All prices in USD

Private listing #824322

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$120,000
  • Avg. revenue /month
    $42,588
  • Avg. sessions /month36,582
  • Avg. profit /month
    $7,550

Business Story

Why this business was started

This product caught our attention due to being exposed to video's on youtube and FaceBook. Since the start of the store, we saw the potential and grew it out to having an average monthly revenue of 40K+ USD, still to be continued or even grow to 100k a month. We really gained plenty of social proof through customer reviews on social media and having a 5/5 post purchase feedback score on facebook. Which is above average and really emphasises the product quality and satisfaction of the customers.

The reason of selling this business

We are currently focussing on a new project that we would like to put more energy in. Therefore, we think that a new owner can blow new energy into the store and further expand its successes with private labelling!

What's involved in running this business

Multiple business activities are involved such as 1. Running and keeping track of ads 2. Creative aspect of the ads and social media (creating ad videos and photo's) 3. Supplier contacts about fulfilling, payments and customer support 4. Customer service. We've ultimately outsourced a person to do this for us, can give you this contact as well. 5. Order tracking (can ask the supplier to send list of all orders with tracking number for a given period of time) 6. Branding (website, products, bulk purchases etc) 7. Keep Instagram/facebook account active with posts, videos, stories and encouraging customers to engage with your account such as triggering reviews etc. 8. E-mail marketing 9. All other aspects of running a business

This business was founded: over 1 year ago
Time to run this business: approximately 35 hours per week

Traffic and Performance

  • Avg. revenue /month
    $42,588
    Verified
  • Avg. sessions /month36,582Verified
  • Avg. profit /month
    $7,550
  • Profit Margin20%
  • Avg. sales /month852
Other details about profit: For calculations we took the average of the ENTIRE store over the period February until October 2020. More recent months had higher volume and thus higher profits on monthly basis. Stopped ads during End of April /beginning of the month May due to COVID 19. These were precautious measurements to keep a high customer satisfaction.
Total revenue
  • $681,411
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 585,320Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Domain
      $10
      /year
    • Marketing apps
      $85
      /month
    • Facebook
      $10,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      You will receive our logo's and pictures we've taken ourselves for branding and marketing purposes! You'll receive this by wetransfer.
    • Personal support after sale

      Will guide the new owner through every detail of the store. From our social media, to the sales and supplier relationships. A few meetings in a timespan of one week should be enough. Though, if necessary we're up to give longer support (we'll talk about this). We can communicate through phone (whatsapp, wechat, facetime) and schedule calls with whatever program will be the most convenient to you. Skype, Zoom, or just simple phone call would be great!
    • Domain

    • Product photos

      We have a variety of photo's that could be used for marketing purposes. Made by ourselves with professional camera's. We will provide and send you these through wetransfer and some of the photo's are included in the website store database.
    • Social media

    • Suppliers

      Will give you the agent contacts in China, we personally prefer to have contact through WeChat and was also favoured by the supplier. The supplier works with an ERP system (fulfilment system) and is extremely convenient to work with. Daily payments for orders that have to be send out, and daily support for logistical problems. The supplier ships the orders with special lines to almost any logistically developed country. Open for resending orders that had been lost or damaged upon transit. In addition, the supplier offers customisation abilities such as product branding and packaging both in bulk. Can even consider moving stock to different countries if you have a potential fulfilment agency.
    • Mailing List

      16,000subscribers

    Seller‘s Advice

    How to grow this business

    First advice will be to start customising the products for a stronger, branded feeling. In addition, we'd advice the new owner to ship bulk to warehouses in either the USA (which accounts for most of our orders), or the EU to fasten the shipping speed to 1-3 working days. Another opportunity will come as bulk has been shipped to fulfilment centers, such as new selling channels for example Amazon or similar businesses. Creatively speaking there should be a brand ambassador or representative that can play the instrument very well, in order to have quick acces to new creatives for social media (e.g youtube, instagram) and of course for the advertisements. Another and final tip for now would be to increase the customer retention rate through consistent e-mail marketing and retargeting.

    Skills to have

    Would highly suggest that you have above average knowledge on running Facebook ads and having overal social media experience.

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