My partner and I have a passion for fashion. We saw a space in the market for affordable clothing and accessories and decided to give it a go. We already had another store at the time so this was merely a store to test different styles and designs. We put majority of our focus on our other store, however, in the months when we put emphasis on this store we were able to turnover €16,341 and €18,699 in October and November of 2018, respectively.
The reason of selling this business
We are currently managing and growing 2 other stores as well as working on other projects which unfortunately has left us with no time to further progress Miss Maliboo.
What's involved in running this business
Marketing - we use mainly our Instagram account as well as Instagram "influencers" to gain traffic to the website. We have no made much use of Facebook marketing, however we do retargeting via Facebook.
Fulfilling - all orders are stocked and fulfilled via Oberlo - an extremely intuitive and easy system to operate. We hold no stock as we drop ship all products.
Website Maintenance - there is little maintenance required on the website, apart from when you want to advertise certain sales or display offers. The website, collections, and products have all been set up well in order to make the ordering process for customers simple. Tracking information is sent automatically to customers
This business was founded:over 2 years ago
Time to run this business:approximately 10 hours per week
Traffic and Performance
Avg. revenue /month
$2,585
Verified
Avg. sessions /month6,138Verified
Avg. profit /month
$2,500
Profit Margin70%
Avg. sales /month110
Other details about profit:Our profit margin is high as we use influencer marketing which allows us to charge premium prices.
Total revenue
$82,728
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
196,437Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$55
/year
Oberlo, location based currency convertor, abandonment cart email
$49
/month
Instagram marketing
$1,000
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
We can provide our "MM" and "MISS MALIBOO" logos in black and white.
Personal support after sale
We have an abundance of knowledge in Instagram Influencer marketing as we currently manage more than 15,000,000 Instagram followers across various pages that we own. We would be happy to share information with the buyer with regards to how they can best utilise Instagram marketing. We are also happy to organise calls to walk through products and how we would go about marketing them in order to achieve our sales. We will offer a total of 5 hour Skype calls.
Domain
Product photos
Not Included
Social media
Total followers54,000subscribers
Suppliers
Not Included
Mailing List
Not Included
Seller‘s Advice
How to grow this business
Miss Maliboo offers great growth potential with its excellent branding possibilities. The Instagram account will be included in the sale and currently has 54,000 followers.
Over the next 5 years we would continue to search and find on trend accessories and clothing which would allow Miss Mailboo to continue its excellent growth into the future. We would continue utilise Instagram influencer marketing as we have found it to be the main driver of traffic for our business.
Skills to have
Although previous experience with running an online store or website would be beneficial it would by no means be necessary. We have already set up the store and have been running it for 2 years so only basic work would need to be carried out. Everything we know was learned through running our Shopify stores so we did not have previous website experience. The Shopify support network is amazing too with very helpful tutorials.
A basic understanding of Facebook and Instagram marketing would be beneficial to prospective buyers. If you have the right marketing skills you would be able to do extremely well with this store, however we too started with very little marketing skill so don’t think it is essential.
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Sam Y.Current store owner
Final year university student with a passion for entrepreneurship. Currently running other stores and have multiple business projects ongoing.
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