I was very annoyed that study books were always so expensive while you only use them for one course. Second-hand books are typcally still 80% of new price. Most students therefore (illegaly) download PDFs of the books and learn from that, or only use course slides. However, looking at a PC screen for a long time gives you bad eyes. That is why I now have glasses. Thus, I did a survey among 300 University of Technology Eindhoven students and 80% would wawnt to use cheap study books to rent if that was available.
The reason of selling this business
I am almost finished with my studies and got a full-time job. This job will approximately take 60-80 hours, thus I cannot really do anything besides it. In addition, I would like to focus 100% on my new job to make it a very big succes.
What's involved in running this business
All typical things for running a webshop, such as fulfilling orders, running advertising campaigns (online & offline), reaching out to customers & potential partners, customer support, site improvements, and social media. Besides, I also created some blogs to have more engagements on the side.
This business was founded:over 1 year ago
Time to run this business:approximately 10 hours per week
Traffic and Performance
Avg. revenue /month
$38
Verified
Avg. sessions /month245Verified
Avg. profit /month
$1
Profit Margin1%
Avg. sales /month4
Other details about profit:The profit is minimal since the webshop was still in the very early stages.
When
Total revenue
$606
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
3,930Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$33
/year
Multi Lingo & Custom Contact Forms - Smart Contact Form builder
$12
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
A5 flyer design
Multiple poster designs (A1 & A3)
Logo (in png, favicon, PSD, EPS)
A8 sticker (PDF & PSD)
Round sticker (PDF & PSD)
Chalk mall
Social media cover photos, banner images, all images from site & facebook
Explainer video
They will be transfered via WeTransfer and are included with the store.
Personal support after sale
I can provide you with initial support in the first month after sales to fine-tune the webiste to your new purpose. I can do this via google hangouts by going over your questions together, or via e-mail. What you prefer.
Domain
Product photos
All product photos made (without 'wanted') will be transfered via WeTransfer. They are included with the store.
Social media
Total followers49subscribers
Suppliers
Not Included
Mailing List
99subscribers
Seller‘s Advice
How to grow this business
My business plan was as follows: I entered the University of Eindhoven as beachhead market. I wanted to reach a market size of 15-20% here before I would copy-paste my business model to the next university/city. The concept is non-location bound which makes it scalable.
The market size can be reached fairly quickly by partnering up with key players in the market (for universities these are student affairs/student desk, university teams, green offices, study associations).
My previous plan just came of the ground. I had a deal with the Go Green Office to hold events every quarter with them inj the ground floor of the main building. I saw that these kind of events created a lot of traction.
I would suggest to focus on partnerships with key players from the start. It definetly helps you to build presence in the student lives!
However, the business/site can also be used for other purposes fairly quickly.
Skills to have
You should have a business sense and entrepreneurial spirit, just like all other businesses. If you want to go for students as target market, then it is nice if you are also located in that city because it makes it easier to understand your market & partnering up with key players.
I did the design of almost everthing myself. So have a sense of designing is good to have, otherwise it could cost you a fair bit.
Share
Hm
Hessel m.Current store owner
I am an entrepreneurial university student who likes to do new things. I am from Eindhoven, the Netherlands.
My studies:
BSc Industrial Engineering Management
MSc Innovation Management (University of Technology Eindhoven)
MSc Strategic Management: Consultancy (Tilburg University)
I am almost finished with my 2 master studies.
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