- Avg. revenue /month$2,721
- Avg. sessions /month880
- Avg. profit /month$519
Why this business was started
This business was started as a project during the pandemic, there is a huge increase in electric transport and it is only getting more and more popular. This will only continue to rise as more and more people look for alternative transport options for due to the packed public transport.
I personally have a Fiido bike and find them excellent for travelling a distance with not much effort required.
There is a huge opportunity in this space and with this store being established to make good money and possibly a living.
The reason of selling this business
I have decided to sell the business as i simply don't have the time to help push the business to the next level.
I feel this would require someone with knowledge Facebook/Google adverts.
At the moment my full time employment takes up a lot of time and is high pressure. This coupled in with a young family means that I have to decide how my time can be best spent.
This is an excellent opportunity for someone with time to devote catapulting the business to the next level.
What's involved in running this business
Sales: advertising on any free classified adverts to drive free traffic.
Advertising: Classified - free traffic, Facebook Marketplace - free traffic, a lot of sales, Snapchat - paid advertising but not a lot of conversion, FB and Google advertising would be required to take business to the next level.
Ordering: once order received liaise with suppliers on Alibaba, make payment. Tracking number will be supplied and shipped from EU country most likely Poland or Germany.
Shopify: fulfil order and enter tracking.
Tracking: enter tracking in [REDACTED] to see delivery will be made in time. If not message customer to let them know of delay.
Customer service: check Facebook business manager (FB/Insta), Gmail, classified site regularly. I try to limit this to morning and evening.
All the above are the basics for running the day to day. There is very little maintenance of the website via Shopify. Once an order is received the work starts from speaking with supplier and making the order, to fulfilling the order with tracking.
Traffic and Performance
- Avg. revenue /month$2,721Verified
- Avg. sessions /month880Verified
- Avg. profit /month$519
- Profit Margin15%
- Avg. sales /month10
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsAll logo and photos have been uploaded to Shopify and will remain there. If preferred I can send a file via email with high quality photos.
Personal support after saleI will be available to answer any questions via email for the first 30 days. If required we can screenshare and I will walk the buyer through sales to fulfilment to ensure they are up to speed.
Product photosAll logo and photos have been uploaded to Shopify and will remain there. If preferred I can send a file via email with high quality photos.
SuppliersA list of primary and secondary suppliers will be given.
Mailing ListNot Included
How to grow this business
Increase advertising spend across social media, a lot of sales came from manually posting adverts online and in marketplace. Ads would be required to propel the store to the next level.
Skills to have
Customer service, Shopify, Alibaba, Gmail
The store is set up, all domains, supplier relationships, and social media will be transferred. I can screenshare to do handover and walk through of each process.
The main skill required is drive, the want to make sales, what avenues can you use to drive traffic. If you want to succeed everything is in place to do so.
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.