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SELLER GUIDE
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3,970
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191 Watchers
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Another Ecommerce Store Business
SOLD
Sale Assisted By: Alex Cardenas Broker Onboarding Manager, Europe
Seller Location
Denmark
Buyer Location
United States
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Ecommerce Store

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Ecommerce Store | Design and Style

Verified Listing
Automated luxury jewelry made on order auction business, selling through online auction platform and own auction website with manufacturer and 1 hour work week.
Ecommerce Design and Style Sponsored Confidential
Business Location
Site Age
4 years
Monthly Profit
USD $8,447 /mo
Profit Margin
42%
Profit Multiple
0.3x
Revenue Multiple
0.1x
Ecommerce Design and Style
Sponsored
About the Business

This anonymous jewelry auction business initially used a third-party platform for auctions, but has recently launched its own online auction site. Auctions are now run on both the external platform and the company's website. Items are manufactured post-payment, and then delivered to the customer. The business organizes auctions by setting up lots in advance, involving tasks like product descriptions and connecting images to lots. Auctions can be run live or automatically, although live auctions tend to attract more attention. In February and March 2023, revenue from auctions varied, with February's sales significantly higher. A substantial portion of revenue comes from auctions, which on average occur every 1.5 months, gathering $162,000 in total sales for 2022. Marketing and production costs each play a significant role in business expenses. Marketing primarily involves on-site promotional strategies, yielding a return of four to five times the investment. Opportunities for growth include increasing auction frequency, enhancing marketing efforts—particularly via email marketing, and expanding to additional sales platforms. Challenges include non-paying bidders, though a system exists to mitigate this. The business is being sold due to its growth beyond the owner’s capacity to manage alongside other projects. Auction platforms sometimes encounter non-paying winners, affecting potential earnings. Expanding auction frequency and leveraging more marketing avenues present significant growth opportunities. The business includes a website, social media resources, auction platform access, operational guides, supplier contacts, and some inventory. With increased auction activity and marketing, profitability could be doubled.
Ecommerce Design and Style
Sponsored
Vetted Listing

This quality listing has been vetted by the Flippa team or the broker to ensure accuracy of the information provided.

Our vetting team has reviewed this listing and verified:

  • Revenue
  • Primary Expenses
  • Traffic
Payment Methods
Escrow.com
FlippaPay
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0 Comments
3,970
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191 Watchers

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