All prices in USD
  • Avg. revenue /month
    $5,300
  • Avg. sessions /month3,080
  • Avg. profit /month
    $4,000

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 1 month 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 WhatsApp directly from the website. The amount of inquiries depend on amount you spend on ads and other factors that will affect listing views.

Occasionally you'll need to spend more time, as there a bigger clients whom are contractors/designers who are sourcing for their clients. We've worked with Huta Group from Saudi Arabia, delivering more than 100 pieces for their resort project. If you are interested to find out more, you may leave me a message to get some photos and as well correspondence of proof.

These projects easily net you upwards of 2-3 months worth of profits and are worth spending your time on, even if it means losing some sleep to go the extra mile for the client.

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 over a year long, 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 (For Singapore / Malaysia (Johor Bahru))

This business was founded: over 2 years ago
Time to run this business: approximately 24 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,300
    Verified
  • Avg. sessions /month3,080Verified
  • Avg. profit /month
    $4,000
  • Profit Margin35%
  • Avg. sales /month35
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, by playing the right promotions and there is no need to worry about cash-flow issues, as each order is prepaid in the sense that you only order from the supplier when the order comes in from your customers.
Total revenue
  • $174,898
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 101,660Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $39
      /year
    • Google Adwords & Facebook
      $250
      /month
    • Pixlr & Canva
      $5
      /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 fulfilment and following up with customers for a period of up to 1-months after the hand-over Do note that current domain is '.sg' and is not for sale along with the business. You will need a '[REDACTED]' or similar domain unless you're based in Singapore. This can be swapped over at the back end and will be under my responsibility to do so for you.
    • Domain

    • Product photos

      All product photos in 1080, watermarked & raw will be transferred through either drop-box or a meet-up to transfer the pictures through storage device.
    • Social media

      Not Included
    • Suppliers

      All supplier's source are embedded in the backend listing of the individual products and provided along with the sale.
    • 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.

    Logistics a breeze with a dedicated agent who will handle your orders, pack and ship them as well as provide after sales support. All you need is to install WeChat & an APP to manage logistics and communicate with them (in English). Services are provided 24/7, but 1-1 Support is only available during working hours.

    This business can be run remotely as long as there is access to the internet.

    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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