How to fund buying an eCommerce store

The good news is that you don’t need the total sale price in cash. However, you will need some money upfront. Otherwise, you won’t get far.

When buying a business, you can structure different deals. For example, you can pay 50% upfront and the rest out of profit over six months, this is common in larger business transactions.

Now all of a sudden your store budget has doubled!

I found the prospect of spending my hard-earned cash a little tricky. What if I got it wrong and lost the cash? The trick is committing the cash and putting it in a separate account, then treating it as spent.

As with any investment, only put aside what you can afford to lose. The upside is that the returns can be great.

Funnily enough, I ended up spending a 3rd of my budget and bought it outright because it fit my criteria. However, it was great having the option to buy more stores with more significant price tags.