- Avg. revenue /month$7,582
- Avg. sessions /month5,533
- Avg. profit /month$4,121
Why this business was started
I purchased this store from a gal that was killing it in this space. I wanted to expand my investments and do ecommerce and generate additional income. Also was created in the peak of Covid and everyone was inside and the cinemas were all closed down, so we thought, why not bring some magic to the indoor life!
The reason of selling this business
I have decided to sell this business in order to do another start up and now don't have the time to focus on this store and get it up and running to its full potential
What's involved in running this business
Paid ads, optimising every day to every second day (or hiring an expert to do this. Daily skype message with our customer service team to see how they are doing. Hunting for new influencers to collab with for the brand. We fulfill orders Monday-Friday with our supplier at one click of the button!
Traffic and Performance
- Avg. revenue /month$7,582Verified
- Avg. sessions /month5,533Verified
- Avg. profit /month$4,121
- Profit Margin43%
- Avg. sales /month8
- Shopify plan
- paid apps
- facebook, instagram
- You will have to pay for the product first there is a 57% mark up on the product. This number varies on the amount of product you sell, it includes shipping and handling and cost of the product.
Physical inventoryNot Included
Logo and branding assetsIt will all be transferred through Drop box. I have images, passwords, email, and website and graphics. I also have the names of the influencers used and who want to promote this product. Also, was contacted by store fronts that want to use this product in their stores that will also be transferred.
Personal support after sale2 weeks. To make sure you have everything you need to make sure it is up and going
Product photosdropbox have many professional photos to transfer
SuppliersI have a supplier which I will introduce to you upon completion of the sale. She is wonderful and always available to me. She runs the Eprollo and does the Drop Shipping for me. All set up and ready to go! Fulfill orders with one click of a button.
How to grow this business
This is a READY made store just take over and start earning money. We have been approached by a Tech store to sell in their Selfridges UK store and in Japan and Berlin too. so there is a lot of potential to wholesale this item to the right department stores. Branding is also a big thing, I would work on the packaging and unboxing experience to make it an 'Instagrammable' moment. Also branch out into custom colors.
Work with influencers. We have already done this on IG for a free media trade, but reach out to bigger influencers for a paid post and to a few Youtubers. I have been approached by many influencers that want to promote this product.
Hire an ads expert to run and automate the paid ads side of things!
Create your own ads using influencers and use those to show potential new buyers.
Email and sms marketing. Believer it or not, we didn't even bother using email or sms marketing for this store, but if we did, the conversion rate would be through the roof.
Expand and sell to other countries besides USA, AUS, CAN and UK
Do more collabs and giveaways with big brands, this worked really well for us!
As this is using a dropshipping model, there is a lot of room to grow without fear of running out of inventory or sending to your customers on time. Our supplier and team is extremely reliable and offers very fast shipping. She will also be your point of contact on the daily via Skype if you ever need anything.
Skills to have
Paid ads, optimising every day to every second day (or hiring an expert to do this Hunting for new influencers to collab with for the brand. Influencer marketing, Paid digital marketing, email and sms marketing, Seo. Be creative in understanding how to expand this store and grow the brand.
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.