Growing Membership Based ECommerce Marketplace

Business Overview:

Website Closers® presents an eCommerce Brand of unique and high demand Indoor and Outdoor products that uses an Amazon Prime–like membership program that brings in a predictable level of recurring revenue and offers customers free shipping and 50% of all future orders. The system clearly works given that the company continues to grow year over year and now exceeds $7 Million in Sales and $1.2 Million in Adjusted EBITDA, a pretty compelling 17% margin given the discounts that members are able to achieve. The company is busy. They now ship 200+ orders every day and have achieved 230% earnings growth since the summer of 2023. Besides their unique membership model, they also have a unique way of deciding which products to offer to their members. Products are not chosen randomly. The company has a Product Research team that investigates which products in their verticals are enjoying outstanding sales but have low competition. Those products are added to the company’s listings and then ordered from their supplier, who stocks inventory for them, free of charge. When orders come in, the supplier handles shipping. And while this might sound somewhat simplistic, is it anything but and very difficult to replicate. 

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Additional Details:

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