I needed a source of passive income and decided to try my hand at dropshipping. I was not too successful at marketing so I had someone else start that process for a cut. Initially, we were not too optimistic on it taking off like it did but we had enough followers on social media and enough sales monthly on the online store for it to become profitable after a year.
The reason of selling this business
I need more time to get into new ventures and need a little extra income in the short term. I need the short term income to help me start a business with some friends as thats something that I would enjoy more and am more interested in than doing dropshipping. I also dont have time anymore to do instagram ineractions and other types of promos to keep interaction at a sustained level.
What's involved in running this business
Completing orders, checking and responding back to emails, managing social media accounts (Instagram mostly) and ads through facebook.
This business was founded:over 2 years ago
Time to run this business:approximately 7 hours per week
Traffic and Performance
Avg. revenue /month
$762
Verified
Avg. sessions /month1,312Verified
Avg. profit /month
$600
Profit Margin50%
Avg. sales /month30
Other details about profit:All sales resources are either via online store, instagram, facebook or google store which is not defunct
Total revenue
$20,563
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
35,433Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$14
/year
Spin App
$9
/month
Facebook ads
$200
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
Can email the logo png files
Personal support after sale
Not Included
Domain
Product photos
Not Included
Social media
Total followers1,763subscribers
Suppliers
Not Included
Mailing List
Not Included
Seller‘s Advice
Skills to have
Ads and Instagram interaction would help grow the business exponentially, I usually spend close to $300 a month and easily am able to get to $1000 in revenue. I also do not have any active ads running during december as most people look to get gifts and the shipping time isn't friendly for that (try to keep customer service as a priority) and also not of chinese new years due to the 2 week extra wait time.
Share
DP
Deep P.Current store owner
Got into dropshipping a few years back and now Im just looking to move on to other projects that need more time and attention.
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