
100% true. Yeah. Yeah.
Speaker:So you've had a really big year, Liz.
Speaker:We were both at Solar
Summit in Fort Lauderdale.
Speaker:You were the closing keynote of
that event, which is a major honor,
Speaker:so kudos to you for that. You
sold your company Fluencer Fruit,
Speaker:you sold to Wayward, which is where you
are now, so I can't wait to unpack that.
Speaker:And now you get to be on this show twice
in a couple of years, so it is a big,
Speaker:big year for you, so congratulations.
Speaker:Thank you. Thank you.
Speaker:Yeah. Yeah. Which by the way, what was
that, given the closing keynote, was that
Speaker:kind of a bucket list thing?
Speaker:Was it something you wanted to do or
something you're really nervous about?
Speaker:Kind of walk us through that.
Speaker:Kind of all of those things,
honestly. Well, not Bucket List,
Speaker:that's the one that I'll say,
and this was part of my keynote,
Speaker:was when I started with
Seller Summit. I mean,
Speaker:it's was my entryway into
e-comm, and when I started,
Speaker:I was running registration and
was just a new Amazon seller,
Speaker:and my whole life was kind of in flux.
Speaker:And so never did I ever think, oh, I
would like to be closing keynote, right?
Speaker:Go from run of the admission table years
and years ago to now doing the closing
Speaker:Genome.
Speaker:Checking Bunch badge. And now
it's like, and here you're as the,
Speaker:so I will say it definitely wasn't
something that I initially was like,
Speaker:that's what I want to do. And also
when we got closer, it was like,
Speaker:that would be really cool.
Speaker:And in talking to Tony,
Speaker:because they had a scheduling change
with the original closing keynote,
Speaker:and she was like, you've been traveling.
Who do you see? And I kind of was like,
Speaker:I'm going to pitch myself. I was like,
Speaker:I'm a rags Riches seller Summit
full circle moment. Heck.
Speaker:And she was like, I like
it. So they took it and.
Speaker:Amazing.
Speaker:It was nerve wracking,
but it was really fun.
Speaker:If you're ever going to do
something that big, being in your,
Speaker:I would call it our home audience,
those are my people, is like.
Speaker:Yeah, everybody's rooting for you.
Everybody was cheering for you.
Speaker:It was a perfect.
Speaker:Environment, so nerve wracking,
but also if you fall on your face,
Speaker:they're still going to love you.
So it's a little ambivalence.
Speaker:Takes some pressure off for
sure. So yeah, it was great.
Speaker:And your background is Jungle
Scout. You're a successful seller.
Speaker:You've been doing Seller Summit
now, doing some really cool things.
Speaker:And then a few years ago you had
this idea, let's build a platform.
Speaker:You called it Fluencer Fruit,
that's the company you just exited,
Speaker:which I want to hear all about the exit
because I just know so many people we're
Speaker:kind of in the m and a game
we're looking to acquire.
Speaker:I know a lot of people
that are looking for exits,
Speaker:and so can't wait to unpack that a
little bit. But for those who don't know,
Speaker:what is flu fruit and then how
does that fit into the wayward
Speaker:ecosystem?
Speaker:Absolutely.
Speaker:So Fluencer Fruit is an extension
that helps content creators on or in
Speaker:the Amazon Influencer program
helps them do product research,
Speaker:and it helps them manage
their video library.
Speaker:So that's the fastest way to explain it.
Speaker:It's a Chrome extension that just helps
visualize all of the things that you
Speaker:care about for onsite content
in an easy to digest fashion.
Speaker:Nice. And so what are
you seeing right now,
Speaker:and we'll talk about how
this fits in with Wayward,
Speaker:but what are you seeing right
now with Amazon Influencer?
Speaker:I know this has been an initiative
with Amazon for a while.
Speaker:Amazon's always trying to
solve the problem of discovery.
Speaker:How do we get customers
to discover new products?
Speaker:They still mostly rely on search. They're
looking for things to go beyond that.
Speaker:But what have you been seeing
with Amazon Influencer as of late?
Speaker:Yeah, so it's interesting because I
think there's two pieces to that coin,
Speaker:which is where it's like they're
trying to solve for discoverability,
Speaker:and they're also trying to
solve for authentic feedback.
Speaker:So we have seen a lot of
change for written reviews,
Speaker:and I use it in quotes because are
they really reviews from customers?
Speaker:Amazon's been fighting that.
Speaker:Battle. Is it a real person?
Is it someone overseas?
Speaker:Is.
