Welcome to Monadashop! Our online store is a general store that is catered towards females. We sell a variety of accessories and collectible gifts. Our store mainly utilizes instagram influencers to sell our products. There is no inventory and it utilizes a dropshipping business model from Aliexpress.
Financials and traffic
The profit margin is about 40%. It is quite high as we utilize instagram influencers which is a fairly cheap traffic source.
Average overall profit margin
Average number of sales/month
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.
If they want an easy way to get into shopify dropshipping. Our store has proven products within proven marketing sources.
How can the future owner improve the business?
Begin running Facebook Ads: run retargetting ads to people that have already visited our site
Expand traffic sources: Utilize sources like Google Adwords and Facebook ads to acquire new customers
What work have you put into the store?
I have put in so many hours into the store. It has been open for over 6 months but only recently in the past two months has it generated significant revenue. I have created the store, created the logo, created custom graphics like trust badges and trust badges. I have also spent lot's of time finding the right influencers to market to and adding in trending, hot products.
How many hours does it take to run this business per week?
I am currently a University Student that is on summer break. I am selling this store as I will not have much time to actually run the store during the school year. I am quite open to providing on going support with the next person that takes over the store and can commit a few hours a week to Skype calls.