Flippa
SOLD!
Business Name

kPopEssentials.com

Business Model
e-Commerce
Industry
Design and Style

$6,000

Asking Price
Multiple 0.5x
Branded Shopify Dropshipping store with 25,000 ORGANIC Instagram Followers, and an untouched email list of 9,331 RELEVANT subscribers.
This business owner has manually entered their financials

Facts and Figures

Location
United States
Date of Founding
2017
Full-Time Staff
Owner Operated
Annual Revenue
$24,000
Annual Expenses
$12,000
Annual Net Profit
$12,000
Profit and Loss
Evidence of Revenue
Note: Where the business is less than 12 months old the annualized data represents total sales for the period of operation.

Business Description

This is a Shopify Dropshipping store in the Korean Fashion niche. We work directly with suppliers and never hold any inventory. You do not need to spend a dime to order product until the customer has already paid you.

How does your business make money?

The business makes money mainly through driving traffic from its Instagram page, which has over 25,000 organic followers, to its website. My main way of marketing is utilizing Instagram influencers. I have a list of influencers who have proven to generate website visitors and purchases. In addition, I have an email list of 9,331 relevant people that I have never used that I would happily give the new owner.

Why should someone buy this business?

Since the launch of this business, not much effort or time was fully committed and the store still managed to bring in the numbers you see above. Thats right, 25,000 followers, 9,331 email opt ins, and a loyal Instagram following without much time commitment. I am currently pursuing my masters degree and simply too busy to run this business to its full potential.
With this business you get:

  • A loyal and engaging Instagram following of 25K that can easily be snowballed into more
  • Access to an email list of over 9,331 never before touched email subscribers
  • A website theme that costs $200 alone
  • List of products that have proven to sell over and over again & list of influencers to market these products for you
  • Free traffic from its large social media following
  • I will work with the new owner for 30 Days after purchase to ensure the new owner is on the right track

How can the future owner improve this business?

  • The future owner of this business will see even more success than he/she will already see if the owner expands into different marketing channels such as Facebook, Twitter, Snapchat, Blog, etc.
  • Devote more time to growing the Instagram following and posting content.
  • Utilizing the email list of 9,331 people that I have never even touched before. This is valuable as you can put a product into the inbox of someone who is already interested in the niche.
  • Expanding into the Kawaii Fashion niche.
  • Staying consistent

Why are you selling this business?

I am selling this business simply because I do not have time to keep up with the orders and socials. I am currently pursuing my degree which takes up a lot of time. With this being said, the reason why the sales fluctuate is because due to my time schedule, I was sometimes forced to close the store due to my hectic schedule.

Business Strengths

  • Brand and Community Loyalty
  • High Profit Margins
  • Large Customer Database
  • Well Established and Unique Brand
  • Overall Market Size

Opportunities for a new owner

  • Capitalise on the Emerging Market
  • Improve Current Marketing Efforts
  • Introduce Further Revenue Streams

Key day-to-day operations

  • Customer Support / Service
  • Launching New Products
  • Order Fulfilment
  • Website Maintenance
  • Content marketing

Marketing

  • Email Marketing
  • Influencer Marketing
  • Instagram Advertising

Seller Notes

Reason for the declines in revenue is because I did not have time to delegate to the business. So there were times when the store was shut down.

Assets

  • Brand assets
  • Domains
  • Marketing materials and collateral
  • Social media accounts
  • e-Commerce platform accounts

Post sale support

This is support provided by the seller when transitioning the business to a buyer.

Included

About the Seller

Jason Fan

Verified Account

United States

Hi my name is Jason, I am currently pursuing my masters degree. I have been doing Ecommerce for about 4 years now. Besides business, I love watching basketball and working out.