Chris Stephenson – Flippa https://flippa.com/blog Thu, 11 Jan 2024 01:26:16 +0000 en-AU hourly 1 https://wordpress.org/?v=6.4.3 https://flippa.com/blog/wp-content/uploads/2023/02/cropped-Frame-1053@2x-32x32.png Chris Stephenson – Flippa https://flippa.com/blog 32 32 Flippa Pricing https://flippa.com/blog/pricing-changes/ Wed, 10 Jan 2024 05:35:00 +0000 https://flippa.com/blog/?p=25530 Flippa Package Changes 2024

Updated: 10th January 2024

The online business industry is constantly evolving, and at Flippa, we’ve been working hard in the background to update our packages for sellers. Our updated packages in 2024 are designed to help sellers of all sizes access the largest M&A market on the planet and exit their businesses seamlessly.

Introducing our M&A Broker Packages

Our new M&A broker packages are available for all assets valued at USD100k+. The broker package enables you to have your business represented by our in-house brokerage service. Our global network ensures access to a wide pool of buyers. From marketing assistance to end-to-end sale, our M&A brokers will help maximize your sale price. 

Flippa is a member of the International Business Broker Association (IBBA) and our M&A advisors are additionally CM&AA qualified (Certified Merger and Acquisition Advisor). We have M&A advisors located across five continents, so you’ll always have local support when you need it.

Introducing our Entry Level Package

It’s back! Our entry level package for assets valued <10k is priced at just $29 for a 60-day term. Our entry level package enables you to go live on the Flippa platform and comes with all of the basic platform features needed to help sell your business. We’re grateful for the huge support from the Flippa community over the years, and we hope this lower price point will help you sell your assets on Flippa.

We’re Looking forward to a huge 2024

At Flippa, we’re looking forward to a huge 2024 as we bring our unique combination of Advisory, Technology and Community to as many of you as we can. We remain committed to building and innovating as the world’s leading M&A platform.

To see our updated pricing, check out these links Listing Fees and Marketing Packages.

What if I’m a buyer?

There are no fees to join as a buyer. Register now to start your search for your dream online business.

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Safety by Design – The Trusted Marketplace https://flippa.com/blog/safety-by-design-the-trusted-marketplace/ Fri, 22 Oct 2021 04:29:02 +0000 https://flippa.com/blog/?p=7374 Flippa invented the space – we started in 2009 –  and today, more online business owners, investors and buyers choose Flippa to buy and sell online businesses. From bootstrapped to #1, we have over 3M registered users, see and talk to over 5000 new online business owners monthly and sell over 20,000 assets each year. Did you know there are over ~600,000 monthly searches from investors and buyers seeking to acquire websites, apps and online businesses on the Flippa platform?  

In the past Flippa didn’t provide the resources and services it does today, however in the last three-years we have taken a relentless approach to marketplace trust and safety.  We are obsessed with customer happiness and we measure it. With a net promoter score of 62 and 44% repeat buying / selling activity our customers are clearly loyal and this is no doubt a result of the significant improvements we have made. 

Of course, buying and selling is a complex process. Flippa encourages all buyers and sellers, at any price point or asset type, to not only have a contract of sale or asset purchase agreement as part of any transaction, but to also take advantage of the many partner services and advice available on the blog – check out the Getting Started, Buyers, Sellers, and Success Stories sections to learn and get tips from other buyers and sellers. 

So what do we do? 

