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$1,000 USD

My Crypto . Store

mycrypto.store

Appears in Electronics and gadgets , Business and Franchises under $5,000, Australia, New South Wales, Sydney

General description

My Crypto Store allows people to spend Bitcoins on high value tech items. We are one of the only few websites that allow people to purchase high value and brand named goods like iPhones and Samsung galaxies etc... The website acts a vendor to carry out the sales of these goods. It also allows users to suggest a product to be added and purchased within the site. The site facilitates the whole bitcoin payment process.

The site started running mid way through December 2017, and the first two weeks of January. Unfortunately, I was too busy to keep processing orders and didn't have time to put funds into advertising. Another project has taken away too much of my time.

I would love for someone else to take over the site, as there was a lot of work that went into the back end of the site, and the coding to set it up to advertise in and accept bitcoin.

It is an easy site to run. It makes 3% profit per sale, most goods are over $1000 in sale price. So even with a low Quantity of sales it does well.

Currently it is for the Australian market, and only accepts Bitcoin. It would be easy to apply to other markets and would be able to accept other coins. It take minimal work to get going again.

Please let me know if you have any questions.

Financials and traffic

The site was only run for a month (1.5), with zero marketing. Due to another project I was way too busy to process orders. It is an easy profit, and easily maximised with marketing and weekly input.

Average profit/month

$300 USD

Average overall profit margin

3%

Average number of sales/month

3

Total revenue for last 8 months

$9,926.00 USD

Total traffic for last 8 months

1,452 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

The website requires some capital to ensure liquidity. It takes 1-2 business days for the funds to come through from BTC, and capital is needed for the purchase of the goods. Zero risk within this process.

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions (ie. Mailchimp, apps)

$1.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$1.00/month

Domain

$0.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

mycrypto.store

Instagram

mycrypto.store

Social media followers

336 people

Q & A

Why should someone buy this store?

Easy store to manage, and the potential for larger profits exists. It needs some active marketing and input. After setting up, I had another busy project take over my time.

I will happily help you take over the site, and offer continual assistance if needed. Weekly inputs = active marketing, answering questions, processing orders, occasional catalogue updates.

The store is currently set up for the Australian market, but really easy to take to another market. I can also help this set up.

How can the future owner improve the business?

Marketing Update catalogue Other locations (US, Europe, etc...) VERY SCALABLE

What work have you put into the store?

Custom code to display all prices in Bitcoin, connect with Bitpay. All back of house management documents, legal, logo, social media etc...

How many hours does it take to run this business per week?

8 hours

$1,000 USD

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