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Screenshot of sold business meditationxparadise.com

Meditation Paradise

meditationxparadise.com

Appears in Fashion and apparel , Georgia, Oberlo stores for sale, Dropshipping, Lifestyle, Home Business for sale, Business and Franchises under $5,000, United States, Jewelry, Established businesses, Large Business, Highly Profitable businesses

General description

Meditationxparadise is a niche store for bohemian/hippie/chakra style jewelry, clothing, and other items.

The store is turn-key and is a completely operational drop-shipping business. I have been focusing mainly on my new business venture, so sales have dropped off some due to lack of promotions.

There is a potential to make large profits- even in one month- if promoted heavily and properly (see screenshot from September of 2016. 11k in revenue and 5.5k in profit.

Financials and traffic

Most of our profit strategy is straightforward. We offer the items for more than it costs to purchase and ship them from the suppliers- aliexpress and oberlo. One specific marketing technique we have relied on heavily is to offer "free or giveaway" items as a promotion and the customer only pays a nominal shipping fee. These items only cost anywhere from $2-$4 to purchase and ship so there is a profit margin already built into the "free item" These promotions actually do quite well because many customers are enticed by something free. Obviously, you want to set your shipping charge so that the margin is what you deem necessary.

Average profit/month

$400 USD

Average overall profit margin

60%

Average number of sales/month

87

Average Monthly revenue

$2,073.41 USD

Average Monthly traffic

1,989 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

The amount of sales/revenues that take place each month depend on how much the products are actively promoted. I did this primarily through key instagram influencers in this niche. You will inherit the DM and contact information for these influencers- as well as the positive working relationships we already have with them. It is then just a matter of promoting the already existing products withe the key influencers. So the expenses for marketing can vary widely from month to month for advertising. The more you promote- the more you will sell. There is room for growth with Facebook Ads, and other social media. There is also room from growth if you can do more Off page SEO to get the website higher in the google rankings for the keywords (backlinks etc.).

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions (ie. Mailchimp, apps)

$15.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$25.00/month

Domain

$1.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Pinterest

meditationxpara

Twitter

MeditatationX

Mailing list

900 subscribers

Social media followers

18,000 people

Q & A

Do you work with any employees, freelancers, or contractors?

SEO Manager- On page SEO, willing to do Off Page SEO Also have hired her to do some product descriptions since I did not enjoy this part of the business.

Why should someone buy this store?

I truly believe this is a great opportunity for the right person. The amount of sales and growth I saw in one year was really astounding considering that I am not that interested in this niche in general.

If someone is interested in the niche of bohemian style jewelry and clothing- this is a no brainer. I did not enjoy searching for new products or keeping up with the new fashion trends.

With over 16k followers on the Instagram page alone in less than a year and a half- the brand has a strong following. Average post engagement on instagram is between 300-500 likes per post.

I am selling the business because I have decided to focus on a business model that I have more interest in- flying drones.

The store is set up, the marketing funnels are there, there is a strong social media presence for instagram and lots of room for growth with the others.

The main things I would say that someone needs to thrive with this store are a basic understanding of product marketing and promotion and interest in the niche- bohemian, hippie, chakra clothing and jewelry.

If you have any prior experience with drop-shipping, that could potentially be helpful- but it is not necessary.

In addition, there is sometimes a need to respond to customer inquiries about typical drop-shipping issues etc.

This is something that could be easily farmed out to a freelancer once they know how to respond to inquires and wouldn't be a huge cost if there was a per reply cost basis or something similar.

This store/business has a lot of potential for the right person!!

How can the future owner improve the business?

A future owner can improve the business by

  1. Adding more products from oberlo and aliexpress to the current niche product lineup.

  2. Find and contact more key influencers on instagram and facebook to help promote the products.

  3. Institute a membership program through the various memebership apps available on shopify that will provide several items each month for a monthly fee etc.

  4. I have done some SEO but the business would potentially benefit from more SEO.

What work have you put into the store?

Extended the product line and grown the niche. Created relationships with and worked with key instagram influencers in the niche (followers of 100k- 1 million) Grown the instagram, twitter, Facebook, pinterest, and polyvore audiences.
On page SEO Enhanced product descriptions and images Enhanced themes and apps that make the store more functional

I am glad to explain some of the apps that help the store function in a more streamlined way- cart abandonment apps etc .

Store images

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