- Avg. revenue /month$1,674
- Avg. sessions /month1,755
- Avg. profit /month$300
- Inventory value$2,900
Why this business was started
I wanted to have an extra income source. I also love the idea of online business that you can do your job from wherever you are. And last but not least, I wanted to add value to the world and to my customers.
The reason of selling this business
I live in Germany, my supplier is in China, and my inventory and target market is in the US. According to the tax regulations in Germany, calculating the sales revenue in my case is very complicated, even for the tax company which is helping me find out how we should process. Also, since this tax company's service is very expensive, declaring the sales tax becomes very expensive for me. That's why I have decided to sell my business although I love it so much and have put my heart and soul into it.
What's involved in running this business
I place the bulk order on Aliexpress and my supplier ships the products to the warehouse in the US. I constantly receive orders and twice a week, I place the orders to the warehouse through Shipstation. I also create labels through Stamps. My warehouse partner prints the labels and fulfills the orders. The orders are shipped to the customers by USPS. The advertising has been on Facebook and Instagram.
Traffic and Performance
- Avg. revenue /month$1,674Verified
- Avg. sessions /month1,755Verified
- Avg. profit /month$300
- Inventory value$2,900
- Profit Margin20%
- Avg. sales /month40
- Shopify plan
- Inventory warehouse
- email marketing software, paid apps, later, gorgias, stamps
- mojo, gorgias, order metrics
- Microsoft 365 Email Essentials From GoDaddy
Logo and branding assetsI will provide you with the followings: logo, social media cover photos, advertising graphics. I will send them to you via email and/or dropbox if you prefer.
Personal support after saleI am not a technical person, so I cannot promise any technical training; but I will be ready to help you get what you need to know in this business. I believe in one week or two we could cover everything, but I will be there for you if you need any help that I can provide after that up to one month as well. We can communicate via email and also zoom if you prefer. I am also open to communicate via Skype as well. I will not hold any information about this business to myself.
Product photosI will give you all the product photos that I have via email and/or dropbox if you prefer.
SuppliersI have a supplier from China. I started working with them through Aliexpress at the beginning but right now I place bulk orders and they ship my order to the warehouse in the US. I will introduce them to you and will provide you with all their information that I have.
How to grow this business
Right now I am offering "Yoga Jewelry" in my store and they are quite popular. In the next step, I would add some yoga related products like yoga mats, yoga blocks, etc. Also, this business has a good potential to add some digital products like yoga courses, meditation staff, etc. Also, some subscription plans, both in digital and physical collections, could work with this business as well.
Skills to have
I believe the most important and initial thing that you should have is passion and motivation. Of course, the more skills you have the better you can run the business; but I do not have any special skills and I have been able to do the job. It is good to know the social platforms to operate better. I am not technical at all and I have been able to prepare the videos and graphics for my social posts by myself using the apps like mojo and softwares like Canva.
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.