For Buyers

  1. Listing vetting. Flippa has a global marketplace integrity team and listing review team (10 people currently). Each revenue generating asset goes through a 25 point check before going live.
  2. Price checks. The listing review team’s sole remit is to review listings and ensure the quality and price of the business is accurate and measured against comparable data. For more details on how our Intelligent Valuation Engine works to accurately price business, read here.
  3. Quality score. Call this our secret sauce. We measure the quality of the seller, the listing and the asset. This cannot be gamed. We then provide some helpful filters that take into consideration our integrated data sources including traffic, domain authority, revenue and other. It’s all there at your fingertips. 
  4. Due Diligence. Flippa’s market leading Due Diligence gives buyers a comprehensive report of financial and operational performance of any asset. This service is currently used by leading industry brokers, institutional buyers and private equity. There are three levels of service across risks, opportunities and analysis periods of one to three years and reports run from from high-level to detailed.
  5. Verification through data. Data, data, data. Flippa loves data that helps to verify the asset as much as it does provide insight to buyers. There are over 10 different data integrations including Quickbooks Online, Shopify, WooCommerce, Stripe, Google Analytics, SEMrush and more. This information cannot be doctored and is the truest form of verification.  When buyers look at a listing, we encourage them to look for the “Verified By” modules on each of the listings. 
  6. Flippa Legal is a game-changer and 100’s of customers use the service monthly. Off-the-shelf templates don’t always fit the bill. With Flippa Legal, an expert group of lawyers are on hand to assist with the transaction. There are packages available and the size and complexity of the transaction will help you to determine which service is right for you.
  7. Escrow protections. It’s free! Escrow.com services as a layer of safety. First though, we conduct a ‘red flag check’. Now it’s over to you, there’s a mandatory inspection period and we encourage buyers to use this time to review the assets further in accordance with the contract of sale or asset purchase agreement. Sellers benefit from this service too (see point 12 below).
  8. The behavior of sellers. Account managers and the global customer service team monitor listing activity, comments and communications between buyers and sellers. If there’s any suspicious activity, we call it out and instantly suspend or ban the seller or alternatively, you can always nudge us and we’ll come running.
  9. Fraud Detection. Nobody gets passed us. We stop them before you have to. In the last year, thousands of bad actors have been instantly identified and removed from our platform automatically and programmatically using the very best digital trust and safety suite on the market.
  10. Post-sale hand off. 95% of sales come with post-sales support. If they don’t simply ask the seller to provide this as a condition of sale. It’s a standard requirement. Nothing is off the table. When Martin Bispels purchased Upper Park Disc Golf the seller stayed on as a partner and product designer and they worked this aspect into the agreement and terms of sale. Consider your options and negotiate the terms that best suit you. 

For Sellers

  1. Buyer verifications: We do them! Buyers must go through a credit card authorization prior to placing an offer. We also identify which buyers have verified their accounts and have had a positive history of buying behaviour on Flippa. Coming soon is our all new ‘buyer qualification’ service. Sellers will be able to instantly verify those buyers who are acquisition fit.
  2. Escrow protections. Flippa has an integrated escrow and payment service. Always use it and never transfer assets without funds recognition.
  3. Matching by humans. Our programmatic matching is world-class but even we make mistakes so our team will curate relevant buyers who are cash-ready and have a positive transaction history.
  4. Discretion. For bigger businesses and higher value assets, Flippa offers Flippa Private, an off market service where a dedicated and experienced Flippa Broker works with sellers to match their business with a vetted and curated small network of qualified buyers.
  5. Broker network. Flippa also has a network of 3rd party brokers that sellers can leverage to sell their assets and add an additional layer of buyer verification. Check them out here and choose broker matching when listing with Flippa.

We are here to help. We’ve revamped Flippa with safety in mind. Our global team is available and can assist you with understanding deals, accessing Flippa services and ensuring you are satisfied and safe every step of the way. As the biggest and a trusted marketplace it’s our commitment to you!  Reach out if we can help – support@flippa.com

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Featured Listing: www.plant-power.io https://flippa.com/blog/featured-listing-www-plant-power-io/ https://flippa.com/blog/featured-listing-www-plant-power-io/#respond Wed, 07 Jul 2021 15:24:00 +0000 https://flippa.com/blog/featured-listing-www-plant-power-io/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

My background is CPG, and I spent 6 yrs at Procter & Gamble. I’ve also co-founded a very successful food brand. When I started taking CBD, I discovered a difference in the ingredients list, and most brands used unnatural ingredients. Digging further, I found that the CBD strain, extraction, and growing methods greatly impacted the individual experience. I realized CBD is a blessing, but currently, it is challenging to know what you’re putting in your body and the kind of impact you’re getting. So, I decided to change that to enable those who need CBD to get pure, U.S-grown CBD with transparency around ingredients, process, and predictability.

