{"id":211236,"date":"2021-10-21T12:38:20","date_gmt":"2021-10-20T23:38:20","guid":{"rendered":"https:\/\/legalvision.co.nz\/?p=211236"},"modified":"2021-10-25T18:17:30","modified_gmt":"2021-10-25T05:17:30","slug":"sell-e-commerce-shopify-site","status":"publish","type":"post","link":"https:\/\/legalvision.co.nz\/e-commerce\/sell-e-commerce-shopify-site\/","title":{"rendered":"Can You Sell Your NZ e-commerce or Shopify Site?"},"content":{"rendered":"\n<p><span style=\"font-weight: 400\">There is a lot to consider if you want to <\/span><a href=\"https:\/\/legalvision.co.nz\/data-privacy-it\/business-cyber-threat\/\"><span style=\"font-weight: 400\">sell your e-commerce business<\/span><\/a><span style=\"font-weight: 400\">, particularly if you want to sell your e-commerce website itself. Not only do you have to worry about domain name transfer, but there is also the matter of selling the contents of the e-commerce website. For some guidance, this article will focus on the process of selling the contents of your e-commerce website, particularly if it is a Shopify site.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Selling Your Website<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Depending on the context of how you sell your <\/span><a href=\"https:\/\/legalvision.co.nz\/e-commerce\/etsy-online-store\/\"><span style=\"font-weight: 400\">online store<\/span><\/a><span style=\"font-weight: 400\">, there will be numerous considerations for you as the seller. For instance, how you sell it will change depending on whether you are only selling your website or selling it as part of an overall business sale.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">However, regardless of how you sell it, you should prepare it adequately before finding a buyer. What this looks like exactly<\/span> <span style=\"font-weight: 400\">will depend on your business plan, but may include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">preparing any contracts (such as developer agreements) for transfer;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">increasing SEO efficiency;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">preparing documents\/information for an information memorandum (such as web analytics summaries);<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">summarising website traffic;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">advertising information;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">compiling social media metrics;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">reviewing encryption certificates;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">renewing your domain name; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">reviewing your online documentation (such as privacy policies and website terms of use).<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">It may be useful to engage a website broker, particularly if you want to sell internationally and sell your own bespoke site. However, if you are looking to sell your e-commerce site from an e-commerce platform, how you sell it will depend on the platform itself.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Selling Your Shopify Site<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">If your website uses the Shopify <\/span><a href=\"https:\/\/legalvision.co.nz\/e-commerce\/key-terms-and-conditions-to-review-when-purchasing-from-new-zealand-online-stores\/\"><span style=\"font-weight: 400\">e-commerce platform<\/span><\/a><span style=\"font-weight: 400\">, they have their own marketplace for users wishing to sell their websites. You can list your Shopify site on the Exchange Marketplace, regardless of how new or old your business is. However, there are a few requirements that you need to meet to list your site on this marketplace, including:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">being the Shopify store owner;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">being over 18 years old;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">having a fixed asking price, rather than relying on an auction-style format;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">having the right payment plan;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">not being in a trial period;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">being in good standing if you use Shopify Payments;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">using only the Exchange Marketplace to communicate with buyers in the selling process;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">resolving any outstanding legal or risk issues with your store;&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">complying with Shopify\u2019s Terms of Service and other agreements; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">completing the final sale using the Exchange Marketplace\u2019s Escrow service.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">The exact process of selling your business on the Exchange Marketplace can get complicated, but if you have organised your business\u2019 important website documents, this can help immensely.&nbsp;<\/span><\/p>\n\n\n\n<div class=\"box box--icon box--info\">\n<p><span style=\"font-weight: 400\">If you are eligible to sell on the marketplace, you can create a listing that Shopify will need to approve. If they do, that listing will go onto the marketplace for buyers to see. Then, buyers can send you messages, and hopefully, make an offer.