Building a Short-Term eCommerce Site and Selling it For 10x Profit
Running an ecommerce site can be a great way to generate an income online.
Running an ecommerce site can be a great way to generate an income online. However, sometimes it takes more maintenance than you want to deal with. In these cases, you may want to consider selling it. By doing this you may be able to generate a solid business model by creating accounts and selling them online.
Here are some reasons it may be better to sell your site than keep it.
The Real Value is in Your Traffic, Not the Site Itself
You may have a store that generates over $10,000 a month in profit. However, your landing pages, backlinks, layout and content may not be the real reason the store is making money. Instead, you might be making great money because you found a great converting traffic source and really mastered it.
If this is the case, then you should easily be able to create a new online store and start generating more money again pretty quickly. You will still need to build up a brand reputation, but the rest of the site is mostly for show. There is no guarantee that the person that buys the store will be able to generate the same amount of money, because they haven’t mastered the same traffic source.
One of my friends uses contextual traffic from Propel Media (previously known as TrafficVance) and RTX (formerly known as 50 on Red) to promote his ecommerce sites and affiliate offers. He has mastered these traffic sources, so he was able to make money on his sites shortly after he launched them. If he had relied on SEO or organic social media traffic, his experience would have been very different. Other marketers do very well with Adwords and ecommerce, according to WordStream.
The Market is Changing
Trends come and go. If you think that the ecommerce niche that you are promoting won’t be around for much longer, then you should consider getting out of it before other people catch on. You can cash out and make a decent payday for your efforts.
You Want to Move On
Sometimes, you may have a great site that generates lots of money. However, if your heart isn’t in it, then your cash cow will eventually dry up. You need to be passionate about something to be successful at it, otherwise you won’t have the yearning to get up every day to do it. Try finding something else instead.
You See a New Opportunity
You may be generating a solid ROI from your existing ecommerce store. However, you need to consider the opportunity cost of holding onto it. You may get an even better ROI by selling it and using your capital to start a new venture.
It is always important to keep your mind open for new business opportunities. You never know when something better will come along, so it isn’t a good idea to be complacent with what you currently are doing.
How Do You Sell Your Online Store?
There are a lot of ways to sell an online store. The easiest is to sell it with Exchange by Shopify. You won’t need to worry about finding a potential buyer. You could get a better payout if you have a buyer lined up on your own, but few entrepreneurs are that lucky unless their store got enough attention that people began making offers on it.
These are just some of the ways that you can utilize your expertise in ecommerce to build stores and sell them for a profit. Alternatively, you can also apply the same tactics to buying an existing ecommerce store in a niche you are interested in and using your specialized knowledge to increasing its profits. Regardless of how you do it, using ecommerce entrepreneurship and pairing it with digital marketing tactics is a great way to make money online.
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