All prices in USD
  • Avg. revenue /month
    $1,017
  • Avg. sessions /month9,357
  • Avg. profit /month
    $10
  • Inventory value
    $8,100

Business Story

Why this business was started

I wanted to find unique ribbons for my daughter's hair when she was little. It was hard to find different ribbons for different occasions. I am not a very crafty person so it was very interesting to discover all of the different uses for various ribbons. I started adding wired ribbons and wider ribbons for crafters and wreath makers. It has been a very fun experience. I wanted a side job that I could run from my home.

The reason of selling this business

My daughter is too old for bows and hair ribbons now and I am a full time rancher. With my daughter being involved with various activities and my being very busy in the ranch, I simply do not have the time to keep the business growing.

What's involved in running this business

Customer service is one of the main points. Individuals will email with specific needs and you must be willing to help the best you can. I have searched for specific ribbons for people as well. Prepping and shipping quickly is a must. You need to know basic advertising skills with Google and Bing. I have the store set up in Facebook and Instagram as well. You must be able to keep your inventory up and find new items too.

This business was founded: over 7 years ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $1,017
    Verified
  • Avg. sessions /month9,357Verified
  • Avg. profit /month
    $10
  • Inventory value
    $8,100
  • Profit Margin1%
  • Avg. sales /month45
Other details about profit: The business has paid for itself. I have not put in the time to make the business generate more revenue. I also do not sell locally. I believe the business could grow with local customers too. There is also big expansion possible through Facebook and Instagram. The shipping expenses are an average. More sales equals more shipping costs. However, customers do pay for the shipping upon purchase. With the shipping discount through Shopify, shipping products are covered. Products are marked up 50% over cost.
Last 7 years revenue
  • $91,557
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Last 7 years traffic
  • 842,140Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $1
      /month
    • Domain
      $14
      /year
    • Google, Bing, Reviews, Product add ons, Site map
      $22
      /month
    • Google and Bing
      $225
      /month
    • Shipping
      $200
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      I have the digital images for the logo. There are 12 different variations of the logo, colors and layout. They are JPG files and will be sent via email.

    • Personal support after sale

      I can assist with a transition for two months. I would be available to answer any questions via phone calls and emails, help with changing over accounts, showing how I package and ship items, etc. I will offer one month assistance with returns/refunds and chargebacks. The store has a 30 day return policy.

    • Domain

    • Product photos

      These are all on my computer. They would need to be sent via a USB. That device would be mailed. Other options may be available upon buyer request.

    • Social media

      Total followers1,457subscribers

    • Suppliers

      I will provide a list of current suppliers via email.

    • Mailing List

      1,954subscribers

    Seller‘s Advice

    How to grow this business

    I would expand the store with more and better advertising. Utilize Facebook and Instagram. These advertising options have not been used to their potential. I have never sold locally. A point of sale option could expand the business as well. Possibly finding some new products to add to the site keeping it fresh and new.

    Skills to have

    You need to be able to measure yardage. Customers do not want to be shorted when purchasing ribbons. Customer service is a must. Be able to respond to emails in a timely manner. Shipping needs to be speedy as well.

    MS
    Mary S.Current store owner
    I am a full time rancher. I started the business when my daughter was little. I wanted something I could do from home. With some life changes that have happened, I just do not have the time to put into the business to make it grow.

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