OpenStore blog | For what it's worth

How to prepare your business for sale in 2023

Financial preparedness—from audits to accurate valuations—will make your business more appealing for sale. Waiting for the 'perfect time' might cost you more.

Selling

9 minutes

Future of your Shopify store: growth, exit, or autopilot?

70% of Shopify store owners contemplate selling, but only 7% take steps to act on it. CEO Keith Rabois shares growth strategies & autopilot options.

Selling

8 minutes

Shopify Exchange marketplace alternatives: pros & cons

Secure the best deal! Explore benefits & drawbacks of selling your Shopify store on Flippa, Facebook groups, LinkedIn, through business brokers, and OpenStore.

Ops & Logistics

10 minutes

Turn Shopify returns into upsell opportunities

Customer experience experts weigh in on how to reduce returns to save logistics costs and increase customer loyalty. Avoid returns with e-commerce best practices.

Ops & Logistics

11 minutes

Shopify shipping strategy: free, rates & carriers

Whether you're considering third-party logistics or free shipping for your Shopify store — our expert, ex-Amazon insights will help guide your decisions.

Shopify Marketing

9 minutes

SEO best practices for your Shopify store

Implement an SEO strategy that is supported by multi-channel marketing to earn organic traffic with content, email marketing, and a fast, mobile-friendly Shopify store.

Selling

8 minutes

OpenStore reviews: 4 founders who sold their Shopify stores

Real success stories from Shopify founders who sold to OpenStore. Fast, fair algorithmic valuations, and all-cash payouts within 1-2 weeks — without broker fees.

News

5 minutes

Keith Rabois: how to manage multiple Shopify stores

Keith Rabois & Nik Sharma discuss the best way to optimize your Shopify portfolio: reduce costs in shipping, marketing, advertising, and inventory management.

Shopify Marketing

15 minutes

60+ best Shopify marketing strategies 2023

Boost your store with tips from founders: nail social media ads with user-generated content, master timely email marketing, and deploy a multi-channel strategy.

Ops & Logistics

7 minutes

Shopify payment methods: Stripe, PayPal, Shop Pay, Affirm, Klarna, Afterpay

7 ways how to decide between PayPal versus Stripe, or one of the buy-now pay-later offerings: Shop Pay Installments, Klarna, Afterpay, Affirm, and Sezzle for your Shopify store.

Smartphone with Facebook, Instagram and Snapchat apps

Shopify Marketing

3 minutes

How to calculate your Shopify store’s ROAS

How much money are you actually making from ads? The ‘return on ad spend’ metric helps you improve on Facebook, Instagram, Google, Reddit, LinkedIn, or elsewhere.

Keith Rabois (left) and Nik Sharma (right) meeting in NYC

News

4 minutes

Nik Sharma & Keith Rabois on turning DTC into passive income

The pair sat down in New York to talk about the future of e-commerce, challenges in DTC, and how Shopify merchants can currently leverage a new offering to generate passive income.

Selling

13 minutes

How much is your Shopify store worth?

Looking to sell? Add additional owners, figure out stock options? Apply for loans for the future. You can use the discounted cash flow (DCF) approach, or the earnings multiplier with EBITDA.

An example of an ad from a Shopify store

Shopify Marketing

14 minutes

Instagram & Facebook ad playbook for Shopify stores

Avoid these 3 budget-wasting mistakes. Instead, leverage video ads, nail custom landing pages, dodge iOS 14.5 problems, and target different stages of the marketing funnel.

News

3 minutes

OpenStore Drive turns your Shopify store into passive income

Maintain ownership of your store while we manage it for you. By operating the largest number of Shopify stores in the world, we've cracked marketing, customer experience, fulfillment, and inventory.

News

4 minutes

OpenStore’s origins & goals: efficient e-commerce and an IPO

In the second installment of our Limited Supply recap, Keith Rabois dives into OpenStore's origins, end game, and the key to successful leadership.

Shopify Marketing

5 minutes

3 ways to automate email and SMS marketing with Klaviyo for Shopify

Here are 3 ways to boost your customer retention and automation with email and SMS.

Selling

6 minutes

Keith Rabois & Nik Sharma discuss the easiest way to sell a Shopify store

Keith Rabois met with Nik Sharma and Moiz Ali for an episode of Limited Supply, their no-BS podcast on DTC. They discussed how to grow and sell Shopify stores.

Selling

11 minutes

How to sell your Shopify store | Complete Guide 2023

Selling a business is often complicated and lengthy, but it doesn’t have to be.

Founders' Stories

5 minutes

3 best practices for instant profitability for Shopify stores

Within two months of launching Exo Drones, Charlie had made almost a million dollars in profit. Learn about the best practices that primed his brand for instant profitability.

Exo Drones founder, Charlie Cannon, transferring his inventory to OpenStore's Merchant & Acquisitions Lead, Brian Quimby, post acquisition

Founders' Stories

7 minutes

How a 22 year-old founder sold his Shopify drone store for millions

Exo Drones founder had a plan. High-tech drones at an unmatched cost. Here’s how he disrupted the industry and landed a multi-million dollar exit in his early twenties.

Shopify Marketing

14 minutes

Shopify marketing: 10 cost-effective campaigns to drive conversions

Grow your Shopify store with email marketing, SEO, user-generated content, SMS promos, etc.—and don’t miss these key campaign ideas.

Founders' Stories

6 minutes

Founder restores work-life balance by selling Shopify store

The founder of Barn Chic, an apparel marketplace, was overwhelmed by her Shopify store’s rapid growth. In addition, trying to sell her business on Shopify Exchange was frustrating and slow.

Shopify Marketing

7 minutes

Facebook for Shopify stores: UGC video ads that convert

Max Medroso, Founder of TheSTEMKids, unpacks why Facebook video ads are cheap to create in-house and how to effectively leverage UGC and influencers.

Family with holiday season e-commerce gifts

Shopify Marketing

5 minutes

Holiday season promotions & inventory planning for Shopify stores

The BFCM sprint is critical for driving revenue - customers have their wallets out and are ready to shop. Here's how to optimize your ops and marketing for the holidays.

Ops & Logistics

4 minutes

Customer experience tips: complaints, reviews, and support

Customer service is a competitive advantage for every brand. Repeat founder of Skull Riderz unpacks handling complaints, optimizing reviews, and outsourcing support.

Selling

6 minutes

Why Skull Riderz chose OpenStore over business brokers

The founder of Skull Riderz, Ben Davenport, shares why he sold to OpenStore for 80% cash upfront - and how we provided the freedom and funds to pursue his next chapter as a DTC founder.

OpenStore CEO Keith Rabois at a panel talk

News

11 minutes

How to hire great leadership: a fireside chat with Keith Rabois

Keith Rabois believes that a simple key to being a successful CEO is maximizing time spent on high-leverage activities and to “find someone who loves doing what you hate”.

Selling

11 minutes

How to sell your small business without a broker

Brokers don’t ensure the best deal and charge high fees. Selling through personal connections can get you a quick sale, marketplaces can take months, while OpenStore can buy your business in a matter of weeks.

Phone, live chat, and email support agent with her colleague

Ops & Logistics

5 minutes

Contact Shopify: best support channels for 2022

Facing roadblocks in your ecommerce store? Find hassle-free solutions for your queries with these popular Shopify support channels (live chat, phone, and email) and lesser-known alternatives.