- Avg. revenue /month$2,897
- Avg. sessions /month5,330
- Avg. profit /month$1,038
Why this business was started
I was interested in creating another stream of income, and I ultimately decided on a e-commerce dropshipping business since I've successfully run one before. I browsed various dropshipping sites, and I came upon a site that sold paint by number kits. I did pretty extensive Google Trends and keyword research, and found the search volume to rather large and the relative amount of competition to be fairly low which tends to be the recipe for a good niche.
The reason of selling this business
I have several businesses, and I want to focus my time on fewer businesses. Because sales have increased dramatically over the last few weeks, I thought it was a good time to sell so I can take the proceeds and apply them toward my new business which is a capital intensive mobile app business.
What's involved in running this business
I've automated as much as possible with this business which limits the amount of time needed to run the business. For example, automation does quite a bit of autoposting to social media. Activities include but are not limited to posting new products, processing new orders, getting approvals for custom paint by number kits (much of this process has been automated), and customer service. Most of the customer service happens through chat or e-mail. We utilize the free version of Hubspot to manage this as it keeps everything documented.
Traffic and Performance
- Avg. revenue /month$2,897Verified
- Avg. sessions /month5,330Verified
- Avg. profit /month$1,038
- Profit Margin40%
- Avg. sales /month185
- Shopify plan
- Paid apps
Physical inventoryNot Included
Logo and branding assetsLogo and social media accounts will all be included. We will e-mail all assets and provide access to all accounts after sale.
Personal support after saleI will provide a total of 5 hours of one-on-one training via Zoom online conference over a 2 month period. We also have recorded a lot of training videos as well.
Product photosThese will be included with the store.
SuppliersSupplier relationships are already documented in Dropified.
How to grow this business
I would suggest focusing on SEO to build more organic traffic. Without any effort, our organic traffic has grown about 1,717% from last year. We have just started outsourcing a link building campaign, so we expect that to improve significantly over the next couple of months. I would also grow the affiliate marketing channel as well. We have started to add some affiliates that are performing really well, and since the affiliate payments are performance-based, they are much more profitable than paid advertising. At this point in time, we do not do ANY paid advertising. We would also look to add additional vendors. We would also look to grow our social media following in particular on Instagram and Pinterest.
Skills to have
New owner should have basic knowledge around art and painting (terms, tools, etc.) It would be helpful for them to have basic SEO and social media marketing skills. However, we can share the vendor we are using for SEO. Knowledge of Hubspot is also helpful to run the customer service portion of this store. However, the product is very to use. Because of the automations that we have implemented, the store is very turnkey to run. We also have training videos we have created on much of the basics around running this store.
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.