- Avg. revenue /month$3,523
- Avg. sessions /month2,210
- Avg. profit /month$1,615
Why this business was started
I decided to start this business as I found a very niche corner of the market selling Crypto Kicks to people in the crypto space. It helped that I had an interest in the crypto sphere as well.
The reason of selling this business
I have decided to leave me 9-5 next year and this was my side hustle. Now that I have started my new venture Im not going to have time to run this.
What's involved in running this business
- Processing orders
- Talking with influencers and running monthly contests (will need a twitter account. I will give you the contacts for the influencers )
- Answering all customer inquiries.
- Checking orders to ensure customers have ordered the correct shoe size.
- Designing shoes for limited edition competitions -Sending out emails to customers with promos etc -Canva ( You will need canva to do your designs in. Then they are upload to the supplier app where you finalise the design process)
Traffic and Performance
- Avg. revenue /month$3,523Verified
- Avg. sessions /month2,210Verified
- Avg. profit /month$1,615
- Profit Margin38%
- Avg. sales /month33
- Shopify plan
- Affiliate Commissions / Twitter ads ( These costs are only paid if sales are made)
- Affiliate App
Physical inventoryNot Included
Logo and branding assetsLogo and Branding are already loaded into the store and apps and can be accessed at anytime. Apon request by the seller the logos etc can be upload into png files and sent to the seller .
Personal support after saleI will provide TeamViewer sessions for as long as you need to get yourself up and running for upto a week after the sale. These sessions will include how to process orders, talk to affiliates , design new shoes if needed and the general running of the store. Plus will answer any questions that arise during these sessions.
Product photosAll the photos are already loaded to shopify and the apps . Apon request I can also email the files in png format if required.
SuppliersThe suppliers are built in with the shopify apps and are automatically sync'd with the store. There is no physical stock. As the shoes are made to order we do not accept returns from the customer as well. Also the price of shoes can range from $39USD a pair to $42USD a pair depending on the style. This price includes fast shipping. Shipping times to customers are around 1-2 Weeks.
How to grow this business
I have had the business for 3.5 months now . In that time I have engaged two Influencers, and gone into partnership with a crypto project to sell all their merchandise. For growth I would offer new designs, find more influencers and continue to contact Crypto Projects in the space to join forces with to become their merch supplier. Also with a customer base of already over 100 people , mail outs every two weeks would be essential.
Skills to have
Only skillset is be a good communicator, and have a basic understanding of how Shopify works. This is not essential as there are plenty of guides out there to show you how to run your store. If you are creative this will help as well when designing the shoes, but I have found most of my ideas have come from the influencers
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.