{"id":9526,"date":"2021-12-16T02:28:02","date_gmt":"2021-12-15T16:28:02","guid":{"rendered":"https:\/\/flippa.com\/blog\/?p=9526"},"modified":"2022-01-14T03:39:00","modified_gmt":"2022-01-13T17:39:00","slug":"featured-listing-zoom-essential","status":"publish","type":"post","link":"https:\/\/flippa.com\/blog\/featured-listing-zoom-essential\/","title":{"rendered":"Featured Listing: Zoom Essential"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">About the business<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Featured Listing: Zoom Essential\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/1Y5iIRxahDE?feature=oembed\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/flippa.com\/11036231-a-1-5-year-old-e-commerce-store-selling-everything-you-need-to-work-from-home-average-monthly-revenue-is-close-to-13k-with-net-profits-around-4-100-month\">View the listing on Flippa<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Tell us a little about yourself. What\u2019s your background? How did you start the business?<\/strong><\/p>\n\n\n\n<p>We are university students studying in Singapore. We originally started a professional portraiture photography company but as events stopped during the pandemic, we pivoted to this e-commerce business.<\/p>\n\n\n\n<p><strong>As an <a href=\"#\">eCommerce business<\/a>, where are your products made?<\/strong><\/p>\n\n\n\n<p>They are sourced from reliable and experienced manufacturers in PRC.<\/p>\n\n\n\n<p><strong>What can you tell us about your Customer Lifetime Value (CLV) and Customer Acquisition Cost (CAC)<\/strong><\/p>\n\n\n\n<p>The average CLV is around US$90-100 while the average CAC is US$18.<\/p>\n\n\n\n<p><strong>How have you marketed the product and where are your customers originating from?<\/strong><\/p>\n\n\n\n<p>We have mainly marketed our products via Facebook Ads and our customers mostly originate from the US.<\/p>\n\n\n\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\n\n\n<p>The business is owner-operated, and it takes around 3-4 hours per week to run it smoothly. A dropshipping agent is required but fret not as we will pass on his contact to the buyer of this business.<\/p>\n\n\n\n<p>Rather, what is NOT automated are the sending of orders to our dropshipping agent, crafting\/monitoring of Facebook Ads, and handling of customer enquiries.<\/p>\n\n\n\n<p><strong>What does someone need to do to continue operating the business in its current form?<\/strong><\/p>\n\n\n\n<p>Sending of orders to our dropshipping agent, crafting\/monitoring of Facebook Ads, and handling of customer enquiries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Growing the business<\/h2>\n\n\n\n<p><strong>Can you list a few opportunities for a potential new owner to continue growing the business?<\/strong><\/p>\n\n\n\n<ol><li>Target customers below the age of 40<\/li><li>Target customers outside the US<\/li><li>Use other methods of advertising such as YouTube\/TikTok and Instagram<\/li><li>Ramp up organic traffic by improving SEO<\/li><li>Increasing the range of products offered<\/li><\/ol>\n\n\n\n<p><strong>What has been the evolution of this asset since its launch?<\/strong><\/p>\n\n\n\n<p>We started with 3 main products but we added 1 more along the way. We have also automated various tasks and processes such as the sending of tracking numbers to customers by hiring a programmer to create some Python code.<\/p>\n\n\n\n<p><strong>How does this business make money? What are the current revenue streams?<\/strong><\/p>\n\n\n\n<p>Its revenue stream is through the selling of products listed on our website.<\/p>\n\n\n\n<p><strong>What marketing channels are most profitable for the business?<\/strong><\/p>\n\n\n\n<p>Facebook Ads.<\/p>\n\n\n\n<p><strong>How does the business currently acquire customers and what is your breakdown for marketing costs?<\/strong><\/p>\n\n\n\n<p>99% of customers are acquired through Facebook Ads. 13-25% of revenue are spent on marketing.<\/p>\n\n\n\n<p><strong>How big is your current team? How many people does it take to run this business?<\/strong><\/p>\n\n\n\n<p>The business was founded by 2 people and we currently work with a dropshipping agent. It takes 2 people to run this business, including the agent.<\/p>\n\n\n\n<p><strong>What\u2019s the reason for selling your business on Flippa?<\/strong><\/p>\n\n\n\n<p>We have decided to focus more on college.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/flippa.com\/11036231-a-1-5-year-old-e-commerce-store-selling-everything-you-need-to-work-from-home-average-monthly-revenue-is-close-to-13k-with-net-profits-around-4-100-month\">View the listing on Flippa<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>About the business Tell us a little about yourself. What\u2019s your background? How did you start the business? We are university students studying in Singapore. We originally started a professional portraiture photography company but as events stopped during the pandemic, we pivoted to this e-commerce business. As an eCommerce business, where are your products made? [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":9528,"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\/9526"}],"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=9526"}],"version-history":[{"count":0,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/posts\/9526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media\/9528"}],"wp:attachment":[{"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/media?parent=9526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/categories?post=9526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/tags?post=9526"},{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/flippa.com\/blog\/wp-json\/wp\/v2\/dipi_cpt_category?post=9526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}