As an e-Commerce business, where are your products made?

In the U.S

How have you marketed the product, and where are your customers originating from?

CBD for foodies, our customers, whether they use it for stress, chronic pain, or sleep issues, are very aware to what they consume and usually consume clean and delicious products.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

Most of the business is automated. It’s probably 2-3 hrs per day.

What does someone need to do to continue operating the business in its current form?

Grow website traffic either organically or paid.

Can you list a few opportunities for a potential new owner to continue growing the business?

Marketing activities, either partnering with influencers/chefs, continue SEO and start paid ads. Also, continuing offline efforts with a new online distributor we partnered with.

What has been the evolution of this asset since its launch?

Mainly developed chef-designed flavors and gummies, setting up everything to be automated for selling in all channels (wholesale, D2C, subscription)

How does this business make money? What are the current revenue streams?

Through D2C and wholesale, but we never properly launched, so the main asset of this business is a true plug & play business (with inventory that worth $80K)

What’s the reason for selling your business on Flippa?

My other business reached eight figures this year, and unfortunately, I don’t have the capacity to invest any time in Plant Power.

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Featured Listing: charterededucation.com https://flippa.com/blog/featured-listing-charterededucation-com/ https://flippa.com/blog/featured-listing-charterededucation-com/#respond Tue, 18 May 2021 10:30:50 +0000 https://flippa.com/blog/featured-listing-charterededucation-com/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

I’m an accountant and when I was training for my chartered accountant exams, I found there were no suitable online resources to practice and revise. I started the site with a few homemade notes, mind maps and quizzes.

As an e-Commerce business where are your products made?

The products are digital downloads.

How have you marketed the product and where are your customers originating from?

The only marketing is through organic traffic to the website; I don’t pay for advertisements.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

I spend less than one hour a month working on the website, but I think it would benefit from someone spending more time on it.

What does someone need to do to continue operating the business in its current form?

Have a good understanding of accounting principles so they can teach others.

Can you list a few opportunities for a potential new owner to continue growing the business?

Products for other accounting markets, like AICPA, ACCA and ICAEW could have strong sales potential.

What has been the evolution of this asset since its launch?

I started the site as a basic blog in 2011 and began posting notes and mind maps. Later I started adding multiple choice quizzes. In 2013/14 I renamed the website CharteredEducation.com and made it into a full time business. I also started selling courses on behalf of another accounting tutor. In 2015 sales were about €7,000 and around that time I changed jobs. This left me with less time to focus on the website so I trimmed back the product offering to the original core products which are easy to update each year.

How does this business make money? What are the current revenue streams?

Most money is from selling digital downloads, and the site makes a little from Adsense.

What marketing channels are most profitable for the business?

Organic traffic

How does the business currently acquire customers and what is your breakdown for marketing costs?

The site doesn’t cost anything in marketing, all sales are from its organic traffic.

How big is your current team? How many people does it take to run this business?

Just me, sometimes I get help from other accountants to review materials and check for errors. I have previously used Upwork for help in creating material for sale.

What’s the reason for selling your business on Flippa?

I’ve retrained as a commercial pilot and have been promoted at work, so I just don’t have the time to focus on providing accounting education anymore.

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Featured Listing: onepulseco.com https://flippa.com/blog/featured-listing-onepulseco-com/ https://flippa.com/blog/featured-listing-onepulseco-com/#respond Fri, 30 Apr 2021 16:20:00 +0000 https://flippa.com/blog/featured-listing-onepulseco-com/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

My name Manar Noubani I’m a 28-year-old Palestinian woman. My degree is actually in art and education. I started One Pulse Collective about 4 years ago in hopes to shed a positive light on Arabs and southwest Asian countries. Now my goal is to spread unity and social justice through clothing. I also wanted independence and my own source of income through my brand.

As an e-Commerce business where are your products made?

My products are made in the US, Pakistan, and Hong Kong. 

How have you marketed the product and where are your customers originating from?

I have marketed mainly on social media and at a lot of conventions and events. Most of my customers are based in the US and the second is Canada.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

Yes, I run almost everything in the business because I found it easy for me. I would outsource photographers and models sometimes and also contact influencers on social media for content and exposure. I spend about 10-15 hours a week on my brand. I’m a pretty laid-back business owner but still made a decent income of 2k a month on average.

