I wanted to create a brain supplement that was organic, non habit forming and fast acting. A lot of nootropics have some of these elements but most do not have all of them. This product and its formula has gone through a lot of testing and works well when utilized.
The reason of selling this business
I underestimated the work load required to run this business successfully. I do not have the available time this business needs to grow it to where it should be. This is a great product that works well and I don't want it to go to waste because I don't have the time to put into it.
What's involved in running this business
I generate traffic to the site through online Nootropic communities such as Facebook Groups and Reddit/Sub Reddit groups. I also have a NootriQuest Facebook Group that has over 300 members that I utilize to advertise directly to the consumers and convert the traffic into sales. I offer potential customers free samples of the product in exchange for joining the facebook group. I use Shopify email to drive email campaigns and reach out to repeat customers to gain additional orders. I also have recently created and fully optimized an Amazon listing for this product to give customers another avenue to purchase from and convert additional sales.
This business was founded:10 months ago
Time to run this business:approximately 5 hours per week
Traffic and Performance
Avg. revenue /month
$49
Verified
Avg. sessions /month149Verified
Avg. profit /month
$50
Inventory value
$25,000
Profit Margin85%
Avg. sales /month1
Other details about profit:When I was working on this product more frequently back in April I was generating sales and people were genuinely interested in the product. Since then I have not had the time to dedicate to it and therefore sales have faltered. The per unit cost of this product is roughly $13/unit and it sells for $49.99 so the profit margins are quite high and you can make some money.
Total revenue
$444
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
1,344Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Inventory warehouse
$0
/month
Domain
$20
/year
Domain/Hosting - Paid For 1 Year Already
$7
/month
Phone Number
$15
/month
Sale Includes
Physical inventory
Logo and branding assets
I will email all logo and branding assets after the sale is completed.
Personal support after sale
I will provide support and answers questions about the business and shopify for 30 days after the sale is complete.
Domain
Product photos
I will email all product photos after the sale is completed.
Social media
Total followers5,600subscribers
Suppliers
Provide details and contact information of supplier as well as reaching out to supplier prior to the sale of the business to let them know a new owner is taking over.
Mailing List
148subscribers
Seller‘s Advice
How to grow this business
I would attach yourself to Nootropic communities and utilize influencers to gain traction for the business and create hype around the product. Be active in the health and multivitamin community. Also consider bringing the product into retail locations on consignment.
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