All prices in USD
  • Avg. revenue /month
    $1,102
  • Avg. sessions /month2,792
  • Avg. profit /month
    $2,000

Business Story

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 Cleaning product innovation has come to a standstill, with outdated cleaning methods having remained the standard for many decades.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.

This business was founded: 6 months ago
Time to run this business: approximately 3 hours per week

Traffic and Performance

  • Avg. revenue /month
    $1,102
    Verified
  • Avg. sessions /month2,792Verified
  • Avg. profit /month
    $2,000
  • Profit Margin25%
  • Avg. sales /month250
Other details about profit: Profit calculated by subtracting cost of goods, advertising expenses, fulfillment expenses, and Shopify fees.
Total revenue
  • $6,611
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 16,754Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Employees
      $150
      /month
    • Domain
      $14
      /year
    • Abandon Cart App, Kartify, Recently 3, ReConvert, SMS Marketing
      $60
      /month
    • Facebook
      $3,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Logo 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 sale

      I will personally aid the client over text for a week after the purchase, helping with things such as advertising and website questions.
    • Domain

    • Product photos

      Product photos will be transferred to client's email.
    • Social media

      Total followers222subscribers
    • Suppliers

      Not Included
    • Mailing List

      554subscribers

    Seller‘s Advice

    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.

    AZ
    Albion Z.Current store owner
    I am a serial entrepreneur with a degree from the Business Honors Program at the McCombs School of Business at the University of Texas at Austin. Having many successful eCommerce stores, I know what goes into making a successful Shopify store and I would like to pass of my knowledge and creation to another in the wake of new responsibilities outside of the eCommerce world.

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