A Shopify Slack Bot

Listing Details

Official app listing: https://apps.shopify.com/shoppy-a-better-shopify-slack-app-by-emerald-io

Website: https://shoppy.emerald.io/

Description:

Shoppy connects your Shopify store with Slack so you can receive important order notifications and summaries sent straight to Slack, reducing the amount of time you spend pulling order data and giving you more time to focus on growing your store.

Shoppy has over 1,000 downloads and has sent over 1,030,000 notifications to date. 

Justification for valuation:

• Shoppy is entirely automated and now brings in money with 0 work
• To date, Shoppy has had an average monthly growth rate of 17.7% with with an average of 9.4% growth in the most recent 5 months
• Shoppy's gross ARR is $2,616.
• Valuation is a 9x of gross ARR ($23.5K) given the low level of effort, growth rate, and potential upside (I have done 0 marketing, no social, etc. so you can probably increase users and revenue quickly)

How can the buyer take this project further?

I've spent $0 on marketing; instead, relying on the Shopify app store to bring in new users. A buyer could focus on marketing, filling the top of funnel, and converting those leads into users.