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The MonoShot - Portable Tripod For iPhone & Gopro!

www.monoshot.co
$5,500USD
  • Avg. Revenue /month
    $2,038USD
  • Avg. Sessions /month1,484
  • Avg. Profit /month
    $450USD
  • Inventory value
    $2,500USD
Description

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.

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.
Time to run this business: approximately 1 hour per week
Traffic and Performance
  • Avg. Revenue /month
    $2,038USD
  • Avg. Sessions /month1,484
  • Avg. Profit /month
    $450USD
  • Inventory value
    $2,500USD
  • Profit Margin22%
  • Avg. Sales /month30
Traffic and Revenue data comes directly from Shopify and can not be edited by the seller.
Total revenue
$75,408USD
Total traffic
54,933Sessions
Expenses
  • Shopify plan
    $80USD
    /month
  • Inventory warehouse
    $65USD
    /month
  • Domain
    $2.08USD
    /month
Sale Includes
  • Physical inventory

  • Logo and branding assets

  • Social media accounts

  • Personal support after sale

    Not Included

  • Domain

  • Product photos

Social Media

Social followers581subscribers
ZC

Zack C.

Running this business for about 3 years
Been creating products and selling them online since 2009. Moving on to a new career path and just don't have enough time to devote to doing this on the side anymore. I love ecommerce and the Shopify platform and would love to see the Monoshot go to a good home.
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