- Avg. revenue /month$1,391
- Avg. sessions /month2,045
- Avg. profit /month$700
Why this business was started
Inspired by the likes of Elon Musk, Jeff Bezos and Jack Ma, this business was started by three friends passionate about entrepreneurship who sought real world experience around operating a business.
Currently, my partners and I are university undergrads pursuing a bachelor in business and marketing. Applying our first-hand knowledge from relevant subject modules, student internships and multiple entrepreneur workshops, we have managed to scale this e-commerce business to generate over $7,000 USD worth of revenue.
Through various research, our team at PLUSHBEAST identified untapped potential within the plushie industry due to its growing popularity during the COVID-19 pandemic. Upon spotting the rising trends, we tested our sneaker plushie product which generated outstanding conversions through our Facebook advertising. There is definitely great potential in this store to scaling up to 7 figures a year.
The reason of selling this business
As mentioned earlier, my partners and I are still studying for our degrees. We started this store in late 2020 during our holidays. However, when the 2021 school term started, we were really struggling to manage PLUSHBEAST and our studies simultaneously. Hence, after much consideration, we decided to let go of this store to someone who willing to take on this project full-time and grow it to its maximum potential because we are unable to cope with our education and other commitments.
What's involved in running this business
Fulfilling Orders (through Shopify and Oberlo) Conversing and Handling Suppliers Running Ad Campaigns Social Media Content Management and Creation Maintaining Good Customer Relations.
Traffic and Performance
- Avg. revenue /month$1,391Verified
- Avg. sessions /month2,045Verified
- Avg. profit /month$700
- Profit Margin43%
- Avg. sales /month32
- Shopify plan
- Shopify Paid Apps
- Facebook Ads
Physical inventoryNot Included
Logo and branding assetsLogo and Branding Elements are already attached in the Shopify Files and we are also willing to hand over our own independent files via WeTransfer or Google Drive Share upon request.
Personal support after saleWe will help out for 2 weeks after sale of the store and ensure the new owner gets informed updates of how we ran the store and what to look out for. We would also be available to answer any questions and to help configure certain technical settings if needed. A seamless and smooth transition will be ensured.
Product photosProduct photos are already attached in the Shopify Files and we are also willing to hand over our own independent files via WeTransfer or Google Drive Share upon request. We have at least 5 custom video creatives that we outsourced from professional video-makers online, as well as dozens of high quality custom product photos that are part of the offer.
SuppliersWe have maintained a very good relationship with our supplier, prompt replies are ensured and he will always do his best when doing business with us so far. We will inform our supplier upon handover of the store for interested buyers and update him on the contact information of the new owner once PLUSHBEAST has been handed over. He has already been notified that we are selling our store due to the aforementioned reasons and is keen to work with the new owner.
How to grow this business
Various opportunities can be seized upon moving forward. One of those would be expanding into new shoe designs and recent releases since the possibilities would be almost endless. Hype sneakers from renowned celebrities like Kanye West and Travi$ scott are highly sought after in the sneaker industry, providing great opportunities for sales if executed timely.
Subsequently, the next owner could consider holding inventory in the US or UK to decrease lead time, leading to more satisfied customers and hence more sales.
Skills to have
Owner should know the basics of Facebook marketing (assuming Facebook would be the primary marketing medium). Other aspects such as graphic design, store design, custom product/videos, and social media accounts are all covered in our store sale.
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.