- Avg. revenue /month$9
- Avg. sessions /month77
- Avg. profit /month$10
- Inventory value$20
Why this business was started
After being highly successful on eBay, expanding the business on a more brick and mortar approach, along with an online store to establish a more authentic level with extra brand recognition in the physical local area, yet still have an international reach of those customers who have successfully migrated with the store over from the original e-commerce platform, allowing more personalisation with added customer efficiency on the new website and business approach.
The reason of selling this business
The business needs more investment, which I cannot currently grant, given the timing in which the business is finding itself, and also a more marketing-orientated mindset, rather than just a e-commerce "add as many products as you can" mindset. I have ideas to continue this going forward, but no coding knowledge in which to achieve them.
What's involved in running this business
Filling out customer orders is currently a manual process - as warehouses of my products are currently located in both the UK and the US.
Monody is a dropshipping vitamin and supplement website and accompanying Facebook page, Facebook shop, and Instagram account. All products come from reliable vendors. This website was created to have a unique black and gold, royal feel, while giving customers honest advice from professionals. We chose against having online ads, as it could dissuade customers from the encompassed experience.
As supplements are a technological advance on traditional herbal remedies, education of the customer as to why they should buy from us was key. Demographics of the example person are also available upon request.
I am selling the store because it needs more advertising money behind it to start of with a website, and gain a reputation.
Why should someone buy this store?
With a wide market, one of the top 10 highest markup products available, and expansion available very quickly in over 88 countries worldwide. The supplement market is expected to grow to $278 billion dollars by 2024 - and already with a headstart into the field, big margins are to be made.
How can the future owner improve the business?
With bigger advertising budgets, this company can grow in every aspect on every continent. On social media, a reputation can be second to none, and a easy way to grow for free is to utilize these. Vendors also offer bulk buying straight from the factory so local shops can possibly be set up, making your competitive edge be seen to a wider audience.
What work have you put into the store?
Created it from scratch, adding all colours, products, pages, policies, technical details etc. Basically, everything you see on the store has been made by myself.
Traffic and Performance
- Avg. revenue /month$9Verified
- Avg. sessions /month77Verified
- Avg. profit /month$10
- Inventory value$20
- Profit Margin20%
- Avg. sales /month125
- Shopify plan
- Inventory warehouse
Logo and branding assetsLogo with delivery sticker and "capsule". Transfer on your choice of media/encryption. Business plan included.
Personal support after saleProvide support of csv product file importing, product adding, order simulations, point of sale requests, Facebook/Instagram ads manager help, the basics on how to run the website, supplier integration help, and general tips along the way. I will be available for help up to the six months from sale, from email and direct messaging help.
Product photosAll product photos without white backgrounds. (.png/.jpg)
SuppliersSupplier relationships are very tight. Although I can't provide my own account to work from, support to create an account, and possibl migrate orders etc will be made.
How to grow this business
Using technology, advertising the business properly will make sure that you outrun the competition. Local advertising can also help because it can target audiences easier. Brand assurance is essential.
Skills to have
The owner needs no supplemental knowledge prior to the purchase as this will be gained "on the job" basic IT skills and Google Ads/Excel work will benefit.
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.