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$26,995 USD

THE : MEMR

www.thememr.com

Appears in Sports and recreation , Florida, United States, Medium Business, Coffee, Dropshipping, Home Business for sale, Lifestyle, Oberlo stores for sale, Highly Profitable businesses, WC Fulfillment Stores for Sale, Business and Franchises under $50,000

General description

Hello I'm Eric Pearce, founder/owner of The Memr (pronownced Memer). I officially opened the store May 6th 2018. First two orders were received May 7th.

UPDATE
New lender payment provider integration has been completed.

Customers can now choose to pay for products in 4 installments rather than full price at one time. The provider has been proven to increase conversion by about 20%-40%, AOV by about 50%, and revenue by 10%.


I started this store partly because I have a passion for golf as I'm a golfer myself. I wanted to sell products I believe in, in a niche I believe in. The store is mainly drop shipping and has good relationships with suppliers. It also has a Print On Demand side for casual apparel, hats, and coffee mugs.

It currently has 20 products listed with via Oberlo, of which 4 products are best sellers. There is plently of room for scaling, however, my attention is moving to my other store so I have decided to sell The Memr.

To date the store has done $10,710 revenue with, about $8400 profit before adspend. For adspend, Instagram influencers adspend was about $1600 in total which accounted for $8256 of the revenue, $1348 from Facebook ads. Product costs were $2175 total. I have built a list of 1650 emails. Store sessions are:
30,170 social
3591 direct
1741 unknown
1136 search
38 email

Total sessions 36676, of which 35458 are visitors. Instagram has account for 17140 sessions. Facebook 13005. Twitter 13. YouTube 11. Sessions by device is 34168 mobile. Desktop 1690. Tablet 813. 3 unknown. 1 game console. 1 smart tv.

Average order value is $14.96, however, I did a substantial price increase in the last two weeks due to the fact that I was running many Free plus shipping promotions. As of lately my AOV has been around $30. Total orders are 716.

NOTE: Recent weeks towards the sale, revenue and profits are lower since the store has seen less attention from myself as time is committed to other projects as mentioned above, thus, the maintenance and marketing was done on a lower scale.

The business is established and running, this is not a starter site.

All our products have been handpicked, however, 4 have been tested.

Since most of the sales are generated through social media influencer's, you as the new owner will have the option to continue that and will receive proper introductions.

Additional Note: I have added a lender type payment system to the store which allows customers to payment in 4 installments. This will increase sales and conversion by making even a high ticket product become more impulse.

This store has great growth potential.

Please contact me with any questions.

Thanks

Financials and traffic

Up until July, I was running free plus shipping promotions on my top sellers at $10-$12.50. I have since stopped these promotions and raised prices substantially. Best sellers are now priced around $19.99 plus $4.95 shipping for Standard Shipping and $10 International Shipping. This alone raised margin substantially. Additionally, I started running a new app for upsells by Bold. Since this, AOV shot up to around $30+ due to multiple item orders and more international sales with the higher shipping cost.

I advise the new owner to continue with this pricing and as previously mentioned, add more advertising channels, especially Facebook, Google, and email marketing. If this is done, this store has unlimited upside potential due to the fact that the golf niche is very unsaturated, in fact, it seems to be overlooked. This will position the new owner for great success.

Average profit/month

$4,200 USD

Average overall profit margin

80%

Average number of sales/month

285

Lifetime revenue

$10,664.00 USD

Lifetime traffic

37,454 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

I didn't include Facebook ad cost as I mainly tested with it but FB has not been the main revenue/profit source. To reiterate, Instagram influencers has been the source of 90-95% of the growth.

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions (ie. Mailchimp, apps)

$48.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$1,600.00/month

Employees (Including contractors and freelancers)

$210.00/month

Domain

$2.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

Memegolf

Instagram

thememr

Pinterest

thememr

Mailing list

1,650 subscribers

Q & A

Do you work with any employees, freelancers, or contractors?

Philipines. Fulfillment.

Why should someone buy this store?

This store is established, quality website design and has proven results to succeed. New owner will have the option to receive full training from myself to ensure a smooth transition into running the already successful business. Additionally, as mentioned in the description, I have added a lender type payment system for customers to help increase sales and conversion.

How can the future owner improve the business?

The future owner can incorporate other marketing strategies, including FB Ads, google adwords and basic SEO.

What work have you put into the store?

I've created healthy relationships with the influencers as well as suppliers that I use. I have also established a relationship with a well know lender type service which is installed on the store.

$26,995 USD

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