- Avg. revenue /month$1,918
- Avg. sessions /month2,445
- Avg. profit /month$575
Why this business was started
I started this business to create an additional source of passive income. I identified an opportunity in the pet market and created a brand to take advantage of opportunity.
What makes us different? Our best selling product is a private label product (our logo is printed on the product), this has helped us achieve a highly branded feel even though it is a dropshipping store. Normally if you want to sell private label products you have to take the risk of ordering inventory up front but because of our relationship with the supplier he lets us order and dropship the products one by one with no upfront risk.
The business started last August and scaled up to over $12,000 in revenue in the month of December. I could of easily kept scaling but I had to slow down advertising in January because of Chinese new year. Chinese new year was extended because of the virus so I stopped advertising. Now that factories have reopened in china you have the opportunity to pick up where I left off.
The reason of selling this business
The business is priced for quick sale because I spotted a new opportunity in a niche I am passionate about and I need quick capital to get started. Shopify provided a $16,000 valuation; a fair price considering the businesses’s profits and large customer base. I don't have the time to search for the perfect offer so I have decided to sell it for much less than Shopify’s recommendation to ensure a fast transaction.
What's involved in running this business
Fulfilling Orders (automation software included)
Social media marketing (Completely set up Facebook ad account with data included)
Traffic and Performance
- Avg. revenue /month$1,918Verified
- Avg. sessions /month2,445Verified
- Avg. profit /month$575
- Profit Margin25%
- Avg. sales /month80
- Shopify plan
- Paid apps
Physical inventoryNot Included
Logo and branding assetsFacebook ad account, Facebook page, Instagram account, email address and more
Personal support after saleI am happy to provide the new owner with support via email and phone/video calls for the first 2 weeks to ensure a smooth transfer.
Product photosTransferred via email
SuppliersSupplier is happy to work with the new owner, I highly recommended him.
How to grow this business
This depends on how much time you want to invest in to the business.
You could choose to keep running everything as it is, run some simple marketing campaigns and remarket to existing customers. This would require very little work and could make you an extra couple thousand dollars a month.
The other option would be to expand the product offering, continue scaling and work on growing the brand. This would of course take more time but there’s a lot of money to be made.
Skills to have
Having the ability to connect and relate with pet owners (especially dog owners) will be useful.
Although a fully set up Facebook ad account with purchase data is included you should have a basic understanding about Facebook ads. You could just turn the campaign’s that I was running back on if you want to keep it simple.
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.