Selling & Buying Shopify Stores: Empire Flippers' Insights | The Unofficial Shopify Podcast
"Buying a business is so much faster than building one and so much safer if you buy big enough."
Get the inside scoop on buying and selling Shopify stores from Gregory Elfrink at Empire Flippers. With over eight years of experience, Greg shares valuable insights on the benefits of acquiring an established business, essential steps for preparing a store for sale, and key factors influencing business valuation. If you're ready to play big and cash in, this episode is your backstage pass to the raw, unfiltered realities of the e-commerce hustle.
TIMESTAMPS
00:00:00 The Shortcut to Success: Buying a Business
00:04:50 The Ins and Outs of Selling Shopify Stores
00:11:19 Factors That Affect the Valuation of a Business
00:18:11 The Structure of Purchase Deals: Upfront Payments and Earn Outs
00:21:21 Navigating Earn Outs and Deal Structures
00:23:28 Advice for Buyers: Winning Over Sellers
00:26:44 Mastering Negotiations and Deal Structuring
00:31:36 Trends in the Market: DTC Businesses and Marketing Agencies
00:34:03 The Future of E-commerce and the Impact of AI
00:37:22 Introducing the Empire Flippers Shopify App
Gregory Elfrink heads marketing at Empire Flippers and has helped sell hundreds of online businesses. His journey from an oilfield roughneck in Alaska to a leading expert in the digital marketplace is nothing short of remarkable. His insights are rooted in a deep understanding of the digital marketing world, fueled by gritty real-world experiences.
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If you enjoyed this deep dive into the e-commerce world, don't forget to like*, *comment*, and *subscribe for more insider insights. Check out Gregory's work and additional resources:
Empire Flippers: https://empireflippers.com/
Empire Flippers Valuation Tool: https://apps.shopify.com/empire-flipp...
Follow Gregory on LinkedIn: / gregoryelfrink
Book Recommendation: "Built to Sell" by John Warrillow
**Sponsors**:
[Zipify](http://zipify.com/KURT)
[Cleverific](https://cleverific.com/unofficial)
#Shopify #EmpireFlippers #Ecommerce #OnlineBusiness #SellingOnline #BuyingBusinesses #Entrepreneurship
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