All prices in USD
  • Avg. revenue /month
    $3,468
  • Avg. sessions /month1,336
  • Avg. profit /month
    $1,800

Business Story

Why this business was started

This business was started as a endeavour to support my expenses as a full-time graduate student and took months of painstaking work, involving cataloguing of products, establishing communications with suppliers and shipping agents to ensure a smooth journey.

Drop shipping allowed me to stay-home, do my due diligence as a student and earn a decent income. Imagine being able to pay for car/bike installments just by responding to inquiries and clicking away at a computer. That was what this business allowed me to do!

I carved out a niche in Pendant Lights and LED Ceiling Lights which were expensive and only available in traditional retail stores in Singapore. Therefore, I was able to receive the attention of customers who are attracted to the unique, attractive and wide variety of designs, coupled with competitive prices.

The reason of selling this business

I've finally graduated! I am ready to leave this in the hands of someone who is either experienced or non-experienced (will provide guidance for half a year after take-over). I am moving on to a full-time job and will have less time, but a good sizeable monthly income and will therefore, no longer need this business to supplement my income.

You may expand the business as you wish, there is a lot of potential for overseas sales.

What's involved in running this business

You will have to handle daily inquiries from Facebook, Carousell and directly from the website. The amount of inquiries depend on amount you spend on ads and other factors that will affect listing views.

You will have to liase with Chinese Speaking suppliers to order and have the goods moved to the warehouse in China, before they are shipped to Singapore. You can also organise your own logistics to other parts of the countries.

At this point in time, I am also offering installation services that are outsourced. This also provides an additional avenue for generating additional profits. However, you will have to manage the installations dates and time. The current contractor has been with me for 6 months, I've built a relatively good relationship with the contractor, he is offering top-notch services and will go out of the way to assist you with technical issues, without extra charges.

This business was founded: over 1 year ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $3,468
    Verified
  • Avg. sessions /month1,336Verified
  • Avg. profit /month
    $1,800
  • Profit Margin35%
  • Avg. sales /month24
Other details about profit: There is an extremely good potential growth for the business if someone experienced is willing to take-over the business. At 30%-40% margins and there is no need to worry about cash-flow issues.
Total revenue
  • $69,357
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 26,736Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $39
      /year
    • Google Adwords & Facebook
      $180
      /month
    • Pixlr & Canva
      $0
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      All logos and branding assets will be transferred through drop-box or other cloud-drives.
    • Personal support after sale

      I will provide guidance on how to run the business, including fulfillment and following up with customers for a period of up to 3-months after the hand-over
    • Domain

    • Product photos

      All product photos will be transferred through either drop-box or a meet-up to transfer the pictures through storage device.
    • Social media

      Total followers180subscribers
    • Suppliers

    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    I would be spending more on advertisements and targeting the exponential growth in home ownership in Singapore. Light fixtures are a part and parcel of renovating a new place and consumers are increasingly taking their purchases of light fixtures, furnitures etc online due to the wide-offerings of designs that are available.

    I would also take the business off-line, opening up another sales channel by carrying some of the latest designs in inventory. We have to accept that there will be a portion of consumers who will prefer to view the products in person, before making a purchase. A multi-distribution channel approach is what I will adopt once the business reaches specific goals.

    I will also be open to taking up projects, where I supply and install the lights for other small-business owners when they set-up shop. They are usually able to provide better margins then home-owners.

    Skills to have

    You will need some knowledge on the basic parameters of lights, and a basic technical skills if you'd like to continue the installations part of the business.

    You will need to converse in Mandarin sometimes when communicating with the supplier since most of them are from China. The agent will handle your orders, pack and ship them as well as provide after sales support. All you need is to install WeChat and communicate with them. Services are provided 24/7.

    Share

    AG
    Andy G.Current store owner
    I am a Business Aviation Graduate from Embry-Riddle Aeronautical University and got to applied the teachings in class, to real-life situations. Drafting up business plans, performing analytical and strategic decisions to ensure I quickly capture the market upon launch.

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