- Avg. revenue /month$8,265
- Avg. sessions /month42,972
- Avg. profit /month$750
Why this business was started
I've always listened to people talking about their promotion at work how they'll be making $100 more now. This got to me how people really don't seem to have any real ambitions. I first started another store which wasn't very succesful, after that store came GamingNeeds. It was an industry I had some knowledge about and knew what people would like. Eventually it started growing. In the 2 years GamingNeeds exists I've built up a large influencer net of around 19 influencers (mostly consisting of Meme channels with around 100k-2 million views on average) willing to advertise for some amazing rates going a lot lower than most Facebook ads.
The reason of selling this business
I've also got my university to worry about, It's taking up a lot of time. without this time I can't grow GamingNeeds further. I had to make a decision between University and GamingNeeds, and chose the first.
What's involved in running this business
The main focus is on managing the 3 employees currently maintaining the store. Their tasks include customer service, Product management and supplier management. Operations like starting new promotions, managing ads or reaching out to influencers are not yet automated.
Traffic and Performance
- Avg. revenue /month$8,265Verified
- Avg. sessions /month42,972Verified
- Avg. profit /month$750
- Profit Margin12%
- Avg. sales /month180
- Shopify plan
- Judge.me, Oberlo, Klaviyo, Wishlist King, Product Personalizer, Product filter and search, Gsuite, Front
- Influencers, Facebook, Google, Affiliates, Reddit
- An Adobe Premiere subscription is advised for advertising
Physical inventoryNot Included
Logo and branding assetsAll photographs, Logos and advertisements are stored on a seperate hard drive. These will be transferred to the new owner in a way of his choosing. Email, Google drive, etc...
Personal support after saleI'll provide a full walkthrough of all steps to be undertaken to continue growing the store and assist the buyer for up to a month. All possible problems that come with an online store will also be discussed.
Product photosJust like the Logos and ads, edited product pictures are stored on that hard drive.
How to grow this business
To start growing, the current Facebook and Google ads can be expanded. The Youtube sponsorship reach-out can be broadened, and possibly made more ROI friendly with an affiliate program. After this, more employees will need to be hired to ensure an even workload (currently 3).
Skills to have
A basic knowledge of Shopify, the concept of dropshipping and experience with Facebook/Google ads can be useful, but not mandatory as I will transfer my own knowledge and experience about the store operations in the month after the sale.
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.