Multi-vendor digital products marketplace for sale, offering graphics, themes, templates, fonts, and more for female entrepreneurs. The marketplace has 95 vendors, selling over 2,400 products.
Multi-Vendor Marketplace Earning $566/Mo
This business is similar to Creative Market, Envato, and Theme Forest. Offering website themes, graphics, templates, fonts, stock photos, and printables.
Digital product creators can list their items on the site, and the site owner takes a percentage of sales.
This marketplace starter site gets 18,000 monthly pageviews.
This marketplace site is getting diversified traffic with organic search being the top referer.
Revenue & Expenses
The business earns an average of $566 per month. After expenses, the profit is an average of $257 per month.
The majority of the expenses are spent on a non-essential virtual assistant and the higher than necessary vendor commission payouts.
The new owner could bring these expenses down significantly by lowering the vendor commissions (vendors currently get 75% of their sales which is 5% higher than comparable digital asset marketplaces.)
As well as hiring a more affordable virtual assistant, or performing the VA’s duties (pinning to Pinterest, updating the site) themselves or with an in-house team.
Please see the profit and loss sheet for more details.
Seller Interview: How The Business Is Run
This multi-vendor digital products marketplace has 95 vendors, selling over 2,400 products. When a sale occurs, the owner pays the vendor’s portion of the sale (commission) out each week.
Q. What is the approval process for new vendors?
The vendors submit an application including a URL to a portfolio in order to apply. Once their portfolios are reviewed, they are manually approved or denied.
Q. Do the vendors manage their own shops?
Yes, the vendors add their own products to the marketplace and manage their own listings. They manage their own shops. They add their own products, create their own coupons, etc.
The owner does not need to manage any of the listings, but they can at any time if they want to.
Q. Do you have contracts with the vendors?
Vendors are required to agree to the site’s terms and conditions (https://ladybossboutique.net/terms-and-conditions/) when they apply but no contracts are in place. The new owner could implement contracts.
Q. How do you manage the payouts for the vendors?
The owner does weekly payouts on Wednesdays for sales earned in the previous week. There’s a minimum $10 commission amount to send their payout. If a vendor has earned $8.95 for example, they don’t pay the vendor (unless they specifically ask for it), it accumulates until there is at least $10. Payments are paid via PayPal.
Q. How do you handle CUSTOMER refunds FROM THE SHOP?
For refunds, customers are required to contact the vendors directly. Once they speak to the vendor if the vendor chooses to refund they tell the owner, and the owner issues a refund.
If the vendor is not responsive, or there is a dispute, then it’s at the owner’s discretion to decide. The owner has never had a vendor refuse a refund, but has had non-responsive vendors (i.e. they were away and didn’t reply in an acceptable amount of time) and the one case where that happened, the customer was refunded without a dispute from the vendor.
What’s Included In The Sale
➤ All website files and database (Platform: WordPress.org)
➤ Domain ladybossboutique.net, ladybossbizboutique.com, ladybossbizbox.com
➤ All website content
➤ Facebook page (566 followers, 522 likes), Instagram account (968 followers), Pinterest account (486 followers).
➤ Email list with 2,500 subscribers
➤ Digital Products (courses, ebooks)
How To Buy This Business
This business has sold. Contact us with any questions, and to inquire about any of our other listings below: