ebike biz rides to an exit in just 1 year 🚴‍♀️

August 9, 2022
​Read on web​

Inspired by the popularity of electric bikes amid mid-2020 lockdowns, Travis Campbell decided to capitalize on folks' desire to explore the great outdoors.

So he took a break from building SEO-focused websites and hopped on a new entrepreneurial ride: Energy eBikes.

The e-commerce company used a drop-shipping model, and within a year of starting the company, Campbell’s site had more than $1 million in revenue.

What set Campbell apart from others in the e-commerce space?

He built Energy eBikes with the specific goal of selling it. That ensured Campbell laid a solid financial foundation from the get-go.

More details on how he did it...

🚲 In just a year, this founder built and sold an e-commerce business to fund his next venture​

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Behind the business ...

The best part about taking some time off this summer was coming back with clarity about where we should focus in this next phase of our build.

Here's a high-level look at what we're thinking about for the rest of the year:

👉 Content: Keep our content engine running, publishing three posts each week on the website and sending two newsletters each week.

👉 Audience growth: Reach 5,000 subscribers to this newsletter, without dropping below a 52% open rate (right now we're at 2,600 subs and 57% open rate)

👉 Revenue: Consistently cover our expenses, about $13,000/month. (This does not include paying myself. That's next year's goal.)

👉 Match-making: Begin matching entrepreneurs who are looking to sell with an M&A advisor we trust.

👉 Reports: Launch two more reports, one on content companies that sold and another on SaaS companies

👉 Sponsors: Expand our circle of sponsors both for this newsletter and for our upcoming reports, helping sponsors reach our audience of entrepreneurs

👉 Podcast: Figure out next steps for Season 2 of the podcast, including partnering with an exclusive sponsor

It's a lot, but I feel good about chipping away at it, one bit at a time.

See you next time,

Lexi Grant
Founder & CEO
​They Got Acquired​
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P.S. ICYMI: This post on the sale of CSS-Tricks, a blog for developers, was popular last week. We managed to report the sale price: $4 million.

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Our mission is to redefine startup success by showcasing companies that sell for $100K-$50M. Learn more about us or follow us on Twitter.

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