What to Look for When Shopping for eCommerce Stores
One of the easiest ways to acquire an online store is by searching an ecommerce marketplace platform like Exchange by Shopify. This platform allows you to shop for online stores or to list your own for sale.
If you have been doing this for a while and now want to sell for a profit, you can do so on Exchange. If your journey as a store owner is only beginning, you can also find stores for sale on this platform.
There are plenty to choose from in different industries and niches. In order to make the most out of your shopping experience, and to make sure that you find what you are looking for, make sure to inquire about the following details.
What’s in the box?
Buying a store won’t always result in the same kind of purchase. On top of the actual store itself, there are many other factors that pertain to the maintenance or profit generating abilities of said store.
For instance, you can get the previous owner’s email list when you buy the store, or the previous owner’s physical inventory. This depends on whether or not they are willing to give it to you for the agreed upon purchasing price.
Most of the time, a store listing will specify what else is included in the deal. This is so they can make the overall deal sweeter. Some even agree to offer their personal support after the transaction is made.
A store for your own size
You can purchase an established online store or acquire a tiny startup store. Depending on what kind of store you are interested in, you will find different price tags attached to the offers.
Keep in mind that you don’t have to start from scratch, but you have the possibility of starting anew without the actual headache of finding a domain, setting up the website and everything else related to starting up the online business.
You can skip all of these and get a startup store, which will allow you to create your own logo and rebrand it, making it yours completely. Alternatively, you could just buy an already established store that’s already doing well.
If you eye a store that already generates a pretty penny, you can take it over and set yourself up for smooth sailing.
Checking out the categories
On Exchange, available websites are shown in categories that represent each store’s main trade. For instance, if you are looking to buy a store that sells beds, you might find them in the furniture section.
If you want to invest in an online shop that trades in sports goods, you will mostly find all eligible candidates under the Sports category. The same principle applies for all other categories.