We encountered with this product and saw it's potential but also found at the same time that it was being sold to only a small group of audience i.e. old aged.
We saw that it could be sold to a huge audience of those "who stand all day for work" so that less strain is put on their knee and they could stand for longer with ease.
This untapped market seemed to us a great idea to start this business.
The reason of selling this business
We do not run a single store but many of them simultaneously. This makes difficult for us to manage even a small portion of leisure time for ourselves in a day.
After just 2 weeks of starting this, some of our stores were scaled to new heights and we truly couldn't manage the time and manpower to scale this newbie. So we decided to sell this out to someone who could devote their time fully and nurture it's growth to full potential. At the meantime, we also decided that we would reveal the secret hack of untapped target audience so that anyone who is the new owner gets an idea of how to proceed.
What's involved in running this business
Running this business would require to deal with daily orders to be fulfilled, checking tracking status on behalf of every customer to inquire about shipping issues if any, dealing with day to day customer service, running ads if you want, dealing with suppliers about orders that have any problems and assuring that every order reaches the customer on time.
This business was founded:5 months ago
Time to run this business:approximately 21 hours per week
Traffic and Performance
Avg. revenue /month
$65
Verified
Avg. sessions /month114Verified
Avg. profit /month
$50
Profit Margin16%
Avg. sales /month10
Other details about profit:We hardly ran this store for 2 weeks or so after doing all the back end work on building up the store. So, it wasn't scaled at all before we decided to shut this down and sell it to someone else due to lack of time. We made 7 orders in that small duration from Facebook ads and 3 orders organically from search engines like Google. We did not spend any time on social platforms, so it has 0 followers naturally but we still got 3 organic orders when we stopped running ads.
Total revenue
$325
Revenue data comes directly from Shopify and cannot be edited by the seller
Total traffic
574Visits
Traffic data comes directly from Shopify and cannot be edited by the seller
Expenses
Shopify plan
$29
/month
Domain
$8
/year
Lucky Orange
$10
/month
Facebook (all test and trials price included)
$200
/month
Transaction fees
$5
/month
Sale Includes
Physical inventory
Not Included
Logo and branding assets
Logo and Brand assets like color codes, emails created with branding on free Klaviyo email marketing app, etc. can be mailed to the new owner.
Content would be shared only through email and only until the end of 1 month after the ownership is transferred.
Personal support after sale
We will provide the new owner with the following personal support after sale for a duration of 1 month since the date of purchase only when the new owner asks for it through email.
1.) Source of skill set needed - We will help you with sources of our skills needed to run this business profitably by guiding you the best way or best platform through which you can learn under the proximity of our knowledge.
2.) YouTube video - We will send you our high quality YouTube video on this product (provided you need it and ask for it).
3.) Facebook Ad video created by us - We will provide you with the exact video we used to run our Facebook Ad which had driven us sales after spending several bucks on different Ads which didn't work well (provided you need it and ask for it).
Please note that this video was created in professional video editing software named as Davinci resolve. Our video includes copyrighted HD clips from [REDACTED] which we purchased for ourselves. We allow you the rights to use them, hence it can be emailed to you for your marketing help (provided you need it and ask for it).
4.) Store handle and details of the best Ali express supplier: The supplier who fulfilled our orders for Kneejet was selected by us by considering the response time, fulfilling time and product costs of many other supplier. We will share with you the details of the one who performed the best under our eyes in always answering all questions descriptively and giving the best service (provided you need it and ask for it).
5.) Additional data on demand: We can provide you with additional data we have with us on demand like photos in psd extensions.
6.) Small demands of copyrighting and editing help: We are flexible to small demands of editing description as per your need or providing some more edited photos if you need.
7.) Queries related to dropshipping business model as per years of experience.
All the correspondence and content transfer will be done through email. You can simply reach out to us on our email id [REDACTED]
Domain
Product photos
All compressed and high quality images edited with professional Photoshop skills in both jpg/png and psd extensions can be mailed to the new owner.
Even the Facebook ad video and YouTube video created in professional video editing software named as Davinci resolve which includes copyrighted HD clips from [REDACTED] can be emailed to you for your marketing help.
Content would be shared only through email and only until the end of 1 month after the ownership is transferred.
Social media
Total followers0subscribers
Suppliers
We can provide you with the details of the supplier we work with. The supplier we chose has been selected from many suppliers selling the same product on Ali express. The selection criteria was kept to be quick responses to our queries, reasonable costs of product as well as shipping and time of delivery.
Mailing List
18subscribers
Seller‘s Advice
How to grow this business
I would grow this store by scaling up to those people who stand all day at work. We need to get this idea in mind that Kneejet or other Knee related products does not have a limited target audience of those who are suffering with Knee pains and diseases or specifically "the old citizens". The Kneejet can be sold out to a much broader audience which is of those people who have a full time standing job like waiters, chefs, salesperson, nurses, teachers, pharmacists, etc. There are many more categories which makes this a global product scalable to vast audience. The way it can help out is simple, by reducing the strain on knees which enables in standing for longer with ease. So, anyone can scale this product by targeting such an audience on different social platforms and increasing its market which is still untouched.
Writing blogs on such topic can also enhance the SEO as there are hundreds of research papers which indicate the pain of people standing all day and that a knee brace or knee support pad like this one can help.
Reaching out on different social platforms with daily posts to increase organic reach would be our another aim apart from running Facebook ads.
When selling out this product becomes a success, we can always upsell some related products to increase the Average Order Value and raise the profit margins.
Reaching out to social influencers or customers who can become our brand ambassadors, would also help us broaden the community and increase sales with win-win benefits.
Also, if anyone doesn't like this product we can anytime sell a related product that serves the same purpose with no need to alter the domain or settings made. So, it's a a very flexible business model.
Skills to have
As a reward, the new owner gets majority of baseline works done by us -
1.) Building up the entire store and altering the codes for necessary changes
2.) Building the FAQs, shipping policy, refund policy, contact us, privacy policy, terms of service already written by us with researched details.
3.) Doing all the settings on the back-end including email marketing.
4.) Having all relevant apps with settings already done by us and working smoothly
5.) Writing a full fledged and researched product description in a systematic manner
6.) Adding all the compressed photos and videos so that the site loading time is least possible.
There are innumerable of other things already done, through which you will get a chance to allot your majority time over other relevant tasks.
But, You must build up your skills for -
SEO about how to rank on Google
Facebook Ads and how to master them for conversions.
Organic reach on different social platforms
Influencer marketing on Instagram
Share
RJ
Richa J.Current store owner
Hello, I am an entrepreneur. I and my team works to deliver value with our unique products. Apart from Kneejet, I have many other stores on which I play a crucial role. We follow the dropship business model for each one of our store where we do not need to hold any inventory. All orders are fulfilled by suppliers on Ali express or other dropship platforms. Our work is to market product, convert the visitors and then pass any orders we receive to those suppliers we work with. Rest they handle.
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