Sell Shopify Store : In today’s digital age, online business has become a new trend. Platforms like Shopify have made it even easier. Many people are making good profits by making their stores on Shopify in cheap price. But there is a time when you want to sell your shopify store, no matter what the reason, such as starting a new business, lack of time or desire to earn profits.
Selling Shopify E commerce Store can be an easy process if you know the right way. Many initial users do not know where to start, on which website to list, and whether documents are necessary. In this article, we will tell you Step by Step how to sell the shoppific store and what is important to take care of it.
In this guide you will get information about fixing store value correctly, choosing marketplace, finding buyer and completing the deal safely. If you also want to sell your shopify store at a good price, then this article will be very useful for you.
How to Sell Shopify Store ?
To sell Shopify Store, first prepare your business, in which organizing finance, traffic and performance data.
Then, list it on a marketplace like Exchange Marketplace or Flippa. Highlight major features, revenue and development prospects so that buyers are attracted. Ensure smooth transfer with account and domain transfer.
- Before selling Shopify Store, you have to make some important preparations so that your store looks attractive for buyers and you can get the right value.
- Keep the store data and analytics ready: keep traffic, sales reports, and other performance data updated so that the buyer gets the trust.
- Keep designs and product inventory clear: Buyers need a store that looks professional. Therefore the design should be clean and products updated.
Keep the domain and social media accounts ready: Include all digital assets like Instagram, Facebook page related to your brand.
Calculate Shopify Store Value for Selling
Deciding the price of Shopify Store is an important step. You should neither sell at a very low price nor make much demand without value. Let’s know what to take care of:
- Net Profit: By seeing the profit from the last 6 months to 1 year, the Bayer decides the value.
- Traffic Source: Organic or paid traffic? This factor also decides the price of the store.
- Audience Base: If you have a higher number of returning customers, the price of the store may increase.
- Automation Level: The more automated stores, the more it will be attractive to the buyer.
The store usually has a value of the store between 24x to 36x of its monthly earnings.
Where can you sell your shopify store?
You can use online platforms such as Exchange Marketplace, SafeFlipping, Flippa, FE International, and Empire Flippers to sell your shopify store.
These websites work to connect buyers and vendors. By sharing the right valuation, store details and traffic reports, you can get the right buyer soon.
There are many online marketplaces available to sell Shopify Store where you can list your store.
- Flippa: The most popular website flipping platform. Here you can find individual buyers and investors.
- Shopify Exchange Marketplace: Shopify’s own marketplace which is safe and user-friendly.
- Empire Flippers: Perfect platform for verified buyers and high value stores.
- Fe International and Microacquire: Platforms for professionals that manage large deals.
- SafeFliping : You can list your any type website here with free
How to interact with Bayer and save safe transactions?
When a buyer shows interest in your shopify store, the process of interaction and transaction begins. During this time it is important to take care of some important things. First of all, get the Bayer signed the NDA (Non-Disclosure Agreement) so that the confidential information of your business is safe.
After this, make sure that the Bayer is serious – such a buyer usually asks questions in a professional manner, asks for a document and behaves clearly. For payment transfer, use a safe escrow service like Escrow.com so that the transactions remain safe. Finally, transfer the store’s admin access, shopify login, domain, email and other digital assets one by one to transfer step-by-steps so that there is no mistake in the process.
- NDAS (Non-Disclosure Agreement): First get the NDA signed so that your business information is not leaked.
- Identify Serious Buyers: Genuine Bayer is one who asks questions, asking for documentation and professional behavior.
- Use Escrow service: Use safe service like Escrow.com for payment transfer.
- Access Transfer Step by Step: Transfer to Admin Access, Shopify Login, Domain, Email, and other assets slowly.
What to do After sold shopify store
Even after the store is transferred, there are some responsibilities that need to be fulfilled.
- Give support period: Most buyers need the initial 15-30 days support.
- Keep documentation : Save all the agreement and payment receipts related to the deal.
- Focus on the new idea: Now when you have sold the store, start planning new business.
Can we sell a Shopify store?
Yes, you can easily sell your shopify store, provided it is an installed and good performance business. In today’s time, the value of digital property like website, blog and e-commerce store has increased considerably. Shopify store is also one such digital property, which you can prepare properly and sell it at good prices.
You have to make some important preparations before selling Shopify Store, such as traffic data, monthly revenue, profit margin, and customer information. This helps the buyer understand the real value of your store.
You can lists on platforms like Flippa, Exchange Marketplace, Empire Flippers, and Fe International to sell your store. These work to connect marketplace buyers and sellers. There you can share complete information about your store, screenshots, financial details and growth posibilities.
Another important thing when selling the store is safe transaction. For this, you should use safe escrow service like Escrow.com so that both payment and asset transfer can be done safely.
So if you have earned good profits from your shopify store and now want to sell it, it can be a great option.
How much can I sell my Shopify store for?
How much your shopify store will be sold in, it depends on many factor such as monthly revenue, profit margin, traffic, email subscribers, social media following, and brand value of the store. Usually the price of a shopify store can be 20 to 40 times the monthly profit.
For example, if your store is earning a net profit of ₹ 50,000 every month, you can sell it from ₹ 10 lakh to ₹ 20 lakh, provided the growth of the store is stable and the buyer can see the scalability ahead. Branded stores, which have customer retention high and organic traffic, may have more value.
Before listing on platforms like Exchange Marketplace and Flippa, you can find out the estimated price of your store using valuation tools. Also, professional valuation service can also be resorted to, especially if the revenue of the store is large.
Keep in mind, from the right presentation, clean data, and trust building you can get a good price for your shopify store. Therefore, it is very important to prepare the store well before selling.
How do I change ownership of a Shopify store?
Changing the ownership of Shopify store is an easy process, but it has to follow some important steps properly so that the transactions are safe and professional.
First, both Bayer and Sailor should trust each other and the deal with mutual consent should be final. Next, use a safe escrow service like Escrow.com for payment so that both payment and ownership transfer can be safely.
Once the payment is confirmed, go to the Shopify Admin panel to transfer the store’s ownership and go to Settings> Users and Permissions section. From there, the existing ownership can be transferred to the email of the new buyer. When the new buyer accepts the invitation, it becomes the new owner of the store.
Apart from this, you also have to transfer other essential assets such as domain name, business email accounts, logo, social media accounts and login details of any third party apps.
Do the entire process with step-by-step and documentation so that there is no problem in future. In this way you can change the ownership of your shopify store safe and successfully.
Conclusion
Selling Shopify Store is not a difficult task if you move in the right direction and from planning. Through this guide, you learned what steps are necessary for the Sell Shopify Store-deciding the value, choosing a platform, finding a buyer, and completing the transaction in a safe manner.
Once you learn this process, it can also become a profitable business model for you – make a shopify store, gro, and then sell it at a good price.
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FAQs
Can I sell Shopify Store even without profit?
Yes, if the store design, traffic or domain value can be found.
How long does it take to sell a shopify store?
It can usually take 2 to 4 weeks, but it depends on the stores attraction and market demand.
Is GST or any other registration necessary to sell the store?
If your business is registered then it is better, but small stores can also be sold without registration.
Which is the best platform to sell Shopify store?
Shopify exchange and Flippa are best suited for beginners.
Can I repeatedly sell and sell Shopify stores?
Yes, it is a valid business model called the website Flipping.
