- Avg. revenue /month$8,163
- Avg. sessions /month14,489
- Avg. profit /month$6,000
Why this business was started
I actually am passionate about this industry. I listen to this particular genre of music on an occasion basis. I thought starting a business with something I was familiar with was a good idea and it turns out it was one of the best business decisions I've made. I absolutely love providing our customers with high quality merchandise and seeing there happy reviews on our platform as well as social media.
The reason of selling this business
I'm actually acquiring a business with my business partner soon and need to focus on this project for Q4 and beyond. I also need some initial capital to invest so having this business acquired is a good idea.
What's involved in running this business
Your job as this business owner includes multiple things. The first is to oversee our staff who should work on a near daily basis. We have 4 (sometimes 5 if needed) active VAs working around the clock on different aspects on the business. All tasks are assigned using Asana and you should be able to monitor there progress here along with the applications they use. The second is to monitor trends. New product drops and concerts are mirco and marco trends within this industry and should be capitalized ASAP. This also means that near daily contact with our supplier is essential for keeping up or producing new products (if not already given). The third piece is to form business relationships and affiliate partnerships. As mentioned, this industry has many social media distribution channels to gain massive awareness and a huge social media following. Forming affiliate partnerships with some of these channels are the quickest and some of the easiest ways to generate revenue.
Traffic and Performance
- Avg. revenue /month$8,163Verified
- Avg. sessions /month14,489Verified
- Avg. profit /month$6,000
- Profit Margin20%
- Avg. sales /month800
- Shopify plan
- Email Marketing, User Experience Optimizers, Social Media Automation Tools
- Facebook, Google
Physical inventoryNot Included
Logo and branding assetsEverything including graphics for logo and social media campaigns will be transferred to you on our Canva account.
Personal support after saleSupport will be provided for up to 6 months post purchase for any questions pertaining to the store, supplier, or industry. Training on how to use all software will be included.
Product photosAll products come included in the store. All product photos for future products will be given through our software in conjunction with our supplier.
How to grow this business
Business owners will be pleased to know that there are many social media distribution channels for this particular niche. This niche is primarily targeted to the younger generation who are EXTREMELY loyal to this particular music industry.
There are dedicated instagram pages to these niches ranging from 100,000 of upwards into 6 millions whose shoutouts are cheap (<20). There are Youtube Channels with 1000 or more than 1,000,000 followers in this niche who are happy to form business relations with you. We've also automated weekly email campaigns (6 emails per week) and have a list of over 13,000 subscribers which is growing at a rapid pace. The best route would be to invest in social media channels to generate followers or awareness and acquire emails through lead generation for email marketing purposes. PASSIVE (If you're looking for that type)
If you are looking for a passive form of income than this business could be the one for you. This business could easily generate 5000+ month (no testing new ads) while spending less than <5 hours a week. All ad targeting is automated, social media posting and email marketing are automated, as well as customer service. Though I don't recommend doing this because this business has huge scaling potential, the possibility is still there if you're looking for that type.
Skills to have
This owner should be willing to learn about this industry. This niche requires you to keep up to date with various artists and new product drops so keeping in touch with our manufacture in China is key for domination and consistency within this industry. This person should have a solid understanding of Google and Facebook Ads as well as knowledge in SEO. Mostly all skills needed to run and grow the business will be taught during transfer of ownership.
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.