All prices in USD
$2,000
  • Avg. revenue /month
    $558
  • Avg. sessions /month4,451
  • Avg. profit /month
    $417

Business Story

Why this business was started

I purchased this business because of the visible link between the message of the faith ring and my personal beliefs.

The reason of selling this business

I do not have the time available to continue investing in and growing the business.

What's involved in running this business

In order to continue to make sales, it is important to spend a significant amount of effort in marketing (organic and/or paid).
Inventory can either be pre-purchased and held for on demand manual shipping in order to expedite delivery or it is possible to use dropshipping, which would minimize the need for any manual shipping.

This business was founded: over 1 year ago
Time to run this business: approximately 2 hours per week

Traffic and Performance

  • Avg. revenue /month
    $558
    Verified
  • Avg. sessions /month4,451Verified
  • Avg. profit /month
    $417
  • Profit Margin71%
  • Avg. sales /month20
Other details about profit: All sales are made through shopify. Profit margins include materials and dropshipping costs.
Total revenue
  • $11,166
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 89,027Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $14
      /year
    • social media
      $285
      /month
    • shipping
      $80
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Logo and branding is already on the site, but additional assets can be transferred by dropbox.
    • Personal support after sale

      I am willing to provide personal support and training after the sale for up to 30 days.
    • Domain

    • Product photos

      Product photos are already on the site, but additional assets can be transferred by dropbox.
    • Social media

      Total followers657subscribers
    • Suppliers

      I will connect the new owner with existing suppliers, methods used for shipping both direct and drop shipping.
    • Mailing List

      945subscribers

    Seller‘s Advice

    How to grow this business

    This product has tremendous potential for someone with an eye for marketing. In order to grow the business over the next 5 years I would increase Ad spend and create new marketing strategies on facebook / instagram / tik tok and other social media platforms. I would also work to create organic growth in social media in order to further grow the community. Email marketing strategies and SEO could also be used to further increase site traffic.

    Skills to have

    A new owner should have knowledge of marketing and especially social media marketing. Facebook and Instagram specifically have been the most profitable in the past performance of the store.

    Share

    BG
    Brian G.Current store owner
    I have been in ministry most of my life. I was excited to be involved in myfaithring because of the link between business and ministry. Immediately after purchasing the business in early June 2021 I ran into challenges which made it impossible to dedicate the time needed to market the business properly. Therefore, since that time, the business has became dormant. I have realized it's time for me to let it go and let someone else take this business to let it grow and flourish.

    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.