All prices in USD
  • Avg. revenue /month
    $7,355
  • Avg. sessions /month4,854
  • Avg. profit /month
    $2,663
  • Inventory value
    $300

Business Story

Why this business was started

I decided to start this business 8 months ago because I was always looking for a super unique product that will bring more value and a "wow" effect. After founding out about bluetooth sleepband and building a brand around it we definitely had a great vision for it. Bamino is a problem solution for many people with their sleeping problem/anxiety. We found out about bluetooth sleepband when googling about the biggest problems people face daily.

The reason of selling this business

While I love this business, I've been running it for over 8 months now and my interests have shifted to other projects. I have been starting SEO businesses and having success there, so I'd really like to free up my time to focus more on that.

I've also worked for myself a long time and have been having some health issues, so I've greatly reduced my working hours, leaving me with less time to work on the things I am really interested in.

What's involved in running this business

The day to day running of the business involves these tasks:

  • Customer service - Answering emails primarily
  • Processing returns and shipping out clearance items (we offer returns, but you don't have to, we just choose to take product back and resell it as clearance if it's like new)
  • Checking Facebook ads, creating new ads. (Often when I launch ads, they don't need much maintenance for weeks at a time, just changes in budget, sometimes launching new creatives)

The orders are automatically fulfilled by the supplier with a tracking number for each order! So no need spend hours in manually putting tracking numbers. Also the tracking numbers are given automatically by the App Proveway Uptrack, which makes sure to give PayPal all the tracking numbers, to make sure to have a healthy relationship with Paypal and the customers, so they can be happy and purchase again from the store.

This business was founded: 9 months ago
Time to run this business: approximately 10 hours per week

Traffic and Performance

  • Avg. revenue /month
    $7,355
    Verified
  • Avg. sessions /month4,854Verified
  • Avg. profit /month
    $2,663
  • Inventory value
    $300
  • Profit Margin32%
  • Avg. sales /month328
Other details about profit: Over time, we have worked hard on our product quality, customer support and advertising. We have optimized and tested a lot of things, so our goal in the first place was not to make profit, but to know what our customers want, to give us a big advantage over our competition.
Total revenue
  • $58,837
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 38,835Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $10
      /year
    • shopify apps and email marketing
      $20
      /month
    • Facebook advertising
      $4,800
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      All files will be transferred via google drive.
    • Personal support after sale

      I'm happy to provide support for 14 days over skype/whatsapp. I'll also provide up to 2 calls of up to 1 hour long within those 14 days. After this period I am happy to answer some questions but I will not longer assist you.
    • Domain

    • Product photos

      All files will be transferred via google drive.
    • Social media

      Total followers934subscribers
    • Suppliers

      We work with a few different suppliers. We have special rates with our main supplier which will remain intact after the sale. I have verified that they will provide the same prices to the new owner and will assists the new owner with branding elements to grow the business. This gives you a competitive advantage.
    • Mailing List

      1,800subscribers

    Seller‘s Advice

    How to grow this business

    Over the next five years I'd do several different things to grow the store.

    • Test new product offerings to keep things fresh
    • Scale to snapchat/tiktok/google
    • Take influencer marketing to the next level by scaling collaborations
    • Run Google campaigns beyond just Google Shopping. There is a ton of volume there and we've never tested running search campaigns.

    Skills to have

    There are no special skills the new owner absolutely has to have. I do work with facebook ads daily, so it would be good to have experience there, but if you don't you can hire an agency or a freelancer with experience running ads and that would be a good place to start.

    That being said, experience with shopify and facebook ads would be helpful.

    EO
    Edgar O.Current store owner
    I've been involved in eCommerce for 2 or 3 years. I've run several shopify stores in several different categories. This store has been my main focus over the past 7 months. I built everything from scratch, developed most of the products and grew the brand over $60k in sales. I put all of my effort into the site, paying attention to all the details. Everything from custom packaging and making the website look great with custom CSS/HTML. I'll be sad to let this brand go as it has meant a lot to me and has so much more potential to grow.

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