Guide On How To Buy A Business On Exchange!

Websites are like land in the online sphere, and it's no surprise that people treat them like real estate. If you can choose it correctly and maintain it properly, buying an e-commerce business can be a worthwhile business venture. It can be a source of a steady income stream without you having to start the business from scratch. With plenty of entrepreneurs and veterans, the market is flooded with successful brands and startup businesses, giving you hundreds of thousands of options to choose from a platform. We here at Dropship USA work with dropshippers from all over the States to provide them with highly optimized Shopify dropshipping websites. Because of our specialty, we have valuable insights into all the happenings of the dropship nation.

If you are someone who is looking to buy Shopify dropshipping websites in the USA, then going through Exchange can be a tricky business. The Exchange marketplace allows you to buy and sell Shopify stores, making the process simpler. So how do you do it? Well, that's what we will talk about here. In the following passages, you will find a guide on how to buy Shopify dropshipping websites listed for sale on the Exchange Marketplace. But before we go into discussing that, let's first talk about what the Exchange Marketplace is. So let's begin!

What Is The Exchange Marketplace?

The Exchange is a Shopify marketplace that allows you to buy and sell Shopify websites, and Shopify merchants built it to make the process easier. There is an app for the Exchange that you can download on your phone. You can use it to check out vital information like traffic and revenue data directly from Shopify, and you can list your website for sale as well. It's a secured platform for buyers because it doesn't allow sellers to edit store data, so you can rest assured that you get what you see. You will be able to find a store for your need, from starter Shopify dropshipping websites to massive established e-commerce stores.

As for the price, it depends on what store you buy. It can range anywhere from 50 dollars for a new Shopify dropshipping website to over a million dollars for successful e-commerce empires. So that's what the Exchange is, but you may be wondering right now why you should buy a business instead of building it from scratch? Well, here are some reasons why you should buy a ready-made website!

No Room For Procrastination

If you buy a website rather than build one from scratch, then you are way less likely to procrastinate. All the hard part of setting up the store is already done. You won't need to worry about getting the logo right, or finding the suitable color scheme, or even be overwhelmed by all the little things that come with starting a new store. Besides, if you've already bought a Shopify website from the Exchange, you've already shown great initiative into making the business a success. The payment for the website should be motivation enough for you to get the ball rolling on your e-commerce empire.

 
Get Things Rolling From Day 1

One of the reasons why Shopify dropshipping websites are well-known is because of the ease of going into the market. With a website you buy from the Exchange, that benefit is even more exemplified as you directly skip the "setting up the store" phase and directly into marketing. If you have a store that already has products listed, then even better.

You can start selling from day one. With you getting into marketing earlier than expected, you will move that much closer to making your first sale. When you build a website from scratch, it can take you weeks and months to set up the store, finalize the design, and iron out the features. Here, with a ready-made site, you can get the ball rolling on making sales from the minute you have the account details handy.

Getting A Professional Website

The Exchange is an actual marketplace that's filled with a wide variety of e-commerce stores. While novice entrepreneurs make some, there are plenty of Shopify websites designed and made by Shopify experts like the Dropship USA team. So if you are uncertain about your design skills and don't want to take a risk, then buying a professionally made Shopify website listed for Sale on the Exchange might be the best option for you.

 


You don't even have to worry about the price as there are plenty of professionally made websites that you can find within 50 dollars. So now that you know the benefits of buying on the Exchange let's talk about the buying process. In the following passages, we will provide you with a step-by-step guide on buying a Shopify dropshipping website that's listed for sale. So without any further delay, let's begin!

How To Buy A Shopify Website On Exchange?

Successful dropshipping websites in the USA are a hot ticket item, with plenty of e-commerce entrepreneurs seeing it as an entry point to building their e-commerce empire. That means there is an increased demand for Shopify websites, and the Exchange is there to ensure the process isn't "mucked up" by bad actors. You will find that the Exchange houses Shopify websites of all sizes from every industry out there. Whatever you need, you will find there from dropshipping, print-on-demand to established and high-growth stores across product categories like fashion and apparel, sports, furniture, and many more. One thing you should remember is that you won't find any traffic and revenue data for starter websites. That's because these sites have done less than 100 dollars in sales.

However, these are perfectly optimized ready for marketing. So if you are choosing a starter Shopify website, then base it on the potential you see in the store. One thing that will help you understand what sort of website you need is by knowing what you want out of your new e-commerce venture. Here are a few questions you should ask yourself to find out what type of website you need:

What sort of revenue goals do you have for the website?
How much are you willing to invest to reach that goal?
How much time are you willing to invest?

Is it a store that only needs to be maintained, or do you see growth potential that you can unlock with your efforts?

Can you add value to the site that the previous owner couldn't?

These questions will help you pinpoint the perfect Shopify website for sale in the Exchange you need to buy. So now that you know what type of store you need to buy let's talk about how to buy on the Exchange!

