$4,930USD
  • Avg. Revenue /month
    $344USD
  • Avg. Sessions /month770
  • Avg. Profit /month
    $252USD

Business Story

Why this business was started

Founded in 2008 Artful Jeweler came about through a collaboration of teachers and students at the Maryland Institute College of Art. Recognizing that the internet was becoming a powerful tool for artists to market their work and at that time the internet lacked an online store dedicated exclusively to art jewelry, Velina Glass the then president of the Metals Guild of Maryland spearheaded this initiative by building and launching the new website.

From the beginning, the artist-centered website attracted some of the most acclaimed jewelry artists in the industry from the groundbreaking enamel work of Baltimorian Shana Kroiz to the edgy street art of Boris Bally who transforms recycled street signs, weapon parts, and a wide variety of found materials into objects for reflection and adornment.

The reason of selling this business

I am an artist and teacher and would like to spend more time focusing on my own jewelry. I am one of the foremost resin artists in the country however my production of new work has suffered with the demands of the website. I have done the business a disservice by trying to excel at eccommerce, artistry and education.

What's involved in running this business

The best thing about this business is that there is no inventory costs! Thirty days after the completion of the sale the artists receive a 60% commission. There is always a significant bump in sales whevever we send out direct mail. I have included images from our catalogs. Artists provide their own images including model photographs. When an item sells I contact the artist, email them a label and then the artist ships the jewelry directly to the customer. The sales that have been generated over the past 3 years are are a result of mostly direct mail, organic marketing, social media and email marketing. If I were to purchase the business at this time I would invest in telephone order service, paid search, influencer marketing and direct mail via catalogs. The maintenance of the website is nominal due to the ease of the Shopify platform. The recruiting new artists, the addition of new products, keeping the home page fresh, writing and publishing emails and social media postings, and staying current with the Shopify tools rounds out the primary work requirements.

Communication with the artists is essential. Existing artists help to recruit new artists. I often provide feedback as to what they can do to increase sales and to let them know what things are working well with their product offering. Sometimes I just call to chat. It is important to note that the quality of the artists is such that I have had only 2 returns in the past 10 years.

Time to run this business: approximately 21 hours per week

Traffic and Performance

  • Avg. Revenue /month
    $344USD
    Verified
  • Avg. Sessions /month770Verified
  • Avg. Profit /month
    $252USD
  • Profit Margin40%
  • Avg. Sales /month5

Other details about profit:As a retail entity we find that the 4th quarter presents us with the greatest opportunity for sales. The profit formula is simple - Sales - 60% Artist Commission - Shipping - Advertising = Net Revenue.

Total revenue
$14,117USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
31,572Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $29USD
    /month
  • Domain
    $0.42USD
    /month
  • I've grown this site by using social media, influencer marketing, blog advertising, Pinterest and Facebook Ads.
    $100USD
    /month
  • Shipping Variable Cost Per sale approximitely $6 per sale.
    $12USD
    /month

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

    I will create a zip file to transfer all images included past and present marketing advertisement. I will introduce the new owners to the existing artists via skype so that they may establish an excellent rapport with these critical assets.

  • Personal support after sale

    I am available to 3 months to provide whatever assistance the new owner requires. Most importantly I will work to ease the transition of the artist to the new owner.

  • Domain

  • Product photos

    I will send a zip file to the buyer with all of the model photos that I paid for and will discuss with the artists your use of their model photos. Product images remain the property of the artist with them providing liberal use to the company as per their consignment agreement.

  • Suppliers

    Not Included

  • Mailing list
    1,500subscribers
  • Social Media
    Total followers2,511subscribers

Seller‘s Advice

How to grow this business

As stated earlier I believe the most effective tools are 1. Catalog Sales, 2. Influence Marketing, Pinterest Advertising, Paid Search and Blog Advertising. I believe there is an opportunity to market to men during peak gift giving seasons e.g. Christmas, Valentine's Day and Engagement. Facebook marketing has been an ineffective tool.

Skills to have

I think it is key to having an excellent relationship with the artists because it is they who keep our customers happy. In 10 years we have had only 2 returns!

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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.

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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.

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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.

VG
Velina G.Running this business for over 3 years
Owner Velina Robinson Glass holds a BBA from Temple University and an MBA from LaSalle University. Her work experience spans over two decades as a healthcare executive with firms such as Kaiser Permanente and Cigna Healthcare. In 2004, she left the healthcare industry to focus on a career in the arts. Since then she has launched the website Art Jewelry Online in 2008 and has had her jewelry published and is considered one of the top Resin Artists in the U.S.

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