- Avg. revenue /month$14
- Avg. sessions /month150
- Avg. profit /month$13
Why this business was started
I decided to start this business because the product is so simple, margins are high, and the product has much room for expansion. I wanted to grow this business to 7 figures but noticed i, being a student, did not have the financial capability at the current moment to support the business.
The reason of selling this business
I have decided to sell the business because, despite it being a growing and soon to be very valuable asset, it simply requires more budget to accommodate for testing and growing, and i simply cannot afford to do that at this moment.
What's involved in running this business
Fulfulling orders, ensuring tracking codes are updated (easy) working on facebook ads, and google ads (have not yet done google ads) updating creatives (or using viralecomadz to do this if you have the budget) answering emails if any.
Traffic and Performance
- Avg. revenue /month$14Verified
- Avg. sessions /month150Verified
- Avg. profit /month$13
- Profit Margin50%
- Avg. sales /month2
- Shopify plan
- Loox reviews
Physical inventoryNot Included
Logo and branding assetsWhatsapp would be great, i can send you all the graphics, video ads (i have paid for this) logos in different resolutions and much more. Don't be afraid to ask!
Personal support after saleI will support you with all queries, questions and more within my knowledge, for a month, after the month i can still answer all your questions and more but i may be a little slower to respond, as school will have started :)
Product photosWhatsapp would be perfect, if this cannot be done, i am happy to use anything else :)
How to grow this business
This business is run using the dropshipping business model.
This store has potential to grow exponentially. As screen usage becomes more and more common, the need to protect your eyes also becomes more common. I would certainly increase the budget on advert spending so that i could steal my competitors demand. Once this store is generating consistent revenue, i would expand the product range to include more frames on specs, look towards contact lenses, prescription lenses, light sensitive lenses, and essentially private label so that you can increase product price, thus resulting in higher margins.
I would also be testing and refreshing creatives monthly to keep up with changes in consumer thought process, economic climate, and to keep ROAS high.
Skills to have
My main competitor is called "Kanturo" they utilize facebook ads, instagram ads, google ads and SEO to help them win over consumers. I would study them intensively and try to emulate their processes to test to see if they work well with you. In my honest opinion i think this store is a 6+ figure business, being evergreen, and having limitless opportunities for growth, however in order to get the brand recognized like it deserves, you WILL need a substantial budget just to accommodate for testing, adverts, and expansion.
I have knowledge in Photoshop as i used to be a commissioned graphic designer so its important to have basic video / photo editing skills to avoid having to fork out much money on testing new creatives. (However if you have the budget to do this, by all means go ahead, it will significantly reduce the time needed to run this business)
You will need to learn to run ads and aggressively kill and scale according to what you believe is best for the business.
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.