- Avg. revenue /month$39,926
- Avg. sessions /month45,434
- Avg. profit /month$11,586
Why this business was started
I used to work in a grocery store and I was tired of the lack of freedom. I was always interested in entrepreneurship and when I learned about e-commerce I decided to give it a shot. There is nothing better than working on your own schedule and on something you have full control of. It is definitely not ‘easy’ work, but once the systems are set in place (as they are now) most of the work is maintenance.
The reason of selling this business
I am currently involved with another e-commerce brand as well as a small startup. Although this business is pretty hands off to maintain, it still obviously takes time to manage. I am selling this to free up a little more time and focus on other projects.
What's involved in running this business
Advertising (1-3hr per week)- Currently all advertising is done through the Facebook ads platforms (ads are shown on Facebook and Instagram). The time spent on advertising will be to ensure current ads are performing profitably as well as creating new ads in order to scale the stores revenue. I will help the buyer for FREE for the first week and help answer any advertising related questions you might have!
Customer Service (5 mins per day)- All of the customer service is handled by an excellent customer service VA through Zendesk. Skype group chats are set up between the VA and fulfillment company where they can ask the supplier their questions. Occasionally there are some questions regarding customer queries that the VA may ask you but they typically only take a few minutes to answer.
If new avenues for scaling this business want to be explored (which I strongly recommend) such as the content included in the “5 year growth plan” many more hours will be required to be invested into this business. Although it may be tedious, I believe that with an additional time investment as well as the suggested changes you will continue to see positive results.
Traffic and Performance
- Avg. revenue /month$39,926Verified
- Avg. sessions /month45,434Verified
- Avg. profit /month$11,586
- Profit Margin20%
- Avg. sales /month707
- Shopify plan
- Cross sells, currency converter, email marketing, etc.
Physical inventoryNot Included
Logo and branding assetsAll logos will be transferred through your desired transfer method.
Personal support after saleSupport will be provided through facebook messenger for up to a week after the store is purchased. I can help answer questions you have about the business (including advertising, operations, etc.) as well as connect you with our fulfillment company contacts and our customer service VA.
Product photosAll photos will be transferred through your desired transfer method.
How to grow this business
This business has massive growth potential. If an individual with the necessary skill set (and sufficient time to invest) takes over this business, the monthly profit this store generates can increase significantly. Below are some suggestions that can be applied to increase the stores earnings by ten fold:
• New products! Currently only one main product has been heavily marketed for this store. There are several other products that can be marketed to this group of people. If you purchase this store I can suggest some products that can be explored that I personally know have generated someone over five hundred thousand dollars in revenue per month. This was during Q4 so it is perfect timing.
• Cross sells! Not many different crossells have been tested on this store. I can suggest several cross sells that when set up can increase the average order value significantly.
• Test new ad platforms! This store has only marketed with Facebook ads. Many new ‘untapped’ advertising platforms can be tested such as instagram influencers as well as twitter, snapchat, and google ads.
• Email list! This store has been a solid customer base of over 2500 customers. These customers can be remarket new products to.
Skills to have
Facebook Marketing- How to advertise and scale. For the first week, I will provide free advice on WHAT TO SELL and HOW TO SCALE PROFITABLY.
Video Ads- INCLUDED ready to use 3k VALUE! Over three thousand dollars have been invested in custom video assets created by a company called EcomVids. This includes a custom video for cold traffic, a retargeting video for warm traffic, a video for story placements, three customer review videos, as well as several custom thumbnails.
Email Marketing- INCLUDED ready to use 10k+ VALUE! These templates are included with the business and allows the business to recover sales from visitors that don't convert by sending high converting emails to them.
SMS Marketing- INCLUDED ready to use 5k+ VALUE! If a visitor leaves the website, we have built systems to engage them into coming back and purchasing! SMS marketing provides 1000 to 3000% ROI and we already have the templates built and that have converted customers in the past.
Supplier/Order Fulfillment- INCLUDED. After many trials and errors, we have found a GREAT reputable fulfillment company who boxes up all the packages and covers damages and missing items! They ship orders quickly with their private shipping line that arrives within 5-20 days (much faster than epacket). This allows you to MAINTAIN YOUR PROFITS and reduce chargebacks! All orders are fulfilled automatically through the fulfillment companies custom software and does not require manual fulfillment.
Customer Service- INCLUDED. We have been working with a very diligent customer support virtual assistant from the Philippines to handle the store email inquiries. All emails are handled in a timely manner for minimal cost. The contact information and working contract can also be transferred if you are interested.
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.