Ecommerce is a growing business especially this time when consumers are already familiar with online shopping. Brick and mortar retail stores are closing around the country due to the proliferation of online stores . An online drop shipping store does not require investment for inventory. You make a sale and then order the product from the manufacturer who will in turn ship to the buyer. It is a lot more affordable than selling products on amazon where you need cash to buy inventories and with too many competition, it is hard to compete with limited capital. A shopify store like this is more affordable, for only a basic plan of $29.99 a month you can have the store running. All you need to focus on is driving traffic to your store, which I did't get the chance to work on because of our other business that needs attention due to the huge amount of capital I have invested in it. This store was paused for more than a year. But, it will be easier to grow this store if you devote time for driving traffic to the store.
The reason of selling this business
I am busy working on a business where I invested too much money on. I just don't have the time and energy to work on another for now. I paused this store for more than a year now hoping I could find time to make it grow. But, my other business is demanding too much of my attention. I have to give this up in favor of the other business because I have a lot to lose..
What's involved in running this business
1) Initially, you can run this store all by yourself, I mean when you are just starting you can run this without any help. As you grow the store, you may need help from family or hire more affordable virtual assistants. 2) The key here is to learn how to drive traffic to your store- running Ads on Google Shopping, Bing, and Facebook will help drive traffic. 4) Market research is also important so you would know what is selling or hot in the market. 3) Adding more product listings to your store will make it more appealing to your buyers, which is not a problem if you are doing drop shipping. You can list as much as you want.
This business was founded:almost 3 years ago
Time to run this business:approximately 10 hours per week
Expenses
Shopify plan
$14
/month
Domain
$11
/year
Sale Includes
Physical inventory
Not available for starter stores
Logo and branding assets
1) The new owner may keep of change the logo, but I can provide the same logo we used in the store. 2) We created social media pages for this store but hadn't had the chance to grow it- Facebook, Instagram, Pinterest and YouTube Channel. We will turn over access to the social media. 3) Domain - [REDACTED] has accidentally expired. I bought another domain that has not been used yet,, [REDACTED] which you may have if you like.
Personal support after sale
I will provide basic info/coaching, tips on product sourcing, etc to the new owner within the first 6 months, but they are free to contact me anytime with any questions.
Domain
Product photos
Relevant product photos that the owner may request and I still have in my possession will be transferred to the new owner.
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.
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