- Avg. revenue /month$3,437
- Avg. sessions /month1,737
- Avg. profit /month$3,000
- Inventory value$60,000
Why this business was started
I have had a passion for jewelry and accessories for years. I found leather a few years ago and realized what an amazing material it was for jewelry. I started making earrings for myself and my friends, and quickly had requests to sell. What started out as a side hustle has quickly become a full time business with sales over $100,000 a year and rising.
The reason of selling this business
While this has become a huge passion of mine, I have a full time job that I also love and I’ve realized that this brand could be even bigger in the hands of someone who has more time to devote to it. I have a built in audience and loyal customers, as well as daily new customers who become repeat customers. I have prepared this business to explode in 2021 and beyond! During a pandemic, when many shops were closing, we expanded into wholesale and are currently averaging $16,000 in sales (most on wholesale, not on shopify- when purchasing this brand, all wholesale comes with it as well). If I had the time I would start monthly subscription boxes, launch our own wholesale website (has been requested by current wholesale customers on the wholesale platforms we sell on), jewelry displays, and other products lines- all things my customers are requesting but I don’t have the time to provide currently.
What's involved in running this business
Sourcing leather (I have established vendors as well as vendors to make custom leather), cutting (by machine) and assembling earrings, listing items and shipping orders. Run social media (Facebook and Instagram). Manage Shopify and Etsy pages, along with wholesale sites (new in 2020) on Faire, FashionGo and OrangeShine.
Traffic and Performance
- Avg. revenue /month$3,437Verified
- Avg. sessions /month1,737Verified
- Avg. profit /month$3,000
- Inventory value$60,000
- Profit Margin40%
- Avg. sales /month200
- Shopify plan
- Inventory warehouse
Logo and branding assetsVia email or whatever buyer prefers (Dropbox, google photos etc)
Personal support after saleI am happy to help provide assistance and would be willing to stay on as buyer or creative consultant for a fee. I will also answer any questions, provide details and assist in the transition
Product photosDropbox or google photos
How to grow this business
I would start a subscription box, which would be a constant steady revenue stream. I would add more exclusive designed leathers. I would sell more accessories, such as purses and other products for women. I have looked at making jewelry holders for the home and get asked a lot to sell them. In 2020 I have focused on wholesale off this website, and plan to open wholesale on Shopify in 2021. I would also look at starting to use brand reps, reach out to bloggers and influencers, currently I don’t utilize them. I also don’t use paid advertising on any social media or other channels so I would see what I could do to advertise. I would also get modeled shots of all products, as well as partner with clothing boutiques to gain more exposure.
Skills to have
Basic computer knowledge. I don’t have any design background and most designs I made myself, or with help from my graphic design sister. Someone with design experience not required.
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.