- Avg. revenue /month$132,852
- Avg. sessions /month75,798
- Avg. profit /month$1
Why this business was started
I started this business to build another income stream for myself with the goal of scaling it to sell and move onto my next venture. E-commerce and brand-building is a passion of mine, so seeing it start from nothing with only a $2,000 investment to generate over $3,000,000 in 2019 is truly extraordinary and shows the amount of continued growth this business can have in the right hands.
The reason of selling this business
I started this business with the goal of selling it in mind, and the time has now come where I am looking to cash out of this successful store and move onto my next big idea.
What's involved in running this business
The daily activities involved in running this business is mostly running Facebook Ads, which can be automated given their automated rules or a service, such as Reveal Bot to scale and kill your ads for you. Alternatively, the marketing can entirely be outsourced to another company and then this business would be entirely automated. I currently have 4 virtual assistants working as contract workers that I hired on UpWork for $4/hr wage workout around the clock to respond to customer comments, answer FB/IG messages, respond to emails, and help with processing order cancellations and refunds. They also place and pay for orders for me with my credit card information and contact suppliers on my behalf, so once this business started to pick up some momentum I managed to outsource all mundane tasks to allow the new store owner to basically use this as another free income stream given the proper marketing plan.
Traffic and Performance
- Avg. revenue /month$132,852Verified
- Avg. sessions /month75,798Verified
- Avg. profit /month$1
- Profit Margin1%
- Avg. sales /month2,500
- Shopify plan
- Email marketing, tracking app, cross-sell/up-sell - The current tracking app, "Trackr - Shipping Tracking Page" is very expensive and accounts for 90% of the monthly app subscriptions, so after this month a free alternative is being used, which will cut down the app costs to about $50/mo.
- Facebook Ads
- Cost of goods sold
Physical inventoryNot Included
Logo and branding assetsAll logo and branding assets will be transferred in the selling process. They are included with the store.
Personal support after saleI can provide over-the-phone assistance for the first two weeks after the time of purchase to help answer any questions. I will also provide my team of virtual assistants for free for the first 7 days who know how to run the store (with the exception of marketing).
Product photosAll current product photos will be transferred at the time of purchase. They are included with the store.
SuppliersI contact my supplier and his team on WeChat for the quickest communication. Additional information can be provided at the time of sale.
How to grow this business
Over the next five years, the ideal way to grow this store would be to continue promoting it on social media in the form of Facebook (and Instagram) Ads. In conjunction with this, using an omni-channel approach would help grow it faster by using the email list to retarget customers for recurring revenue along with using other advertising platforms, such as Google Ads or Snapchat to engage even more potential customers. Due to the size of the brand, word-of-mouth also goes a long way to get sales from free promotion, so honing in on the customer experience would be another ideal way to help grow this to a household name brand.
Skills to have
As the new store owner, general knowledge in e-commerce is a requirement along with the ability to create and scale Facebook Ads. The majority of current sales from this store are driven by Facebook Ads that I create, so the new owner must be competent in advertising. Given the vast amount of customer data from this store, finding new customers in the United States or internationally should not pose a problem for anyone with a background in e-commerce and marketing.
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.