- Avg. revenue /month$55,144
- Avg. sessions /month18,066
- Avg. profit /month$13,164
Why this business was started
I decided to start this business because I wanted to escape the typical 9-5 rat race. The reason that I chose the industry/products that I did, is because the products that I sell are products that people do not think twice about spending money on. Most of our products are higher ticket items, but also items that people need, and will purchase without thinking twice. On top of that, I also chose this niche because the demand will always exists as long as humans exist. Our revenues and profits have grown to the point of a steady stream of income, well above living comfortably, and I am now ready to pass the torch and give somebody the opportunity to grow the business and already have a head start as far as income is concerned. IF YOU HAVE ADDITIONAL QUESTIONS ABOUT ANYTHING NOT COVERED IN THIS LISTING, PLEASE SEND ME A MESSAGE.
The reason of selling this business
PLEASE NOTE YTD Avg. Monthly Rev.: $97,158.87 *YTD Avg. Monthly Visitors: 29,725 *YTD AOV: $445.42 *YTD Avg. Number of Orders: 243 *YTD Avg. Monthly Profit: $13,164 *Actual Aug. 2021 Rev = $101,479.35 *Actual TOTAL REVENUE = $1,024,356.45 *Will more than happily provide proof of all of the above figures**
The reason that I am selling this business it has an endless amounts of untapped potential, but I simply do not have the time to get it to where it needs to be. I have dedicated my the past 1.5 years of my life to this store, and it has taught me so much and lead me to other opportunities that I have discovered a passion for. Email marketing typically contributes to 33% of sales, and we have not even touched email marketing campaigns with a customer list of nearly 6,000 emails. I am now spending most of my time as an ecommerce consultant, teaching people how to create a successful online business, just like this one. This is where my true passion lies and it is occupying most of my time. I truly hope to provide somebody with an opportunity and a significant head start on running an online business from anywhere in the world, escaping the 9-5 rat race, and financial freedom.
What's involved in running this business
Running this business currently consists of placing orders with suppliers, answering emails, and responding to live chat inquiries. In order to achieve the potential growth of this business, it would also require running email marketing campaigns, spending time to update the site with rich content, such as blog posts, becoming more active with social media, and uploading products when current suppliers send new products/new suppliers are obtained. Lastly, monitoring ad campaigns to ensure they are running properly.
Traffic and Performance
- Avg. revenue /month$55,144Verified
- Avg. sessions /month18,066Verified
- Avg. profit /month$13,164
- Profit Margin13%
- Avg. sales /month245
- Shopify plan
- Shopify Apps
- Google and Facebook
Physical inventoryNot Included
Logo and branding assetsAll logo and branding assets will be transferred using the most convenient method for the new owner.
Personal support after saleI will provide the new owner with introductions to all of the suppliers, a walk through of the store, Ad campaigns, transfer of all digital assets, as well as any training necessary to help ensure a smooth transfer of ownership. I will be available to help the new owner throughout the subsequent 2 weeks following the purchase. If there are any chargebacks or returns during the subsequent 2 week period, I will assist in resolving these issues, as well as make an introduction to our chargeback/fraud analysis software company representative. I am here to help and make sure that you have everything that you need to get the ball rolling right away!
Product photosAll product photos will be transferred using the most convenient method for the new owner.
SuppliersI will provide the new owner with a CSV that includes each other the suppliers, and their respective contact information. I will also provide introduction to all of the suppliers.
How to grow this business
*PLEASE NOTE* Revenue numbers are an average since the date of opening a Shopify account. There are 10 months of building factored in, 5 of which the store was not active, we did not have products, and were not fully operational. The store has been fully operational since January 1st, 2021. This store has yielded a 6-figure PROFIT since Jan. 1, 2021.
I will provide screenshots via private messages to seriously buyers to show proof of all analytics provided*
*YTD Avg. Monthly Rev.: $97,158.87 *YTD Avg. Monthly Visitors: 29,725 *YTD AOV: $445.42
Current Sept. Revenue through Sept. 13th: $81,538
While we have experienced significant growth since our launch, there is a still a significant amount of untapped potential. Our success has come without utilizing a number of vital factors. The reason for this is simply due to being short staffed and not enough time in the day.
The most impactful growth factor that would likely increase sales by 33% would be utilizing an email marketing campaign. We have a database with nearly 6,000 emails, but have not had the time to implement email marketing campaigns.
Another growth factor would be that while we currently have 45 suppliers, there is still an endless amount of suppliers that we have not had the time to contact. We have products waiting to be uploaded, but again, have not had the time to do so.
The store is beautifully designed, however, there are plenty of ways to increase the overall conversion of the website.
We have not utilized social media marketing or influencers much beyond Facebook remarketing. This is obviously an area for massive growth.
Our conversion rate is low, there is roughly 2% points that can be captured with some conversion rate optimization.
On top of all of that, this business has the potential to be nearly 100% automated.
I am a people person and I have built phenomenal relationships with all of my suppliers. A have suppliers that provide me with discounts due to our relationships, as well as provide me with priority placement for incoming inventory(they allow me to reserve inventory without paying upfront and still dropship all of our orders).
Skills to have
As far as skills and knowledge are concerned, I would be able to provide the new owner with introductions to all of our suppliers, teach them how to explore our ad campaigns, and the ins/outs of the store. That said, you really would not need many skills other than knowing how to use a computer.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.