- Avg. revenue /month$8,252
- Avg. sessions /month43,544
- Avg. profit /month$300
- Inventory value$8,758
Why this business was started
In my research I realised how well people were doing via e-commerce stores. As I was retired and had time on my hands, I thought I could own and run an e-commerce store and make some money to supplement my retirement funds. I looked around for some time and checked out a variety of stores before settling on Charcoal Beauty mainly due to what I saw as the potential and future profitability. E-commerce, particularly in health and beauty is great because it is easy to market via channels like social media. The website www.charcoalbeauty.com ranks #1 for searches of trending "charcoal beauty" products. With a growing social media presence and email subscribers, there is an opportunity to dominate a hot niche.
The reason of selling this business
As stated, previous major health issues are the major reason, but I also have found that I am not savvy enough when it comes to promotion and advertising. I could have achieved so much more and done much better but as my health dragged me down so did my desire to make Charcoal Beauty work. I hate quitting but getting my health in shape is now my major concern.
What's involved in running this business
The store is perfect for a first-time business owner as it is still small enough to be maintained by one person. Some ongoing activities include:
Marketing: With over 13k followers on Instagram and almost 10K on Facebook, a new owner can continue building organic traffic and market to new customers to build an even stronger following for the in-demand activated charcoal product niche. Regular social media posts, advertising, promoting through influencers should drive demand. The owner can also leverage over 200,000 email subscribers to build sales, share updates and introduce new products.
Managing supply chain and order fulfillment which is an easy task as everything is automated. Once an order is placed the order is routed to either the European or American fulfillment centre and dispatched. The fulfillment centre takes the order packages it appropriately and sends the order to the customer.
Now that the private label is in place the store basically runs itself. Others: activities include store optimization and customer service.
Traffic and Performance
- Avg. revenue /month$8,252Verified
- Avg. sessions /month43,544Verified
- Avg. profit /month$300
- Inventory value$8,758
- Profit Margin50%
- Avg. sales /month20
- Shopify plan
- Inventory warehouse
- Paid apps
Logo and branding assetsAll Charcoal Beauty branding will be delivered to the new owner Domain name charcoalbeauty.com is valued by Go Daddy at $3189 The suppliers details and introduction will also be available
Personal support after saleSupport will be provided during the handover period and for seven days after the sale. The seller will be available by phone at a mutually agreed time or by email at anytime. The suppliers details and introduction will also be available.
Product photosAll Charcoal Beauty photos including professional product photos will be delivered to the new owner
How to grow this business
When I bought Charcoal Beauty the store was drop shipping from Ali Express which was all well and good except for the long delivery times of usually around four to six weeks with items going missing on a regular basis. I was getting complaint after complaint over missing shipments or long delays. The model just wasn’t working as well as it should. In between health issues I was able to turn Charcoal Beauty from a drop shipping business into a private label business. I had packaging designed, sourced a reputable supplier in China and discovered a fulfillment centre in the USA and Europe. I then had the items shipped to these centres and could therefore advertise two to four-day shipping and the cost per item was much cheaper than purchasing through Ali Express. Unfortunately, major health issues returned soon after and everything around Charcoal Beauty was dropped. I was never able to launch a dedicated advertising campaign or utilise the huge mailing list that the store has. Someone with advertising flair would be able to harness Charcoal Beauty’s large social media following as well as the mailing list. Another option with the private label would be to sell on Amazon. The sky is the limit for the right entrepreneur.
Skills to have
I made the mistake thinking I would easily pick up Facebook advertising skills and other avenues to promote Charcoal Beauty's products. Once again, I was wrong. Someone with average social media skills and a knowledge of Facebook advertising and mail outs would do well. Throw in a dash of e-commerce experience and you would be in line to hit a home run.
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.