- Avg. revenue /month$7,106
- Avg. sessions /month6,675
- Avg. profit /month$2,640
Why this business was started
I have been working with online ventures since I can not remember anymore, and as I have already mentioned above, I found an interesting niche and a good supplier to work with, so I took the opportunity and launched my store through Shopify.
The reason of selling this business
Having spent 5 years in this business, I think now it's the time to step down and work with other passions that I do have. Through, that this is not an easy decision for me, I feel inside that this the right choice to be made at this point of my life.
What's involved in running this business
Having spent this much time in this business means that you are getting everything already in place. It means that you will start making money as soon as day one otherwise there are a couple of things that we do daily to fulfill our orders. I spent on average 1-2 per day on the shop, but of course you may put your own hours to it. As we have already stated we work with only one supplier in China, which has proven to be a very good partnership. The supplier handle for us all product images (mockups) based on my own guidelines.
For all orders of a day, i sent the supplier an email the following day containing an excel with order details and they handle everything for me and of course they ship my orders directly to the customer.
Regarding marketing, i only do Facebook ads, that's how i receive the majority of the traffic and somehow I'm satisfied with the results.
Regarding customer support, we do not receive to much emails per day, and we do also provide live help through our chat widget on our website, but pretty much i think the website it's very good so the majority of our customers do not have issues completing the checkout. As i have already stated, we are seeing very good conversion rates on our store recently (around 3%).
Also, there is a very good potential to work with newsletters, but i have not deal with this topic much. We have around 3,000 subscribers which we can send promotional offers.
Traffic and Performance
- Avg. revenue /month$7,106Verified
- Avg. sessions /month6,675Verified
- Avg. profit /month$2,640
- Profit Margin37%
- Avg. sales /month100
- Shopify plan
- Klaviyo, WinBackSms, Recert, Loox
- Product costs, Transactions fees, Other one-time expenses like new theme, work for banners, etc
Physical inventoryNot Included
Logo and branding assetsAs we have alrady mentioned above, we have just made a new major redeisign to our website and everything is ready for you to start working with it. Also, we have our own unique logo and unique banners to be used for site or for advertisting purposes.
Personal support after saleWe will make sure that the store is perfectly running for you and also transfer our partnership with our trusted supplier. Our goal is that you have everything under your control. Regarding any refunds or chargeback, of course if they have happen during when we have owned our store, we will handle that for you. Regarding the support period, we think 3 months are more than enough for you to ask for assistance, the important thing is that you successfully handle your store and we will make sure that every aspect of the store is working as you expected. Regarding the support method, there is no problem for us, you may use Skype to contact or email, whatever method works best for you.
Product photosWe have something like 1000 products and all have great high quality photos, which the new owner will have access to all of them.
SuppliersThis is one of the biggest advantage that you will get along with the store. We have just one parternship, since the beginning of our store, because as you know, Dropshiping its not that good and easy business to handle, but with our supplier we are more than satisfied. They have 4 factories in China and of course they can handle any type of product that you may want to add in your store in the future.
How to grow this business
I think the store’s niche is very good (Gothic clothes, accessories, etc) and even that it sounds like a small niche, I believe it has a wide market range, with almost all our customers being from the USA and other developed countries. In fact, we have just released recently a major website redesign and everything is running perfectly, so you don’t have to do anything regarding this aspect and in fact, we are seeing some crazy conversion rates (~3% for the previous week), which suggests the store design and implementation it’s very good. So all that is left, is working with marketing and ads. In fact, even Newsletters have great potential, but I didn’t have the opportunity to work with them (we have 3,000 subscribers). Also, we have the following number for our social accounts:
- Facebook fan page (~30k followers)
- Instagram fan page (~3.5k followers)
- Facebook group (~4k members)
Skills to have
To run this business like of course the majority of e-commerce business, you have to know the general e-commerce information which we have listed below: * How shipping works and how it's calculated. * Write product descriptions that sell. * Social media knowledge it's a big advantage as well. * General business knowledge, e.g. to calculate profits/loss
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.