What does someone need to do to continue operating the business in its current form?

Be consistent on social media by making content and reaching out to influencers and photographers for videos and pictures, drop a spring/summer and Winter/Fall collection (2 drops) every year. Fulfill orders in a timely manner.

Can you list a few opportunities for a potential new owner to continue growing the business?

I didn’t do much advertising but imagine how much more it’d scale if the new owner ran ads. Also if you add items on Amazon.

What has been the evolution of this asset since its launch?

I started off by focusing on mainly middle eastern customers but then I expanded to a more diverse audience.

How does this business make money? What are the current revenue streams?

I make money through Facebook and Instagram shopping, online orders through the Shopify site, and at conventions or events where clothing is sold.

What marketing channels are most profitable for the business?

Instagram and Facebook

How does the business currently acquire customers and what is your breakdown for marketing costs?

Mainly through the use of influencers and I spend about $450 a month on influencers.

How big is your current team? How many people does it take to run this business?

It’s only me I’ve been running it myself since I started. But if someone wanted to expand and needed more people they definitely can make it happen.

What’s the reason for selling your business on Flippa?

I’m actually pregnant and want to focus my time and attention on my baby coming than my brand (my other baby) lol

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Featured Listing: greatamericangriller.com https://flippa.com/blog/featured-listing-greatamericangriller-com/ https://flippa.com/blog/featured-listing-greatamericangriller-com/#respond Wed, 28 Apr 2021 11:14:38 +0000 https://flippa.com/blog/featured-listing-greatamericangriller-com/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

I started Great American Griller in April 2020 out of a passion for grilling. I am a restauranteur by trade and love grilling on my Big Green Egg.

As a griller, I came across various problems during my barbecues. After doing a bit of market research, I realized I was not the only one who had these problems. I saw an opportunity to serve a market that I was a part of, and wanted to contribute.

After extensive market research, I identified 3 primary products to sell, each a winning product (one has been around for 30+ years).

As an e-Commerce business where are your products made?

China

How have you marketed the product and where are your customers originating from?

I market via Facebook ads

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

~3-5 hours a week – everything is set up so the only thing you need to do is respond to customer service emails (currently fulfilling orders manually but have a 3PL set-up so next bulk order will go there)

What does someone need to do to continue operating the business in its current form?

1) Understand how FB ads work (test new creatives, adjust budgets, etc.) and 2) Have capital to fund inventory

Can you list a few opportunities for a potential new owner to continue growing the business?

With Facebook Ads, you can get to $50K – $100k/ month very easily (Simply test new creatives and increase the budget of your winners). As long as you have the capital for inventory, this is a cash-flowing asset that will continue to produce passive income (all the hard work of getting it off the ground has been done). You can also invest more into Google Ads (which do really well).

Here is my approach to increasing revenue:

1) Amazon FBA – I have set up everything to allow for an easy transition to Amazon FBA (custom packaging with barcodes, Amazon FBA warehouse contacts, etc.) If I had more time, I would do this myself, but currently am at the capacity to add additional workloads.

2) Continue to test creatives – from my peers in e-commerce who focus on Facebook ads as the main source of traffic, it is entirely possible to get to $50-$100K / month (however, you need the capital to purchase inventory)

3) Additional product lines – Current sales are supported across 3 SKUs – unlimited growth if buyer adds more products (seller to provide current growth plan)

What has been the evolution of this asset since its launch?

This started as a passion project that gained serious momentum very quickly. I started it out as a dropshipping store but quickly moved to private label. I have a supplier that I have a great working relationship (a backup supplier as well). 

I have invested a substantial amount of money into content creation ($5K+ product photos, ad creatives, etc.) and it will be part of the sale. In addition, I will provide the contact info for my content creators.

How does this business make money? What are the current revenue streams?

I primarily market my products via Facebook Ads, but I also use Google Ads (much higher conversion, but the buyer pool is smaller).

My typical cost (unit cost + shipment from China) is ~$5, and sell for $63.95 ($57 + 6.95 shipping). The margins are extremely healthy.

