ElectricalWorld

Sold
myelectricalworld.com
  • Avg. Revenue /month
    $165USD
  • Avg. Sessions /month594
  • Avg. Profit /month
    $300USD

Business Story

Why this business was started

I firmly believe in the power of E-commerce in this day and age of technology. Given the convenience of smart gadgets and advancements in marketing technology, the amount of buyers in online shopping is rapidly expanding, placing great growth potential in the industry of E-commerce. I started this gadget store as a general store so i could list practically any products, allowing me variety in product testing.

The reason of selling this business

Due to conflicting priorities and personal commitments in my life, i have to painfully withdraw from this satisfying ownership.

What's involved in running this business

Passion. Dedication. General Marketing Skills. Hard Work. Patience. Luckily for drop shipping, back end logistics are relatively simple due to built in apps like the oberlo plugin. Order fulfillment is essentially almost automated. All that would be required is general foresight in selecting test products. Followed by a good advertising campaign which i will be able to impart some tutorials for, and finally the patience to let the business complete the full cycle.

Time to run this business: approximately 7 hours per week

Traffic and Performance

  • Avg. Revenue /month
    $165USD
    Verified
  • Avg. Sessions /month594Verified
  • Avg. Profit /month
    $300USD
  • Profit Margin30%
  • Avg. Sales /month20

Other details about profit:It's really dependent on how you scale your ads, so it's difficult to pinpoint a specific profit margin or profit per month. It depends on the "winning" Product and it's ability to push profit margins as well as ad returns.

Total revenue
$658USD
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
2,376Sessions
Traffic data comes directly from Shopify and cannot be edited by the seller

Expenses

  • Shopify plan
    $29USD
    /month
  • Domain
    $1.17USD
    /month
  • Ali Reviews, Currency Converter
    $18USD
    /month

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

    I will email over my advertised videos as well as all branding images.

  • Personal support after sale

    I will provide a lifelong "Mentor-Ship" for as long as the store is alive, because it is something that i truly call my own. I wish to see it succeed even if not in my own hands. Feel free to approach me for any basic marketing questions or even a guide for where to go next and what to aim for.

  • Domain

  • Product photos

    Some product photos are uniquely edited by myself to improve consumer susceptibility to purchasing. These are already uploaded into the store.

  • Suppliers

    Not Included

  • Mailing list
  • Social Media
    Total followers700subscribers

Seller‘s Advice

How to grow this business

Harvest the rewards of "winning" products that are already in the store. Actively source for new "winning" trending products to add and test.

Skills to have

Basic knowledge in marketing and how to craft advertising campaigns.
Willingness and patience to test and scale products!

Why buy a business on Exchange

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.

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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.

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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.

JL
Jeremy L.Running this business for 4 months
Currently a passionate Student/Entrepreneur pursuing a bachelor's degree in marketing. Painstakingly edited and created marketing campaigns to promote products. Optimized landing page formats, included order tracking function, color palettes for consumer behaviors considered. E.g green "Add To Cart" Button. Editing and selection of product designs and detailed product descriptions with flawless English. View the website to fully discover the entirety of the design considerations i put into play.

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