Speaker:It just fake? It's a
bot. Yeah, yeah, yeah.
Speaker:It's like a competitor being
paid to leave one star reviews.
Speaker:So they've been trying to simultaneously
solve both of these things.
Speaker:And so where I see the onsite content
being the biggest win for them
Speaker:is its authentic user
feedback for a product.
Speaker:And so in a way, it does battle
some of those paid for bad good,
Speaker:whatever reviews with really
authentic conversations in video.
Speaker:The other thing is from.
Speaker:A, so it's not just a discovery thing,
Speaker:it's also like a conversion
piece as well, right? Yes.
Speaker:And lending real feedback for a
specific product that should help with
Speaker:conversions or.
Speaker:Purchases.
Speaker:So the onsite piece up to this point
has been almost 100% on the conversion
Speaker:side.
Speaker:It's like you're paying all these other
places to drive traffic to the listing.
Speaker:This is the one thing that they let you
do that helps with your conversion rate.
Speaker:But something interesting that they're
playing with in way of discoverability is
Speaker:surfacing these videos in search results.
Speaker:So every once in a while, and
they're still, I think, testing,
Speaker:we don't see this consistently,
Speaker:but every once in a while
you'll be searching and
instead of a main Amazon image
Speaker:product picture,
Speaker:you'll see a video that's
obviously not a brand videoing.
Speaker:So I do think that they're
trying to pull that in.
Speaker:So there's no way at the moment
for a brand to influence that.
Speaker:But if you have those videos,
Speaker:perhaps Amazon's going to grab that and
display that on a search results page?
Speaker:Yeah, correct.
Speaker:I call those miscellaneous placements
because we don't have any insight into
Speaker:them. Amazon never tells
us when they're doing them,
Speaker:but we see them and they'll just
plug our content into all of these
Speaker:placements, just I think to
test conversion and see how
much they help or don't.
Speaker:Got it. We do a lot on the
Amazon advertising side,
Speaker:huge fan of the ads ecosystem,
love sponsor brand video.
Speaker:You be called video and search.
What are you seeing, if anything,
Speaker:from your perspective on brands using
some of this influencer content,
Speaker:these influencer videos, and running
those ads, sponsor brand ads?
Speaker:So this is really interesting
that you asked about this.
Speaker:I do office hours with my
subscribers every Thursday,
Speaker:and we were talking about this
morning. So out of curiosity,
Speaker:are you seeing the ability to put
money on influencer content through
Speaker:the ads console?
Speaker:Well, I don't run the campaigns
myself, so I'd have to ask my team.
Speaker:I've not heard anyone mention that yet.
Speaker:But is that maybe in a beta right now?
Speaker:So 18 months ago, they sent
us a bunch of questions,
Speaker:would you rather this for three months
to license your content to a brand or
Speaker:this for six months? And
they did this whole whatever.
Speaker:And now in the backend, on the
creator side of Creator Connections,
Speaker:we have a licensing tab, but it's blank.
Speaker:So.
Speaker:Where I think they're going is
to allow brands to kind of let
Speaker:run traffic to creator
content through the actual
Speaker:Amazon ads platform. So I was wondering
if you guys were seeing it in beta yet.
Speaker:And then pay a licensing fee potentially
to the creator is the way that might
Speaker:work?
Speaker:That's what we're guessing.
Speaker:Yeah.
Speaker:So either they would pay a licensing
fee or the way it works now is if I'm a
Speaker:creator, an influencer,
I post content about,
Speaker:let's call it a coffee product on Amazon.
Speaker:If someone views my
video and then purchases,
Speaker:I get some kind of a commission
for that. Is that correct?
Speaker:Correct. Yep.
Speaker:Yeah. And what does that commission
look like? Are there ranges?
Speaker:Does it depend on me as an
influencer? How does that look?
Speaker:There are influencers who
have their own rate cards,
Speaker:but those are the super producers.
Speaker:So your average creator,
Speaker:it gets between one and 4%
for those onsite commissions,
Speaker:and it's tagged by category.
Speaker:So however you as the
seller have decision trade.
Speaker:If your nursery bookshelf
goes in furniture or in
Speaker:kids, those are two different
commissions. For the onsite creator,
Speaker:it's either 4% of furniture or two
and a quarter percent for baby stuff.
Speaker:Interesting. I wonder why,
Speaker:any insight into why those commissions
are different for different categories
Speaker:for influencers?
Speaker:I have no idea. I mean, I'm
assuming that Amazon has discovered.
