All prices in USD
Sold

Private listing #645128

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  • Avg. revenue /month
    $26,223
  • Avg. sessions /month26,776
  • Avg. profit /month
    $11,000

Business Story

Why this business was started

Graduated in Architecture and Construction, and having been in the industry for several years, i was quite affected by the COVID pandemic (transitioned to part-time work), I wanted to venture into a more digital, pandemic resilient industry. I started this store as an experiment to learn and develop skills in this industry. I am quite the Apple fan, owned an apple watch, and just thought it would be a good starting point because i can shoot content myself. I did some research and found that margins are pretty healthy, so decided to dive straight into it. To my surprise, the results were really good, so i kept going at it.

The reason of selling this business

Several reasons - Partnering with a long time friend on a more local business selling farm-to-table produce (building upon skills learnt from this store), as our country has evidently been affected during COVID due to over-dependence on food import (food security is a big issue here). We invested into a small aeroponic farm, but have not been able to allocate enough time to it. - Burning out from sheer workload, juggling work and this project (almost solo business with some help from my girlfriend) - On top of my current commitments, my tenancy ends in soon without an option to renew, thus i will be very busy relocating.

I respect your time and interest in this business, so i hope you do the same. Please contact me and I will provide you a detailed document with screenshots showing all insights into the business, such as Facebook Page Quality, Social Account Insights, Facebook Ads Manager, Google Analytics, Shopify Dashboard, Email Marketing Reports, Order Tracking Numbers etc. basically all the information about the track record so you have full confidence of what this business entails.

What's involved in running this business

Review and optimise Facebook ads once a week, processing orders daily or every alternate day, customer service, posting on social media, communicating with supplier. I recommend creating your own content, or outsource it to freelancers. Hiring a virtual assistant would be highly recommended if you're scaling to anything above $50,000 per month. You would probably want to scale higher with the upcoming holiday season around the corner (Black Friday, Cyber Monday, Thanksgiving, Christmas, New Years, etc.).

This business was founded: about 1 year ago
Time to run this business: approximately 30 hours per week

Traffic and Performance

  • Avg. revenue /month
    $26,223
    Verified
  • Avg. sessions /month26,776Verified
  • Avg. profit /month
    $11,000
  • Profit Margin40%
  • Avg. sales /month800
Other details about profit: My COGs are typically about 30-35%, and Ads Cost are about 20-25%, with some general overheads that i include such as refunds (<10 per month), subscription costs, and occasional gifts to influencers for posting content (i try to do this 2-3 times a month). We only started to grow in the past 5 months after finding the right supplier, which saw between 15,000 - 25,000 USD in profit each month.
Total revenue
  • $367,124
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 374,874Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Domain
      $12
      /year
    • Apps
      $100
      /month
    • Facebook
      $6,000
      /month
    • Some gifts to micro-influencers for user generated content
      $50
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Square logo, landscape logo, with and without backgrounds, website images, and FB Cover Images, about 10 files. Other images used for our socials will also be included, about 100 files. Everything will be transferred preferably by Google Drive.
    • Personal support after sale

      1 Week minimum via video/voice call, whichever is easier, but i am flexible, and will do as much as i can to ensure your success into a smooth transition. If more time is required, up to 1 month support, please note that i will be relocating come Nov, so i will be pretty tied up. As for refund/returns/chargeback request, we do less than $300 worth of refunds per month, so i can either offer this amount of $300 as a discount or one time payment to you to cover this cost. I also seek that you try to provide customer support for existing customers over this transition period, otherwise i will get charged hefty chargebacks. I can provide you a template of FAQs to common queries. As for unfulfilled orders, i will be running the store until the point of sale of this business. So please allow 2-3 days for me to fulfil all orders (before the agreed date of assets transfer), as well as 'password protecting' this store. I will also make an announcement on our socials whether it is 'transition to new management' or 'website maintenance', whichever you prefer. I also have a box containing many product samples from my supplier. I can ship this to you as i think it would be very useful for you to make future content. Assets that are included in this would be - Shopify Account - Domain (recently renewed) - Facebook Pixel - Facebook Page - Instagram Account - Ad Accounts - Physical Samples - Google Analytics - Google Merchant Centre Account - TikTok Account - Pinterest Account
    • Domain

    • Product photos

      All product images (over 300 files), with large .psd files (all are well sorted according to their collections), will be transferred preferably by Google Drive.
    • Social media

    • Suppliers

      There are many suppliers on Aliexpress, and I took a few months to test and validate a trustworthy supplier. The reason i decided to work with my current supplier is primarily due to a special shipping method that pains many dropshippers, which is a dedicated shipping line that provides augmented shipping (does not show China), and fast shipping times - our average is 9 days including processing time. My supplier is also very responsive and collaborative - for example, if they ship the wrong product or if the product is faulty, she never hesitates to replace them free of charge. I serve 15 countries, including the main ones like US, UK, Canada, Germany etc. There are some other smaller countries that my supplier has a logistics channel as well, so you may want to explore these markets.
    • Mailing List

      7,000subscribers

    Seller‘s Advice

    How to grow this business

    1. Expand into new regions (countries)
    2. Expand to new advertising platforms (such as TikTok, Pinterest, and Google Ads)
    3. We currently only sell straps for the Apple Watch, so you may want to offer new products along this niche (working with the supplier), such as Fitbit, Samsung Watch, Garmin Watch Accessories, or even other phone and airpod accessories.

    Skills to have

    Shopify, Facebook Ads, Oberlo

    Tags

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