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https://youtu.be/_C3fgNXdVdo
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Tell us a little about yourself. What’s your background? How did you start the business?
My wife & I started it together as we were both Kpop fans and enjoyed BTS Music.
As an e-Commerce business, where are your products made?
China.How have you marketed the product and where are your customers originating from?
Email marketing, SEO, Paid Ads (Facebook & Google).
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 owner takes less than 5 hours a week to run the business. A VA responds to all customer inquiries. Marketing agency runs FB & IG Ads. Supplier fulfils and ships all products. Email and SMS messages can be outsourced to a Copywriter or done by the owner.
What does someone need to do to continue operating the business in its current form?
Just take over the business and decide whether email and SMS copy (for sales and promotions) should be done by the owner or outsourced (we have connections to refer to).
Can you list a few opportunities for a potential new owner to continue growing the business?
Continue selling more $19.99 monthly subscriptions.
What has been the evolution of this asset since its launch?
Started with strictly selling merchandise (transactional), to running a membership at peak with over 100+ monthly recurring members paying $19.99/month (50% profit).
How does this business make money? What are the current revenue streams?
Merchandise sales & monthly subscriptions.What marketing channels are most profitable for the business?
Emails & Facebook.
How does the business currently acquire customers and what is your breakdown for marketing costs?
FB & Google Ads (roughly ~$4k USD/month).
How big is your current team? How many people does it take to run this business?
2.What’s the reason for selling your business on Flippa?
Needing financial capital to reinvest in Crypto assets and FBA stores.
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