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Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [2] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [3]
Drop shipping is a form of retail business in which the seller accepts customer orders without keeping stock on hand. Instead, in a form of supply chain management, the seller transfers the orders and their shipment details either to the manufacturer, a wholesaler, another retailer, or a fulfillment house, which then ships the goods directly to the customer.
The majority of Flippa's revenue comes from selling online businesses including content sites, SaaS businesses, ecommerce businesses, apps, digital services, marketplaces and more. [1] The most expensive sale to date was a portfolio of Singapore-based apps, which sold for US$35,000,000.
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Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer. [4]
The company was founded in 2005 by New Zealand-born entrepreneurs Simon Slade and Mark Ling in Christchurch, New Zealand. [3] While Slade worked full-time for Hewlett-Packard, he also sold on New Zealand’s local online auction site, Trade Me. [citation needed] After receiving numerous inquiries about where he found his suppliers, Slade recognized the demand for a directory of verified suppliers.
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