- Avg. revenue /month$24,467
- Avg. sessions /month51,591
- Avg. profit /month$3,180
Why this business was started
I came across, this one product, this was one of the best products I had ever seen it terms of perceived value and actual usefulness on a daily basis, therefore after researching any competitors, there weren't any, I knew this could be a million dollar brand. I tested the item after setting up a custom website branded around this product. It was a success from day one. Then I started adding a selection of similar items within the Niche to advertise and upsell/down sell in the funnel. Throughout the past few months we have really focused on customer experience and building a real brand.
The reason of selling this business
I have decided to sell this business, as I do not have the time to concentrate on this brand while I'm going into my third year of University, I'd like to pass the flame to someone who respects and has the same vision for this brand, to take it to the next level with revenue and become a major player in the home lighting and TV electronics sector, stated below the Govee. Therefore, despite this Private Labelled brand being successful with plenty of room to grow, I'd like to sell to sell so I can finish my University degree succesfully.
What's involved in running this business
This brand and business is set up in a way that it is very automated, the ordering fulfilment are done automatically on a daily basis and dispatched daily. The processes involved in running this brand, is advertising, we advertise on Tiktok and Facebook, using a lot of UGC videos and short clips showing the Product. Meaning the only real work in this business is running advertising campaigns and answering emails.
Traffic and Performance
- Avg. revenue /month$24,467Verified
- Avg. sessions /month51,591Verified
- Avg. profit /month$3,180
- Profit Margin13%
- Avg. sales /month800
- Shopify plan
- All Paid Apps
Physical inventoryNot Included
Logo and branding assetsAll content will be transferred using a google drive where everything in regards to this brand will be included.
Personal support after saleI can provide support on up to 2 months after sale to smooth the transition process and make sure your all settled.
Product photosAs stated above all content for this brand will be on a Google drive which comes with the sale.
SuppliersI will put you In contact with our Supplier and Fulfilment agency, which will contact you with details on everything.
How to grow this business
For next year I would prioritise, Increasing revenues to a stable level (100k a month) which is easily attainable with ROAS on this store, furthermore, the brand and product is where the real value lies, as this really is a "wow" product and the brand just compliments it. We found major success on this Brand using Tiktok, as its very suited for the quick videos, moreover, it was successful and stable on Facebook also.
The next step I would take with this brand and product is developing the brand into a real technology company based on lighting, as this brand niches in lighting and electronic products, I would develop the brand and an App which could control all the products bought. A similar example of what this brand could become with right leadership and funding is Govee, they started like this brand and developed an App and is now selling in most Electronic stores around the world.
Skills to have
As the website and systems are already in place not much skills is necessary, I have optimised the landing pages of the store for the highest conversion rates, the only skills needed are the ones that you decide to use, I ran Tiktok and Facebook Advertisements for this website, however It can be easily moved on to an Agency, which can be done with email marketing also, with over 10,000 customers in our list.
Therefore, the store can be ran in the background of your life, with only weekly meetings necessary with agency's. However, if your a beginner this is the perfect option for you, everything is set up and working with over 50 proven advertising creatives, therefore you can carry on with the Advertisements and Email marketing if you'd prefer to learn.
The brand has a lot of organic traffic also as it has a high SEO, which often outranks major competitors like Philips and Govee, meaning that the new owner can optimise this process which will bring a considerable amount more free traffic, as we have not optimised SEO, it is only getting the ranking due to the clicks high keyword searches.
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.