- Avg. revenue /month$380
- Avg. sessions /month597
- Avg. profit /month$180
Why this business was started
We were inspired by our grandfathers business growing up and always wanted to work together but lived far apart. The drop-shipping format was the perfect way to work together, and work from home while bringing beautiful, handmade artisan jewelry and other accessories in front of new audiences. We have successfully established ourselves across multiple social media platforms and are bringing daily traffic to our website from it. We are so proud of the products we have found that are almost exclusively hand made in the US by local artists and designers. We find this is important to consumers who are looking for high quality, boutique like items.
The reason of selling this business
Our schedules have changed over the last two years since developing our business plans and we no longer have the time to keep up with finding new designers and adding new products at the level we have been. We have already done much of the work for you because our current designers are continually adding new designs to their portfolios. We find that we can update new products mostly with our current artists and only need to find new ones from time to time. We like to look in brick and mortar boutiques, Etsy and Instagram for new artists when we feel its time to add.
What's involved in running this business
Social media marketing/posting, finding new designers and adding products, email marketing (with the easy app we use), blogging and processing orders (via email). We do virtually everything with our phones. You can make this business as simple or detailed as you want it to be. The more you blog and communicate, the better the engagement on the site. We have also enjoyed collaborating with photographers who are looking to grow their businesses. They often come to us offering to take pictures for free! We all know how important great pictures are for social media.
Traffic and Performance
- Avg. revenue /month$380Verified
- Avg. sessions /month597Verified
- Avg. profit /month$180
- Profit Margin30%
- Avg. sales /month7
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsWe can send all logo files to new owner. We have business cards and printed coupons for mailings that can be mailed as well. The beauty of this business is that you don't need much more than your phone or computer to run it.
Personal support after saleYes of course! We can work via email, text, phone calls until the new owner is comfortable.
Product photosAll photos on the website and on social media would be included in the sale.
How to grow this business
We have done very little in the way of paid advertising and so we see a lot of room for opportunity in that area. Our pinterest page gets 56k view per months and is often pinned. This is another area that can be developed quite a bit. We also would get our products onto Amazon Marketplace, continue collaborating with influencers and grow our handbag collection, because our bags sell pretty easily and the profit margins are good. This would be the direction we would move in.
Skills to have
To own any online business, one must have a working knowledge of social media and basic tech skills so that you can upload pics and products with ease. If you are a creative mind with lots of ideas on how to reach people and attract attention to your products, the sky is the limit with ways to engage and advertise. I would also say that shopify is a huge source of support and guidance and would highly recommend this platform.
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.