- Avg. revenue /month$17
- Avg. sessions /month67
- Avg. profit /month$1
Why this business was started
I started this brand because I am a huge fan of custom and personalized products and I know that most customization options on the market are not very affordable. I love having my name or my initials stamped, embroidered, or printed on clothing and accessories that I own. In the current fashion market, customizations such as name embroidery is only provided for free at luxury stores such as Louis Vuitton or at moderate to high prices via third party services. Rather than paying $30+ for a seamstress or tailor to customize my products, I decided to create my own brand where the custom letters would already be on the product, and the products would be at an affordable price to reach the masses. I also know that the "personalized products" niche is quite large and prominent among e-commerce stores. People love gifting or buying stuff that makes them or their loved ones feel extra special.
The reason of selling this business
I am selling this business because I can no longer allocate the necessary time that this business deserves and requires to flourish.
What's involved in running this business
Running this business involves answering emails, questions, fulfilling orders, and running advertisement campaigns. Fulfilling orders should be relatively simple, we have an excellent supplier. When a customer orders a product, simply view the payment to make sure it went through and then login to the supplier store through their Shopify app and "fulfill the order".
Your skills should include - basic photoshop or photo editing skills - Facebook marketing and CPM/CPC knowledge - strong written and communication skills
Traffic and Performance
- Avg. revenue /month$17Verified
- Avg. sessions /month67Verified
- Avg. profit /month$1
- Profit Margin1%
- Avg. sales /month1
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsI will upload a google drive folder with all original HD files and graphics. This includes various versions of the RCA logo and the crown design with each letter inside.
Personal support after saleI will be available for 30 days after the sale of the website for emails, calls, or video chats to help answer any questions you may have. I can also provide a Zoom/Skype call to show you how to design products through our supplier's online portal, and sync them with your store.
Product photosThe product photos are mockups generated by our supplier, KinCustom. You can download them by accessing the product images and clicking the download icon near the top. These photos are included with the store.
SuppliersSupplier is KinCustom - they make the full product with custom tags, custom bag, and custom box (with our logo printed on it) and ship it out to customer. I prefer DHL shipping which costs $6.99 --> it its tracked and delivered within 10 days to customer
Mailing ListNot Included
How to grow this business
I have spent very little on marketing this product (both time and money). Over the next five years, the store should focus on building an online presence and general brand awareness. Also spending money on Facebook and Snapchat ads would likely drive traffic to the website and increase conversions.
To reach profitability, I would suggest the following; When we were doing Facebook marketing, our cost per click was about $0.54. This means that to get 1000 clicks, one would need to spend $540. Assuming the advertisement is able to generate a 2% conversion rate, this would result in 20 purchases of $99 each. This would result in a net gain of approximately $600 (Revenue of $1980 minus the cost of goods ($800) minus the cost of advertising ($540) minus the cost of shopify and running the store ($40))
Skills to have
Ideally, the new owner(s) should have general experience with social media and growing a following. It does particularly well with the young adult / teenager audience who is primarily active on Instagram, Snapchat, and TikTok.
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.