What marketing channels are most profitable for the business?

Facebook provides the largest pool of buyers but I found Google Ads is the most profitable (but smaller) pool

How does the business currently acquire customers and what is your breakdown for marketing costs?

I acquire customers via paid social (Facebook Ads) and paid search (Google Ads). My average ROAS is ~2.0x. With my current margin set-up, my COGS is 20%, Ad Spend 50%, and Net Profit 30%

How big is your current team? How many people does it take to run this business?

I have a VA that oversees customer service, but this can run with just an owner-operator setup

What’s the reason for selling your business on Flippa?

I currently do not have the capacity to keep growing this business (I oversee multiple restaurants) and want this to grow in the rights hands of a new buyer. This was a passion project that grew much faster than expected.

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Featured Listing: MaxImmunity FBA https://flippa.com/blog/featured-listing-maximmunity-fba/ https://flippa.com/blog/featured-listing-maximmunity-fba/#respond Thu, 22 Apr 2021 16:58:52 +0000 https://flippa.com/blog/featured-listing-maximmunity-fba/ VIEW THE LISTING ON FLIPPA

Check out our interview.

Tell us a little about yourself. What’s your background? How did you start the business?

We’ve been selling on Amazon since late 2014 and have built a pretty sizable Amazon FBA business. We started mostly in home and kitchen and moved over to health and wellness because we were more excited about the category and we prefer selling products made in the US. Not having to deal with a complicated supply chain and long transit times convinced us to shift entirely to US-made products. 

We saw an opportunity with the pandemic to offer an elderberry supplement in a 2 pack. We were one of the first to do this and have an incredible supplier based out of Colorado. They have really quick lead times and can create pretty much any liquid product we request.

As an e-Commerce business where are your products made?

US

How have you marketed the product and where are your customers originating from?

We have marketed the product through Amazon and Walmart.com. The customers are also coming from the US.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

The listing is pretty passive at this point. We have almost 1000 reviews and so the main responsibility is to ensure that the listing stays in stock. Everything else is taken care of.

What does someone need to do to continue operating the business in its current form?

Basically continue to request ratings to get over 1000 reviews and keep the item in stock. If you want to grow it, I would suggest introducing more products.

Can you list a few opportunities for a potential new owner to continue growing the business?

A new owner could definitely expand this product line since immunity is still a great category. If they are familiar with exporting, could easily bring this product to Canada and port the reviews over.

What has been the evolution of this asset since launch?

We launched less than a year ago and the product has always done well. It is a very consistent product.

How does this business make money? What are the current revenue streams?

We sell through Amazon FBA and Walmart.com.

What marketing channels are most profitable for the business?

Amazon Ads

How does the business currently acquire customers and what is your breakdown for marketing costs?

We acquire customers through amazon ads. The breakdown is pretty much entirely Amazon ads and it currently sits at 23% of revenue.

How big is your current team? How many people does it take to run this business?

Zero we don’t need or have a team at this point since the listing is so stable.

What’s the reason for selling your business on Flippa?

We are going to focus our efforts on some of the larger brands that we have.

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Featured Listing: shiningstyle.com https://flippa.com/blog/featured-listing-shiningstyle-com/ https://flippa.com/blog/featured-listing-shiningstyle-com/#respond Thu, 22 Apr 2021 15:47:08 +0000 https://flippa.com/blog/featured-listing-shiningstyle-com/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

Background in real estate and real estate marketing. Started the business as wanted to build a digital asset (online store).

As an e-Commerce business where are your products made?

We use the dropshipping model. This means we do not hold any stock ourselves. Our suppliers (to who you get access) ship orders directly to the customer. Our suppliers prepay for custom taxes so we can ship to 200 countries worldwide

How have you marketed the product and where are your customers originating from?

Shining Style generates revenue from drop shipping women’s clothing to 200+ countries with the USA, UK, Canada, and Australia being our main markets.

