- Avg. revenue /month$394
- Avg. sessions /month986
- Avg. profit /month$628
- Inventory value$306
Why this business was started
I purchased this business from a previous seller on the platform. I wanted to test out dropshipping in the beauty and health niche, since I currently operate a successful store (however, it is inventory based)
The reason of selling this business
I have decided to sell this store as I've realized that the dropshipping model is just not for me! Coming from an inventory based business background, it is a lot different, and I believe I prefer to stay in that arena.
What's involved in running this business
The website has been redesign, with updated branding colors, logos, images, and theme. So currently, the main thing that needs to happen is ensuring customers received their packages (customer service), running google/facebook ads, and sending customers their order when they make a purchase.
The original owner has been using CJ dropship for this. However, I would look into private labeling, or finding a distributor with both an international and US based warehouse so customers can get their items faster.
Update I have purchased inventory to keep the store active + gain positive traction using Ebay. Sales have been consistent on Ebay, as the store picks up organic traffic. I have been shipping items from home, so you will need your own shipping account (like shipstation), or to ship using Shopify or Ebay.
Additional items that need to be done: - Building content (blog posts, videos, etc) to be posted on the website for sEO - Building and posting(scheduling) content on Facebook (IG page has not been created) - Researching product niche to increase the product offerings (especially to sell on Ebay, Google Shopping, etc.)
Domain is through NameCheap and is $13/year. However the current domain has been paid through until April 28, 2020
Traffic and Performance
- Avg. revenue /month$394Verified
- Avg. sessions /month986Verified
- Avg. profit /month$628
- Inventory value$306
- Profit Margin90%
- Avg. sales /month100
- Shopify plan
- Inventory warehouse
- Parcel Panel
Logo and branding assetsI will transfer everything via a google drive document. The google email set up for this website will also be transferred over.
Personal support after saleNot Included
Product photosWill be provided via google drive file download
SuppliersProvided when you purchase the store. All suppliers are in the CJDropship app
How to grow this business
First, this store needs someone who is truly familiar with dropshipping and running ads for this type of business model. This is where my experience lacks, and why I've determined that this was not the best avenue for me.
Likewise, investing into research and development for new products to add. Possibly private label the tool, and have the product go out monthly to influencers and product reviewers on Youtube/Instagram/Tik Tok
Update I have linked this shop to Ebay. So the next store owner will need to understand that platform, how to make listing keyword rich, and sourcing products that sell well on their marketplace.
Skills to have
Make sure to be comfortable with dropshipping, especially with handling wait times for customers to receive their products.
Update -- New owner should be comfortable with an inventory model, or linking with dropshipping suppliers that can get items to customers within 2-3 weeks. Store has been linked with Ebay, and shipping has been done with USPS to US customers. When taking the shop international, the new store owner will need to research high quality shipping options to reduce times.
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.