All prices in USD

Private listing #822047

URL Hidden
$169,000
  • Avg. revenue /month
    $26,510
  • Avg. sessions /month47,579
  • Avg. profit /month
    $8,633

Business Story

Why this business was started

I decided to start this business because I realized that this product had a demand that needed to be filled. Aside from the initial demand, I also realized that a lot of our customers actually have never seen the product before and decided to buy it from our advertisement. Obviously, with a high demand and an almost untapped product this equates to a lot of money being made.

The reason of selling this business

I have decided to sell this business because I am currently running another Shopify store that needs my attention since I have decided to brand my other store fully. This requires a lot of my time and with the addition of school is a lot to handle. In addition, I feel like my lack of attention to this store is a shame since I know that with the right owner this store can takeoff even more than it already has.

What's involved in running this business

For this store, I have a direct connection to the factory that produces the product which I will connect the new owner to after the sale has been made. The factory has an ERP system that automatically fulfill orders for me so the only thing required for order fulfillment is to send the factory owners batches of orders, which they will then calculate the price on an excel sheet in which you will then send the payment over to them. Once the payment had been received, they will fulfill the orders very quickly.

In terms of marketing, I handle all the marketing on my own mainly through FB and IG ads, with the bulk of traffic coming from IG. So, general knowledge of running online advertisements is recommended. (Or you can hire somebody to do your marketing)

Customer service is a huge part of online business, I hire virtual assistants from Upwork to handle my customer service, and will gladly show the new owner how I hire my virtual assistants and provide the scripts that I have been using for them too.

This business was founded: 11 months ago
Time to run this business: approximately 3 hours per week

Traffic and Performance

  • Avg. revenue /month
    $26,510
    Verified
  • Avg. sessions /month47,579Verified
  • Avg. profit /month
    $8,633
  • Profit Margin30%
  • Avg. sales /month651
Other details about profit: This is the net profit without including sales tax. Averaged over the lifespan of the store. Keep in mind that I have not ran ads to this store since May 1, 2020 so the last 3 months of revenue has been all organic. If we were running ads the average profit per month would definitely be larger.
Total revenue
  • $265,095
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 475,797Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Employees
      $100
      /month
    • Domain
      $14
      /year
    • Loox Reviews App
      $9
      /month
    • Facebook & IG
      $15,000
      /month
    • Average transactions fees
      $500
      /month

    Sale Includes

    • Physical inventory

      Not Included

    • Logo and branding assets

      I will send an email with the Logo that is currently being used attached.

    • Personal support after sale

      I will provide help for 5 days after the purchase of the store. I can go over how I run the store and most importantly introduce the new owner to the factory that produces the product.

    • Domain

    • Product photos

      Product photos will be included. In addition, the factory that we work with is always glad to take high definition photos for the owner.

    • Social media

    • Suppliers

      We work directly with the factory that produces this product. They are always willing to take new product photos and help out in any way. In addition, if you want to do custom packaging and adding a logo to the product they can do that too. Quick Story: nearing the end of 2019, I was scaling this store very hard and the factory was running low on product. They needed to order raw material to make the product and needed to spend 45K on raw materials. I told him I am not sure if I could sell all the product and didn't want him to make a bad investment. He responded saying I will take the risk for you because I trust that you can. Long story short, I was able to sell way more than I thought and he thought. This is how relationships with suppliers should be when doing business.

    • Mailing List

      5,840subscribers

    Seller‘s Advice

    How to grow this business

    Over the next 5 years I would grow this store even more by branding the product and growing the social media following. We currently have 10K followers on Instagram, which is good but can be grown way more if the correct strategies are implemented. We are in a growing industry and this product has barely scratched the surface of its true potential.

    Skills to have

    Just like any Ecommerce store, basic knowledge of how to run an online business is required. These skills include social media management, social media marketing, order fulfillment, and customer service.

    Share

    Tags

    Similar Businesses

    Sold businesses

    Our features for a secure experience

    Exchange Trust

    • Verified revenue and traffic
    • Secure messaging platform
    • Escrow payment system
    • Dedicated migration team
    Learn more

    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.