&nbsp;<\/span><\/p>\n<\/div>\n\n\n\n<p><span style=\"font-weight: 400\">Once you have a prospective buyer, you will need to go through the marketplace\u2019s Escrow service. This process is a secure transaction that covers various aspects of the sale, such as:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">asset transfer;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">due diligence and inspection periods;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ownership transfer; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">fund dispersal.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">It would be useful to understand this process fully before you use the Exchange Marketplace so that you can adequately prepare your website. To do that, you can find more information on Shopify\u2019s website.<\/span><\/p>\n\n\n\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl fa-regular fa-arrow-down\"><\/i>\n<\/a>\n<div class=\"px-6 pt-10 pb-12 mb-10 text-center bg-gray-100 rounded-b-xl sm:px-12 test\">\n    <div class=\"mb-8 text-2xl font-bold text-orange\">\n        Need legal advice?\n        <br>\n        <span class=\"text-lg not-prose\">\n                            Call <a href=\"tel:+64800005570\" class=\"not-prose\">0800 005 570<\/a> for urgent assistance.\n                <br>\n                Otherwise, complete this form, and we will contact you within one business day.\n                    <\/span>\n    <\/div>\n\n    \n\n<div class=\"not-prose flex justify-center text-left gform_input_bg_white    \">\n    <script>\nvar 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This process can include any intellectual property you have created, such as:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">written content;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">copyrighted photos\/images;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">website logos;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">branding imagery;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">product names; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">shop data.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">Therefore, you need to be certain that you want to include these assets as part of the sale of your website.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">This fact is also a consideration even if you are selling your website through other means. Therefore, it would be useful to seek the advice of a legal professional with experience in asset transfers, particularly in digital and website assets. They can ensure you are in the best position to sell your website at a fair price.<\/span><\/p>\n\n\n\n<div class=\"box box--icon box--info\">\n<p><span style=\"font-weight: 400\">If you created your website using an e-commerce platform, you will need to check their terms and conditions to see if they have any particular rules for selling a website on their platform.<\/span><\/p>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Selling your website can be a deceptively complicated process, so good documentation and organisation are vital. If you run your website through a particular e-Commerce platform, such as Shopify, they may have their own dedicated processes for selling your site that you can take advantage of. However, even if they do not, they likely will have terms and conditions that may apply to your sale, so you must take these into account to avoid disputes down the road. If you would like more information or help with selling your e-commerce or Shopify site, contact <a href=\"https:\/\/legalvision.com.au\/online-lawyer\/\">LegalVison\u2019s e-commerce lawyers<\/a> on <a href=\"tel:+64800005570\" class=\"AVANSERnumber dynamic-number\">0800 005 570<\/a> or fill out the form on this page.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Frequently Asked Questions<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1634772153308\"><strong class=\"schema-faq-question\">What is an e-commerce website?<\/strong> <p class=\"schema-faq-answer\">An e-commerce website is a digital platform that allows you to set up your e-commerce business. In addition, they can facilitate customer payments and provide website templates for you.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1634772171680\"><strong class=\"schema-faq-question\">Is Shopify a good e-commerce website?<\/strong> <p class=\"schema-faq-answer\">Shopify can be a good option for your e-commerce business, as it provides many of the technical aspects that such a business needs to run. It can provide a good start for small businesses.<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"11ba8863dd\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/211236\" \/>            <input value=\"https:\/\/legalvision.co.nz\/e-commerce\/sell-e-commerce-shopify-site\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"Can You Sell Your NZ e-commerce or Shopify Site?\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There is a lot to consider if you want to sell your e-commerce business, particularly if you want to sell your e-commerce website itself. Not only do you have to worry about domain name transfer, but there is also the matter of selling the contents of the e-commerce website. For some guidance, this article will<a href=\"https:\/\/legalvision.co.nz\/e-commerce\/sell-e-commerce-shopify-site\/\">Continue reading <span class=\"sr-only\">&#8220;Can You Sell Your NZ e-commerce or Shopify Site?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13236,"featured_media":861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[6],"tags":[23,25,501,637],"class_list":["post-211236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","tag-start-a-business","tag-small-business","tag-ecommerce","tag-e-commerce"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can You Sell Your NZ e-commerce or Shopify Site? 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