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!
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.
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
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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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