If you want to start an e-commerce business but don't know where to begin, a starter store from Exchange might be exactly what you need.
What are starter stores?
Exchange offers starter stores from as little as $50 all up to as much as $500, but most are in the $100-250 range. Depending on the starter store, what is included will vary.
Why purchase a starter store?
There are many different benefits to purchasing a starter store from Exchange, especially for a first-time entrepreneur. Here are the top ten:
1. You don't have to worry about choosing a name
Some people know from the get-go what they want to call their business, but for most of us, choosing a name is a difficult decision. And the name we like might not be a name that works.
With a starter store, you don't have to make the decision – it already has a name, and in most cases, that name has been carefully chosen to represent the products the store is intended to sell.
2. A starter store comes with a pre-built theme and design
All of our starter stores come with an existing product theme and a design chosen to emphasize that theme, so you don't have to worry about building the website yourself. This saves you several hours of work right off the bat.
3. There may already be a selection of products for sale
Many of the starter stores available from Exchange come with a variety of products already in place, ready to be sold and drop-shipped all over the world. These stores use a drop shipping app called Oberlo to find new, relevant products, so you can also expand your product selection at any time with minimal effort. Some starter store packages also include an existing physical inventory.
4. Capitalize on existing work
All of our starter stores have already been created. When you buy one of our websites, you'll get access to all the work its previous owner put into it – work that would be thrown away otherwise.
Along with your ready-made website, starter store packages include access to logos and other branded graphic design, as well as any pre-existing social media accounts. Some sellers will also offer personal support for a period of time after you purchase the store, helping you settle into your new business.
5. You can start selling right away
Once you've started the negotiation process, buying a starter store can take anywhere from one day to a full month. You can start selling the moment the purchase is complete.
Some of our starter stores come with social media accounts that already have a significant following, so with the right marketing strategy, you can quickly grow these sites into successful businesses.
6. Purchase a business without spending a fortune
Purchasing an online store also offers the main benefit of running any online business: low overhead.
The initial cost is also much less than buying a physical business. Any worthwhile brick and mortar business will sell for thousands of dollars, but many of our starter stores are in the $100-250 range.
7. Limit your risks
Every business venture has its risks, but those risks are smaller when you purchase a starter store. You won't need any loans to buy the store, and it comes with an effective design and possibly even a selection of high-quality products already in place.
Since you aren't storing your own products or hiring to people to run a physical shop, you'll also save thousands of dollars on insurance. If you want to start a business but you want to minimize your risk, a starter store is one of the best ways to do it.
8. Improve the existing business with your skills
If you've never run a business before, it's often challenging to figure out what you need to do to get things going. With an existing business like a starter store, it's easier to identify problems and areas for improvement.
9. Access unlimited potential for growth
In 2017, more than 1.66 billion people bought goods online, and that number is expected to grow to 2.14 billion by 2021. With a starter store, you can tap into that massive growth, starting right away. You can reach a dozen people or twelve million people. All you need is the right marketing strategy, quality products, and a little bit of luck.
10. Expand into new business niches
If you’re already an entrepreneur, you know one of the best ways to futureproof your income A starter store is the ideal solution, allowing you to build a new arm of your business in the space of a few hours.
The one caveat here is that the starter store will already be named, so if you want a site that shares a name with your primary business, you'll have to start from scratch instead.
If you're looking for a simple way to enter the world of entrepreneurship, buying an internet business like one of our starter stores is a potential option to get you started selling. We have hundreds of starter stores available on Exchange, and new stores become available every week.