Speaker:Margin profile for those categories,
maybe something like that.
Speaker:I kind assume that they tag it based
on the difficulty to sell and drive
Speaker:traffic. So baby stuff
sells all day every day.
Speaker:They don't need to incentivize people.
Speaker:To that's.
Speaker:Sell that stuff. Whereas furniture, how
many people are selling bookshelves?
Speaker:Right?
Speaker:That's my guess.
Speaker:Yeah, makes sense. So what
have you seen change then?
Speaker:So you started Influencer Fruit, what
is it, a little over two years ago?
Speaker:Is that right? And so what have you
seen shift, what have you seen improve?
Speaker:What have you seen change in terms
of the Amazon influencer program?
Speaker:Yeah, I think it's in the influencer
program as well as just in product focused
Speaker:content in general.
Speaker:Right now we're kind of seeing this
moment of what I call infrastructure
Speaker:stabilization. So we've
been in Blue Ocean,
Speaker:everybody is making more
money than they've ever
thought they could make off of
Speaker:one piece of content in their
life, right? They're like,
Speaker:I posted a five second video and retired.
And everybody's like, congratulations.
Speaker:So now we're in between TikTok shop
affiliate and Amazon Influencer.
Speaker:We're seeing a little bit
of, it's not a slowdown,
Speaker:but they're pulling back to create the
infrastructure that will build the long
Speaker:term of the programs.
And so we're seeing people having to
Speaker:adapt to how they're making money.
So what we're seeing working is,
Speaker:I call it commission stacking, where
from the same piece of content,
Speaker:I want to optimize how many
ways I can make money off of it.
Speaker:Will the brand pay me for it?
Will they send me a product?
Speaker:Do they have additional commissions
available through Creator connections or
Speaker:Wayward? What are their sales?
Speaker:Just trying to think through as opposed
to just picking a product and creating
Speaker:content for it, thinking
through the big picture.
Speaker:Are they on TikTok and Amazon? Can I
create cross-platform content for them?
Speaker:Yeah. So what about from the brand
side? So if I'm a seller on Amazon,
Speaker:how should I be thinking
about Amazon influencers?
Speaker:Should I be going out pursuing recruiting
influencers? What should I be doing?
Speaker:So if you're on the brand side,
Speaker:the first thing you want to do is make
sure your brand registered and that you
Speaker:have uploaded at least one product
video or brand video to every listing,
Speaker:because that unlocks that
upper video carousel placement,
Speaker:which is the number one converting thing,
Speaker:thinking about the fact that
video converts better than text,
Speaker:and UGC converts better than brand videos.
Speaker:Totally.
Speaker:So getting that above the fold close to
the buying decision is always positive.
Speaker:The next piece that just
opens the real estate,
Speaker:the next piece is actively
working with Amazon influencers
Speaker:is really a cool opportunity
where TOS compliant and we're FTC
Speaker:compliant and we're not a black box. So
it's not like the Vine Review program,
Speaker:which I understand
holds a necessary place,
Speaker:but you can't talk to Vine
reviewers. You can talk to us.
Speaker:So if you have something,
Speaker:people keep returning this coffee product
because they don't understand that you
Speaker:have to clean the filter this many
times a week or the coffee tastes bad.
Speaker:It's like, well, as a content creator,
I can go in and be like, you guys,
Speaker:number one mistake that I've made with
this is I didn't clean the filter and it
Speaker:hits different when I say
it than when the brand does.
Speaker:It. It does, it does. But then
you can also say, Hey, it was.
Speaker:Really.
Speaker:Easy to clean, and man, now I get
the perfect cup of coffee every.
Speaker:Time, user error type of thing, error.
That's on me. You know what I mean?
Speaker:Much more acceptable coming from
a user where you're like, oh,
Speaker:it's normal to do this rather than
the brand is making me do extra work.
Speaker:Exactly. Totally makes sense. Yeah,
Speaker:and we've leaned into this
for some of our brands.
Speaker:It's something that we can help with
where we go out and find influencers.
Speaker:And so I know for a
particular betting client,
Speaker:it's been really effective
for 'em. Good. But yeah.
Speaker:Any other things you've seen
change or shift from a brand's
Speaker:perspective, or actually, I may have
cut you off. You said open up videos,
Speaker:open up the carousel, brand registered,
get brand, open up that carousel.
Speaker:Then what else should brands do?
Speaker:Well, I think the brands finding a
way all watching everybody trying.
