I started this business to make extra money aside from my job. For a while, I got hundreds of visits daily, plus a few items added to carts every day. I enjoy suits and the buyers for them will pay high prices. I even made social media for this store for advertising. I may make another someday when I have more time.
The only reason that I never actually made sales was lack of motivation. I stopped putting time and money into it in order to focus on my main job. This is a fantastic starter business with high profit margins and a great high paying audience. At one point I got 50-200 visits daily (1500-6000 monthly) if more effort is put into this, you could make thousands. I just need more time for my main job.
You need motivation to push you to making this your priority. You need some time to give your customers more attention. Advertising comes out to 100-300 a month, but if done correctly could get you 1000-3000 in profits monthly. Social media is provided. You need to know your customers needs as well.
I would put more time into it and dedicate my focus towards better marketing strategies.
Basic e-commerce skills and marketing knowledge.
Why buy a business on Exchange
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.
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team