- Avg. revenue /month$129,125
- Avg. sessions /month77,678
- Avg. profit /month$28,000
- Inventory value$500
Why this business was started
I started this business because I saw a lot of potential in the niche. Before I start a new store I research the niche to make sure there is an abundance of product to roll out. I also check Facebook audience insights to make sure there are several million + audiences that I can start advertising too. A secondary reason was to capitalize on the 40-65+ age demographic that has shown a lot of growth in my previous businesses and a music themed store was the perfect niche to capture their attention.
The reason of selling this business
The main reason is my plate has just gotten to full. I just launched a new brand in September and I also started a new consulting company as well. Even though this company is very profitable and has long term growth potential but It is not what I am passionate about. I have been in the ecom space a long time so I am slowly moving towards different projects.
What's involved in running this business
Supply Chain: Ordering from suppliers (for in house products), Communicate with 3rd party fulfillment center to make sure in house products are going out, setting up new skus, etc. etc. Manage dropshippers for dropshipped products. Customer Service: Plug an agent into zendesk to solve all email inquires Plug an agent into facebook messenger to solve all messenger requests. Continue to use 3rd party phone service, or disconnect the line to save on costs. Can also plug an agent into your own phone line through zendesk. Product Research/Development -Finding and creating popular music phrases to put on T-Shirts and jewelry. Work with designers to create mockups of new products (study what is already popular on the internet). -Scan drop-shippers for new products -Rolling out a for music collection Marketing -Use facebook advertising to run lead, purchase, and retargeting campaigns -Use email marketing for an internal marketing plan -Use google ads for SEO traffic and retargeting -Use FB messenger bots -Plug in sales team to sell to existing customer base and leads Accounting -Use quickbooks for all accounting needs Financials -Use shopify payments or plug into a third party merchant processor
This sums up 90% of store operations, and I tackle the 10% of unexpected things as they come.
Traffic and Performance
- Avg. revenue /month$129,125Verified
- Avg. sessions /month77,678Verified
- Avg. profit /month$28,000
- Inventory value$500
- Profit Margin12%
- Avg. sales /month8,080
- Shopify plan
- Inventory warehouse
- all subscriptions
Logo and branding assetsWe will prepare a file of all advertisement and product photos along with all legal work we've had done for the company. Our lawyer will work with yours to arrange the transfer of any business assets.
Personal support after saleYou'll receive 30 days of full time work and support from my team and I to ensure a smooth transition. With the asset purchase you're also getting all the proprietary knowledge we have from our other businesses. Me and my partner will fly out to wherever you live and dive into the business for 7 days. We will build out product collections, talk about strategies we're running, and set you up with a game plan to murder in Q4. After the transition we will provide a monthly consulting call for 2 months. After that our consulting is available at $2000 an hour.
Product photosWe will share all product photos and descriptions and share those via dropbox or some other agreed upon service.
How to grow this business
I would grow this store over the next 5 years by scheduling out month long email drip campaigns, with rotating products every month. I would run clearance sales on old products and inventory and keep the cycle going month after month into Q4, where I would hold my biggest storewide sale of the year.
I would use facebook and google advertising to gain new customers and leads, and then pull them into my internal marketing plan.
I would also roll out a line of practical musical products instead of just jewelry and apparel to fully capitalize on the customer base.
I would keep my team lean, and work with people overseas to keep costs down.
Skills to have
There is no specific skill or knowledge that the owner should have before buying this store, other than the ability and desire to learn, grind, and succeed.
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.