Speaker:Everybody's always trying to be more
efficient with their spend and how they
Speaker:fixing their margins,
whether it's tariffs,
Speaker:whether it's changes in terms of service,
Speaker:whatever the current
challenge is around margins.
Speaker:So some of the things that we're seeing
brands do in way of new opportunities,
Speaker:creative problem solving around this
is working with creators directly.
Speaker:So you have more control
over those conversations.
Speaker:And sometimes that means pulling
the actual transactions so that
Speaker:they're outside of Amazon,
Speaker:meaning I'm paying you a flat fee
for this as opposed to whatever,
Speaker:but then I can use your content or.
Speaker:Working.
Speaker:With a company like Wayward where
you can use brand attribution
Speaker:links to get the referral bonus to
offset the commissions you're paying to
Speaker:the creators. It's like a win-win win.
Speaker:So explain that a little bit.
Speaker:I know hardcore Amazon sellers know
exactly what you're talking about,
Speaker:but for those that are less familiar.
Speaker:For sure.
Speaker:What is that referral bonus?
Speaker:Absolutely.
Speaker:So the brand attribution link is basically
a brand's version of an affiliate
Speaker:link. Amazon wants you to drive
traffic when you drive traffic.
Speaker:They've done something where they'll
give you a brand referral bonus.
Speaker:They're not cutting you a check,
Speaker:but they're cutting back on the amount
you're paying them for the referral fee,
Speaker:and it's usually around 10%. That's
not standard or that's not global,
Speaker:but that's approximate.
Speaker:And so what happened in this
conversation was brands were like,
Speaker:if we drive traffic, we don't want
to pay for you to drive traffic.
Speaker:And Amazon was like, you're right.
Here's how we'll solve that.
Speaker:But then it was like this other
piece entered the chat and was like,
Speaker:brands would be happy
to pay creators almost a
Speaker:hundred percent of their margin
for that first sale to get a new
Speaker:customer.
Speaker:And so this allows people wayward
will take your brand attribution
Speaker:link, then what the creator is using,
Speaker:you are getting the brand referral bonus,
Speaker:and then you can pay the creator a higher
percentage than if they're just going
Speaker:through Amazon affiliates.
Speaker:Because why not? That's free
money you're getting from Amazon.
Speaker:Why not pay that to a creator?
Give them more incentives,
Speaker:fuel your growth there
through influencers. So yeah,
it makes a ton of sense.
Speaker:Yeah, I mean, it's such
a cool opportunity.
Speaker:It incentivizes. It's a
literal, everyone wins, right?
Speaker:Yeah. Yeah. Super cool. Good.
Speaker:Have you seen more and more
brands adopting Amazon influencer?
Speaker:Is it still kind of slow to pick
up? How has that been going?
Speaker:It's a lot of education conversations.
Speaker:It's interesting because
Speaker:I think this is not uncommon,
Speaker:but Amazon will launch a program and then
it kind of takes on its own side life
Speaker:from what they initially intended
it to be, which is great, right?
Speaker:Because it is its own
living organism, right?
Speaker:Sure.
Speaker:Because of that, though, I think,
Speaker:and I don't have anybody at
Amazon that's told me this,
Speaker:but I think the way they initially
designed this program was to be a much
Speaker:tighter sister to the affiliate program.
Speaker:So affiliate being the
people driving the traffic,
Speaker:influencer being the people who
are helping convert the traffic.
Speaker:And I think they initially thought that
this was going to be like a one for one
Speaker:people. Were going to be doing
both, but it's become a very,
Speaker:there are people that do both, but
it's become a very separate skillset.
Speaker:The difference between if you're on a
product listing and me helping you make
Speaker:that buying decision is much different
than me on my Instagram being like,
Speaker:these are my favorite
wrist wraps when I lift,
Speaker:you should go check out their stuff.
Speaker:It's almost like a
different selling motion.
Speaker:Totally, totally. Yeah.
Speaker:You're more demonstrating the product
on that product detail page and showing
Speaker:how it works. It's a little
more education type of thing.
Speaker:Someone's already in the store,
they're already talking to you,
Speaker:where if someone's on TikTok or elsewhere,
Speaker:you got to convince them to go to the
store to check it out. Exactly. So yeah,
Speaker:different feel.
Speaker:And so what you're finding when Amazon
is finding is that's often a different
Speaker:person.
Speaker:So the person running TikTok influencer
content is maybe different than the
Speaker:person who's doing Amazon Influencer
or it's maybe the same person,
Speaker:they're just creating different
content for different places.
