All prices in USD
Sold

Private listing #333647

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  • Avg. revenue /month
    $5,347
  • Avg. sessions /month11,287
  • Avg. profit /month
    $1,750

Business Story

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.

This business was founded: 7 months ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,347
    Verified
  • Avg. sessions /month11,287Verified
  • Avg. profit /month
    $1,750
  • Profit Margin18%
  • Avg. sales /month1,000
Other details about profit: in March 20 days we had $8.5K in sales spent $5K on ads (X1.6 ROAS). Cost of good and shipping for 500 orders $1000. other costs (processing fees, returns, VA) $500 $8500-$5000-$1500-$1000 = $1000 profit for 20 days in march 2020 In April 15 days we had $12K in sales spent $7K on ads (X1.7 ROAS). Cost of good and shipping for 750 orders $1500. other costs (processing fees, returns, VA) $1000 $12000-$7000-$1500-$1000 = $2500 profit for two weeks in april 2020. Life this shop so far made 20K in sales with $3500 profit (18%)
Total revenue
  • $26,735
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 56,437Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $14
      /year
    • apps
      $30
      /month
    • facebook and google
      $7,000
      /month
    • processing fees
      $200
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      drop box or email
    • Personal support after sale

      after 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.
    • Domain

    • Product photos

      drop box or email
    • Social media

    • Suppliers

      Not Included
    • Mailing List

      Not Included

    Seller‘s Advice

    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.

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