14min chapter

Limited Supply cover image

S8 E10: Nik Grills OpenStore About Their Secrets to Success

Limited Supply

CHAPTER

OpenStore Drive Program and Acquisition Criteria

This chapter delves into OpenStore's Drive program, where businesses are taken over with guaranteed monthly payments to the owners for a 12-month term, eventually leading to acquisition. It discusses the criteria for businesses to qualify for acquisition, focusing on healthy margin profiles and strong customer satisfaction indicators. They also explore the challenges faced by e-commerce aggregators and highlight their strategy of targeting the discovery segment of direct-to-consumer through Shopify for brand growth.

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