- Avg. revenue /month$19,621
- Avg. sessions /month29,328
- Avg. profit /month$4,905
Why this business was started
I decided to start this business because I wanted a long-term e-commerce business that millions of people are aware of and that has a good reputation. I didn't want a short-term business, which is why I was sure to choose a product that solves a problem, is currently in demand, has been proven to sell, isn't saturated, isn't seasonal, and is logistically sound. I made sure to create a one-product store to gravitate around the product, to increase the trust and reliability of the brand and the product.
The reason of selling this business
I started my ecommerce journey a few years ago and have loved every bit of it. Nonetheless, I have decided to sell this business so that I can focus my energy towards my tech startup.
What's involved in running this business
In summary, this is a brand that: - Has reached millions of people on social media. - Has a premium domain that is easy to remember and increases the brand's trust factor.
The brand is a one-product store, and the product: - Solves a common problem. - Serves a broad market. - Is evergreen (not seasonal). - Has been proven to sell. - Is currently in demand. - Is logistically sound (not liquid, glass, etc.) to avoid returns, poor customer feedback, and advertising issues. - Isn't saturated.
Other key aspects: - The brand has plenty of content that can be used for advertising, some of which has not been used yet. - I price the product at $19.99 USD + $4.99 for shipping. This gives me high margins, while keeping it an impulsive purchase for the customer. Because of this pricing, the conversion rate is not super high (2.27%), but this can be attributed to the fact that advertising this product has always had a relatively low CPM and a high CTR. Also, all of this revenue has come from cold traffic, I have never run retargeting ads. - The store comes with a premium Shopify theme which can have a positive impact upon your conversion rate.
What's involved with running this business: 1. Marketing - Even though it will only take you a couple of hours per day to run this entire business, marketing will be the majority of what you do with your time. - The other aspect of marketing is the creatives themselves. This simply consists of editing the videos that will be used on social media as your ads. This is something you will rarely need to do, because one creative has the potential to last you several months, or even several years. As previously stated, I have plenty of content and creatives for this product, all of which is included.
By logistics, I simply mean paying for the goods sold and communicating with the supplier to take care of any issues that can occur (such as lost orders, returns, etc).
Since I barely get any customer support inquiries for this brand (thanks to fast shipping, positive customer feedback, and tracking and email apps) I simply take care of the few customer support inquiries by myself, which usually takes about 30 minutes per day. If you want to outsource this, you can always hire a VA.
The final aspect of running this business is auditing, which is intuitive. By auditing, I simply mean ensuring you're aware of your debits, credits, and important advertising metrics that you care about.
Conclusion: I have not gone into granular detail, for the sole reason that I assume that anyone interested in purchasing this business is aware of the operational requirements with e-commerce. Also for the simple fact that if you are interested in purchasing this business, you can simply contact me, where we can discuss this business in as much granular detail as you wish.
Traffic and Performance
- Avg. revenue /month$19,621Verified
- Avg. sessions /month29,328Verified
- Avg. profit /month$4,905
- Profit Margin25%
- Avg. sales /month726
- Shopify plan
- This is for 3 apps: 1. Sync your tracking numbers to PayPal automatically. 2. Automatic currency converter. 3. A tracking app that lets customers track their order on your website instead of the carrier's website.
- Facebook and TikTok
Physical inventoryNot Included
Logo and branding assetsWe can simply transfer these assets using Dropbox.
Personal support after saleI can provide support regarding marketing, auditing, logistics, and customer support for 1 month after the sale.
Product photosWe can simply transfer these assets using Dropbox.
Social mediaNot Included
How to grow this business
I built this store because I wanted an automated store that lasts a long time, and that's exactly what this is. To optimize this store, I would focus upon creating new content and running fresh ads on social media to increase the brand's reach and awareness. Regarding social media accounts and pages, I will not include this in the sale, mainly because our Instagram account and Facebook Page are associated with other brands, so it isn't feasible to also include them in the sale.
Skills to have
You should be familiar with marketing on social media, with communicating with suppliers, with handling customer support inquiries and/or managing VAs (virtual assistants), and auditing (being aware of your debits and credits).
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.