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Shopify president predicts what’s next for e-commerce
The shift in consumer behavior that came with the pandemic isn’t over yet, says Shopify President Harley Finkelstein. There are still significant opportunities available to retailers in the e-commerce and direct-to-consumer sectors. As the industry continues to evolve, Finkelstein offered three key suggestions: go omnichannel, strengthen last-mile delivery options, and invest in augmented reality. Finkelstein said that companies shouldn’t look at their operation as being simply “e-commerce” or “wholesale,” but should instead take an omnichannel approach that allows customers to choose their own sales experience. Additionally, Finkelstein predicts that the demand for curbside pickup and fast shipping for online orders isn’t going anywhere. Finally, retailers should invest in augmented reality as a way to allow consumers to virtually test products in their home, a benefit that can reduce cart abandonment and increase conversion rates. Dropbox to acquire secure document sharing startup DocSend for $165M Dropbox announced this week that it plans to acquire DocSend, a company that helps customers share and track documents by sending a secure link instead of an attachment, for $165 million. When blended with the electronic signature capability of HelloSign, which was acquired by Dropbox in 2019, it allows Dropbox to provide an end-to-end document-sharing workflow that previously was missing. “Dropbox, DocSend and HelloSign will be able to offer a full suite of self-serve products to help our millions of customers manage the entire critical document workflows and give more control over all aspects of that,” stated DocSend co-founder and CEO Russ Heddleston. While DocSend has 17,000 customers, Dropbox CEO Drew Houston believes the acquisition gives the company the opportunity to get in front of a much larger customer base as part of Dropbox. DocSend’s approximately 50 employees will be joining Dropbox when the deal closes upon closing which is subject to standard regulatory oversight. WordPress 5.7 launches with one-click HTTP to HTTPS conversion Building websites and upgrading their security just got a whole lot easier in WordPress with the release of the latest version of the world’s most popular CMS on Tuesday. WordPress 5.7 “Esperanza” helps site owners work in a few places they couldn’t before without needing to write custom code. Updates to the editor include font size controls now being available in the List and Code blocks, reusable blocks are now more stable and you can also drag blocks and block patterns into the post directly from the inverter. In addition to enhancements to the editor, one of the biggest features in this release is the capability to convert WordPress sites from HTTP to HTTPS in a single click. Once this conversion is started, WordPress automatically updates database URLs to the new protocol. HTTP and HTTPS both allow a web browser to send a request to a web hosting server and receive a response, but HTTPS uses TLS/SSL encryption to secure requests and responses, whereas HTTP sends this information in plaintext. WordPress also released a field guide for site owners who need assistance getting acclimated to the new update. You can check out the latest version of the WordPress Field Guide. |
For sale is a B2B SaaS business in the business planning, management, and advisory software niche with over three decades of operational history.
Launched in 1990, the business provides over 10 different tools across its platform for SMEs (including business owners and managers), and business advisors (including accountants, wealth planners, and consultants). The business’ high-quality and vast product library has allowed them to obtain over $970K in gross revenues, with an MRR of c.$86K from over 1,000 active paying clients over the LTM, while generating an LTV of c.$2K and low customer churn of just 4.6%.
With an established brand and software, the business presents a highly-scalable and unique opportunity for a new owner to take over a reputable business with a vast array of unexplored growth opportunities both domestically and internationally.
Some key highlights:
- Strong foothold in the Business Planning & Management Software niche with over 30 years of operational experience
- Impressive SaaS metrics, with an MRR of $86K, a LTV of over $2K, and low customer churn of 4.6% over the LTM.
- Strong revenues over the LTM, with the business generating c.$1M in gross revenues
- Growing client base, with over 1,000 active paying clients over the LTM
Request a prospectus to learn more.
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Amazon FBA – 6 Y/O Gardening Tools Business – $756K Gross/Yr
- Strong brand firmly positioned in the gardening tools niche
- Impressive revenue growth over the 2015 to 2020 period, with the Amazon US storefront growing at a CAGR of c.22%
- Amazon Storefront with 98% positive feedback and an average 4.9-star rating from c.2,500 reviews
- High-quality product offering driving an average of c.2,700 unit sales a month over the LTM
Yearly net profit: $294,000
Asking price: $897,000
Display Advertising – K-Pop & Entertainment – $7.3K Gross/Mo
- Rapidly growing display advertising business in the K-Pop niche
- Strong traffic profile, attracting over 45,000,000 visitors and 100,000,000 page views in the LTM
- Strong revenues over the LTM, with the business generating over $87K in gross revenues
- Lean and scalable cost structure, with high net margins of c.85%
Yearly net profit: $71,000
Asking price: $200,000
RECENTLY SOLD
Amazon FBA – Hair Care, Beauty Products and Supplements – $7M Gross/Yr
Software Sales – Email Marketing Software – $7.5K Gross/Mo
SaaS – Lead Categorization & Assignment CRM Integration – $2.7K MRR
That’s all for this week. See you next week!
The FE International Team