- Avg. revenue /month$1,606
- Avg. sessions /month1,317
- Avg. profit /month$800
Why this business was started
I started this business in January this year, and have worked on it everyday since. I started this business because I wanted to make a passive income, giving me more free time. I have been doing dropshipping for over 2 years now, and this is by far my most successful store.
Keep in mind this business can be run from anywhere in the world, so its a great way to make passive income! It doesn't take much time to run, so you can relax and watch the sales roll in!
The reason of selling this business
Currently I am in my last year of high-school and need to concentrate on my study. Shopify's valuation for this business was $15,540, but I'm eager to sell it soon, and give someone who would like to continue running this business a great deal.
What's involved in running this business
This business involves advertising (the most important part), fulfilling orders, and responding to customers. This store comes with $16k worth of data on Facebook ads, which can be used to create extremely powerful audiences.
Traffic and Performance
- Avg. revenue /month$1,606Verified
- Avg. sessions /month1,317Verified
- Avg. profit /month$800
- Profit Margin13%
- Avg. sales /month200
- Shopify plan
- Paid Apps
- Facebook Ads: Keep in mind that you could spend more or less on Facebook ads.
Physical inventoryNot Included
Logo and branding assetsProfessionally designed logo, 2 well made product videos (one is from editing clips from YouTube, and the other is professionally filmed for this store).
Personal support after saleI am happy to help with any questions or concerns for 60 days. You can send me an email with any questions you have, and I will do my best to help out.
Product photosYou will receive all the product photos.
How to grow this business
To grow this store I would leverage social media marketing. Since I begun, I have received over 800 orders, which can be used to create extremely powerful lookalike audiences with Facebook ads (if you don't know how this works, ask me and I'll fill you in). You will be able to creates lookalike audiences for just about everything. 95% video views, view content, purchase, etc. Currently the video ad on Facebook has amassed over 290k views, giving it lots of social proof.
You could also advertise by contacting different Facebook, or other social media pages, and paying them to post an ad for you.
The main product (the leg pillow) has a price of $24.99 and can be sourced for $9.01. This provides an excellent profit margin of $15. There is also a "Buy 2, get 15% Off deal" for this product, which greatly increases average order value and profit. Around 1 in 5 people who purchase take this deal. I have an excellent transferable relationship with my supplier, and they promptly solve any issues I have. They usually ship out orders within 24 hours. The product is sourced from Aliexpress and is fulfilled using Oberlo. This makes the process quick and simple. You will have access to 2 professionally made video ads for advertising this product.
The store also has another winning product if you wish to sell it. I haven't sold many of them on this store, since my focus has been on the other product, but feel free to test it. This product has sold thousands of times for other stores in the past. You will also have a professionally made video ad to use for advertising, for this product.
Once you start receiving a lot of orders (30+per day), I would recommend buying inventory in bulk and storing it in a US fulfilment centre. This would decrease shipping times and greatly increase profit per order. You can bulk order the product from Alibaba (https://www.alibaba.com/).
Of course you can continue to source from Aliexpress indefinitely if you wish. 'Dropshippers' is a great app for bulk fulfilling from Aliexpress, and will save you a lot of time once your getting a lot of orders. If your interested in this store please feel free to send me a message, and ask any questions you may have!
Skills to have
Ideally you should know how to use Facebook ads but it isn't necessary. As long as you can learn the basics (creating adsets, lookalike audiences, etc.) you should be all set. You won't need to do as much testing since lots of data for this product since lots of data has already been gathered.
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.