- Avg. Revenue /month$1,994USD
- Avg. Sessions /month1,457
- Avg. Profit /month$450USD
- Inventory value$2,500USD
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.
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.
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.
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.
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.
Improve Margins through scale or price increases, or bring shipping and fulfillment in house.
Improve customer relations and branding with referral contests, and improved marketing assets.
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.
Traffic and Performance
- Avg. Revenue /month$1,994USDVerified
- Avg. Sessions /month1,457Verified
- Avg. Profit /month$450USD
- Inventory value$2,500USD
- Profit Margin22%
- Avg. Sales /month30
Other details about profit: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.
- Shopify plan
- Inventory warehouse
Why buy a business on Exchange
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.
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.
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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.
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.
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.
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team