Here’s how we’ll make this the easiest year of owning a Shopify store ever – from proposal to close.
1
Apply in minutes
We’ll analyze your store’s performance over the last year.
2
Get a customized proposal
See all 12 months of your passive income in 1 day.
3
Lock-in your passive income
Transition your store to our experts within 60 days.
4
Maintain visibility into your store
Stay up to date on your store’s performance.
How OpenStore Drive works
2 min watch
See if you qualify
If your store meets the following criteria, there’s a great chance you’ll get an OpenStore Drive proposal.
6+ months of operations
$500k+ in net sales
Majority of customers & sales are in the U.S.
Product category isn’t restricted on Facebook or B2B
Questions
OpenStore Drive is a new, managed service that turns your Shopify store into passive income. In exchange for a small management fee, OpenStore’s team of experts manages your Shopify store for you –– guaranteeing you a monthly payout.
If your store meets our qualification criteria, you’ll receive an OpenStore Drive proposal within 1 day of requesting it. OpenStore Drive proposals outline 12 fixed monthly passive income payments (net of a 10% payout management fee) that you will receive over the course of a year. You’ll have 2 weeks to accept the proposal before it expires.
After you connect your Shopify account and ads accounts, our Analyst team and pricing engine will analyze your store’s performance over the last twelve months to help accurately forecast next year’s profits. We incorporate any trends in customer acquisition growth, average order value, customer repeat rate, and profit margins. This information determines the proposed monthly, passive income payments, net of our management fee.
Yes. While we strive to be as accurate as possible in our proposals, we’re incentivized to grow your stores and beat our own projections. Because we take on any performance risk and pay you your passive income payments no matter what, we keep any additional profit if we’re able to beat our projections.
Our team of e-commerce experts will leverage our scale, operating platform, and experience from managing the largest number of Shopify stores in the world to help drive down costs and increase profits for your store.
Unlike selling your store, you maintain ownership of your store while our team manages it for you. After 12 months, you can continue with OpenStore Drive, sell your store, or resume day-to-day-operations again.
OpenStore will reimburse you for on-hand inventory sold while we manage your store. Additionally, we’ll take over demand planning and paying for any new purchase orders made to our suppliers.