First Comes Due Diligence

When you go into the Exchange and find a website you are interested in, you will see all the pertinent information listed there. Information like traffic and revenue throughout the past year and an asking price. You can then send the seller a message through the contact form and even negotiate the pricing. Plenty of sellers will even list their reasons for selling, like lack of time or a life-changing event. The listing will also show you what you will get from the seller. Things like:
Physical inventory
Supplier lists
Email list
Logo and branding assets
Social media accounts
Personal support after-sale
Domain
Product photos

You can even get more than the listed features by negotiating with the seller when finalizing the deal. The buyers and sellers can even use anonymous emails to discuss additional information about the website or the sale itself. One thing to remember here is that many sellers stop marketing when they list it for sale, so there could be a dip in traffic when you look up the data. If that's the case, then you should talk to the seller about it, and they will be able to give you a clearer idea. Now, the Exchange cannot verify sales data, but there are ways for you to find out whether or not the website is what you need. Here are some of the things you can do to make sure you are getting what the listing claims:

Once you have a website you want to buy, you should verify and understand all the traffic sources. What that means is you finding out exactly where the traffic is coming from and checking whether or not you can replicate it.

You should also check out the financial information for the website. This means you need to check out all the expenses, including inventory and marketing, that went into the store. You need to do this to find out exactly how much they are spending to generate the results they got.

Never take a large social media following at face value. Make sure you vet all the social channels thoroughly and check out their engagement rates.

Knowing what's included in the deal will help you get better value out of it. Ensure you try to get all of the related inventory, social media, email list, and others included if possible. If you think something is necessary for your Shopify website, then make sure it's part of the final deal.

Always ask for the reason why they are selling if it's not listed already. You may not always get an answer, but it's worth asking.

Make sure you verify all the listing claims yourself. Ask for screen-sharing or "view only" account access to verify all the crucial aspects like traffic, sales, ad spend, others with the seller.

Only after you've done your due diligence and fully vetted the Shopify website listed for sale can you make an offer to the seller. Once you and the seller agree on the deal, the seller will initiate the transaction phase of the sale.

The Transaction Process

To ensure the money and website ownership transfer is safe, the Exchange partnered up with Escrow.com. The idea is exactly like how an escrow payment would work outside. Escrow.com works as a trustworthy mediator between the seller and buyer by holding the money until both parties agree that the deal's conditions have been met. The seller is the one who has to initiate the escrow transaction by coming up with the terms of the sale and submitting it to Escrow.com. Things like what the seller will include in the deal, whether or not the seller will offer support to the buyer, and the escrow period ( the time the seller will give the buyer to inspect the shop after the Exchange).

After the seller initiates the escrow payment, it falls to the buyer to pay whatever price has been agreed to. Escrow.com holds the money until both the buyer and seller informs Escrow.com that they are 100% satisfied with the deal and everything's been transferred over to the buyer. Then Escrow.com will transfer the money to the seller. So that's the transaction process, so now let's check out the last step, and that's ownership transfer!

Transferring Ownership

The usual ownership transferring process takes around three business days. By that time, the Exchange prepares the store for you to be the new owner. One way you can make the ownership transfer seamless is by creating a checklist of all the items included in the deal. It should consist of everything like assets and accounts that need to be transferred.

Start ticking off once you have the thing you need, and you will be well on your way to owning the new Shopify website. Suppose you have any questions or are facing a problem regarding the transfer of a domain name, social media account, or anything else. In that case, you can contact Exchange or even Escrow.com, and both will offer fantastic support to you. When transferring ownership, there are a few things you should look into before the escrow period expires:

Check out the responsiveness and quality of the suppliers.

Change all the passwords and make sure you remove the seller's access from all the aspects of your new business.

Try taking advantage of any support the seller can offer. Find out all you can about how they achieved the results they showcased. Remember asking all the questions you have will help you finalize a strategy faster.

Once both parties are satisfied and the escrow period is over, you will become the new owner of the Shopify website that was listed only a few days ago, and then you will be able to take it in any direction you want!

Work With Shopify Website Experts

So there you go, that completes our guide on how you can buy Shopify dropshipping websites for sale on the Exchange. Make sure you follow the process properly to ensure you don't lose out on the deal. If you find it hard to find a website you like, then Dropship USA is here for you. We are experts in creating Shopify dropshipping websites and have been providing dropshippers all over the States with highly optimized websites geared towards generating sales. We are primed to meet the demand for dropshipping websites in the USA, and if you need some help buying a website on the Exchange, then please contact us. You can chat directly with a developer to find out more about what website you should look to invest in.

You can also drop down your questions in the comments below, and we will provide you with the answers you are looking for. Please send in your thoughts and suggestions on our socials. Your feedbacks help us hone our service to better cater to your needs. So do send them in. And with that being said, that's about all we have for you today. We will come back with something new about the dropship nation soon. Until then, see ya!

Originally posted in: https://dropshipusa.io/blogs/news/how-to-buy-a-business-on-exchange