Hey all,
A few months ago, I launched a lean e-commerce business that sells men's shoes - an evergreen product with high margins sitting around 40% (Fell a little in the second month).
Since the start of the year, we have managed to generate $24K in revenue with roughly $9K in profit. Most of this revenue was generated within the first two weeks of January where we saw $14.5K in revenue. The reason for the slowdown is that from January 20th to February 5th, our suppliers in China celebrated Chinese New Year which affected the business.
I am now looking to sell this business to put together some capital to help me launch businesses faster in other niches/verticles and I am seeking YOUR help.
What do you think is the best/fastest way to sell an Ecommerce business? Have you sold one in the past? If so, how did you go about doing so? I have attempted to list it on Acquire, however, it was not accepted.
I have listed it on some marketplaces, with a couple disapproving the listing.
Any ideas are greatly appreciated!
Thank you all,
if you got any advice pass on to me. I also need that.