- Avg. revenue /month$14,667
- Avg. sessions /month24,990
- Avg. profit /month$5,200
- Inventory value$1
Why this business was started
Karisland.com is 2 years old. It was built from scratch to provide a platform filled with fashion clothes and accessories specifically trendy fashion. Since it's creation it has undergone a few changes to attract the most traffic and fulfill the needs of its target audience. Improving the site’s image by trying different themes, establishing a professional website design, adding new products, implementing SEO strategies, improving site speed and image quality, as well as creating custom packaging with drop ship delivery to customers.
The reason of selling this business
Reason for selling of business is due to personal Covid19 health concerns. These health issues began since Nov. 2020 and need to make changes to current lifestyle. The management of daily operations has been non existent. Currently operating by VA help only. Currently daily operations do not have the same attention and effort to make Karisland the success it was doing that long ago. Someone with the time and effort can bring back this business to levels it will doing just as recently in October 2020.
What's involved in running this business
To maintain the website, the owner needs to:
Pay invoices from supplier Communicate with Virtual Assistants, supervising and checking in on them Make payments to Virtual Assistants every Friday (through Paypal) Owner spends around 40 minutes per day. Also 1 hour every Friday to manage more detailed tasks with VA.
The new owner doesn’t need to have any speciality knowledge, as the orders are fulfilled through an app which is hosted on the Shopify platform.
Virtual Assistant’s (sales team) tasks:
Recruit and communicate with brand ambassadors (current total of brand ambassadors 500+)
VA Tasks: Answer customer messages on social media Email subscribers (Abandonment Flow, Welcome Series Flow, Thank you Flow and Browse Abandonment Flow are already set in place) Update different discounts and special offers Check in with supplier via Skype or WeChat
The VA’S are people reaching out to ambassadors on instagram. They are provided with full training in a pdf file. They earn commission on each sale they bring. There is no upfront cost. Payment is done every Friday via PayPal or bank transfer. We are also connected with the va’s on a platform called WhatsUp really easy to use.
Traffic and Performance
- Avg. revenue /month$14,667Verified
- Avg. sessions /month24,990Verified
- Avg. profit /month$5,200
- Inventory value$1
- Profit Margin35%
- Avg. sales /month246
- Shopify plan
- Inventory warehouse
- paid apps
- commission for VA
Logo and branding assetsThe logo, domain name, facebook, and instagram account. Transfer will be completed by shopify transfer and for instagram provide login and password information. The site is hosted on Shopify. These can be easily handed over to the buyer of the site without needing to transfer the site to a new server. Some shopify apps have been downloaded and added to optimize our website and increase conversion rates.
Personal support after salePersonal support after sale will be fulfill all open orders, handling all chargeback and refund requests from prior sales. Transfer of domain, facebook pages, and main instagram account.
Product photosThe site is hosted on Shopify. These can be easily handed over to the buyer of the site without needing to transfer the site to a new server. Some shopify apps have been downloaded and added to optimize our website and increase conversion rates.
SuppliersWill provide main supplier information and make an introduction. Orders are automated through an app directly to vendor. You can add and remove vendors with apps and sell products from any preferred vendor.
How to grow this business
There is huge potential in working with even more brand ambassadors and influencers. The affiliate program with virtual assistants creates a passive revenue stream, if more VAs are appointed the revenue can grow even further.
Here are a few other suggestions that can further improve the site’s operations, traffic and profitability:
Tap into other social media streams (Facebook and Pinterest) Capitalize more on email marketing Follow fashion trends to promote trendy products Add informative SEO rich content about fashion Expand the affiliate program of VAs to increase sales and traffic
The site offers constant discounts and sales to engage customers. Some special offers are listed on product pages as well as logical upsells on accessories upon checkout.
Skills to have
Digital marketing knowledge such as FB, Instagram, Youtube, and working with influencers skills would be helpful.
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.