- Avg. revenue /month$6,588
- Avg. sessions /month6,851
- Avg. profit /month$1,600
- Inventory value$2,000
Why this business was started
This business was started as an endeavour to become self-employed and took months of painstaking work, involving cataloguing of products, establishing communications with suppliers and warehouse agents to ensure a smooth journey.
Starting out with Drop-shipping allowed me to earn a decent amount of money while being independent from any jobs or bosses. After the store started out to be profitable i switched to ship in bulk to a US warehouse and brand my product with a logo.
I love the idea of being able to work anywhere i want, to be able to generate money during sleep, seeing all the order notifications in the morning when I wake up.
The reason of selling this business
I am ready to leave this in the hands of someone who is either experienced or non-experienced (will provide support for 2 weeks after take-over). I am moving on to a new business, will have less time and no longer need this business to supplement my income.
What's involved in running this business
You will have to handle daily inquiries via Facebook, Instagram and Email. The amount of inquiries depend on the current FB Ad-Spend and aggressiveness of the Ads. Also, dealing with customer service logistic issues. Since switching to a reliable US warehouse, the amount of inquiries has reduced a lot, while the sales increased with FB Ads targeted just to the US. There is potential in expanding to different advertising channels like most importantly Google Ads. And of course the communication with the Chinese supplier and the US warehouse to not run out of inventory.
It is important to outsource the customer service tasks, to be able to focus on the important stuff like running the Ad Campaigns which provide the profit and building and improving the Social Media Channels to generate organic traffic.
I will prepare for the take-over of my LLC via MyCompanyWorks, FB/IG channels, Shopify Store including Apps, warehouse (Shipbob) and domain.
Traffic and Performance
- Avg. revenue /month$6,588Verified
- Avg. sessions /month6,851Verified
- Avg. profit /month$1,600
- Inventory value$2,000
- Profit Margin25%
- Avg. sales /month200
- Shopify plan
- Inventory warehouse
- Apps (Reviews, Pricing, ...)
- Facebook (Depending on Budget)
- Fulfilment (Depending on Sales)
Logo and branding assetsAll logos and branding assets will be transferred through cloud-services.
Personal support after saleI will provide guidance on how to run the business, including managing the supplier and warehouse, fulfilment and following up with customers for a period of up to 2 weeks after the hand-over.
Product photosAll product photos in high resolution, watermarked & raw will be transferred through cloud-services.
SuppliersSuppliers source and warehouse relationship to keep up the inventory.
Mailing ListNot Included
How to grow this business
- Hiring VA for customer service tasks.
- Compression gloves are already branded and custom packaged, expanding the product line to different compression clothing which is also in demand.
- Expanding to different marketing channels (Google Ads, ...).
- More custom content on website and social media.
Skills to have
Basics of running a Shopify store, knowledge in Facebook ads, being in touch with the supplier in China and the US warehouse, predicting the volume of orders and preparing content for ads & organic posts on IG & FB.
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.