- Avg. revenue /month$66,464
- Avg. sessions /month44,357
- Avg. profit /month$20,000
Why this business was started
I started this business with the intentions of being able to market a problem solving product to the photography market. After having problems showcasing certain products and objects aesthetically, I reached out to suppliers that had innovative products that could possibly be a solution to those problems. Having a great video advertisement to display the products functionality, as well as social media marketing skills it was a no brainer to attempt to arbitrage it. This business has incredible potential with the niched market it lies in.
The reason of selling this business
The main reason I am selling it is because of merchant processing issues. Because of the volume of sales that I was doing, I was given a paypal hold which is currently in review but will most likely be lifted. That being said one could continue running this business tomorrow if they wanted to with any other merchant processor, some even affiliated with their own bank which unfortunately mine did not have. There is potential to make an immense amount of money by continuing this business, but since it prohibited my momentum, I would like a new innovator to be able to take the reigns while I explore new markets.
What's involved in running this business
I currently have 4 employees for order fulfillment, customer service, and advertisement and content moderation so personally, as the CEO and CMO I am responsible for managing the employees as well as the marketing efforts. This includes about 1 hour of communication per day with employees as well as 1-2 hours for marketing efforts and moderation.
Traffic and Performance
- Avg. revenue /month$66,464Verified
- Avg. sessions /month44,357Verified
- Avg. profit /month$20,000
- Profit Margin15%
- Avg. sales /month3,000
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsAll of the rights to the company including the facebook ads account and the website.
Personal support after saleI will provide personalized coaching for the first 2 weeks after the initial sale to the owner or the marketing team on how the operations ran.
Product photosNot Included
How to grow this business
If I were not selling this business, I would grow it to about 3-4 million dollars in sales as this month alone was on pace for 300k and through marketing efforts, I may have expanded into an inventory based business.
Skills to have
Marketing skills are important, but you could hire an ad agency to monitor the ads and pick up where they left off and technically fully automate it and still make 500-3000 a day profit.
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.