I started his business back in May 2020, I actually found this product in a article talking about some good product inventions made in the 80s and since I had never seen this product before I though I'd ask my agent if they could supply it.
I found clips from some Canadian brand that was also selling a similar product and created a video from it and started to advertise the product, and since then I have been able to get some amazing results.
The reason of selling this business
There are a few reasons for selling this store, the main one is that I have other stores running that I have invested stock in the United States for and the management of these stores does take a lot of time.
But if that was the only reason then I could still of course make this store work and would instead keep it as the process is so simple and automated, however an issue with this product is finding a supplier with enough stock.
The fulfilment centre I used before COVID actually stopped their China fulfilment and focused only on their US warehouse, so I had to look for other options if I wanted to test products. I was able to find a good fulfilment centre and started testing this product, but the only thing was that the suppliers they would find for me weren't reliable at all, the supplier would say that they have a few thousand units but as soon as we start getting only 10 orders a day, we'd get a message from the supplier saying that they're out of stock and the thousand units are still in production.
This was of course very frustrating and it happened many times, we had a period where we had to scale down by a lot just because of stock availability. Now we have been able to find more reliable suppliers, but at the same time the availability is only 50-100 units a week as I believe they are constantly manufacturing it.
And to be honest I'm not a very patient person and I believe I have got this store to a point where I can flip it for a good amount, so I'd much rather flip it.
(Also as a side note before someone asks, my credit card expired in August so I have been unable to continue running ads. I was using my HK credit card from the UK, and am currently waiting for my card to be shipped to me in the UK. The parcel was actually shipped on July 6th and has still not arrived which I know if very ridiculous and I can also send proof if you think I'm lying.)
What's involved in running this business
The business involves selling a certain high quality fitness product at a premium price by presenting our business as a brand to all our potential customers.
As for the fulfilment side, we use agents in China for the fulfillment of all our orders, we can also recommend the agents we used for this store to the buyer.
This business was founded:4 months ago
Time to run this business:approximately 10 hours per week
Traffic and Performance
Avg. revenue /month
$23,215
Verified
Avg. sessions /month10,605Verified
Avg. profit /month
$9,200
Profit Margin30%
Avg. sales /month309
Other details about profit:Valued at $65,000 by Exchange, this business is a highly profitable and automated one product store that has generated $90,000 in revenue within 3 months with a rough 30% profit margin.
Total revenue
$92,859
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
42,420Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$14
/year
Paid Apps
$60
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
I will transfer over all the logo files for the business through email.
Personal support after sale
I will be available for around a month after the sale to answer any questions and help in any way I can.
Domain
Product photos
These assets are already in the Shopify admin.
Social media
Suppliers
I can get you in contact with my agent for fulfilment if needed.
Mailing List
1,500subscribers
Seller‘s Advice
How to grow this business
First I would focus on finding an incredible supplier for this product and building really good relations with him/her. And while the whole coronavirus situation is still going on, I would focus on sticking to China fulfilment, but once everything calms down the best thing to do would definitely be moving to US fulfilment and private labelling the product as there is a very high demand for this product in the US.
Skills to have
This business would be perfect for both beginners and veterans in the dropshipping space. It would provide beginners with the most simple way of entering the dropshipping space and make good revenue from the start as this is already a proven product with a proven website, and the stock availability shouldn't be much of an issue for a beginner at the start.
And for veterans who know what they are doing, they could potentially scale this to the moon as I have mentioned before as everything in this store has been set up. All that the buyer would need is good advertising strategies and a good sourcing connections where they may be able to get a lot more units of stock.
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Encrypted payment capture
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Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.
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