- Avg. revenue /month$4,934
- Avg. sessions /month6,455
- Avg. profit /month$3,732
Why this business was started
I wanted to give dropshipping a try after seeing it online. Thought it was a neat business model.
The reason of selling this business
I run a successful offline business and recently due to the decision to expand some of our operations. It is going to need more of my time as I grow that business. It saddens me to let this store go because it has a lot of potential but I know it is the right thing for me to do. If I keep hanging on to it thinking I might make more time for it to grow it into something massive. I would either not have any time for my family or have my offline business suffer. I know there are a ton of entrepreneurs out there that can take what I started and scale it into someone massive
What's involved in running this business
Most of the time is spent looking to see if there are new products to add. (Which doesn't take a lot of time) The rest is fulfillment, answering customer emails, looking at the ads. It isn’t something that takes a ton of time to run since most of the day to day tasks can be completed within 20 minutes a day.
Traffic and Performance
- Avg. revenue /month$4,934Verified
- Avg. sessions /month6,455Verified
- Avg. profit /month$3,732
- Profit Margin49%
- Avg. sales /month105
- Shopify plan
- Abandon cart, Bulk discount
Physical inventoryNot Included
Logo and branding assetsLogo will be transferred via Google Drive.
Personal support after sale2 weeks of unlimited email support. During that time, I will respond within 24 hours. Feel free to ask me about ads, business model, choosing products that work, launching ads, customer service etc.
Product photosThose will be on the website already, will remain untouched.
Social mediaNot Included
SuppliersWill give direct contact with the suppliers I use. If there are any issues, they will solve it within 24 hours. They are easy to communicate with and respond really quick.
How to grow this business
This store has a ton of potential to expand and develop into a brand. I would focus on growing a social media presence (pinterest, instagram, facebook and youtube etc.) Either organically or through paid channels, it would allow the store to develop a loyal customer base that is the exact people you want to target for these products.
In this sale of this store, I would be handing over a document with information regarding growing on Pinterest and facebook organically since I have experience doing so. I have grown an instagram account to 30k (organically) with active engagement in a couple months. That knowledge I have developed would be part of the sale so the future owner can take advantage of creating a free channel that can generate sales. I have also grown on pinterest (organically) In a 3 months time I was able to get a pinterest page from 0 to 10M monthly views and over 5k followers of the page. The exact strategy would be part of the sale in a form of a document.
I would also focus on expanding to different platforms and advertise on them. To name a few you could start advertising on Google Adwords, Pinterest, Snapchat, Youtube. Those platforms have their own version of the pixel allowing you to retarget across platforms no matter where the potential customer initially came from. This will increase the chance of conversions and retargeting campaigns makes it super easy to convert people compared to cold traffic.
With this store comes past customers that you know are interested in a specific niche, it would be super easy to generate additional sales via email marketing channels when you launch a sale or introduce a new product to the store.
After a certain point, I would encourage the future owner to hire a VA to handle day to day things like customer service, finding new products, fulfilling orders etc.
Skills to have
I would suggest the future owner be able to understand the dropshipping business model. With the sale of the store, I am giving the future owner the ad copy I used that works, the ad itself that I spent hours creating. (Even if it is a 30 second ad, it takes time to find clips, write a convincing script, find a thumbnail that works and split test different ones to finally rule out the true winner) Included in the sale is the interests I used that have worked for me to generate the sales I did and new products within the niche that I see potential in. (I will include ad creative for each of the products, the thumbnail, the ad copy that could work and interests to target for those products.)
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
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.