All prices in USD
  • Avg. revenue /month
    $380
  • Avg. sessions /month597
  • Avg. profit /month
    $180

Business Story

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.

This business was founded: over 2 years ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $380
    Verified
  • Avg. sessions /month597Verified
  • Avg. profit /month
    $180
  • Profit Margin30%
  • Avg. sales /month7
Other details about profit: The profit depends on how the new owner wants to price as well as how much additional paid advertising they want to do. Our vendors charge us wholesale rates which average between 25% to 50% off the retail prices. We build the free shipping into our prices. The new owner can adjust these prices as they wish.
Total revenue
  • $10,267
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 16,124Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Employees
      $1
      /month
    • Domain
      $5
      /year

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      We 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 sale

      Yes of course! We can work via email, text, phone calls until the new owner is comfortable.
    • Domain

    • Product photos

      All photos on the website and on social media would be included in the sale.
    • Social media

      Total followers17,202subscribers
    • Suppliers

    • Mailing List

      347subscribers

    Seller‘s Advice

    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.

    Share

    KA
    Katie A.Current store owner
    I am Katie, and I own King George Shop with my sister, Julie. We have truly enjoyed working on this business together. Our skill sets are different yet have proven to compliment each other really well. This business can be run by one person, but it's been great fun to have our team of two.

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