A lack of time
You’ve landed on this page because you’ve seen me speak about The Pirate Club.
It was a monthly membership I was running and as it started to grow with more and more users…
I couldn’t keep up with producing more content each month while still running my main eCommerce Store.
While The Pirate Club was something I enjoyed doing, it has to be something that I look to do once I sell my eCommerce store.
When you start your online store, always be thinking about the chance that you might want to sell it one day.
Selling your store, it’s usually a multiple of the net profit you’ve made over a certain period of time.
For example, if you are doing $10,000 a month in net profit, then you might sell your store for 24 times that, so $240,000.
So while building the memberships inside The Pirate Club was good fun and becoming profitable, it was taking me away from my eCommerce store, which meant I was making less net profit there than what I could be and thus affecting this multiple for when I sell.
Selling is something I want to do soon, so I’m all hands on deck with that for now and blogging here on WagePirate.com when I get the chance.
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I appreciate you taking the time to check out The Pirate Club,
Speak soon!Grant.
Here is what I recommend you do next
Although I have closed this free drop shipping course, I recommend subscribing to my mailing list where I share tips.
I am still running my dropshipping store and we’re approaching 10,000,000 in sales which is crazy (see the screenshot on this page)
I can barely keep my car battery charged as an adult (I’ve had to get a jump start 5 times already this year).
I release a lot of tips there so subscribe and I’ll see you in your inbox soon 🙂
Oh.. and I am now running all my websites on WordPress using the WooCommerce plugin.
Click here to get my FREE Course that should you How to Start An Online Store using WordPress.