- Avg. revenue /month$35,074
- Avg. sessions /month31,921
- Avg. profit /month$25,000
Why this business was started
I started this online business to get a taste of starting and scaling a business right from my laptop. I greatly value a freedom-focused lifestyle, where I can work when and where I want. I enjoy being involved in something where I have direct impact on the company through every decision that I make.
I've recently moved into branding/consulting so I have much less time to bring this store to its fullest potential. I'm letting this store go at an AMAZING VALUE (see attached image of Shopify's valuation of my store $400k+, based on its history).
Would love for the next owner to be able to dedicate more time than I am currently able to take this store to the next level, using the framework that I have already established.
The reason of selling this business
Successfully scaling this business opened my eyes to my true passions, which I have recently decided to pursue. With this being the case, I have had increasingly less time to devote to this business, so I have decided to pass it on to a new owner.
Looking for a fast sale. In June we have done over $200k in revenue with still half the month left to go.
This business has a TON of potential and with some good marketing and strategy the sky is the limit. All of the front-loaded work has already been done. Customers love the product, systems are built out, and the margins on the product are great. You only need a 1.7 ROAS (Return on Adspend) to break even with this product. That is AMAZING in the realm of ecommerce where most gurus preach ROAS of 2-3 to be profitable.
What's involved in running this business
The operations of this store are 90% AUTOMATED!
Automations in place:
FULFILLMENT (will be transferred to new store owner. Ignore glitch in listing saying supplier is not included) We have a strong relationship with our private supplier, who can source goods for much cheaper, has better quality control, complementary United States warehouses, and noticeably better SHIPPING TIMES compared to your traditional big-box suppliers from China. We have an exclusive deal with our supplier for them to automatically fulfill orders and update tracking information as orders come in. This connection will be transferred to the buyer. I will introduce you to this supplier and explain to you the process of procuring products from him as well as paying him for said products.
CUSTOMER SUPPORT: We have a team of customer support reps who handle everything from emails, comments on Facebook pages/posts, Facebook messages to store pages, refund requests, dealing with cases related to supplier, etc.. Assistants are paid via Paypal monthly. Support team will continue working at buyers discretion.
ADS: You will be shown the most up to date advertising strategies that have provided us with the best ROAS (return on ad spend). These are strategies devised from countless testing with spends of up to $5000 USD daily at scale.
PRODUCT RESEARCH: You will also be shown the product research strategies that have given us the best hit rate % when it comes to product testing. Waste less money testing products and use that money to scale the products that have a much higher chance to sell!
The only thing you will need to handle is sending the payments to the suppliers when needed. The payment to the support team is done via Paypal monthly.
Traffic and Performance
- Avg. revenue /month$35,074Verified
- Avg. sessions /month31,921Verified
- Avg. profit /month$25,000
- Profit Margin20%
- Avg. sales /month4,000
- Shopify plan
- Facebook ads
- Shopify apps
Physical inventoryNot Included
Logo and branding assetsAll logos and branding assets that belong to the store will be transferred with sale.
Personal support after saleI will provide two weeks of personal support after sale and will answer any questions you may have about running and growing the store, and would be glad to hop on calls as necessary. All my systems, teams, trade secrets, etc will be transferred.
Product photosAll product photos on site are for you to use. If you would like to test more products, you can typically find the product photos from the supplier as well as online through a quick search.
Social mediaTotal followers1,000subscribers
How to grow this business
AMAZING GROWTH OPPORTUNITY: Winning product is in a broad niche
So far, our main market has been the US simply for the high buying power of the country. This product and it's complementary products have HUGE potential worldwide.
Bringing on additional team members to take even more of the back-end work off your shoulders while you focus on the main money-making aspects of the business.
This is the perfect product to transition over to private labeling, which the supplier I will refer you to has the capability of doing. With a private labeled product, you will enjoy higher conversion rates, higher returning customer rates, and increased brand identity overall.
Skills to have
Marketing or general business knowledge is always helpful to have, but anything can be learned, and the specific methods and strategies we use will be covered during the provided on-boarding sessions.
Taking full advantage of our vast customer list (15,000+ subscribers) to generate more FREE revenue for the store. We have not had the opportunity to pursue email marketing much so there is huge potential here.
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.