- Avg. revenue /month$9,907
- Avg. sessions /month10,527
- Avg. profit /month$3,478
Why this business was started
I was actually a user of the product before we decided to start selling it. I have always enjoyed making art, so I figured this would be an awesome new way to start making some long lasting pieces. I immediately fell in love with the machine and others kept telling me how much they liked the rugs I was making. The rug making community was also very upbeat and positive, so I enjoyed being a part of this group. We discovered that this product was gaining lots of attention on social media, but had a very limited amount of reliable vendors. The vendors available either had bad customer experiences or products on back order leaving many in the community very frustrated. Others in the community were constantly asking me where I got my gun when I posted my work to social media, so I figured this would be an amazing opportunity for me to become a retailer. We decided to test it out and were getting a strong amount of sales from day 1. Not only has this product been financially great for us, it has also help bring so many smiles to peoples' faces around the world. Customers love sending us their work and it is so nice knowing that we helped them in the process.
The reason of selling this business
I have been very busy lately with long work days and raising a family. While I would love to give this store the attention it needs, I am simply too worn out by the end of the day to keep up with demand and overall management. I want to make sure that the customers are properly being taken care of and this store is able to spread the joy of this product correctly. In addition, I was not expecting this store to grow so fast and I figured it could be a very worthwhile investment for someone else. This store will easily do 6 figures with the potential for 7 figures when the holidays come around. You will not find too many other assets with an ROI like this one, it just needs the necessary time and attention to continue its success.
What's involved in running this business
Running social media, running advertising campaigns, fulfilling orders, ordering from suppliers, and keeping up with customer service. It is not an overwhelming amount of tasks. I would expect to spend 3-4 hours a week keeping up with the business.
Traffic and Performance
- Avg. revenue /month$9,907Verified
- Avg. sessions /month10,527Verified
- Avg. profit /month$3,478
- Profit Margin34%
- Avg. sales /month50
- Shopify plan
- Loox, Tik Tok
Physical inventoryNot Included
Logo and branding assetsWe have a professionally made logo and ad video that we will transfer via email. They are both top notch and you won't find better assets from any other competitor.
Personal support after saleWe will help you get started and give you directions on advertising for 2 months. I am very experienced in the eCommerce field and will make sure you keep the success of the business going.
Product photosWe have many professional photos of both the product and the creations made by this product. We will transfer via email. Customers also provide us with content everyday, so this would go to you.
SuppliersWe have a great supplier and communicate via Whatsapp. They are incredibly responsive and will make sure to meet all of your needs. They are better than any other competitors vendor. They have worked so professionally around any issue we had. They also get packages to customers very quickly.
How to grow this business
I would work on both paid and organic forms of marketing. Facebook, Instagram, Google, and Tik Toks ads are all great for this product. It has proven to capture a lot of attention from a wide variety of audiences. There is still so much room to keep on growing and gaining customer loyalty as the brand grows. We will provide you with a professionally done advertisement videos that have high conversion rates. We had these professionally made and will not find any other competitors using them. Email marketing has also proven to work very well for us and we gain new subscribers everyday. There is so much you can do with emails and they are now one of the best forms of marketing. We have an Instagram that has gained 1800 followers as well as providing many sales without having to spend money per lead. We have been featuring our customers work, so you will not have to worry about constantly creating original content. The community on Instagram is extremely passionate and kind. I would continue to grow this page and interact with the community as much as possible. This is a very niche product with a very strong community so we make sure that we provide them with the best products and service. There is so much opportunity to help bring this new hobby into peoples' lives.
Skills to have
You should be confident in your social media management skills as well as social media advertising or find someone that is through other websites such as Fiverr or Upwork. We are a dropshipping store that uses Oberlo, so you need to be familiar with this process. Being on top of current trends in the arts and crafts space will also be useful.
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.