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$5,500 USD

The MonoShot - Portable Tripod For iPhone & Gopro!

www.monoshot.co

Appears in Electronics and gadgets , Established stores, Lifestyle, Home Business for sale, Print on demand, California, United States, Inventory, Oberlo stores for sale, Dropshipping, Large Business, Business and Franchises under $10,000

General description

The Monoshot is the byproduct of a lot of hard work, and a successful Kickstarter campaign that raised 39k. I initially created the Monoshot when I was searching for something to assist filming my golf swing on the driving range. I only was able to find cheap selfie sticks that didn't expand enough, or expensive bulky tripods that were overkill for what I wanted. A lot of people have shared the same sentiment, and the product was born in late 2015.

We are looking for somebody to give the product and brand a good home, and continue to expand into different sales channels, paid advertising, and improve social media presence. My perfect buyer would be somebody with experience selling unique products, and somebody that has a true interest in seeing the product succeed. I would rather sell for a lower price to somebody with experience running Ecommerce stores to somebody going at it for the first time.

This exchange listing is unique in the following ways.

  • Includes rights to sell a unique product and brand. The Monoshot has been developed in associated with a designer and supplier overseas. -Includes physical inventory. We hold all inventory in a third party fulfillment center. -Includes fully baked and automated eCommerce store, with professional photography and automated email campaigns running on Klaviyo.
  • Results below have been achieved with ZERO paid ad spend. All organic traffic and review sites.
  • Includes [REDACTED] domain
  • Includes list of media contacts who have written about the Monoshot in the past.

The product itself is an affordable, everyday tripod for the casual iPhone or go-pro photographer. You might toss the Monoshot in your bag for a weekend trip, use it to film yourself practicing your golf swing, or just use as an every day selfie stick. A unique spike attachment can be used for soft surfaces like grass or snow, and each Monoshot includes a bluetooth remote so you can take photos or videos from across the room.

I Believe the SEO itself is an incredibly powerful asset, and could also be improved with more consistent blog posts.

If you would like to evaluate the product, you can use the code 'EXCHANGE' at checkout for 30% off your order.

Financials and traffic

Profitable product, especially if you can improve sales velocity. I believe profit can be improved in the following ways.

  1. If you have enough capital for a bulk purchase, this would help with economies of scale. Have never really scaled the business and have never ordered more than 1000 units at one time.
  2. Bulk / qty discounts. Selling 2 or 4 packs could improve sales velocity.
  3. Cross promotion with similar products or Influencers.
  4. Paid advertising - Never mastered this and so we rely solely on organic traffic
  5. Referral programs.

Average profit/month

$450 USD

Average overall profit margin

22%

Average number of sales/month

30

Value of inventory

$2,500 USD

Lifetime revenue

$73,926.00 USD

Lifetime traffic

53,649 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

Total overhead for keeping the lights on is less than 400 dollars per month.

Klaviyo - $100 per month
Shopify - $80 per month
Picreel - $19 per month
Buffer - $10 per month
Shipwire - $35 per month

Expense item

Cost

Shopify plan

$80.00/month

Subscriptions (ie. Mailchimp, apps)

$150.00/month

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

$1.00/month

Inventory warehouse

$65.00/month

Domain

$2.00/month

Inventory

170 units currently at our fulfillment center that we will ship to you, provided you are based out of the United States.

Located in Redlands, CA

Willing to ship inventory

Willing to transfer relationships with suppliers

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

monoshot

Instagram

themonoshot

Twitter

themonoshot

Mailing list

2,750 subscribers

Social media followers

581 people

Q & A

Why should someone buy this store?

All the hard work is done. The professional photos, the supplier, the SEO, the inventory, the email campaigns. I spend 1 hour a week on this store, and I believe it has a lot more potential for the right buyer.

In addition, there is very good SEO right now for a market that I think will continue to expand for the foreseeable future. DSLR camera sales are slowly diminishing, and iPhone photography is a growing category. ALL THE TRAFFIC IS ORGANIC.

Includes inventory so you can start selling on day one. No need to wait for product.

Simply put, this store has been neglected. Did not consistently post on social, did not run referral campaigns, and didn't take a lot of easy steps that most people take to grow their online business. Anyone putting in more effort than I did would see an improvement in Sales.

How can the future owner improve the business?

  1. Launch a new version of the Product on Kickstarter or Indiegogo, using our trusted supplier and email list to drive traffic and raise capital for new inventory.

  2. Spend time on social media. I have neglected social media, and have not put any effort there. I believe Instagram could be especially fruitful if you create original content. Or work with influencers.

  3. Start selling on multiple sales channels. Right now the buy buttom on shopify is the only sales channel. I think Amazon could be pretty fruitful.

  4. Improve Margins through scale or price increases, or bring shipping and fulfillment in house.

  5. Improve customer relations and branding with referral contests, and improved marketing assets.

What work have you put into the store?

Professional Product Photography - My friend did the work, you can see his work at www.vinniefinn.com
Built markiting automation email campaigns for abandoned cart, pop up discounts, etc.
Launched a successful version of the product on Kickstarter
Developed relationship with suppliers and shipping partners to automate every aspect of the store.

How many hours does it take to run this business per week?

1 hours

$5,500 USD

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