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Screenshot of sold business handedhint.com

handedhint

handedhint.com

Appears in Gifts and collectibles , Dropshipping, Home Business for sale, Lifestyle, Oberlo stores for sale, Business and Franchises under $5,000, Medium Business

General description

This store was created about 5 months ago. HandedHint is a webstore that procures the coolest gadgets and best gift ideas all in one place., it's user friendly, clean and well structured.

Nothing fancy, nothing complicated, I wanted to create a simple, fast and convenient shopping experience for my customers with a mix of products in multiple collections.

The products are all from AliExpress and I use Oberlo too.

My customers are impulsive buyers, they are mostly just focused on one single product and buying it very fast.

Essentially they are very simple as long as you make the buying process simple(and trustworthy) too.

So the store is just how I wanted it to be and it took me a long time to get it right. I've had a pretty good couple of months inspite the fact i had a very low budget and it could have been a lot better if I wouldn't have run into liquidity problems.

Unfortunately my bank raised the limit of my credit card just to a certain point. Given the fact that I am young too and don't have wealthy circumstances or a business model which fits their criteria they didn't want to raise the limit nor give me additional credit.

I didn't want to use my own money from my personal bank account because I needed the money for other investments which I didn't want to affect. So I was forced to reduce promotion and advertising because I couldn't handle more sales.

It was frustrating for me. So June came, I managed to get more money to invest and I was ready to crush it. After 5 days into June I ran into the next problem. The bureaucracy of The Netherlands is not a friend of drop shipping. The problem was that the vendors on AliExpress don't issue any invoice and the Dutch state seems to have a problem with it, more specific the financial authorities.

So in order to solve the problem, I had to pay a lot of money so my accountant was able to fix it so I won't get any troubles if authorities were to check my company. That was the moment I knew that the business model was not suitable for my situation.

Why are you selling the business? I thought about restarting again with someone from another country but now i need to sell it due to a lack of funds. So as long as you're not in Holland and you have money to invest in adspending you won't have any problems and can enjoy a quite easy, "passive" income.

Pages include:
- About us
- Terms of service
- Privacy policy
- Track my order(app)
- Refund policy
- Contact us

Collections: '

  • Men
  • Women
  • Kids
  • Pet
  • Trending
  • Under $20

What's included in the sale? An instagram account with 8k followers and business email address.

What is your cost of customer acquisition? Profit margins are 50% most of the time (including ad cost)

Do you have recurring customers? We do have recurring customers

Financials and traffic

Average profit/month

$700 USD

Average overall profit margin

50%

Average number of sales/month

100

Lifetime revenue

$5,358.00 USD

Lifetime traffic

18,549 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expenses can of course vary depending on which apps you feel like are really necessary and on how much you are willing to spend on Facebook ads or advertising in general.

Expense item

Cost

Shopify plan

$30.00/month

Subscriptions (ie. Mailchimp, apps)

$100.00/month

Domain

$1.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Instagram

handedhint

Q & A

Why should someone buy this store?

If you're looking for a passive income with a manageable amount of work hours this is for you. If you have understanding for marketing and product research and are also ready to put in more hours you can easily scale it. The potential for this webstore is enormously higher than the price i am selling it at.

I have a list of profitable instagram influencers with the best possible prices negotiated + the products that did best per influencer. So you can start making profit right away

How can the future owner improve the business?

Build pixel data through Instagram and then transition the products to Facebook.

I would also recommend Google Adwords

What work have you put into the store?

I've put in a few months of work to get this store running. It was not easy and was very time consuming at the beginning. I had to choose the right theme, right products, good supplier, good marketing strategy,... I hired a copywriter for some of the products, did some changes on the theme by myself and also by a developer. I've always wanted to have everything perfectly set up before launching the store.

How many hours does it take to run this business per week?

10 hours

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