Started in December 2020, this company sells a patented phone accessory with a proven product-market fit.
Customers rave about the high-quality product design that offers an innovative solution to an everyday problem. The brand includes trademarks, a design patent, solid manufacturer and 3PL contacts, B2B customer relationships, and more, with the potential to unlock massive growth with the right operator.
The founder initially launched the first product on Indigogo in a highly successful campaign. The product has been featured in several major media outlets. This attention has garnered the company an email list of over 10,000 subscribers, but the model of taking presales to fund inventory and the resulting delayed shipping have limited sales overall for the product. Simply keeping inventory on hand could increase revenue.
A good operator should be able to apply general marketing tactics, including PPC and email marketing, to grow the business. Additionally, the product has not yet been launched on Amazon; expanding sales channels could further drive sales. The existing customer base could be used to expand the product line and test new designs.
There are countless ways to scale the business; however, the owner lacks the funding and time needed to sustain inventory and marketing to grow. This is a distressed business as inventory has been out of stock since June. The owner is committed to a smooth transition and will provide training and post-sale support.
This business is currently under offer and therefore no longer available. Join the waiting list to be notified if it becomes available again
Elaine is passionate about entrepreneurship and has a track record of success in online business. She started her first profitable eCommerce business on Etsy in 2009 and has built 3 more businesses since, including a content site, an online subscription service, and a multi-million dollar eCommerce brand. She exited her most recent venture with Quiet Light brokering the deal.
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