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ElectricalWorld

myelectricalworld.com
  • Avg. revenue /month
    $110
  • Avg. sessions /month409
  • Avg. profit /month
    $300

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
    $110
    Verified
  • Avg. sessions /month409Verified
  • Avg. profit /month
    $300
  • 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
  • $658
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 2,457Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

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

    Sale Includes

    • Physical inventoryNot Included
    • Logo and branding assetsI will email over my advertised videos as well as all branding images.
    • Personal support after saleI 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 photosSome product photos are uniquely edited by myself to improve consumer susceptibility to purchasing. These are already uploaded into the store.
    • SuppliersNot Included
    • Mailing listNot Included
    • 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!

    JL
    Jeremy L.Running this business for 7 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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