- Avg. revenue /month$35,234
- Avg. sessions /month28,497
- Avg. profit /month$8,116
Why this business was started
There is a massive gap in the market for tooth cleaners which are affordable for the every day person to use. Dentist prices run into the hundreds and are just not accessible for most people. The cleaner does an excellent job of filling that gap. Also during the global pandemic most dentists are shut and so customers can’t go and get their teeth cleaned. Therefore the product has been extremely popular and continues to be.
The reason of selling this business
Despite the fact that this product is selling extremely well, I have other personal responsibilities which have come up for me over the last couple of months and do not have the time I would like into this anymore.
What's involved in running this business
The main tasks are -
Social media advertising - main area of revenue generation Customer service - fulfilling orders and dealing with customer questions Liaising with supplier - who is an extremely good and trust worthy supplier - to buy products
Tasks which are not daily but are important - Brand development - continuous improvement of branding and upgrading the site
Traffic and Performance
- Avg. revenue /month$35,234Verified
- Avg. sessions /month28,497Verified
- Avg. profit /month$8,116
- Profit Margin23%
- Avg. sales /month875
- Shopify plan
- Email marketing, social proofing and sales generators
- Social media (this depends on your budget)
Physical inventoryNot Included
Logo and branding assetsI will provide everything that is on the site and that I have which is Future Smile branding via whatever transfer is best for the new owner.
Personal support after saleI am happy to provide personal support for up to 30 days. I have the time to train the new owners on all of the different aspects of running and growing the business.
Product photosI will provide everything that is on the site and that I have which is Future Smile branding via whatever transfer is best for the new owner.
SuppliersI can't stress the importance of finding a good supplier for these e-commerce shops. I have an extremely good supplier for the products in China who speaks fluent english and is very personable. The supplier will also source other products for you if you find them elsewhere. I have tested many suppliers but this one is by far the best.
How to grow this business
I would split the next 5 years into short term (within a month), medium term (within 12 months) and longer term ( within 5 years).
Short term - Bring in a Virtual Assistant in order to manage the back office customer service and orders system. These are very easy to pick-up on Fiver and would free the owner up to focus on the strategic operations of the business.
Medium term - Introduce a subscription service for products in order to generate contractual return from customers. This is a potentially very lucrative avenue to pursue as it requires very minimal advertising outlays.
Utilise influencer marketing as well as the current facebook marketing.
Longer term - Keep the products fresh and innovative - continue to look for new products in the market along the same lines as the current product and new up-sell products in order to build on the current catalogue.
Bring products into the biggest selling countries and build fulfilment warehouses in order to offer next day delivery.
Build a very solid brand image and social media presence with the aim of scaling the company to something like Hi Smile.
Skills to have
The new owner would not need any specific skills other than a passion for selling products through an e-commerce platform in order to make money.
Everything can be learned on the job and I would suggest any owner look to outsource areas they do not feel comfortable with - so they can concentrate on managing the overall business. Outsourcing is very simple to do with Fiver.
Skills that are useful are - Social media market - facebook and instagram marketing experience Dealing with customer service - emailing customers Some concept of branding - in order to keep the text and images fresh for the store.
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.