- Avg. revenue /month$50,196
- Avg. sessions /month28,911
- Avg. profit /month$10,000
Why this business was started
House Things Australia This is well branded a high ticket online home furniture drop shipping business. We are mainly selling Beds, Bar Stools and Rugs. We also sell Outdoor furniture which is seasonal but very high ticket value in the summer months. The total average order value is around $500 - $650.
I started this business with the goal of working from home without inventory or the need for warehousing.
My goal was to build it up so I could appoint a Virtual Assistant to run the business operations without me being involved in the day to day running. I have achieved that goal in less than 18 months.
The reason of selling this business
I am now looking into a new challenge which will take all of my time and may require investment funds for my next venture.
What's involved in running this business
I usually spend a few hours per week managing our FB ads and product range as well as trying to improve the website.
Traffic and Performance
- Avg. revenue /month$50,196Verified
- Avg. sessions /month28,911Verified
- Avg. profit /month$10,000
- Profit Margin30%
- Avg. sales /month150
- Shopify plan
- Current list of apps
- Facebook and Google average ad spend
- Digital marketing agency
Physical inventoryNot Included
Logo and branding assetsAll logos and Images will be included with the business. The files are JPEGs I can also include the Canva login so you have the actual file where the logo was created. This also contains our marketing templates we use to create facebook ads as well as our website templates.
Personal support after saleI will offer support for one to two weeks if required after the sale to ensure a smooth transition. If our current VA stays on with the business she can provide training for the operational side of the business.
Product photosAll photos are already on our website or supplied from our suppliers.
SuppliersYou will receive all our suppliers contact details and ordering processes which varies with each supplier.
How to grow this business
House Things is a well branded Australian based furniture store.
House Things sell beds and mattresses, outdoor furniture, stools, chairs, rugs and more.
The current business model is drop shipping. But there are opportunities to import if you wanted to grow the business with the potential greater margins and unique products.
The benefits of the drop shipping is that no warehousing or stock is required.
Our goods are all shipped from within Australia so can be immediately shipped from supplier to customer.
The business can be operated from anywhere in the world.
housethings.com.au is a premium domain name which attracts a considerable amount of organic traffic and ranks along side some of Australia's largest and well established branded furniture stores.
The business began in July 2020.
The business is predominantly managed by a Virtual Assistant from the Philippines. The assistant deals with customer enquiries, order processing, returns, dealing with suppliers and tracking orders with couriers.
My main role as the business owner is marketing and sourcing and updating our products and website using Shopify.
How to grow this business
This business has seen amazing growth in its first 12 months. Going from $0 - $1.2 mil in 12 months.
I have now set up the business to a point where is has become virtually autonomous although I still keep a close eye on operations daily.
I had spent countless hours and energy into establishing and automating the business. I currently spend only a few hours a week working in the business. I have built it to a stage where I can now focus my attention elsewhere. This business has outstanding potential for growth. This could be achieved in a number of ways;
Expanding and refining the product range and pricing. Improving marketing such as: Refining and Improving Facebook Ads Growing Instagram and Organic Facebook channel Adding a Youtube channel Tik Tok Influencer Marketing Improving Google ads PR Marketing Adding sales channels - eg, Ebay, Multiple Marketplaces, Amazon etc
Ways to grow the business
Improve the conversion rate currently around 0.4 - 0.5% Scale the ad spend on the areas which are profitable. Sourcing products for exclusivity and higher margins.
There is also a huge opportunity to find individual winning products exclusively and focus on marketing them. Products could be imported from China or elsewhere for higher margins if you decided to warehouse products.
House Things has strong logo and branding which has the opportunity to add any products which are related to the home. There is opportunity to add new product categories such as cookware, bed sheets, linen, homewares, kitchenware, home appliances and much more to create more repeat business and build loyalty from our customer base.
Massive growth Potential
It is important to note that several of the biggest competitors in our industry are turning over hundreds of millions of dollars per year, which shows the huge potential of growth which can be achieved by growing the store. It is easy to find this information as these companies are public listed companies which provide this information.
Online Marketing knowledge would be most helpful to grow the business. There is huge potential to improve on what I have started. An understanding of Shopify is helpful. Facebook and Google can be managed in-house or outsourced.
Skills to have
Marketing skills would be helpful to grow the business quickly. There is huge potential to improve on what I have started. Basic understanding of Shopify is helpful. Facebook and Google can be managed in house or outsourced.
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.