- Avg. revenue /month$5,873
- Avg. sessions /month6,155
- Avg. profit /month$18,750
Why this business was started
I am a marketing major at the University of Florida. When I finished my spring semester this past May, I was faced with the choice of taking on a corporate internship or using the skills I'd been learning in school and reading about on my free time (through books like the Lean Startup and 4 Hour Workweek) to generate the location-neutral income that I'd always wanted. I put up a few websites, using my design skills to create advertisements that I would place on Facebook's platform to generate traffic on the website and analyze what led people to convert, which led me to this project and several others I am currently working on.
The reason of selling this business
As I said before, I see a ton of untapped potential in this store. The only revenue stream that has been tapped into is paid advertisements through social media. That leaves Google Ads, Influencer Marketing, and Organic traffic all untapped. I am not passionate enough about the Women's Fashion and Accessory industry to be confident in my success if I were to truly dive in, and for that reason I have decided to sell the business so that I can focus my time and efforts on growing my other businesses.
What's involved in running this business
Daily tasks associated with running this business include managing a team of employees that fulfills orders and answers customer emails, as well as managing social media advertisements. All in all it takes about an hour to two hours at most per day, which can be lowered if you implement certain guidelines for your team of assistants to follow. If you wish to grow the brand, the team would need to grow to include a graphic designer, photographer and a team of ambassadors to advertise the products themselves, but if you wish to continue running the business as I am currently you may do so with less than 2 hours per day.
Traffic and Performance
- Avg. revenue /month$5,873Verified
- Avg. sessions /month6,155Verified
- Avg. profit /month$18,750
- Profit Margin20%
- Avg. sales /month7,000
- Shopify plan
- Email Marketing & Upsell Apps
- Facebook Ads
- Virtual Assistants
Physical inventoryNot Included
Logo and branding assetsPNG and JPEG files will be transferred by email as soon as payment is received.
Personal support after saleI am offering a week of complementary Facebook ads consulting following the sale in order to help you set up the ads you need to continue running the store properly. I will also assist you in the week following the sale in transitioning our staff to you and training you in all that you need to know in order to continue the business.
Product photosAll images will be transferred by email as soon as payment is received.
How to grow this business
To grow this store over the next 5 years, I would focus on three key aspects: 1. Community. I would place great emphasis on growing the brand's social media presence and making it a reflection of the brand, which is something I haven't had time to truly dedicate myself to. Having a strong social presence will help increase organic traffic and sales and will add a lot of legitimacy to the brand. Influencer marketing, photoshoots with models, and cross marketing with other brands are all elements that will contribute to the brand's success. 2. Variety. Continuing to add new products, designs, and collections to what we already offer in order to grow customer retention rates is crucial to the brand's success. 3. Quality. Continuing to work with our suppliers to source better quality pieces that leave our customers ever-more pleased will also help the brand grow into its potential.
Skills to have
- Social media marketing
- Graphic design
- Team management, and
- How to delegate tasks. This is a fully automated business. Virtual Assistants can be hired to handle every task needed to run the business successfully, from handling paid advertisements to customer support. All you need to do is put the parts in motion and you will reap the benefits every single day.
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.