- Avg. revenue /month$32,470
- Avg. sessions /month49,207
- Avg. profit /month$11,306
- Inventory value$10,000
Why this business was started
I decided to start the business because I had a passion for e-Commerce that I found at the age of 18. I had opened 3 stores before this, but this was my first legit business that did very well for it's first year. I felt this desire to just be able to produce numbers in a business.
The reason of selling this business
As of recently, I have been busy with my project at my internship and talking to other job recruiters from tech companies to branch out. I am also a full time student in college. This a business that requires the work of someone who has more time than I do.
I set this store up a year ago and I learned a lot in the process of getting it up in running. A product on my store has historically been very popular and has proven to be a high performing item, yet because of a lack of quality control there have been numerous complaints of the case falling apart within 3 or so months of usage. If I could remedy the issues with my supplier and continue to work with them through a reliable connection, setting up more extensive quality control to ensure that the cases are durable either through my current manufacturer or a new one would greatly increase customer satisfaction and sales. This is shown in how the largest impact that the supply and quality issues have had on the store has been on the Facebook ad score. Currently, the store's ad score is at a 1.9, and this score could be increased effectively if the issues I highlighted are mediated. Because of the higher cost of advertisement that Facebook imposes on businesses with ad scores below a 2, a lot of possible profit has been missed because of these issues with customer satisfaction. I have no doubt in the capability of this store to reach far higher numbers than those I have listed: I know this to be possible because of a brief period of time where we had a score of 2.4 and broke 104.2k sales in a month. It is critical good communication is maintained with my current manufacturing agent as he has assured me quality and price can keep increasing as you keep getting more inventory from a warehouse he (manufacturing agent) has very close ties with.
I have recently began working for a major technology company and have decided to put my best efforts towards developing my own career goals. I am also still a student in college, so I need to focus on finishing my studies strong so that I can be successful in my career in the coming years. I have also begun to look into app development and have decided to apply what I have been learning in school and attempt to create my own application for mobile devices.
I CAN PROVIDE YOU WITH SUPPLIER, LISTING HAS A BUG AND IT SAYS I WON'T PROVIDE THE SUPPLIER BUT I WILL.
What's involved in running this business
Customer service, dealing with customers concerns/questions via email.
Managing inventory (can honestly be automated if you find the right manufacturing agent)
Sending order files to warehouse so it can be fulfilled and you then upload tracking back to the store (Again, can honestly be automated if you find the right manufacturing agent)
Posting on Instagram and engaging with customers on their
Managing Facebook ads, creating new ones, killing off ones that are not performing, scaling ones that are working.
Traffic and Performance
- Avg. revenue /month$32,470Verified
- Avg. sessions /month49,207Verified
- Avg. profit /month$11,306
- Inventory value$10,000
- Profit Margin32%
- Avg. sales /month1,222
- Shopify plan
- Inventory warehouse
- Paid Apps
Logo and branding assetsPNG of logo, can be sent via email. I primarily used stock photos I found of the product from the manufacturer that worked well, I also have some myself I took.
Personal support after saleI can help for 2-3 weeks after the store is sold, I am willing to answer any type of questions. We can arrange calls via Skype. I can help with manufacturer questions, product questions, and get you connected to my current manufacturer to get things up and running. *I CAN PROVIDE YOU WITH SUPPLIER, LISTING HAS A BUG AND IT SAYS I WON'T PROVIDE THE SUPPLIER BUT I WILL.*
Product photosEmail/Text I have product pictures I took that I can provide.
How to grow this business
-Prioritize the improvement of the ad score.
Facebook gives you a score from 0-5 on your page which in return affects how your ads deliver. Anything below a 1, Facebook will ban your account. Having a score of 1-2 means your ads will still deliver but cost more since your account is considered 'Penalized'. Anything above a 2 Facebook is fond of and your ads will deliver optimally. The score on the page is currently at a 1.9. It is sitting at that score due to miscommunication with my manufacturing agent which caused a delay in order fulfillment efficiency which negatively impacted the ad account score. After this, I made sure to speak closely with my manufacturing agent to assure this does not happen again moving forward. I would suggest maintaining a close relationship with him in order to avoid any sort of miscommunication.
-Having Experience with Facebook ads
In 1 year I generated 424K in sales. The first 2-3 months were very slow in terms of growth because of lack of expertise considering this was my 1st a serious store. I have no doubt that should someone with good expertise and willing to attack the issues I mentioned above, can easily scale this store past 500k+ in a year and see very profitable returns. I have a product on my store that is very popular, an iPhone case to be specific. This product is loved by consumers as it is unique and gives the sense of luxury. I am first store to also sell this product, a lot of other imitators are not attempting to sell the same product and they steal a lot of ad copies which makes me know that this store is closely watched and has enviable results. These imitators have also negatively impacted the ad score, as I have been confused with lower quality stores selling the same product.
If these issues which are hard but not impossible to solve are fixed, then again I have no doubt that the higher level of quality and consumer trust within my store will be more than enough to differentiate from these imitators and allow this store to reach it's potential.
I know this to be true as I saw this pattern of greater customer service satisfaction due to my efforts to ensure a higher quality control and better shipping. It was only when the business grew too fast that the ad score took a hit since the order processing model had to be improved.
(Just to throw this in, the domain is currently valued right over $2000)
Skills to have
-Facebook Ads Know how to scale, retarget, test, and make lookalike audiences. Facebook ads are PIVOTAL to your sales, they will more than likely be responsible for engagement, brand recognition, and 80-85% of your sales.
-Google Ads: Some SEO has already been set up by me so that when the product is searched by its name that my store will come up at the very top. Google will be responsible for 1-15% of your sales. It is mostly automated for you so this will make your life easier.
-Email Marketing: I have an email list of 14-15k subscribers, I automated a lot of the things, I have a very profitable abandoned cart sequence that emails customers who never bought but had reached the checkout page. It is important to make catchy email sequences here and there to drive more sales.
-Ad Creatives There is an art to making attractive/high performing ads. A lot of that is on the texts of the ads. Do not be generic, be creative and charismatic with the words you use, makes a world of a difference trust me on that.
-IG Posts Post on IG, engage with customers, be funny and responsive.
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.