- Avg. revenue /month$5,347
- Avg. sessions /month11,287
- Avg. profit /month$1,750
Why this business was started
I found this product via few sources, had few good videos that were going viral proven that this is a sure winner product. I decided that it can be a good potential to run some testing, lucky during this period many people need this product (staying at home due the epidemic) hence i managed to grow it relatively fast. Essentially I seen good potential and decided to give it a go.
The reason of selling this business
I have decided to sell this business due to the fact that one of my other stores is booming right now and I find it very hard to focus on this business. I prefer to scale and invest my resources on my other brand at this moment and while this shop has massive potential to further growth, I find it hard for me to do both at the same time.
What's involved in running this business
Running this shop requires you personally or using VA (virtual assistant) to: reply to all customer inquiries, fulfil orders (can be done via agent or fulfillment services), communicating with suppliers, running ads on facebook and google network, creating new content for ads (videos, pictures etc).
At the moment i spend about 2-4 hours a day mainly managing ads and making sure all business is running (monitoring the fulfillment, monitoring VA for customer support).
In order to scale this business it will require more hours and focus, hence the reason for putting this store for sale.
Traffic and Performance
- Avg. revenue /month$5,347Verified
- Avg. sessions /month11,287Verified
- Avg. profit /month$1,750
- Profit Margin18%
- Avg. sales /month1,000
- Shopify plan
- facebook and google
- processing fees
Physical inventoryNot Included
Logo and branding assetsdrop box or email
Personal support after saleafter sale support is included via skype or zoom. I will provide help of 2 weeks to have smooth transition, i can assist with getting supplier to fulfil order, finding a VA to assist with customer service and managing ads. I will also provide plan for scaling the store higher by request.
Product photosdrop box or email
Mailing ListNot Included
How to grow this business
As mentioned I choose to to scale this shop further due to other business that is going much stronger. To grow and sale this shop further would white labeling the product (packaging), building inventory in USA warehouse to fulfil orders, adding additional related products to increase the Order Value. Secondly I would utilize the power of facebook CBO campaigns with LLAs campaigns as I just started basic LLA there is massive space to do more LLA such as: purchases, initiate checkout, add to cart, viewed content. I only did various video views LLA so far. This will require higher budget and investing in high budget CBOs ($200-$500) per campaign. Also adding more budget to google ppc, shopping and youtube ads.
Skills to have
New owner needs to understand facebook ads and how to run them, some experience with google and youtube ads (PPC, retargeting, shopping etc.). These are not complicated to learn but having experience will help you scale it faster. Also providing customer service, copywriting are good skills to have but can also be outsourced.
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.