- Avg. revenue /month$582
- Avg. sessions /month1,491
- Avg. profit /month$400
Why this business was started
Classy Rradical was born almost a year ago when my partner and I decided to embark on a new journey.
The inspiration for the store came from my partner, who curated the stores concept and selected the pieces to sell in our collections.
Having studied fine arts and working as a stylist & creative director, my partner has a sharp eye for observing the latest trends in sub-cultures and translating them into the overall vibe and style that Classy Rradical conveys.
On the flip side, I studied politics & economics and have a much more analytical background.
Naturally, our task allocation has seen myself conducting business strategy, marketing, analytics & customer service while my partner curates the store and creates content for social media.
The reason of selling this business
Since we launched, the store has been growing steadily (theres a clear upward trajectory and we've only dominated one sales channel - Instagram/Facebook).
You might be wondering: why are we selling the store if it's bound to continue it's upward trajectory?
Here comes the sad part of the story.
My partner and I are embarking on our own personal journeys for growth & discovery and are going our separate ways for the time being. This inevitably creates uncertainty and complications in the management of the store as won't have the stability we currently enjoy.
Why don't you hire VA's to run the store?
We could do that, but embarking on our journeys means leaving everything behind and we both feel like even if we wouldn't have much work to do, it would still occupy some of our mental capacity.
When my partner and I work on something, we both have the tendency to constantly think about it and we need space to have our full mental energy.
We've considered hiring virtual assistants (which we've used for other projects in the past) to help us with the more repetitive, time-consuming aspects, but haven't gotten around to doing so, so it's just been the two of us in our spare time.
Our plan has always been to dominate one sales channel before expanding. In regards to social media, we see Pinterest and Snapchat as the top priority atm obviously other marketing efforts like PPC, SEO & content marketing.
What's involved in running this business
The store is a dropshipping store, so you won't need to hold ANY stock. We'll give you our database of suppliers. We also use Oberlo, which automates fulfillment from Aliexpress.
We're starting to dominate IG as a sales channel and have good relationships with influencers we've started working with in our niche. We have a very high engagement rate (almost 10%) and most of it has grown organically. We currently have 4100~ engaged followers and it continues to grow daily.
Essentially, all you need to run the store is an internet connection and a smartphone / laptop and of course, access to all the accounts: store details, email, apps like mailchimp, our social media handles and bank details.
Traffic and Performance
- Avg. revenue /month$582Verified
- Avg. sessions /month1,491Verified
- Avg. profit /month$400
- Profit Margin50%
- Avg. sales /month25
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsWe'll transfer all in-house logo and brand assets using Google Drive or the preferred method the buyer has.
Personal support after saleWe're more than happy to answer any questions / provide support the buyer during the first month after the sale. We can also provide a PDF document with everything the buyer needs to run the business.
Product photosAll the product photos are currently stored in the Shopify media library. We have some original content that we can provide via Google Drive as well.
How to grow this business
Double down on the current marketing strategy of using influencers and expand to various other countries (UK, US, Aus, etc.)
Hire an agency to work on SEO and start doing PPC ads as well.
Create a blog and start content marketing on fashion trends, etc.
Start branding the clothes from the suppliers & creating pop-up events, etc.
Skills to have
My partner and I started as beginners without any knowledge of marketing and running a business. We learnt as we went.
Knowledge of Instagram ads/ using influencers is important, although extremely easy to learn if you haven't done any of it yet.
SEO, Google Adwords, Content Marketing could be useful although we haven't done any of this thus far. It would definitely be a plus.
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.