- Avg. revenue /month$8,805
- Avg. sessions /month6,350
- Avg. profit /month$6,000
Why this business was started
We ( my team and I) have been involved in the outdoor & hunting niche for quite some time and we enjoy process of creating a brand from scratch being. We firmly believe in this product, so we wanted more people to add this to their outdoor gear.
The reason of selling this business
While we were able to force this product to work and become very profitable,( as of November 2020, we are doing $9k-$15k revenue per day in sales, and averaging around $2k profit a day) we believe it may require further effort that may take away our time from our other ecommerce projects and ventures if we want to take it to the next level. We work on several multi milion brands and we like to create smaller stores as a side hustle so this store is one of them . Single product stores can be incredibly profitable for 7-8 months or perhaps even years but it requires the creation of more creatives(videos) and that isn't something we want to do right now. For that reason we want to sell it to free our hands and devote more energy into a possibly more proftiable venture.
Another thing we would like to mention is that the shopify stats says we are doing only $8.8k revenue per month, but that is because we did nothing on this store since last year and only start advertising on it again September. So the current avg monthly average is much higher. Currently doing $100k revenue from October to this this date in November- 11-15-2020
What's involved in running this business
Creating new video creatives every 3-4 weeks, monitoring the facebook ads, and customer support and fulfilling orders with the supplier. You will need to devoteartound 30 minutes a day answering customer emails, and monitor your facebook ads as much as you can as many things can happen, (ie. shopify going down or fb spending budget quickly)
Traffic and Performance
- Avg. revenue /month$8,805Verified
- Avg. sessions /month6,350Verified
- Avg. profit /month$6,000
- Profit Margin25%
- Avg. sales /month6,000
- Shopify plan
Physical inventoryNot Included
Logo and branding assetseither via email, skype or any media transferral service new owner prefers
Personal support after saleWe will provide guidance on how to run facebook ads and provide other tips to keep the business alive should the owner need it.
Product photoseither via email, skype or any media transferral service new owner prefers
SuppliersWe will provide supplier contacts
How to grow this business
The website is 1 product store that viral and it have 10.000 of happy customers who constantly ask as when we will ad more items.So adding more items is one big thing that can be implemented .
Skills to have
New Owner should have knowledge with setting up shopify stores, researching for new products and using facebook business manager to manage and run ads.Being able to create videos and some skills in photoshop + illustrator would also be very helpful.
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.