- Avg. revenue /month$7,847
- Avg. sessions /month2,669
- Avg. profit /month$1,500
Why this business was started
I work in IT and was looking for a way to create a side hustle that would bring in extra money. IT and entrepreneurship are related, and I wanted to challenge myself to build a site that people go to and actually buy from. The drop shipping model has always intrigued me and I wanted to see if it worked for larger items over $300 - it does.
I researched a lot of different dropshipping products but was not keen on a 1 product store that only makes $10 profit per sale. I decided to go with the home decor industry because I actually needed a bed and mattress for my spare room. Once I found my supplier and realised the margins on selling beds, mattresses and larger decor items would mean making minimum profit of $100 per sale, I was excited to start my business venture and start making money.
My selling method includes - Sales comes in my shopify store, I then go to my supplier site at the end of the day and process the payment and order.
The reason of selling this business
With a full time job and three kids under the age of 5, I just don't have the time to invest in making this store what it should be - which is a home decor brand.
What's involved in running this business
Updating product information and stock - Currently I do this manually, which means opening an email in the morning, doing a cut and paste into a csv file and then uploading into shopify. note - my supplier does have an integration that automates this entire process I just haven't gotten around to connecting the App and the API - but the instructions are quite simple.
Marketing campaigns - currently I have 1 facebook campaign which I manage.
Responding to customers/communicating with supplier - if a customer has a question or complaint, I am essentially the middle person between the two.
Sending tracking details to customers - Currently I do this manually. The supplier provides the tracking numbers for orders via email/website. I have a template I use to send an email to the customer with their product and the the tracking number and link to courier website. Note: this can be automated also using the API.
Facebook page updates - posting products and updates on the facebook page
Traffic and Performance
- Avg. revenue /month$7,847Verified
- Avg. sessions /month2,669Verified
- Avg. profit /month$1,500
- Profit Margin20%
- Avg. sales /month40
- Shopify plan
- Sales Pop up showing 'someone from xxx purchased this product'
- Google workspace
Physical inventoryNot Included
Logo and branding assetsI used a designer on upwork to create my logo and branding and have the original illustrator and pdf files available for the new owner to download via google drive.
Personal support after saleCan offer the following for two weeks post sale via phone and email. - training/guidance on inventory and product CSV update process. - training on processing a sale on the supplier side - training/guidance on sending tracking details to customers post sale - training/guidance on handling any customer queries or requests for returns or warranty issues.
Product photosAll product info and photos are supplied by the dropshipping supplier site via a CSV file download.
SuppliersAs mentioned - I use only one supplier that I can easily transfer over, but also have a second that is ready to go.
How to grow this business
Currently I only use 1 dropshipping supplier in Australia for all products on the site. I recently found another one that has a large number of additional items that I have yet to add to the website. Will be happy to share this supplier.
Obviously marketing is a key part to driving traffic and sales. Currently I only advertise on Facebook - using one campaign and only one image, so there is significant room to grow the business utilising more optimised facebook ads strategy along with SEO and Google AdWord campaigns which are not being used at all.
Skills to have
As a 1 man show, I wear all the hats for this business. This includes running the marketing, website tweaks and replying to customer queries.
Basic knowledge of product and inventory updating on shopify required
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.