- Avg. revenue /month$7,766
- Avg. sessions /month13,631
- Avg. profit /month$3,000
Why this business was started
This business was started in July of 2020, months after the pandemic shutdown jobs globally. I started this business knowing home and kitchen products were going to be sought after. I added a different style to kitchenware as I wanted to target a more niche audience and connect with them. As the stores ads quickly got to many customers worldwide, the orders and following began to come fast. I started with a low number of products as I wanted to focus on putting out a simple and high quality collection. Home and kitchenware products have many pros when selling. It does not need to have a correct size for a customer, you do not need to worry about electronics not working, there is a large variety of product options for buyers to choose from, they have a high market value, and they solve a problem. This store has a lot of potential and will only continue to grow.
The reason of selling this business
Due to my business partner and I having a conflict of interest and priorities, we have decided to put this store for sale. With the amount of time and money being spent in other projects that we are involved in, we realized that this business had the potential to hit large numbers and did not want to see it go to waste. After a long discussion we have decided it would be in our best interest to put up the business for sale in hopes to see someone focus 100% of their time into expanding what we have already created. With the store being built and converting, the workload that requires the most involvement would be expanding the stores products and collections, while running and expanding into other forms of advertising and marketing. The business currently has a flow, as we a customer support assistant managing all emails and messages, while communicating with the fulfillment team.
What's involved in running this business
For the new Owner to continue to build and expand this business they will need to spend most of their time creating different forms of marketing and connections, while continuing to grow the stores product options and collections. I have built a flow that allows for easy work management. The fulfillment team manages all orders, supplying the customer with a tracking number and shipping the order. There are no set fees or costs that come with the fulfillment team. The only payments required are for the cost and shipping of orders that is shown in a detailed invoice. The Customer Support Assistant manages all emails and forms of social media messaging, as well as communicating with the fulfillment team to manage any questions or concerns about orders. The Customer Support Assistant has an hourly wage of $5 usd and as stated in the Employee Cost section, the average cost per month is $150 usd. This gives the Owner time to thoroughly focus on the most important aspects of the business marketing, store research, and financial analytics.
Traffic and Performance
- Avg. revenue /month$7,766Verified
- Avg. sessions /month13,631Verified
- Avg. profit /month$3,000
- Profit Margin28%
- Avg. sales /month135
- Shopify plan
- Email Marketing
Physical inventoryNot Included
Logo and branding assetsAll store front and branding images, social media images, highly converting and detailed advertising graphics. All will be transferred via email or via buyers request. Abandonment Cart and email flows created, with Pro Annual Plan prepaid for 1 year (ends July, 2021). Domain will be transferred via GoDaddy. The current estimated value of the domain, appraised by GoDaddy Domain Appraisals is worth $1,139. A customized theme built for fast optimization and load speeds, with highly customizable built in theme settings. All will be transferred via email or via buyers request.
Personal support after saleI will be at buyers service for the following month after ownership is transferred. I will help in any areas where the Owner needs advice and direction in image and graphic creation, advertising, fulfillment from supplier, customer service, store setup, and more.
Product photosAll product and customer images will be transferred via email or via buyers request.
SuppliersI have a private supplier/fulfillment team that is at your disposal. This team offers the best prices on the market, fast and reliable shipping using the best quality services that allow for delivery to almost all countries in the world. They have easy communication through Skype and are paid via PayPal. Their job description includes; holds inventory upon request, will ship and fulfill order details in Shopify using the Dianxiaomi app as they are purchased. There is no set wage and payments are made weekly as they fulfill the orders. All costs are shown in a spreadsheet, showing details of the customer, cost of products and shipping. All product details are listed within Shopify Products section, as well as in the shared data the new Owner will be sent. I am willing to set up an agreement in order to allow the new owner to continue using this private supplier/fulfillment team.
How to grow this business
The store is a highly converted and branded store. As the social media presence grows over 10,000 engaged followers on instagram and obtains a high percentage of all organic traffic and conversions we get to the store, I would continue to build this platform and connect with influencers and promoters. I have had many high level verified influencers reach out to our accounts via email or social media in hopes to create a collaboration. With the lack of time spent in that aspect, I would focus greatly on building organic growth through other accounts that have the same presence as this brand. I would continue to use and grow the revenue using facebook and/or google ads bring high level traffic and engagement to the store. As we approach holiday season there is no better time to promote and obtain a high amount of sales.
Skills to have
I would recommend the new owner have an understanding of all categories in Shopify. Including analytics, marketing apps, product setups, and order details. A key to our success has been through Facebook ads, this is highly recommended for the owner to have an understanding and knowledge. Social Media navigation and creativity. Lastly customer service and team communication.
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.