- Avg. revenue /month$257
- Avg. sessions /month215
- Avg. profit /month$200
Why this business was started
When I was working exclusively on freelance platforms, clients often told me that they had previously worked with other editors and were shocked by how terrible these other services frequently were. Thus, I conducted some investigations of my own and discovered that many editors on both freelance platforms and in private practices barely have a command of the English language. Unfortunately, as it turns out, many document service websites are actually run by individuals with limited English knowledge, hoping to make a quick buck from unsuspecting customers. Furthermore, even some of the largest editing companies outsource their orders to unqualified editors, occasionally producing poor-quality results. So, I created Textamend to provide high-quality services at all times.
The reason of selling this business
It has been so rewarding to develop this business since 2016; however, this has been a side business for quite some time, and I would like to focus on my primary career.
What's involved in running this business
My business has been based off of personal editing services, and I conduct all editing, consulting, and writing myself. I never outsource, as I am thus able to maintain quality standards. That is not to say that a future website owner could not outsource work; it is just crucial that quality work be provided at all times. Running this business entails answering client emails and meeting clients' deadlines.
Textamend is an editing, writing, and consulting company that works with businesses, authors, and students in 63 countries.
Clients purchase document services directly through the Textamend website, and I fulfill the orders. Much of my business is domestic; however, I have a substantial amount of longtime clients based in China, Singapore, Australia, Netherlands, and more. When I advertised heavily through AdWords and Facebook during the summer of 2017 (which, for reference, is often slow for editing practices), they did not produce many clients volume-wise; however, the revenues were substantial. Most recent orders have pertained to proofreading graduate school applications and personal statements, as well as assisting businesses with online marketing materials. The most popular order "type" is fairly seasonal, however.
Why should someone buy this store?
As indicated by the screenshots, roughly 32% to 44% of clients are returning clients. This demonstrates the quality work that the company is known for. The listed traffic is also entirely organic. A future owner can increase advertisements, bring in new clients, and substantially increase annual revenue.
How can the future owner improve the business?
As evidenced by aggressive summer 2017 advertising, this site grew tremendously when advertising was utilized. With that said, recent traffic has not been as substantial as it has been in the past due to limited advertisements. Current traffic is entirely organic, but a future owner can increase ad spending and bring in new clients.
When I first launched Textamend, many of my clients were acquired through my prior work as a freelance editor. Clients were pleased with my editing and writing services, and thus wanted to work with me directly. From there, many referred clients and peers while simultaneously posting online and recommending Textamend. If a future owner is more active with mailing list campaigns, they can produce even better results.
What work have you put into the store?
This store has had substantial website development, logo creation, mailing list development, social media development, client relationship development, and more. The business reputation is quite strong. Keep in mind, the listed price also reflects substantial past advertisement spending to acquire existing clients, as well as a premium Shopify theme.
Traffic and Performance
- Avg. revenue /month$257Verified
- Avg. sessions /month215Verified
- Avg. profit /month$200
- Profit Margin78%
- Avg. sales /month6
- Shopify plan
- General Shopify Apps
Physical inventoryNot Included
Logo and branding assetsAll assets will be transferred via Dropbox or WeTransfer.
Personal support after saleI am willing to provide support for up to three months to assist in the transition. I am also willing to sign on as a freelance editor in the event that the future owner intends to outsource services.
Product photosAll assets will be transferred via Dropbox or WeTransfer.
How to grow this business
I have built a company with an excellent reputation in the field, as evidenced by ~45% of clients being returning clients. However, my current personal budget is limited, and I haven't been advertising as I once did. As a result, if a future owner advertises appropriately on Instagram/Facebook/Google/Reddit/etc., as I once did, you will likely compound the company growth rate as clients return again and again, all while acquiring new clients.
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.