- Avg. revenue /month$130,449
- Avg. sessions /month96,551
- Avg. profit /month$58,534
- Inventory value$12,500
Why this business was started
I saw the main product (electronic goods for both gender) selling extremely well in France and I started an e-commerce/dropshipping store around this product in Germany and the US. It's a great product which almost everyone is using and the price point of the well known concurrence is extreme high, so that we could sell it for a good price and have great margin being much cheaper than the concurrence. We started to test with micro influencer to generate traffic and to validate our offer. After we realized that the business model worked, we continued to work with influencer on IG and Snapchat to receive cold traffic. In the backend we have Facebook, Google, email and sms retargeting in place to convert cold traffic to sales.
The reason of selling this business
I spotted a new opportunity and I'm currently creating a new international brand with influencer marketing. We're creating our own products and this takes a lot of time and energy. The Valuation price of Shopify is around 900'000 USD and I think that's a good price point because we made almost 300'000 USD in Profit last month. But I don't have the time to search for the next 3-6 months for the perfect offer, so I decided to sell it for less than my profits last month to ensure a fast transaction.
What's involved in running this business
We have a semi-automated business, one VA who makes a list of 20 Influencers everyday and another one who's taking over negotiation. This remains for both stores (Germany and US). At the weekends we're doing special promotions and we try to work with as much influencer as we can to get traffic to our page, they are doing page post etc. with a special coupon code. We have a multi channel strategy in place so while we have a promotion on going, we are also running FB Ads, email marketing, Google Ads campaign, sms and email retargeting. We have an organic traffic of more than 4000 persons on average per day.
Traffic and Performance
- Avg. revenue /month$130,449Verified
- Avg. sessions /month96,551Verified
- Avg. profit /month$58,534
- Inventory value$12,500
- Profit Margin45%
- Avg. sales /month800
- Shopify plan
- Inventory warehouse
- Klaviyo (E-Mail Marketing)
- Influencer and Facebook
Logo and branding assetsWith Google Drive or Dropbox
Personal support after saleI will support you on Skype calls for the next 3 months and provide you with all the information you need to crush the 4th quarter in 2020.
Product photosWith Google Drive or Dropbox
SuppliersWe have a system in place in which our Supplier/ fulfillment Agent which automatically fulfill all our orders. We informed our supplier and he will gladly work with the new owner.
How to grow this business
I would continue to work with the biggest Influencer in the USA, Germany and Switzerland and I would try to have a better marketing in place and to have a clear brand identity. Multi channel marketing is the way to grow this brand to 8 figures per year. Growing on social media would be one of my next strategies to have more organic sales. Optimizing email marketing would also be a great opportunity to grow this business.
Skills to have
I think you need to be experienced in Dropshipping/E-Commerce, to really understand how this business works and to spot great opportunities. But you have also the possibility to run this business on autopilot and to hire an agency which could do the marketing for you.
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.