Featured Listing: 4-Year-Old Service Business in the Internet Industry

About the business

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

I have been in the marketing field for several years and something I always saw a lack of support for was small businesses. The hardest part is getting off the ground, with this in mind I created Ridley Solutions and quickly gained traction from small brands looking to get online and grow. Whether they are only selling at a local market or an established B2B company these small businesses need the most all-around help.

As an eCommerce business, where are your products made?

not an e-commerce business

What can you tell us about your Customer Lifetime Value (CLV) and Customer Acquisition Cost (CAC)

The customer acquisition cost is zero, advertising has never been done.

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

The customers have found the company organically and no advertising has been done for Ridley Solutions

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 company is currently owner-operated but can be easily outsourced. I currently spend about 4 hours per week with one client.

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

To continue operating the business in its current form someone would need to maintain Amazon, Shopify, eBay, and Walmart stores

Growing the business

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

There are several opportunities to continue growing the business. There has never been any advertising done for the business and with the use of Google and social media ads, this could grow substantially. I would also look into outsourcing the work and this could become a fully passive income stream or easily grow in size.

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

I have slowly added more services and packages as the business grew over time to offer a more rounded solution for small businesses to be able to stay in one place.

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

The business makes money by keeping the clients on monthly retainers as well as one-time setup fees for online sales platforms or the creation of a Shopify website. There is currently one client for the revenue stream

What marketing channels are most profitable for the business?

There has been very little marketing done for the business but the most profitable has been through calling smaller companies and getting to know how they work and what they need. It is surprising how many companies don’t know what to do.

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

The marketing cost is ZERO. Customers have been acquired through outreach

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

This is a 1 person owner-operator business

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

I sadly do not have the time to devote to this business and I know that with the right person it could grow into something huge.