This was an established business when I stepped in and bought it. My intent was to use the current platform and expand it. Dedicating more time to advertising and product research could really see the revenue grow for this business. It's great that the store can reach international customers. This provides for easier growth potential into expanding markets.
The reason of selling this business
The business does well and can grow organically with more marketing and quality product sourcing. I've decided to sell it because I like to spend more of my free time outside and traveling, and not using a computer in my spare time. I'm an engineer by day, so my eyes and brain need a rest at the end of the day.
What's involved in running this business
This business involves some product research if you want to expand the catalog, or you can leave it as it is. The social media or currently on Facebook and IG but can easily target users on other platforms.
Day to day operations involve fulling orders and answering questions about products, posting products on social media.
This business was founded:almost 2 years ago
Time to run this business:approximately 10 hours per week
Traffic and Performance
Avg. revenue /month
$1,229
Verified
Avg. sessions /month1,173Verified
Avg. profit /month
$1,021
Profit Margin80%
Avg. sales /month4
Other details about profit:I took over the business August 2019 and didn't get to dedicate as much time as was needed because of my travel schedule. Shopify's performance metrics show a better projection of potential profits. Give this business a couple hours a day and see revenue and profits began to grow. Average orders were much higher prior to me.
Domain cost is included in shopify subscription.
Total revenue
$27,029
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
25,811Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$1
/year
Shopify Apps
$31
/month
Facebook, IG
$150
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
They are included with the store.
Personal support after sale
Not Included
Domain
Product photos
They are included with the store.
Social media
Total followers901subscribers
Suppliers
Not Included
Mailing List
Not Included
Seller‘s Advice
How to grow this business
I would grow this store by adding admins. Adjusting the products based on current trends. Build the social media following to make the following and customer growth more organic. Sourcing my suppliers would give better product options. Oberlo is the primary supplier now.
Skills to have
It helps to be comfortable with researching products that best fit your target demographic, even if you have to buy items and test them out yourself. It helps!
Share
EY
Eric Y.Current store owner
I'm an entrepreneur selling the latest in trends of tech gadgets. My day job is as a computer engineer. I provide enterprise level hardware and software solutions for customers. In my free time I customize cars, do photography, spend time with family and friends, and travel. I also like to venture into e-commerce every so often to see what are the latest gadgets just to have or those that actually make life easier. I got a few with this business and resources to others. I hope that you can use what is here as a template for your goals.
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.
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