“If you are looking to buy an already cash flowing business, like Amazon stores or Shopify brands,” according to OnlineAssets.com owner, Jay Jones, “you are in the right place. Here’s an overview of our online cash flowing store inventory. A look under the hood of our digital assets, if you will. We have multiple existing ecommerce businesses for sale that are one to two years old and already making money.” Find out more in my Online Assets review.
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The stores that he sells pull in about $10,000 per month, so it doesn’t take a brain surgeon to realize that a store like this will cost a good chunk of change. From what we found, you’re looking at $50,000 at least. I’m certainly glad that Jay level with us when he says, “We do not have anything for sale for less than that. Our ecommerce stores are real businesses, not internet automation marketing schemes. If you do not have at least $50,000, you will not be able to work with us or buy a functioning business.”
As with any local business owner there’s gonna be overhead… keeping the lights on, water running and whatnot. Credit has to be an issue. According to Jay, you’ll need to come out of pocket for the products you’ll be selling, and don’t forget about advertising and software to run the business. Everything needs to be purchased on credit, simply because using Cash or Debit just takes way too long. And you also need to have at least $20,000 in reserves to even get a LOC (Line of Credit). Now, if you don’t have that much on hand and your credit score is decent, don’t worry, they can finance you if needs be, then help you get the business credit cards you need.
Every month, Jay and his crew work like crazy to make sure that they have good quality stores. The last thing they want to do is put up a bunch of stores that don’t measure up, which is why there’s only a few of them that you can buy at a time. So, if you’re been looking and one has caught your eye, I wouldn’t sit on my thumbs deciding whether to pull the trigger or not, otherwise someone else might swoop in and grab it and you’re left holding the bag. Keep in mind, you’re chances of failing are just about 0% since these sites have been up and running and making money; all you’re doing is stepping in, taking over the reigns, and depositing money in your bank account.
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According to Jay, “Studies tell us 99% of businesses fail within the first year, which is why we don’t buy anything that’s less than 12 months old. Everything we acquire has a proven process in place that we can improve upon with our team and network. Because we buy this way, all businesses under our management have a 100% success rate. If not, we will buy the store back from you within a 24-month period. Meaning, if the store you buy does not make your initial acquisition price within the first two years, we’ll buy it back from you for the difference not generated.”
So, this business model basically works like this… They build the ecom store and then sell a stake in the store to investors. It’s kind of like running a real estate syndicate where each investor buys part ownership in an apartment complex, but instead of an apartment, you’re buying into a digital brand. They’re not new to this, in fact, they have hundreds of these under their belts. They create the store and get exposure, you come in as a Venture Capitalist and partner with them. They go back to the store and start ramping things up. As soon as the stores are stacking cash, you have the option to sell the store for a fast profit, share in the equity, or buy them out and keep the profits for yourself.
Jay has a way of showing his Shopify stats. He refreshes his screen, and you can see numbers from his stores, but you can’t see the store names. It’s all hidden, which is smart, I guess. It’d be really cool to actually see one of these stores. The whole thing feels kind of secret and hard to understand. They say on their website that big names like Forbes and NBC have featured them. Personally, I couldn’t find anything about them when I went to those sites. There’s only one review from a guy named Igor. He says he’s excited to start making money with Jay and OnlineAssets.com, he just hopes the money starts coming in soon.
