All prices in USD
  • Avg. revenue /month
    $9
  • Avg. sessions /month77
  • Avg. profit /month
    $10
  • Inventory value
    $20

Business Story

Why this business was started

After being highly successful on eBay, expanding the business on a more brick and mortar approach, along with an online store to establish a more authentic level with extra brand recognition in the physical local area, yet still have an international reach of those customers who have successfully migrated with the store over from the original e-commerce platform, allowing more personalisation with added customer efficiency on the new website and business approach.

The reason of selling this business

The business needs more investment, which I cannot currently grant, given the timing in which the business is finding itself, and also a more marketing-orientated mindset, rather than just a e-commerce "add as many products as you can" mindset. I have ideas to continue this going forward, but no coding knowledge in which to achieve them.

What's involved in running this business

Filling out customer orders is currently a manual process - as warehouses of my products are currently located in both the UK and the US.

This business was founded: almost 2 years ago
Time to run this business: approximately 3 hours per week

Description

General description

Monody is a dropshipping vitamin and supplement website and accompanying Facebook page, Facebook shop, and Instagram account. All products come from reliable vendors. This website was created to have a unique black and gold, royal feel, while giving customers honest advice from professionals. We chose against having online ads, as it could dissuade customers from the encompassed experience.

As supplements are a technological advance on traditional herbal remedies, education of the customer as to why they should buy from us was key. Demographics of the example person are also available upon request.

I am selling the store because it needs more advertising money behind it to start of with a website, and gain a reputation.

Why should someone buy this store?

With a wide market, one of the top 10 highest markup products available, and expansion available very quickly in over 88 countries worldwide. The supplement market is expected to grow to $278 billion dollars by 2024 - and already with a headstart into the field, big margins are to be made.

How can the future owner improve the business?

With bigger advertising budgets, this company can grow in every aspect on every continent. On social media, a reputation can be second to none, and a easy way to grow for free is to utilize these. Vendors also offer bulk buying straight from the factory so local shops can possibly be set up, making your competitive edge be seen to a wider audience.

What work have you put into the store?

Created it from scratch, adding all colours, products, pages, policies, technical details etc. Basically, everything you see on the store has been made by myself.

Traffic and Performance

  • Avg. revenue /month
    $9
    Verified
  • Avg. sessions /month77Verified
  • Avg. profit /month
    $10
  • Inventory value
    $20
  • Profit Margin20%
  • Avg. sales /month125
Other details about profit: Average profit shown is profit from the store itself. Being used as a funnel onto eBay, profit was generated close to the $324/month margin on average. (screenshots in proof of performance)
Total revenue
  • $207
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 1,705Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $14
      /year

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Logo with delivery sticker and "capsule". Transfer on your choice of media/encryption. Business plan included.
    • Personal support after sale

      Provide support of csv product file importing, product adding, order simulations, point of sale requests, Facebook/Instagram ads manager help, the basics on how to run the website, supplier integration help, and general tips along the way. I will be available for help up to the six months from sale, from email and direct messaging help.
    • Domain

    • Product photos

      All product photos without white backgrounds. (.png/.jpg)
    • Social media

      Total followers100subscribers
    • Suppliers

      Supplier relationships are very tight. Although I can't provide my own account to work from, support to create an account, and possibl migrate orders etc will be made.
    • Mailing List

      10subscribers

    Seller‘s Advice

    How to grow this business

    Using technology, advertising the business properly will make sure that you outrun the competition. Local advertising can also help because it can target audiences easier. Brand assurance is essential.

    Skills to have

    The owner needs no supplemental knowledge prior to the purchase as this will be gained "on the job" basic IT skills and Google Ads/Excel work will benefit.

    Share

    DL
    David L.Current store owner
    Dabbling into the self-entrepreneur world with supplements, home appliances and innovative ideas.

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