Speaker:Yeah, it's a combination of those
two things. But yeah, it is.
Speaker:It's like if I'm on TikTok, I'm trying
to get you moving and to click on a link.
Speaker:If I'm on an Amazon influencer or if I'm
on an Amazon product listing, I'm like,
Speaker:check out how I can
push up this shade tent.
Speaker:It just clicks right into place on my
TikTok. People don't care about that.
Speaker:But on the product listing,
Speaker:if you're five four and you don't know
how you're going to set up this tent by
Speaker:yourself, you want to see how I can
do it. And so it has more educational,
Speaker:more faq, more like feature based, then.
Speaker:It's more feature rich where the
content to get someone to go to the
Speaker:store that's got to be more benefit
oriented, more action oriented.
Speaker:You're moving someone,
Speaker:and then on the page there's
kind of overcoming objections,
answering questions,
Speaker:talking about features, helping them
decide between this product, your product,
Speaker:versus a competitive product.
So yeah, makes a ton of sense.
Speaker:How then are you seeing this pair? And
we've sort of just talked about it,
Speaker:but TikTok shops obviously it's huge.
Speaker:We have some clients that have
exploded with TikTok shops.
Speaker:It's also not for everybody. Amazon's
got their own affiliate program.
Speaker:I'm really excited about
YouTube's affiliate program.
Speaker:It's basically their
answer to TikTok shops.
Speaker:We're doing some early testing here.
Speaker:It's.
Speaker:Been very favorable, but it's early days.
Speaker:So how do you see these things
working together and how would you
Speaker:advise brands to consider
how they work together?
Speaker:It's a good question.
Speaker:So I think one of the current struggles
that everybody in this product focused
Speaker:content seller space is struggling with is
Speaker:the interpreted need to be
everything to all people and to be on
Speaker:every single platform.
Speaker:And while I think there is a
space for yes, be on TikTok,
Speaker:be on Amazon, sell 'em,
Walmart, all those things,
Speaker:I do think there's a little bit of,
depending on how big your team is,
Speaker:how early you are in your company phase,
Speaker:you can't personally probably
simultaneously run all
of those sales channels.
Speaker:So I think making peace with, if you
took off on TikTok, double down, right?
Speaker:Yeah. If.
Speaker:You took off on Amazon, double down.
Speaker:In.
Speaker:Time, you can add all of those
from a content piece though,
Speaker:if you're a brand who is selling on all
of those, when you're vetting creators,
Speaker:check and see where they're
posting specifically if
you're on TikTok and Amazon
Speaker:and you find a creator on TikTok,
Speaker:because that's the more
likely direction this goes.
Speaker:Ask.
Speaker:Them if they're Amazon influencer and if
they would post an influencer video in
Speaker:addition to what they're
doing on TikTok, because
Speaker:it's much harder.
Speaker:You can reach out to influencers from
Amazon through their storefront to their
Speaker:socials and to their, but if you're
interacting with them on TikTok,
Speaker:you've already got a little
bit of conversation going,
Speaker:that's where I would the best direction.
Speaker:Yeah, totally makes sense.
Speaker:So start that conversation with someone
on TikTok and do an influencers working
Speaker:with you there. See if they'll create
some content on Amazon as well.
Speaker:And that kind of goes back to the
earlier discussion where same person,
Speaker:different flavors of content.
Speaker:Based.
Speaker:On where someone is in the buying
journey. And it makes just a ton of sense.
Speaker:Yeah.
Speaker:So very, very cool. Well, awesome. Well,
Speaker:let's kind of go back to what we
alluded to at the beginning of the show.
Speaker:So you built Fluencer Fruit,
amazing site, amazing product.
Speaker:Kudos to you. It really, really great.
Speaker:Thank you.
Speaker:Why did you decide to sell, and
actually when did you decide to sell?
Speaker:So did you build it in order to sell
it or did you build it just for fun and
Speaker:you're like, wait a minute, there's
something here. This is valuable.
Speaker:I'm going to sell it.
Speaker:So I built it to sell it. I went into it
knowing that I wouldn't run it forever.
Speaker:I know that my skillset
falls between zero and two,
Speaker:right of the stage of the company.
I do really well with ambiguity,
Speaker:chaos,
Speaker:and pulling it all into one place with
enough of a structure to start handing
Speaker:things off to specialists. So over time,
Speaker:I've realized that that is my skillset.
Speaker:So I knew that I was probably not going
to be the person that took it past stage
Speaker:two or whatever that turns out to be.
