The Wanderlust Findswww.thewanderlustfinds.com
- Avg. revenue /month$5,411
- Avg. sessions /month6,180
- Avg. profit /month$4,700
Why this business was started
I started the business to gain experience in starting and running a business especially around travel. The business was also a way to help create a financial foundation for my career in photography as well as a way to help me provide for my home. My partner at the time also runs his own business and has always done extremely well and encouraged me to do the same.
The reason of selling this business
Unfortunately due to negatives within my home life I no longer have the time to run the business as well as cater to my day job, family, home and work on photography. I have decided to stop working on the business to use my time on the other factors mentioned and in all honesty my passion is with photography and that is something I would like to focus on going forward.
What's involved in running this business
Fulfilling orders, ordering from suppliers, quick email responses to customers within 24 hours, searching new trending products, order from suppliers, regular communication with influencers and running posts with them ( I have built great relationships with certain influencers and happy to provide their handles on Instagram for the new owner to get in touch), create new product videos and images.
Traffic and Performance
- Avg. revenue /month$5,411Verified
- Avg. sessions /month6,180Verified
- Avg. profit /month$4,700
- Profit Margin67%
- Avg. sales /month320
- Shopify plan
- Paid apps including Wheelio, Best Currency Converter, Discounted Upsells, Oberlo, Sales Countdown Timer
- Instagram - influencers
- Fulfilling orders from Ali Express + Gsuite for a professional email ($5)
Physical inventoryNot Included
Logo and branding assetsLogo in different formats including jpeg, png will be provided and can be sent through WeTransfer.
Personal support after saleI am happy to offer suggestions with which influencers to use on Instagram and how much the new owner should roughly pay as well put them in touch with graphic designers who have also helped to create videos and photos in the past. Graphic designers and video creators would charge as little as $5 for a logo and $20 for a video I can also put the new owner in touch with the supplier used for particular products and have built a close relationship with him through Ali Express. I can also guide the new owner through Ali Express such as fulfilling orders etc I am happy to do this for 3 months. Influencers with a following of 2.5million and more charge about $300, those around 1.2m followers charge about $100. Average cost of products from Ali Express is $14 and the store sells the products around of $47.
Product photosProduct photos and videos that I have personally created will be transferred via email and WeTransfer.
How to grow this business
I would use other platforms to advertise products and the store such as Facebook adverts and the use of Pinterest to grab new customer's attention. I would continue working with Instagram Influencers by providing videos or products to post on their page.
Skills to have
The new owner should be patient with both customers and influencers as both can be demanding and difficult. Be creative with the look and design of the website as in order for it to look appealing and professional as well be creative with videos for facebook campaigns and instagram videos and pictures. Manage payouts well to ensure you have profit and enough for campaigns and paying influencers.
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.