All prices in USD
  • Avg. revenue /month
    $28,550
  • Avg. sessions /month25,143
  • Avg. profit /month
    $11,255

Business Story

Why this business was started

I am entrepeneur who is running multiple different businesses. I love building brands and companies from scratch. I saw the huge potential in this product and so I decided to create and build a brand around it.

The reason of selling this business

I run multiple different business and I have recently decided to dedicate all my time and focus to my main and most loved business. Therefore I am selling this business.

What's involved in running this business

Our normal day-to-day operations are fulfilling new open orders, handle the customer service and running online advertising campaigns.

We have currently outsourced everything of the necessary work besides from running the advertising. Our order fulfillment as well as the customer service are handled by 2 different people we have hired on Upwork. So far our customer service is mainly via email (which is improvable) and fully handled by one of the persons we have hired online. Incoming orders are fulfilled very easily by exporting them into a spreadsheet and forwarding them to our trusted supplier, which will be included in the sale of this business. This is work is currently done by the other person we have hired on Upwork, who is in direct contact with our product and shipping supplier. I am personally running the active advertising campaigns on Facebook and Instagram. I am checking the results about once everyday and sometimes I do quick adjustments which takes up to 30 minutes per day. This work is also very easy to outsource, for example with hiring a professional advertising agency. They will most likely do a better job than me which might end up in even better business results.

This business was founded: about 2 years ago
Time to run this business: approximately 15 hours per week

Traffic and Performance

  • Avg. revenue /month
    $28,550
    Verified
  • Avg. sessions /month25,143Verified
  • Avg. profit /month
    $11,255
  • Profit Margin20%
  • Avg. sales /month321
Other details about profit: In the months of the year of 2021 we were averaging a profit of about $18,000 USD per month with an overall average profit margin of 20%. In those months we were averaging about 550 orders per month. All our sales are online via Shopify. We have recently invested a lot of money into advertising which has lowered the profit margin significantly. Without our advertising cost we have a profit margin of around 55-60%. Please note that it is still necessary to invest some money into advertising in order to maintain the level of monthly revenue.
Total revenue
  • $713,760
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 628,579Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Employees
      $750
      /month
    • Domain
      $10
      /year
    • Paid Shopify Apps
      $350
      /month
    • Paid Facebook + Instagram + Pinterest Advertising (this amount is not necessary)
      $35,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      You will receive the Logo in all forms and shapes (white, black, colored, as a color-changing GIF etc.) . You will also receive our branded QR code and Sticker which is on every package we ship out. Additionally we will send you the pdf of the adjusted logo which is required to engrave the logo on the lamp (already implemented with current supplier).
    • Personal support after sale

      For 1 month minimum me and my team will help you out with everything you need. After this time you can still always contact me if you have urgent or very important questions and I will always be happy to assist you.
    • Domain

    • Product photos

      We have made a professional photoshooting and have every picture individually edited by multiple Adobe Photoshop experts. You will receive all the pictures from the photoshoot, including edited pictures which are not public yet and about 400 unedited pictures which you can edit and use in the future. I can send them to you however you prefer it (Dropbox, Google Drive etc.)
    • Social media

      Total followers15,000subscribers
    • Suppliers

      We have build a very sustainable, trusted and reliable relationship to our supplier. We have priority shipping times and very cheap negotiated cost of goods. The supplier takes care of everything, including engraving the logo into our lamp and putting our logo and QR code on every package. We will make sure that you will get the exact same conditions and build the same relationship to our supplier as we have.
    • Mailing List

      4,100subscribers

    Seller‘s Advice

    How to grow this business

    Until now we have generated our entire revenue with only one lamp/product. If you implement more and more fitting lamps into the website you can create a very big lamp brand. You can build of the existing customers who are already interested in those type of products and already know the brand and use them as leverage for the growth of the brand.

    Skills to have

    You don't need to have any specific skills or knowledge from the start. The basics of the Shopify dashboard as well as the online advertising are very easy to learn within a short time. I will also be available for minimum 1 month to help you out with everything you need. The other necessary things (order fulfillment and customer service) can easily be outsourced.

    NL
    Noah L.Current store owner

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