- Avg. revenue /month$2,602
- Avg. sessions /month4,323
- Avg. profit /month$1,200
Why this business was started
Shopify valuation: $33,000 SUPPLIER WILL BE INCLUDED IN THE SALE
We are Engineering majors who took an interest in business and ecommerce which led us to buying this business in September 2018. We were interested in running our own business and earn some extra income on the side. We used our combined knowledge of digital marketing, social media management and design to build a brand that customers love. We even built a network of influencers and brand ambassadors including famous YouTubers and models that always post our socks in their videos, feeds, and stories.
The reason of selling this business
We are both going into our senior year and want to dedicate our time and effort on our studies, final year project and preparing for full-time job interviews.
What's involved in running this business
Running this business involves: - Fulfilling orders on Oberlo: these can be done very quickly with just a click of a button - Answering customer emails: we have invested in a chat bot that can answer FAQs and even give customers their order status which has significantly reduced the number of emails that we receive - Social media: We have grown our Instagram followers to over 7.5k and we have realized that most of our organic traffic comes from our Instagram followers so it's important to keep the page active (at least one post a week). Many of our influencers, brand ambassadors and customers send us images so you would just need to repost them!
About our supplier: We have built a great relationship with our supplier who makes running this business very easy: - We get a 25% discount on all of our dropshipping items meaning higher profit margins - Our orders are shipped the same day meaning faster delivery times - Always answers our messages the same day in case we have any issues with orders
Traffic and Performance
- Avg. revenue /month$2,602Verified
- Avg. sessions /month4,323Verified
- Avg. profit /month$1,200
- Profit Margin33%
- Avg. sales /month180
- Shopify plan
- Tidio Chatbot
- Domain + Customer Support Email
Physical inventoryNot Included
Logo and branding assetsAll assets will be transferred to you in PNG, JPEG and SVG format by email or Google Drive.
Personal support after saleWe will be available to assist you and answer any questions you have after purchasing the store for the following 6 months, whether that's through text or phone calls. We will also put you in contact with our supplier and so we can make the transition as smooth as possible for you. We love this store and we really want to see you succeed, so we will help you as you need it!
Product photosAll images will be transferred to you through Google Drive.
How to grow this business
To grow the business even further, we suggest investing time and effort in:
Instagram influencers: we have had Youtubers and models post our socks in their videos, feeds, and stories which has increased our brand awareness, traffic and sales
SEO: Traffic can be increased further if the store's SEO is optimized to get to the top of the Google search results page. We are currently on the first page with no SEO done.
Facebook ads: Most of our sales come from Facebook ads especially in the holidays. Our sales are very high during the Christmas season
Skills to have
- Online marketing (Facebook/Instagram ads)
- Social Media management
- Graphic Design for marketing material (a lot of free tools can be found online if you don't have graphic design experience)
- Email marketing (not necessary but great to have)
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.