- Avg. revenue /month$9,327
- Avg. sessions /month11,008
- Avg. profit /month$7,000
Why this business was started
I have always been passionate about street wear and marketing whilst my friend has been passionate about programming. So we joined together with a vision to change the way people look at street wear fashion. We grew fast and our customer base got bigger every day thanks to the rising global excitement of street wear clothing. We have gained more than 5000 satisfied customers within the first few months of existence thanks to our network of reliable suppliers with low return and fast shipping rates.
The reason of selling this business
Alongside Hype Fashion, we have been working on a start up which is now taking so much of our time that we are no longer able to keep this store running and utilising its full potential. Last few months we have been focusing on our start up more, i.e. the decline in the numbers. However, since we are really passionate about streetwear and fashion and have put a lot of effort into growing this brand, we would like to find it a new genuinely keen owner who would continue expanding it. The price is negotiable for the suitable person, please send your offer. BONUS: 70$ worth of SMSBump credit.
What's involved in running this business
We have been generating revenue by selling trending street wear products, multiple of which has proven to be five figure winners. For advertising, we have been using a big network of established Instagram influencers and our own Instagram audience (41k+). There is lots of space for growth for the new owner though who can also tap into Facebook, Google and Pinterest Advertising.
Since we use the dropshipping model, there is no upfront inventory cost involved for the new owner. Thanks to our great influencer relationships, we enjoy discounted promotion rates on many Instagram accounts so the advertising expenses are reduced considerably.
Our store has been developed, A/B tested and optimised for conversions and profitability. We have also found several winning products the potential of which is still yet to be fully taken advantage of. Our profit margins range from 35 to 40%. Our store has consistently been ranking on the first Google pages for our main keywords resulting in extra free brand awareness, traffic and revenue.
Overall, the store is ready to be advertised immediately and does not require any extensive work. The following tasks that need to be done take on average 15 hours per week, i.e. 3 hours per working day.
Day to day tasks include 1) Marketing (setting up & scheduling ads of existing products) 2) Analytics (monitoring ads)
Occasional tasks include 1) Product research (we already have a huge array of products with potential which haven't been advertised yet, but are ready to be tested) & product copy writing
Other tasks may include 1) Customer service & Order fulfilment (depends on if you want to outsource this)
Traffic and Performance
- Avg. revenue /month$9,327Verified
- Avg. sessions /month11,008Verified
- Avg. profit /month$7,000
- Profit Margin40%
- Avg. sales /month900
- Shopify plan
- Paid apps
- Fullfilment cost
Physical inventoryNot Included
Logo and branding assetsStore & brand graphics (images, logo, etc.), Branding guidelines for consistency (colour codes, fonts, etc.). Transferred via email.
Personal support after saleI really want to make sure this store goes into the right person/team who will continue expanding & growing it. Hence, I will gather together a handover guide explaining how we made this store a success from A to Z, including long term strategies and practical quick win tips. I will also provide our Instagram influencer network as well as our most trusted suppliers list. I will keep in touch with the new owner and answer any questions & queries they may have within the first two months of purchase.
Product photosNot Included
How to grow this business
By utilising and improving the following on our winning and semi winning products:
- Email marketing - improve existing flows (inc. abandoned cart flow), create new campaigns & newsletters
- SMS marketing - improve existing flows (inc. abandoned cart flow), create new campaigns & newsletters
- Facebook - We do have extensive pixel data but never actually used it. Re-targeting, LLAs, Scaling.
- Instagram - Scaling on bigger accounts.
- Improving customer service.
- Using Google ads.
- Using Pinterest - we have an account with impressive engagement but never really tapped into Pinterest marketing.
We also have a huge array of products with potential which haven't been advertised yet but are fully ready to be tested.
Skills to have
- fluent written English (to be able to write decently engaging content - product copy, ad copy, email/sms marketing campaigns, customer service)
- marketing experience (to be able to run engaging ads) & understanding of social media platforms (Facebook, Instagram)
- basic business management skills (to be able to manage a customer service VA - if you decide to hire one, to be able to manage your own time and prioritise tasks that need to be done)
- understanding of the dropshipping model
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.