Speaker:And I read Exit Preneur by our
mutual friend, Joe Val, as I was.
Speaker:Joe Val, shout out to Joe.
Great book. Great book.
Speaker:I mean, if you are even thinking
about Ever in the Future,
Speaker:I just devoured that book and I had
legitimately been waiting to read it until
Speaker:I knew I was getting ready.
I wanted it to be so fresh.
Speaker:I should have read it twice, but.
Speaker:Yeah. Yeah. Well, one thing
I've noticed there is,
Speaker:so we started going through
this journey and like I said,
Speaker:we're looking at acquiring, we're trying,
Speaker:we're an agency right now trying to get
it across the finish line and looking at
Speaker:another deal as well.
Speaker:But one thing I noticed is once
we started thinking about m and a,
Speaker:and we'd even explored do we want to sell
to an investor? What do we want to do?
Speaker:If you go through the process,
Speaker:if you read Joe's book and there are
some other great books, buy, then Build,
Speaker:buy Walker, and there's several
others just going through the process,
Speaker:you'll run your business better.
Speaker:Because if you start to look at your
business like an investor or a buyer looks
Speaker:at your business, you are just going to
run it better. And then you may decide,
Speaker:wow, I'm more profitable
running it this way.
Speaker:I'm just going to keep
the business. So anyway,
Speaker:I think even if you think you're
not going to sell for a while,
Speaker:read those books and run your
business, you're going sell it,
Speaker:it be a better business.
Speaker:I think the best thing that I
took out of the book was my books.
Speaker:I'm not a bookkeeper anyways.
Speaker:And so as I set up the
LLCs hired a bookkeeper
Speaker:because I just wanted,
Speaker:because when I was at
Jungle Scout Chief of Staff,
Speaker:I did a lot of coordinating around m
and a conversations and when we acquired
Speaker:Downstream and those sorts of things.
Speaker:And so I've seen the process
of when people's books
Speaker:aren't clean and what that
looks like. And I was like,
Speaker:so my number one thing was to make
sure that my books were always
Speaker:whatever. Anybody could come in
if they didn't like the books,
Speaker:that was one thing. Yeah.
Speaker:Compliance super clean. Correct. Someone
looks at it, they trust it. Yeah.
Speaker:End of story.
Speaker:Exactly. So that was my favorite
thing, but I knew all along,
Speaker:so I read the book and
then I was building,
Speaker:I did think that I was going to run
the company for three to five years.
Speaker:I.
Speaker:Figured it would take me about
that long to be interesting.
Speaker:The risks that I took that I knew
were risks was my brand was and is
Speaker:still very attached to me as a person.
Speaker:And so when people talk about flu fruit,
Speaker:they talk about you should buy flu fruit
so that you get with it Liz's office
Speaker:hours or.
Speaker:Those sorts of things.
Speaker:So I did know that that was a little bit,
Speaker:but I also assumed because I
very specifically picked a pretty
Speaker:niche community that I was going to be
a strategic acquisition for somebody
Speaker:filling a gap that nobody else
has that fits a bigger picture,
Speaker:whether it was an ads play or those.
Speaker:You likely weren't going to be a platform
you were going to be more bolted on or
Speaker:tucked into a platform most likely.
Speaker:Yeah, my I was like, nobody else
is doing anything in this space.
Speaker:I can fill that hole for whoever thinks
that it's the most valuable to them at
Speaker:the time.
Speaker:Yeah, that makes a ton
of sense. And really
Speaker:building a brand that is a little bit
dependent on your personality. I mean,
Speaker:that's what done here at OMGA,
public facing, I'm speaking,
Speaker:I'm doing all kinds of things.
And so certainly my brand and OMG,
Speaker:they're intertwined, which is fine.
Speaker:I think part of that though is you got
to lean into your strengths, right?
Speaker:Absolutely. You're good at
building community. People
know you, they trust you,
Speaker:they like you,
Speaker:so don't shy away from that
just so that a future exit is.
Speaker:Agree.
Speaker:Easier, whatever, lean into it a strength,
Speaker:you're going to build a business faster,
it's going to be more profitable,
Speaker:and that's going to make the
business more valuable. Absolutely.
Speaker:And they kept you on as well,
Speaker:which I'm sure was part of that was
related to your personal brand being
Speaker:attacked.
Speaker:So I was planning on being
around a lot longer solo,
Speaker:and then
Speaker:we've talked a lot about building your
network and being open to conversations
Speaker:is really critical in
whatever realm you operate in.
