dh
← Writing

I sold OrderBump four months after I bought it

Bought it in October, sold it by February, then spent months handing it over. I've had people ask me how to repeat this. You mostly can't.

2 min readacquisitions · shopify · luck

After LiveRecover sold in 2021 I took the summer off and ran cross country. Then I got bored, which is a thing that happens to me on a predictable schedule.

So I bought a Shopify app. OrderBump did one-click upsells at checkout. I knew the owners from the internet — they ran a web development agency and the app was a side output, not their main thing. That's usually the best kind of asset to buy: something good that isn't anybody's priority.

I closed on it in October 2021. I sold it by February 2022.

Then I spent the next few months helping move it into AppHub's ownership, which is the part nobody puts in the headline.

Let me be direct about the luck

People hear "bought it, flipped it in four months" and want the playbook. I'll give you what I've got, but I want the honest part first: a lot of that outcome was timing. The market for Shopify apps in early 2022 was hot in a way it hadn't been two years earlier and hasn't been consistently since. AppHub raised $60 million that spring and went shopping. A buyer showed up who wanted that specific thing at that specific moment.

I did some work. I did not do four months of work that justifies that return. If you build your plan around repeating it, you're going to be disappointed, and you'll blame yourself for something that was mostly weather.

What was actually repeatable

Buying something whose owner had stopped caring. Not a distressed asset — a healthy one owned by people whose attention was elsewhere. The gap between "this is fine" and "this is being run by someone who wakes up thinking about it" is where the return lives.

Being fast because I already knew the market. I'd been in the Shopify ecosystem since 2018 and running ecommerce stores since 2009. I didn't need to learn what a checkout upsell was worth or who the competitors were. That's not a trick, it's just the compounding value of staying in one place for a decade.

Not falling in love with it. I bought it as an asset. When someone wanted to pay for it, that wasn't a betrayal of a dream, it was the point. I think founders lose a lot of money to the story they've told themselves about what they're building.

Being willing to stay after the wire cleared. The sale date is not the finish line. A small app is a pile of context living in one person's head, and if you leave the day the money lands, you've sold the buyer something worse than what you had. Budget for the handover.

The thing I'd actually recommend

If you want to do this: stop looking for deals and start being someone people bring deals to. I got OrderBump because I'd been visibly operating in that ecosystem for years and the sellers already knew who I was. The pipeline wasn't a marketplace listing. It was reputation.

That takes a lot longer than four months.

End of file

If this was useful or you think I'm wrong about it, tell me: @dennishegstad.