- Avg. revenue /month$93
- Avg. sessions /month510
- Avg. profit /month$72
- Inventory value$500
Why this business was started
My business partner who runs [REDACTED] with me saw this as an opportunity. He created most of the properties and I allowed him to invest. We spent around $5,000 on the website, marketing and inventory and a couple months of work.
The reason of selling this business
We broke even and the business can run with a really simple model on a break even basis. With more work on social media, forums, affiliate marketing and brand ambassadors, this could be something big. But I don't have the time or interest to do all of that, and he doesn't either.
What's involved in running this business
Currently, 2 google ad campaigns and 2 facebook campaigns. Some simple remarketing and prospecting. But I would suggest going with a more social media centric approach.
The ad campaigns are setup to optimize, so google and facebook does the work. There is a huge variation of ad copy, so facebook and google will rotate as they see best. This would take maybe 1 hour to review per month.
You would need to manage inventory. This involves ordering about 50 pieces from the supplier and having it shipped to a fulfilment company. There are plenty integrated with shopify that are easy to use.
Depending on the growth you'd like to see, will determine how much time you put into social media efforts. As it stands there's no more then 2 hours a month required. But it's also not making money, and our ads are not running. So you can switch the ads on if you'd like or take a different approach.
You're essentially buying the digital assets, inventory, and a little bit of proof of concept in the revenue numbers. This business potential was barely explored because it's not something I can focus on.
Traffic and Performance
- Avg. revenue /month$93Verified
- Avg. sessions /month510Verified
- Avg. profit /month$72
- Inventory value$500
- Profit Margin70%
- Avg. sales /month10
- Shopify plan
- Inventory warehouse
- Warehouse fees
Logo and branding assetsWe will transfer it via Google Drive
Personal support after saleWe will provide supplier setup, so you can confidently order to whichever warehouse you please. This will last for 3 months to ensure a smooth transition. We can setup one initial phone call for 2 hours, and a follow up each month thereafter for the 3 month duration. I can provide marketing advice to you or whatever you need during this time. I will also be available via email once per day for the first month.
Product photosWe will transfer it via Google Drive
SuppliersVery simple relationship. It will be an easy email introduction.
Mailing ListNot Included
How to grow this business
I would focus on social media. Affiliate marketing, review sites, forums.
Skills to have
Digital marketing Social Media Skills
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.