{"id":8818,"date":"2021-11-17T03:38:37","date_gmt":"2021-11-16T17:38:37","guid":{"rendered":"https:\/\/flippa.com\/blog\/?p=8818"},"modified":"2021-12-02T01:22:31","modified_gmt":"2021-12-01T15:22:31","slug":"featured-listing-confidential-19","status":"publish","type":"post","link":"https:\/\/flippa.com\/blog\/featured-listing-confidential-19\/","title":{"rendered":"Featured Listing: CONFIDENTIAL"},"content":{"rendered":"https:\/\/youtu.be\/_C3fgNXdVdo<p><\/p>\n<p class=\"is-layout-flex wp-block-buttons-is-layout-flex\"><\/p>\n<a href=\"https:\/\/flippa.com\/11017228-a-1-5-year-old-popular-kpop-store-boy-group-with-220-trustpilot-reviews-selling-merch-over-14-000-unique-visitors-monthly-with-an-email-list-of-37-000\">VIEW THE LISTING ON FLIPPA<\/a>\n<p><\/p>\n<p><\/p>\n<p><strong>Tell us a little about yourself. What\u2019s your background? How did you start the business?<\/strong><\/p>\n<p>My wife &amp; I started it together as we were both Kpop fans and enjoyed BTS Music.<\/p>\n<p><\/p>\n<p><\/p>\n<p><strong>As an e-Commerce business, where are your products made?<\/strong><\/p>\n<p><\/p>\nChina.\n<p><\/p>\n<p><\/p>\n<p><strong>How have you marketed the product and where are your customers originating from?<\/strong><\/p>\n<p>Email marketing, SEO, Paid Ads (Facebook &amp; Google).<\/p>\n<p><\/p>\n<p><\/p>\n<p><strong>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?<\/strong><\/p>\n<p><\/p>\n<p>The owner takes less than 5 hours a week to run the business. A VA responds to all customer inquiries. Marketing agency runs FB &amp; IG Ads. Supplier fulfils and ships all products. Email and SMS messages can be outsourced to a Copywriter or done by the owner.<\/p>\n<p><\/p>\n<p><strong>What does someone need to do to continue operating the business in its current form?<\/strong><\/p>\n<p><\/p>\n<p>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).<\/p>\n<p><\/p>\n<p><strong>Can you list a few opportunities for a potential new owner to continue growing the business?<\/strong><\/p>\n<p>Continue selling more $19.99 monthly subscriptions.<\/p>\n<p><\/p>\n<p><strong>What has been the evolution of this asset since its launch?<\/strong><\/p>\n<p><\/p>\n<p>Started with strictly selling merchandise (transactional), to running a membership at peak with over 100+ monthly recurring members paying $19.99\/month (50% profit).<\/p>\n<p><\/p>\n<p><strong>How does this business make money? What are the current revenue streams?<\/strong><\/p>\n<p><\/p>\nMerchandise sales &amp; monthly subscriptions.\n<p><\/p>\n<p><strong>What marketing channels are most profitable for the business?<\/strong><\/p>\n<p><\/p>\n<p>Emails &amp; Facebook.<\/p>\n<p><\/p>\n<p><strong>How does the business currently acquire customers and what is your breakdown for marketing costs?<\/strong><\/p>\n<p><\/p>\n<p>FB &amp; Google Ads (roughly ~$4k USD\/month).<\/p>\n<p><\/p>\n<p><strong>How big is your current team? How many people does it take to run this business?<\/strong><\/p>\n<p><\/p>\n2.\n<p><\/p>\n<p><strong>What\u2019s the reason for selling your business on Flippa?<\/strong><\/p>\n<p><\/p>\n<p>Needing financial capital to reinvest in Crypto assets and FBA stores.<\/p>\n<p><\/p>\n<p><\/p>\n<p><\/p>\n<p class=\"is-layout-flex wp-block-buttons-is-layout-flex\"><\/p>\n<a href=\"https:\/\/flippa.com\/11017228-a-1-5-year-old-popular-kpop-store-boy-group-with-220-trustpilot-reviews-selling-merch-over-14-000-unique-visitors-monthly-with-an-email-list-of-37-000\">VIEW THE LISTING ON FLIPPA<\/a>\n<p><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>https:\/\/youtu.be\/_C3fgNXdVdo Tell us a little about yourself. What\u2019s your background? How did you start the business? My wife &amp; 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 [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":8827,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"footnotes":""},"categories":[394],"tags":[],"dipi_cpt_category":[],"acf":[],"_links":{"self":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts\/8818"}],"collection":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/comments?post=8818"}],"version-history":[{"count":0,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts\/8818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media\/8827"}],"wp:attachment":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media?parent=8818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/categories?post=8818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/tags?post=8818"},{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/dipi_cpt_category?post=8818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}