- Avg. revenue /month$8,794
- Avg. sessions /month7,485
- Avg. profit /month$4,000
Why this business was started
(Valued at $65,380 by Shopify) I have many dropshipping stores and I am always looking for new products to start selling and be one of the first websites to sell the product.
I ran across this website in late November and knew that it would be a huge product in the future. In early December, I found a supplier and began selling the product to the main 5 e-comm countries (US, UK, AU, NZ, CA)
After great results for the first days, I stopped advertising due to it being close to Christmas and didn't want to receive any chargebacks. I was planning to start selling towards the end of Chinese New Year when my supplier would be back in the office, but Covid-19 made me change my plans. I had to wait another month after Chinese New Year before I could start selling again.
Once the coronavirus slowed down in China, my supplier was allowed to start shipping again. This was great and I was selling my product just as well as I was in December, but then covid-19 got bad in the United States.
This was very difficult because shipping from China got much more expensive and took much longer. Before Covid-19 the total product cost with shipping was $28 and once the US had covid, the product+shipping to the USA was $35.
At this point, I had to adapt the business to be able to work and ship units in the US for cheaper. I then found 2 suppliers that had stock in China and were shipping for me. I then convinced the suppliers to start sending their products to the USA to be stored in warehouses since the domestic US shipping would be much cheaper and faster than shipping from China.
I now pay $30 per unit. This includes the product price and shipping. The AOV for the past month is $66.15, so if you know how to run ads correctly and create good content for the product, this website can scale much higher.
I do not have to pay any upfront costs for the products to be stored in the USA warehouses. The USA warehouses are a huge advantages compared to other sellers selling this product due to the shipping times. The short shipping times lead to fewer chargebacks and happier customers.
Please keep in mind that I was unable to advertise between Jan 9th-March 3rd due to Covid-19
From Dec 5 to May 18: Total revenue: $92,490 FB Ad Spend: $24,749
The reason of selling this business
I have decided to sell this business due to the fact that I own multiple dropshipping businesses that take a lot of my time. I also am starting a SAAS company right now and that is my main focus.
What's involved in running this business
The main thing involved in running this business is creating content for advertising, running the advertising on Facebook/Instagram, sending the spreadsheets of orders to the suppliers, and dealing with customer support
Traffic and Performance
- Avg. revenue /month$8,794Verified
- Avg. sessions /month7,485Verified
- Avg. profit /month$4,000
- Profit Margin25%
- Avg. sales /month250
- Shopify plan
- Paid Apps
- Transaction Fees
Physical inventoryNot Included
Logo and branding assetsI will send you all logos, photos, videos, gifs, etc. of the product. I can transfer with Google Drive, etc.
Personal support after saleI can help you for a week so you can get everything up and running. I will help you through skype and show you how I have previously ran the site!
Product photosI will send you all logos, photos, videos, gifs, etc. of the product. I can transfer with Google Drive, etc.
SuppliersI will send you their skype details and tell you how to give the orders to them
How to grow this business
This product will continue to be big on social media. I don't see it going anywhere anytime soon. I would continue to make great content for the product and continue to be one of the leading brands in the industry. I think the better content this product has, the bigger you can grow the company.
Skills to have
This product is one of the hottest products on the market right now. It is big on social media (tik tok & instagram) so if you are good with content, marketing, etc. you can scale this website to huge numbers. The main things you have to do are run ads, send the spreadsheets to the 2 suppliers, and customer support. I have been managing all 3 and it usually only takes around 1 hour a day.
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.