- Avg. revenue /month$1,102
- Avg. sessions /month2,792
- Avg. profit /month$2,000
Why this business was started
MySiliconeGloves was started as an innovative initiative to streamline cleaning processes. Cleaning product innovation has come to a standstill, with outdated cleaning methods having remained the standard for many decades. In this way, the demand for innovative cleaning products with true value are in extreme demand. For this reason, upon the recent invention of silicone bristled gloves which drastically expedite the cleaning process, we have jumped on this opportunity to create a brand around the product which has seen great success in the past few months. Our vision has been a success. Our vision of consumers directly associating these silicone gloves with our brand and recognizing our brand as the premier provider of silicone gloves. We started this business because we knew our product was tried and true to have value and demand. Perfecting Facebook advertising audiences, we have millions of potential customers who are extremely similar to past buyers, waiting to see our top of the line creatives and make a purchase. With this predictable and unwavering demand, the only thing missing was a recognizable brand: MySiliconeGloves.
The reason of selling this business
I have recently opened up a restaurant and it is taking up too much out of my time. Unfortunately, I've had to let go of this store. I am certain that it would be extremely successful, but the timing isn't there for me. I hope whoever claims this store is able to take on my mission and dominate the silicone cleaning industry with MySiliconeGloves. While I have had great success with this store when ramping up the digital marketing, my responsibilities in opening this restaurant have been too great for me to continue juggling both. I must choose my responsibility of owning a restaurant over being an online store owner. Despite having to let go of my creation, I am sure that someone with passion for online business and a listening ear for my advice can easily and quickly turn this business into a 6/7 figure powerhouse. The market is there waiting to be exploited. With silicone bristle padded gloves on an upward trend, the domain solidifying my site as the prime store for the such, and a beautifully interfaced website, MySiliconeGloves can be extremely successful in the right hands.
What's involved in running this business
Due to high volume of orders on a day to day basis, we have a virtual agent based in Pakistan named Khan who fulfills our orders for us. Each night we send him an excel file extracted from Shopify store orders over Skype. This total process takes around 5 minutes and he completes the entire fulfillment process. For doing this, we pay him $5 a day for completing what would be an extremely taxing process. Upon purchase of the store, you will be connected with Khan who is incredible. Advertising takes up the bulk of the work. However, we have already done the brunt of the work of finding Facebook Custom/Lookalike audiences which are proven to be profitable. Upon purchasing the store, you will receive all pixel data that we have collected from tens of thousands of store visits, thousands of add to carts, and around five hundred purchases.
Traffic and Performance
- Avg. revenue /month$1,102Verified
- Avg. sessions /month2,792Verified
- Avg. profit /month$2,000
- Profit Margin25%
- Avg. sales /month250
- Shopify plan
- Abandon Cart App, Kartify, Recently 3, ReConvert, SMS Marketing
Physical inventoryNot Included
Logo and branding assetsLogo will be transferred, video ad creatives will be transferred, and top winning adsets will be transferred. This will occur over email or the client's preferred method of communication.
Personal support after saleI will personally aid the client over text for a week after the purchase, helping with things such as advertising and website questions.
Product photosProduct photos will be transferred to client's email.
How to grow this business
Over the next five years, I would first focus on advertising to successful and profitable adsets/audiences in the United States. With the profit that would come from exhausting these audiences, I would expand my operation overseas to countries such as the UK, Germany, Australia, France, and Spain. These markets are untapped as this product is a recent innovation and most of my competition stems from the United States. In tapping into these markets, I would utilize custom purchase audiences I have collected in the United States from thousands of sales, then creating purchase lookalike in other countries which should instantly be profitable. Along with this expansion, I would create a store centered around the silicone niche, with complementary products increasing the average order value on MySiliconeGloves, becoming a one-stop-shop for silicone kitchen items.
Skills to have
The new owner must have a base knowledge of Facebook advertising. While advanced skill is not needed, it is important that the buyer knows the basic interface. However, I am willing to train the buyer to run ads for a week after purchase.
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.