Private listing #750601URL Hidden
- Avg. revenue /month$1,010
- Avg. sessions /month1,485
- Avg. profit /month$215
Why this business was started
I started this business as a side project while staying at home with my newborn where I could channel my passion for early child's development, wooden toys and Montessori philosophy. This store is built with love and care, I did a lot of research, followed parenting and Montessori blogs to find the products I believe in that parents like myself would want to buy.
The reason of selling this business
I didn't expect this store to take off this fast when it did and have realized that it would take more time than I could commit to it. Even as a side hustle it now takes time away from my family and other initiatives. It was a great learning experience and I am ready to move on. Hopefully, someone with the same passion can run and grow this store further.
What's involved in running this business
Processing orders, building relationships with Aliexpress suppliers, creating marketing campaigns, testing new products, answering customer inquiries and resolving concerns, running social media accounts.
Traffic and Performance
- Avg. revenue /month$1,010Verified
- Avg. sessions /month1,485Verified
- Avg. profit /month$215
- Profit Margin20%
- Avg. sales /month90
- Shopify plan
- Paid Apps
Physical inventoryNot Included
Logo and branding assetsCustom Logo, and social media accounts will be transferred at the moment of sale.
Personal support after saleI can offer support via email during first month of sale, and/or a phone call if needed to explain the store, target audience/insights, marketing strategies, winning products, and other useful information.
Product photosAll Product photos can be accessed via store manager’s account in product listings.
SuppliersIt is a very niche store and I have an established relationships with Aliexpress supplier who ships within 24 hour and always fast and efficiently deals with customers concerns, returns etc.
How to grow this business
The store is 1 year old, I spent first six month optimizing its design, flow and funnel. I wanted to create an upscale kids/design looking store and not a dropshipping store; an ever-green business that can be a source of income for years to come, a shop for parents like me, be user-friendly, welcoming, and a pleasure to shop at.
We have social media presence (about 500 folowers) on IG, FB, Pinterest and a list of influencers who wishes to work with us. I have a strong winner and a handful of upsells which bring my AOV to ~$80. We are currently in the top 9% of stores by traffic among the stores launched at the same time. The store has a custom logo, well planned front page/product pages, funnel, it is mobile-optimized, easy-to navigate and fast-loading. I had a few hundred dollars in sales around BFCM 2019, which weren't too profitable. After learning more about marketing and spotting a trend in April 2020, I had ~$14K sales on about 6 weeks. As soon as I realized the scale of the Coronavirus-caused delays, I decided to pause selling and to only focus on customer service for the existing orders. Excellent customer service is very important to me, I put a lot of effort into building lasting relationships with my customers and have had people place repeating orders (3.3%), and recommend us to their friends and families. Even in the light of Covid-19 delays (some orders taking longer than 60 days to arrive), I had only processed a handful of refunds, which I attribute to my frequent proactive updates, email communication and putting my customer first. I run the store alone, and on a busy day (up to 20 orders, ~$1.5K) it'd take me up to 2 hours answering customer inquiries (reply within 12-24 hours), placing orders, marketing etc. Unfortunately, even this was too much commitment for me, and there are so many ideas and avenues I wished to explore that I didn't have time to.
There is a huge potential to scale the store 10x by scaling FB ads, working with influencers, exploring other marketing channels and/or expanding to another countries. Many of other products in the store I believe to be winners, because they have sold often without me ever advertising them. If you have a passion for children's education/development, good taste, and time on your hands to dedicate consistently to growing this business - it can become a solid full time income.
Skills to have
Having kids would definitely help, as well as interest in child’s development, Montessori, and sustainability. There are endless ways to engage your audience besides selling to them, for example sharing activities with kids, educating them on Montessori and other educational approaches, sharing quotes and great content from other bloggers. Being an "insider" in this audience helps greatly with writing the product descriptions, ad copies and spotting future winners.
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.