With the marijuana market booming and states beginning to legalize, the online headshop market will also grow. I wanted to start a online headshop that could possibly turn into a brick and mortar store. I think this is a great opportunity in a market that will grow even more in the future.
The reason of selling this business
I dont have time for this project anymore. I under estimated the amount of marketing I would have to do to make this business profitable.
What's involved in running this business
Sourcing products and listing inventory. If your using a drop shipping app you can just import the items and that's it.
Research in the marijuana and headshop industry to see what's hot right now.
This business was founded:9 months ago
Time to run this business:approximately 1 hour per week
Traffic and Performance
Avg. revenue /month
$15
Verified
Avg. sessions /month46Verified
Avg. profit /month
$1
Inventory value
$1,500
Profit Margin1%
Avg. sales /month1
Other details about profit:I never profited from this business. I don't think it's not profitable. Many of the items are 60%+ I just dont have the time and effort needed to make it profitable.
Total revenue
$140
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
415Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$30
/month
Inventory warehouse
$0
/month
Domain
$12
/year
Sale Includes
Physical inventory
Logo and branding assets
Logo images from fiverr. I can send them to you via email
Personal support after sale
Not Included
Domain
Product photos
All the photos I have are on the website
Social media
Total followers1,964subscribers
Suppliers
Chinese suppliers on instagram. Decent prices but must buy in bulk. I never did business with them as I wasn't buying in bulk.
Mailing List
Not Included
Seller‘s Advice
How to grow this business
This is a great investment opportunity. With the marijuana market booming and states beginning to legalize, the online headshop market will also grow.
Growing the store would take good marketing and more inventory/ drop shipping. There are multiple companies that drop ship headshop items. Google headshop drop shipping. Some even have apps to connect with shopify. I just dont have the time or funds for this project right now which is why I am selling.
Eventually if your doing enough business you could turn it into a brick and mortar store.
Skills to have
-Marijuana industry knowledge
-Headshop knowledge (what pieces are called and how they function)
-Sourcing items (if your not drop shipping)
-Shipping items (if your not drop shipping)
-Marketing
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