Why this business was started
Top 5 Reasons Why We Started This Business: 1. Small Investment - no overhead, no stocking. Just a low cost website and a few software services. 2. Convenient & Easy To Operate - so easy to operate from home. 3. High ROI potential - Low cost products selling at over 2x the price. 4. Not Time Consuming - The website is fully automated to allow you to enjoy the business instead of wasting time on tedious things. 5. F U N - The fun is looking for trendy products that you think others will love, then add the product to your own store.
The reason of selling this business
As we were building this business in the wellness niche industry, we discovered our own product that we wanted to offer in our store. This specific product that we developed now has taken over our attention. We debated for a long time whether or not to continue our drop shipping business, but we realized that it would be too difficult to grow both businesses at the same time with our limited availability. Developing a product was the next logical step for us as we grow in entrepreneurship. Passing this drop shipping store forward will bring us more joy for someone else to use, rather than just shut it down.
What's involved in running this business
There are a few main core steps in running this drop shipping business: 1. Find products via Aliexpress or Etsy to list in the store. These will be imported into the store with simple automation, including the reviews. Modify the product description, pricing, and variants and it's ready to go. 2. Choose a specific product which you believe to be a great seller, then market on social media or other online source. You can either create a video or use images to market the product. 3. When you receive an order, run the automated fulfillment app on the website and your orders will be drop shipped to the customer. 4. Handle any customer support issue and send follow-up emails regularly to all the customers that you have already brought in to resell new products to them. Overall, these are the main steps in running and building this business. Do each step well and your business will flourish.
Physical inventoryNot available for starter stores
Logo and branding assetsAll files will be sent over via email or cloud storage. We have a few different versions of the logo, but the original .ai file will be included for any modifications by the new operator.
Personal support after saleWill train the new owner on how to search, import, and modify products for the website. Will share with the new operator some marketing content to teach them how to do proper marketing for a drop ship store. Support will be available for 6 months after sale.
Product photosPhotos are all saved on the Shopify platform.
SuppliersNot available for starter stores
Mailing ListNot Included
How to grow this business
Two things - find winning products and learn to do social media marketing. To find winning products, you need to do some follow other drop shipping stores who are doing well and sell the same products they are doing, but you've got to make sure the products are fairly new. It takes time to learn this skill, but once you know what sells it becomes a no brainer. Learning marketing is just following steps - buy your product, make a video of your product, and pay for social media ads. This is exactly how you grow the business.
Skills to have
There is nothing you need to have before buying this business besides the desire to succeed. Everything else you will learn by building the business. We will teach you the steps for the first six months and that will definitely get you growing your way to success.
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.