- Avg. revenue /month$67
- Avg. sessions /month344
- Avg. profit /month$40
Why this business was started
I decided to start this business selling fun socks because it appeals to everyone of all ages and genders. Everyone wears socks, and therefore a low-ticket product that has an emotional appeal made it easy to market. I picked humorous and unique socks that consumers cannot find in stores. The low price coupled with emotional sales allow these socks to be the perfect impulse buy!
The reason of selling this business
I started this business with the goal of selling it in mind, and the time has now come where I am looking to cash out of this successful store and move onto my next big idea.
What's involved in running this business
The daily activities involved in running this business is mostly running Facebook Ads, which can be automated given their automated rules or a service, such as Reveal Bot to scale and kill your ads for you. Alternatively, the marketing can entirely be outsourced to another company and then this business would be entirely automated. Once orders come in, they are placed in bulk through an app called DSers (an Oberlo alternative) and then paid in bulk on AliExpress. Order confirmation and shipping notification emails are sent automatically with tracking information and there's no need to handle inventory! It's a very simple business model that is built to be able to scale quickly and efficiently.
Traffic and Performance
- Avg. revenue /month$67Verified
- Avg. sessions /month344Verified
- Avg. profit /month$40
- Profit Margin20%
- Avg. sales /month12
- Shopify plan
- Cost of Goods Sold
Physical inventoryNot Included
Logo and branding assetsAll logo and branding assets will be transferred with the sale of the store.
Personal support after saleI will be available to assist in getting the new store owner aware of all necessary business operations via phone for the first 7 days after the store has been transferred over.
Product photosAll photos shown on the store will be transferred with the sale of the store.
Social mediaTotal followers18subscribers
SuppliersThe current suppliers on AliExpress are linked via the DSers app.
How to grow this business
Over the next five years, the ideal way to grow this store would be to continue promoting it on social media in the form of Facebook (and Instagram) Ads. In conjunction with this, using an omni-channel approach would help grow it faster by using the email list to retarget customers for recurring revenue along with using other advertising platforms, such as Google Ads or Snapchat to engage even more potential customers. Due to the size of the brand, word-of-mouth also goes a long way to get sales from free promotion, so honing in on the customer experience would be another ideal way to help grow this to a household name brand.
Skills to have
As the new store owner, general knowledge in e-commerce is a requirement along with the ability to create and scale Facebook Ads. The majority of current sales from this store are driven by Facebook Ads that I create, so the new owner must be competent in advertising. Given the vast amount of customer data from this store, finding new customers in the United States or internationally should not pose a problem for anyone with a background in e-commerce and marketing.
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.