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Online Sustainable Fashion Platform For Sale

Relocatable to anywhere in the world, Auckland, New Zealand
Asking Price:
$90,000 (NZD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

https://rize.fashion

It is a curated online e-commerce marketplace that helps sustainable fashion lovers from around the world to discover and shop the latest emerging sustainable brands. Our current target market is globally distributed and as such, the business is well-positioned to spread the risk of recession in individual markets.

This is a startup business that has been developed to the stage where it is off the ground and launched around a year ago.

This is a relocatable business that can be operated from anywhere in the world and a great opportunity for anyone that recognizes the potential for such an online business in the times of COVID and beyond.

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How does it work?
It works similarly to sites like Etsy — our platform works as a venue where transactions take place between customers and sellers (sustainable fashion brands). We hold no inventory so we have less overheads. Our brands list their products on our site and when a sale is completed, payment is split between the brand and Rize (we take a commission on sales). This commission split happens automatically at checkout through an API with our credit card payment processor Stripe. After the completed checkout process, the brands themselves take responsibility for shipping to the customer and any returns etc. Rize’s commission is currently set at 10% but there is scope to review this — other fashion platforms like Farfetch and the Iconic work on a 50% commission so brands are comfortable with a higher rate.

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Where we’re at
Building an online marketplace is an enormous undertaking. The technical development side of Rize alone took over two years to complete. In this section, we will outline the current position It is in.

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Branding and trademarking.
The company has undergone a brand identity process that has created a strong and recognizable visual identity with a quality brand positioning. The design system includes a number of brand assets for use in marketing.

We hold registered trademarks for the Rize name in class 35 and 25 in NZ and EU.

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Website.
Our website includes the following features/functionality:

Multi-vendor e-commerce marketplace
The website has been developed as a multivendor e-commerce platform which allows users to apply to sell on the website and when approved, list and sell items on the site. We have created a custom integration with Shopify so that our brands can import products from their existing Shopify web stores. The site is currently translated into a variety of different languages using the Weglot service that again uses geo IP recognition.

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Payments
Our website integrates with Stripe for credit card payments. All transactions on Rize are in USD and the commission is converted to NZD when Stripe transfers to the company current account. Pricing is displayed with a local currency equivalent - using geo IP recognition.

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Affiliate programme
Our site has an integrated affiliate programme that allows affiliates to register then promote Rize in return for a commission on sales that are tracked to their unique affiliate tracking code.

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Analytics and tracking tags
Our website has Google Tag Manager installed with tags for Facebook, Google Universal Analytics and Full Story for real-time screen recording of customer behaviour.

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Blog
The site also includes a blog that is used to profile our brands and to cover topics that help to position Rize as a thought leader.

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Number of brands
We currently have 56 brands from all across the globe - from the UK, Spain, France, Portugal, Germany, Belgium, Bali, Iceland, Ireland, Italy, Switzerland, United States, Mexico, Lithuania, Egypt, Sweden, Thailand, Australia and New Zealand.

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Number of products
We currently have 721 product lines listed on our site with prices ranging from USD $20 – USD $1,111.

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Social media
We have social media channels set up and branded for Instagram, Facebook and Pinterest. Along with advertising accounts set up for Instagram and Facebook.

Our store inventory is linked to our Facebook and Instagram accounts so that followers can shop from our social media.

Our Instagram account at the time of writing has 3,366 followers. Our Facebook has 123 followers so can be built on. Our Pinterest account has 4.9k monthly views.

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Marketing automations
We have created automations for Pinterest and Facebook that automatically post products to those social channels - removing the need for these to be managed manually, saving on manhours.

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Mailing list
Rize uses Mailchimp for our email-based marketing. We have automated email campaigns that are set up to automatically post out emails about our latest blog posts and latest products. Our mailing list at the time of writing has a little over 300 subscribers.

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Contact database
We have contact details of around 1,000 brands in our database, along with contacts for influencers, Fashion specialist PR companies and media outlets.

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Support system
Rize also has a support system that is set up with Freshdesk. Support requests are submitted via contact forms on the website and managed through a ticket-based system. The system also picks up messages from Facebook messenger.

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Why we’re selling.
Rize is our baby but we are also involved in a number of businesses and as a result, we, unfortunately, lack the time to invest in marketing Rize and build it to its considerable potential. The global fashion market is huge and the sustainable fashion niche is the fastest growing sector of the industry. As a consequence of our limited time and funds, sales are below their potential and this is reflected in the asking price which is well below the cost of building such a platform.

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Included in the sale.

There are no physical assets included in the sale. The sale includes the transfer of ownership of the following:

Company bank account
The Rize e-commerce website - master admin login details, FTP access.
Domain registration
Web hosting
Trello boards
Stripe account
Contact database
Email marketing - Mailchimp
Existing email history + new company email address
All brand assets - design files, logos and images
Trademark registration
Fixer account - used for the currency translation
Weglot account - for language translation
Facebook account
Instagram account
Pinterest account
Youtube account
Google Suite - Google Analytics, mail etc.

If interested, please contact us by filling the form given below.

Property Information

Location:

Online

Business Operation

Expansion Potential:

There is enormous potential to grow the customer base in the huge global fashion market and the specific sustainability niche.

Reasons for selling:

Rize is our baby but we are also involved in a number of businesses and as a result, we, unfortunately, lack the time to invest in marketing Rize and build it to its considerable potential. The global fashion market is huge and the sustainable fashion niche is the fastest growing sector of the industry. As a consequence of our limited time and funds, sales are below their potential and this is reflected in the asking price which is well below the cost of building such a platform.

Trading hours:

24/7 - online trade.

Employees:
0
Years established:
1

Other Information

Support & training:

We will offer a training session to take you through the use of all of our systems.

Website:
Login or register to view link
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
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