Speaker:And the wayward thing came out
of a LinkedIn conversation.
Speaker:No way.
Speaker:So.
Speaker:Like a post you made on LinkedIn, someone
commented on it, or just a connection?
Speaker:I made a comment on another post,
Speaker:and the head of growth from Wayward
reached out to me and was like,
Speaker:I'd love to get on a call
and just kind of chat.
Speaker:And so I take a lot of those just
because interesting in our space.
Speaker:And learn something.
Speaker:And then he was like, Hey,
you should meet our CEO.
Speaker:So I met Allie and then
she and I had lunch,
Speaker:and then I did some consulting for them.
And as we worked together, it was like,
Speaker:oh, this is actually a really good
fit. We have a whole offering together.
Speaker:By the way, what a brilliant
strategy from wayward part,
Speaker:I'm assuming this was part of
the strategy. Hey, here's Liz.
Speaker:Cool product, cool tech,
Speaker:let's hire her as a consultant and let's
see what it's like to work with her.
Speaker:That's actually something we've done
several times as we looked at acquisitions
Speaker:is, Hey, let's run some projects
together. So we're looking,
Speaker:we're talking m and a, we're talking
about joining forces, whatever.
Speaker:Let's run projects together. Let's
just see how this goes. I mean,
Speaker:that's the best due
diligence you could ever do,
Speaker:or the best addition to due
diligence you could ever do. So cool.
Speaker:So what was it like going
through the sales process?
Speaker:Any tips, suggestions for
someone who's considering it,
Speaker:about to get into the sales process,
the selling of their business,
Speaker:that process? What was it
like? What tips do you have?
Speaker:So I think probably the two best
decisions I made were I had a broker.
Speaker:So even though I had kind
of sourced or whatever,
Speaker:I was working with Wayward,
Speaker:I worked with a broker to help
me put together my valuation,
Speaker:my kit, just some of those things.
Speaker:So even though technically the
sale happened outside of the broker
Speaker:situation,
Speaker:there were so many things that putting
together specifically around the
Speaker:valuation that was really valuable to
have his input around what's currently
Speaker:going, what the multiples are.
Speaker:And then the next best
thing I did was an attorney.
Speaker:Because initially I was like.
Speaker:Got to.
Speaker:Got, I was like, I can do this
with chat GPT, and then I was like,
Speaker:will I regret that if I do it wrong?
I was like, yes, I will. So you.
Speaker:Will. I mean, I love chat GPT or
Claude or other tools for legal.
Speaker:Help.
Speaker:Structuring advice in the early
days. It can help guide you,
Speaker:and those tools can really
show you some things, but man,
Speaker:if you're doing a big deal,
Speaker:this may be one of the biggest
transactions of your life.
Speaker:If you're looking to acquire or sell or
whatever, hire a good m and a attorney.
Speaker:It's so worth.
Speaker:It. Yep, exactly. So
Speaker:those are the things I wouldn't do
differently, you know what I mean?
Speaker:Those are the decisions that I'm
really glad I made those two decisions.
Speaker:For sure, for sure. Anything
you would've done differently?
Speaker:It's a good question. I've been trying
to think about that. And honestly,
Speaker:at the moment, I don't have
anything. I think probably because
Speaker:I'm a big believer in if you feel like
you're trying to kick the door down that
Speaker:maybe that's not the direction.
Speaker:And it just felt like every door in
this situation just kind of opened,
Speaker:and so I just kind of walked
down the path, right? The CEO,
Speaker:Allie and I have a very open
relationship, and so if I had a concern,
Speaker:I would just go to her and
there was nothing major.
Speaker:But anytime you have these types
of big detailed conversations.
Speaker:Making.
Speaker:Sure that you're clear on things
is super important, obviously.
Speaker:And so I don't currently
have anything where I'm like,
Speaker:I wish I had done that part differently.
Speaker:It's so great. Well, and one thing,
and because of the way this unfolded,
Speaker:got to know them by meeting in person
and then working as a consultant with
Speaker:them, you really got a feel for their
character and the way they operate.
Speaker:And because even though
this isn't a forever thing,
Speaker:it's kind of getting married,
especially if you merge companies,
Speaker:that's like a marriage. So
you got to really make sure,
Speaker:is this someone I want to be married
to for the next X number of years?
Speaker:Yeah, exactly.
Speaker:Yeah. And that's where I love
being tenacious and if I get a no,
Speaker:I'm going to figure out a way to
get a yes and things like that,
Speaker:but you don't want to have to, Hey,
this is going to be a partnership.
Speaker:I don't want to have to
fight for everything.
Speaker:It should feel somewhat
seamless or effortless,
Speaker:at least in parts of it,
like the communication and
the openness and the, Hey,
Speaker:are we collaborative? And
stuff like that. Yeah,
Speaker:it sounds like you definitely
took the right path there
Speaker:and it paid off. It paid off.
Speaker:I'm really pleased with the
outcome. I love being on the team,
Speaker:and that was part of the reason that when
we started having those conversations,
Speaker:I had been solo for two years,
which pretty extroverted.
Speaker:So being able to join a team that's moving
in the right direction has been like,
Speaker:oh, good. I have people again.
Speaker:Dude, I thrive in a team
environment. I can do okay on my own.
Speaker:I don't mind to sit and write or
crunch numbers for a little bit.
Speaker:But doing that for a long period of
time, no, that's not where I want to be.
Speaker:That's amazing. So now
kind of foreseeable future,
Speaker:you're going to be helping build this
out, or is this a short-term thing?
Speaker:Are you allowed to say what does
the future hold for Liz and for
Speaker:flu fruit?
Speaker:Yeah. Well,
Speaker:I have this really cool opportunity
with Wayward to build their creator
Speaker:division. That's awesome. So I
Speaker:get to visualize, strategize, scope
and help execute on this in a way,
Speaker:to your earlier point,
know your strengths.
Speaker:I get to build a community that's
rooted in education and tools and
Speaker:straight knowledge sharing
around a lot of this.
Speaker:So I'm really excited about that.
Speaker:So I don't know how long that
takes or where that takes me,
Speaker:but for right now,
Speaker:we're natural builders that appeals to
me is I get to go build something cool
Speaker:with additional resources and helping
the community that I'm bringing along.
Speaker:With a team with capital,
with a structure.
Speaker:But you get a little bit
of the best of both worlds.
Speaker:You can still be
entrepreneurial and build,
Speaker:but with some resources at your
disposal. So that is awesome. Well,
Speaker:Liz, kudos to you, man. Great job.
This was your goal at the outset.
Speaker:Let me build something that is valuable
enough that someone wants to buy it.
Speaker:You did it yet a successful exit.
Speaker:Thank.
Speaker:Now you guys are building
together, which is super great.
Speaker:So if people are listening to
this and they're like, man,
Speaker:I want to know more about
wayward or about flu fruit.
Speaker:I want to tap into Amazon,
Speaker:the Amazon influencer ecosystem,
either as an influencer,
Speaker:I probably just got brands listening,
Speaker:but I could have some people
who want to do an influencer,
Speaker:but how can people find more?
Speaker:Yeah, absolutely.
Speaker:So wayward.com is like if you
just want a general whatever,
Speaker:I also do calls with brands. So
if you're like, you know what?
Speaker:I just have questions, I'm Liz at, at
wayward.com, just shoot me an email.
Speaker:We'll set up a time.
I'll walk you through.
Speaker:I'll do an audit of your listings and
tell you organically what you can be doing
Speaker:to attract those influencers and or
how we can help you push more traffic,
Speaker:kind of figuring, solving for
the problem you're having.
Speaker:Yeah, yeah, it's amazing.
Speaker:And then it's Fluencer fruit.com
as well, is that's the.
Speaker:Yep. If you're looking for the
extension, it's Fluencer fruit.com.
Speaker:Amazing. And then Liz, what about
on the socials? Are you active?
Speaker:Are you active on LinkedIn,
Speaker:or was just the onetime
comment that changed your life?
Speaker:Yeah, yeah. I know, right?
It's like random comment. I'm,
Speaker:I'm active on LinkedIn,
Speaker:so I think my profile is like Liz
Saunders, but if you look up Liz Saunders,
Speaker:you should find me.
Speaker:Awesome. I'll link to everything
in the show notes as well.
Speaker:So check out what Liz is up to. Liz,
thank you so much. It's been a ton of fun,
Speaker:super valuable. And man,
Speaker:I'm excited to watch you guys build and
make the Amazon influencer space even
Speaker:better.
Speaker:Absolutely. Thanks for having me.
Speaker:Awesome. And as always, thank you for
tuning in. We'd love to hear from you.
Speaker:What would you like to hear more of on
the show? And if you've not done so,
Speaker:we'd love that review on iTunes,
helps other people discover the show.
Speaker:And with that, until next
time, thank you for listening.