- Avg. revenue /month$24,955
- Avg. sessions /month30,495
- Avg. profit /month$5,000
Why this business was started
We were looking to take a small store to the next level of operations to generate some part time income. We settled on starting with a drop-shipping business due to the low barriers of entry and had plans to start a brand, complete with manufacturing our own products and expanding sales channels. If done well, it could become a full time venture for us. We evaluated several businesses with different models. Ultimately, we settled on Gearzii due to its high cash flow, time in the market and the start to effective branding, beginning with the name.
The reason of selling this business
We have run the business for several months and in that time have given the store a new look and logo (branding), focused the products (branding), expanded the Facebook following (audience), engaged in email marketing (branding) and expanded marketing channels. Also during that time, we have had family and career changes that simply require more of our focus than anticipated. So it simply came down to prioritization. We believe in Gearzii and it's great potential in the outdoor sporting goods space. For us it is simple, our focus needs to be put into higher priority efforts.
What's involved in running this business
Daily: Fulfilling orders (2- 20 per day); customer service (4-7 emails or phone calls) Weekly: Advertising review (is the return on advertising meeting goals?) and adjustment Monthly: Product review - add new trending products and eliminate those that have not sold or are out of season. Adjust products seasonally (winter vs summer)
Traffic and Performance
- Avg. revenue /month$24,955Verified
- Avg. sessions /month30,495Verified
- Avg. profit /month$5,000
- Profit Margin42%
- Avg. sales /month100
- Shopify plan
- Various Shopify apps
- Facebook, Google
- Email, Office 365
Physical inventoryNot Included
Logo and branding assetsLogos, icons, headers, etc. Electronic files in different formats and color schemes
Personal support after sale30 days support to get you up and running
Product photosall product photos in the store
How to grow this business
- Expand advertising channels. We started with Google. Other opps are text links, pinterest, multiple social channels, online markets
- Website Blog - engage the current base better with articles, how-to's, etc. We have a writer that is knowledgeable and willing (and affordable)
- Expand sales channels (etsy, amazon, ebay, etc)
- Gearzii branded products - several manufacturers (US and China) available to use the base of the dropship products to make Gearzii branded products for sale via the Gearzii channels as well as other mass channels (ali express, other dropshipping houses, etc)
Skills to have
Most important skills are marketing and the ability to search for best product sources. Be comfortable communicating on the phone and via email. Customer service is critical - you and the customer want the same outcome.
Included in the sale: Domain, website (shopify account), FB page, FB ads account, Instagram, Twitter, 60,000 FB followers, 36,000 subscriber email list, Paypal account, google adwords, google account, company email addresses, phone line, dropify account, shopfiy apps and 30 days support to get you up and running.
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.