- Avg. revenue /month$7,355
- Avg. sessions /month4,854
- Avg. profit /month$2,663
- Inventory value$300
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.
Traffic and Performance
- Avg. revenue /month$7,355Verified
- Avg. sessions /month4,854Verified
- Avg. profit /month$2,663
- Inventory value$300
- Profit Margin32%
- Avg. sales /month328
- Shopify plan
- Inventory warehouse
- shopify apps and email marketing
- Facebook advertising
Logo and branding assetsAll files will be transferred via google drive.
Personal support after saleI'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.
Product photosAll files will be transferred via google drive.
SuppliersWe 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.
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.
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.