- Avg. revenue /month$8,717
- Avg. sessions /month50,113
- Avg. profit /month$7,500
Why this business was started
I decide to start the business because I loved taking on a task that could save the earth for a very little price. Replacing plastic is something I did personally and to replace an everyday item like straws is something that can change the world and empower myself as an entrepreneur.
The reason of selling this business
I have decided to sell because I cannot commit to the time needed to reaching out on social media and our abundant email list. I thought I would but I can't. I am currently working on an online newsletter that I would like to grow and it needs all of my attention. Shopify values this business at $66,000. This a complete steal for the next owner.
What's involved in running this business
Filling orders from the distributor and maintaining contact with customers and the distributor.
To fulfill orders I simply send my supplier a CSV file through Skype. I would provide you with my suppliers contact. He has a very quick turnaround time, even for the biggest of orders.
You do not have to ever ship or touch an item unless you choose to. I would reach out to influencers because that will help drive the business.
Traffic and Performance
- Avg. revenue /month$8,717Verified
- Avg. sessions /month50,113Verified
- Avg. profit /month$7,500
- Profit Margin70%
- Avg. sales /month1,521
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsI will transfer to the Shopify store, email contact list, all social media sites (Facebook, Twitter, and Instagram) and photos. I will also offer phone support to the next owner and will walk them through any question they have. I will offer this support through the completion of the sale and through the first two weeks of transfer.
Personal support after saleI will offer over the phone, email and text support to the next owner and will walk them through any question they have. I will offer unfettered support through the completion of the sale and through the first two weeks after transfer. If myself and the new owner feel they need more support beyond that I will definitely offer more support. You will be able to contact me during normal business hours and until bedtime (about 11pm) because I work at home. I want the next owner to pick up right where I left off and do even better!
Product photosI will transfer all product photos and all social media photos. I will also show the new owner how to use photos and media to capture their audience. I have tested what works and doesn't work on Instagram and I know what can get a lot of likes that can lead to sales. I have all the templates set up to drive our messaging.
How to grow this business
I believe this business has a very high ceiling in terms of where it can go. For instance, there is only one product I sell in the store, that is straws. If you focused on diversifying into other environmentally friendly products and\or bought products from the same supplier...you could really double and triple the revenue. Also focus on return customers. Right now our returning customer rate isn't high at all.
Focus on the email list. I have sent out 1 mass email but you can do way more by offering discount and other products with a cut of the profits for the an affiliate who can help sell products. The email list is over 10,000 customers.
Another huge opportunity is using social media platforms to advertise. We've made almost all of our sales through our Instagram. I'm not a Twitter person but if you are that's even more revenue.
Also I started the Facebook page but I haven't really engaged with it. I'm an Instagram person so I stick to what I know.
I would also use pinterest to drive customers. I learned that alot of people use pinterest which I didn't know before this.
Skills to have
The specific skills you will need is to know how to make an Excel file from orders which Shopify makes very easy in their store. I will definitely walk you through that. Also have a basic level of using social media. You don't have to be an expert, you just have to know how to reply and post pics. I have setup all three accounts so you won't have to do that. I will also walk you through the social media aspect. After this experience I have learned how to ship orders and reach out to billions of users on social media.
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.