- Avg. revenue /month$24
- Avg. sessions /month302
- Avg. profit /month$20
Why this business was started
This business is a men's accessory dropship business with a focus on affordable luxury men's watches. I started this business because I was looking for a business concept that required little investment and little work as I have a normal day job, to make some extra money on the side. I chose this particular product for a number of reasons: First of all it is easy to ship (small and light) so I can offer free shipping without eating into my profits. Second there is a large variety of suppliers available, many with good reviews and a lot of them that offer Epacket which is very important when it comes to dropshipping. Third the watch market is a very big and lucrative market and still growing. Fourth and most importantly the perceived value of these watches is very high making it an ideal product to potentially make a tidy profit per sold unit. I have priced the watches at a level that allows me to make an approximate profit of US $30 per watch. At this price point, the watches are still very cheap for any potential watch lover while at the same time giving the shop owner a good return on Facebook ads.
The reason of selling this business
I have decided to sell this business as I find running the store is hard to combine with my work commitments. When I come home after a days work I just can't be bothered going behind the laptop and working on the store (it is important to always keep improving) and setting up ads as this usually requires several hours a day. I simply don't have the time or energy to do it and nor do the wife and kids want me doing it. Furthermore I am not very good at Facebook ads. In order to be successful you need to be creative with ads and write good ad copy to stand out. You also need to understand how to target the right audience on Facebook and how Facebook business manager works. I am just not good with that, I lack creativity and the insight and overview of all the information Facebook offers. If you however love to dig into this then this is for you. Any dropshipper will tell you that Facebook is (at least in the short term) vitally important to generate business until you have built up momentum on Google. You just got to be creative.
What's involved in running this business
To run this business you have to dedicate every day at least 3 to 4 hours to keep your store up to date (update prices, improve product descriptions, add products, mail customers, fulfill orders etc.), run Facebook ads and analyze the results of them, post on social media and most of all scour the internet for information (there is heaps of free info out there) in order to keep learning about and improving your store and marketing tactics.
Traffic and Performance
- Avg. revenue /month$24Verified
- Avg. sessions /month302Verified
- Avg. profit /month$20
- Profit Margin30%
- Avg. sales /month1
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsAll logo variations will be emailed to the buyer.
Personal support after saleNot Included
Product photosMost product photos are from Aliexpress and hence readily available. The ones that aren't will be emailed.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
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
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.
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.