73% of our traffic comes organically/via our 150K social media channels to our website. With the remainder coming from a winning 12.5x ROAS Facebook AD followed by some extra revenue generated via our 5000+ Loyal Affiliate Program

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

Our virtual assistants manage all the day-to-day running such as order fulfillment, marketing (social media + content engagement), and customer support. As a result, I spend 1 hour every week paying the virtual assistants as well as monitoring the operations. The virtual assistants are happy to work with the new owner should they require them.

What does someone need to do to continue operating the business in its current form?

Oversee the virtual assistants (VA) tasks each week e.g. emails are done properly, weekly revenue is strong, pay VA’s weekly. Make sure good content is posted on social media to help the monthly growth.

Can you list a few opportunities for a potential new owner to continue growing the business?

Explore paid advertisements – we only spend $5 to $15 a day on FB ADs

 Email marketing 

Build on our already established affiliate marketing program- 5000+ loyal customers who currently promote and share our brand on their platforms

What has been the evolution of this asset since its launch?

Our organic growth is evident as we have gone from 5k visitors a month to 30k visitors monthly within 12 months. This growth has seen us average $25,482 NET PROFIT throughout Q1 of 2021.

How does this business make money? What are the current revenue streams?

150k followers on Instagram & Facebook

15k email list

Multi Revenue Stream – Main channels include: Website, Instagram/Facebook, Email, and our Affiliate program

5000+ Passionate Affiliates – loyal customers who promote the brand on their social media bring in extra revenue for us.

Virtual assistants engage with and post content directly on social media which helps trigger sales. Using a variety of incentives such as being part of our affiliate program 

What marketing channels are most profitable for the business?

Social media (Instagram – lot of customers come organically)

How does the business currently acquire customers and what is your breakdown for marketing costs?

Virtual assistants engage with and post content directly on social media which helps trigger sales. Using a variety of incentives such as being part of our affiliate program. Facebook we have a 12.5x ROAS. our affiliates also spread our brand which helps direct traffic to our website.

How big is your current team? How many people does it take to run this business?

1 person for customer support/emails/ order fulfillment 

1 head of marketing and social media – manages a team of 20

Around 20ish VAs

What’s the reason for selling your business on Flippa?

I would like to use the funds from the sale of my store to fund a new family home.

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Featured Listing: minitura.com https://flippa.com/blog/featured-listing-minitura-com/ https://flippa.com/blog/featured-listing-minitura-com/#respond Tue, 20 Apr 2021 16:51:48 +0000 https://flippa.com/blog/featured-listing-minitura-com/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

Minitura is a brand I created in March 2019. The site sells miniatures to people who love DIY houses(we even sell a collection of more than 30 models for miniature beginners and kids). The customers will receive kit boxes with all the necessary materials and need to assemble their own mini houses. I mainly sell miniatures to English-speaking countries(Canada, Australia, Ireland, New Zealand, the UK, the US) and have received great feedback.

If you are an e-Commerce business where are your products made?

Yes

How have you marketed the product and where are your customers originating from?

Organic traffic – We are established enough now to drive organic traffic generating sales.

Google ads – I don’t really need to spend a lot of money with Google ads, but the ROAS is very high.

Facebook ads – Facebook ads always make the biggest revenue for me.

Returning customers – We have close to 100 miniature models, customers who have purchased from us before tend to come back often since making miniatures isn’t a one-off thing, it’s a hobby.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

Yes, the asset is owner-operated, the model is already fully automated, you need to spend around 10 hours operating the business weekly.

What does someone need to do to continue operating the business in its current form?

Spend more time on backlinks and referring domains, increase the community consistency, pay more attention to organic traffic.

Can you list a few opportunities for a potential new owner to continue growing the business?

1. Spend more time on organic traffic.

2. Increase some new miniature models.

What has been the evolution of this asset since its launch?

Minitura has gone through many phases of growth and this has changed the way we fulfil orders and treat inventory.

Our current fulfilment process is:

For US orders, we have stored more than 1500 miniatures in our US warehouses. All orders can be synced via ERP and delivered within one click instantly.

For non-US orders, we have another warehouse in China with more than 200 miniatures. The warehouse also provides an ERP system, everything is fully automated.

Once their inventory runs out, I will order more directly from the two miniature factories, they will ship out my order in 2 days and there’s no MOQ requirement.

