All prices in USD
$4,500
  • Avg. revenue /month
    $3,523
  • Avg. sessions /month2,210
  • Avg. profit /month
    $1,615

Business Story

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)
This business was founded: 4 months ago
Time to run this business: approximately 8 hours per week

Traffic and Performance

  • Avg. revenue /month
    $3,523
    Verified
  • Avg. sessions /month2,210Verified
  • Avg. profit /month
    $1,615
  • Profit Margin38%
  • Avg. sales /month33
Other details about profit: Total profits for the 3 month period were approx $12.5K. Expenses which include the shopify monthly fees $55/month, cost of purchase , debutify app $79.00 / Month , simple affiliate $10/Month app was app for the 3 month period $7,653K USD. Best part is you have very low marketing costs as all sales are done through working with the influencers and their promotion of the crypto kicks.
Total revenue
  • $14,090
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 8,841Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $55
      /month
    • Domain
      $110
      /year
    • debutify
      $79
      /month
    • Affiliate Commissions / Twitter ads ( These costs are only paid if sales are made)
      $840
      /month
    • Affiliate App
      $10
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Logo 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 sale

      I 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.
    • Domain

    • Product photos

      All the photos are already loaded to shopify and the apps . Apon request I can also email the files in png format if required.
    • Social media

      Total followers1,400subscribers
    • Suppliers

      The 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.
    • Mailing List

      101subscribers

    Seller‘s Advice

    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

    Share

    BL
    Ben L.Current store owner
    Entrepreneur. Always on the lookout for new and exciting projects

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