The buyer doesn’t need to worry too much about the purchasing and fulfilment process since I will provide you with all my connections, the only thing they need to pay attention to is advertisement and brand building.

How does this business make money? What are the current revenue streams?

I make money when customers place orders.

What marketing channels are most profitable for the business?

Facebook and Google ads.

How does the business currently acquire customers and what is your breakdown for marketing costs?

Organic traffic – We are established enough now to drive organic traffic generating sales.

Google ads – I don’t really need to spend a lot of money with Google ads, but the ROAS is very high.

Facebook ads – Facebook ads always make the biggest revenue for me.

Returning customers – We have close to 100 miniature models, customers who have purchased from us before tend to come back often since making miniatures isn’t a one-off thing, it’s a hobby.

How big is your current team? How many people does it take to run this business?

I’m the only one that working on this business. You only need one person to run this business, with another 2 people’s help, more omptimizations can be done.

What’s the reason for selling your business on Flippa?

I’ve been working on another two e-commerce projects over the last half a year. One is a product sourcing business, the other is a wholesale website. Both two projects require lots of attention and cash flow and I am working on them with two teams. Although Minitura is a fully automated brand right now, I really don’t have enough time and extra cash flow to scale the site since I’m the only one working on it. I can provide more information and documentation regarding the validity of my current projects upon request.

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Featured Listing: Digital Pet Art & Canvas Delivery https://flippa.com/blog/featured-listing-digital-pet-art-canvas-delivery/ https://flippa.com/blog/featured-listing-digital-pet-art-canvas-delivery/#respond Tue, 20 Apr 2021 15:48:48 +0000 https://flippa.com/blog/featured-listing-digital-pet-art-canvas-delivery/ VIEW THE LISTING ON FLIPPA

Tell us a little about yourself. What’s your background? How did you start the business?

I graduated from college in North Florida in 2016. After college, I started a small online subscription box business in the pet industry. Over the last four years, I have built and sold three different businesses in the pet industry on Flippa. I started this business about a year ago with the goal to create an automated/outsourced business in the pet industry from home. We have seen some really amazing results, developed strong partnerships, and have been able to donate over 15,000 meals to animals in need.

Check out the video here…

If you are an e-Commerce business where are your products made?

Our digital products are delivered via email and our canvases are made to order in the USA.

How have you marketed the product and where are your customers originating from?

Our most profitable campaigns were run with iHeartDogs. We also have marketing opportunities available with Dodo, Fido Friendly, and more.  We have seen mostly positive but also mixed results with Facebook Ads. If the business does not sell we will be trying out Google & Tiktok Ads in the future as well as developing more partnerships with large pet brands and blogs.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

Everything is automated or outsourced except for customer service. A virtual assistant could be hired to outsource that as well. I spend a couple hours a day on the business answering customer service and looking for new marketing partnerships.

What does someone need to do to continue operating the business in its current form?

The main time consumer that is not currently outsourced is customer service.

Can you list a few opportunities for a potential new owner to continue growing the business?

A big opportunity is branching into other products. Currently, we have only sold canvases but our dropship partner has dozens of great products we can sell. We get 50% off their entire website and there are some truly unique products on there. Additionally, Google and TikTok Ads could be great marketing streams. We have warmed up relationships with many large pet blogs and brands. Continuing this strategy in my opinion is the best way to increase revenue.

What has been the evolution of this asset since its launch?

We have gone from 0 to over $340,000 in revenue in about ten months.

How does this business make money? What are the current revenue streams?

The business currently makes money on digital art sales as well as canvas sales.

What marketing channels are most profitable for the business?

Our most profitable marketing channel so far has been iHeartDogs.

How does the business currently acquire customers and what is your breakdown for marketing costs?

We currently acquire customers from Facebook Advertising, Marketing Relationships, and word of mouth. I will be happy to share the breakdown of each marketing source with any potential buyers.

How big is your current team? How many people does it take to run this business?

I work alone and outsource the art edits & canvas orders to a small team of freelancers.

What’s the reason for selling your business on Flippa?

I am passionate about a new business idea but it needs time and capital to build.

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