All prices in USD
  • Avg. revenue /month
    $5,167
  • Avg. sessions /month2,159
  • Avg. profit /month
    $832

Business Story

Why this business was started

Navigationforboats is a Shopify flex store, meaning it can be used to sell products that belong to different niches, though now it is used to sell fishing items. Flex store gives you greater flexibility to sell virtually anything and not to be stuck to one specific niche. For instance you can sell fishing and camping supplies during the summer but when winter comes you can easily switch hunting & snowboarding gear. But it also doesn’t mean that with a flex store you cannot concentrate on one particular niche. Navigationforboats right now is just committed to selling fishing products. I think it would also be a good idea to do mugs, cups and t-shirt or print on demand for fishing products. This has been designed to drop ship all the products from all over without ever touching, packaging and shipping the actual items. Doesn’t mean you cannot use this store to ship it yourself, however, with drop shipping you don’t have to have a warehouse filled with items that you, for more than one reasons, might not be able to sell. Drop shipping setup allows you to get paid first, then you can pay your drop shipper that ships the item directly to your buyer. This way you work smarter, not harder- virtually all risk is eliminated and you’re totally in control.

  • Operational -

So far I have 5 vendors that I use that I will provided to the buyer each vendor they are easy to get setup. I have a total of $60,931.60 in year to date sales. I have added several apps Kit, Outfy, Privy, Sales Pop and Facebook Marketing. I use Kit and Outfy a lot to post to Facebook daily, this keeps new information being posted daily with just a few clicks.

Worldwide Audience

While most of my buyers are from USA, Australia, Brazil, Canada and UK, I have always targeted worldwide audience. eBay has given me the ability to ship without the worry of shipping overseas. So many people from those countries do not have a local Walmart or Target to go to and are eager to buy from you! Even though you can purchase items from over seas most of my products are bought and shipped from the US.

The reason of selling this business

The main reason for selling my dropship store is that it has been hard for me to find the time to do research, advertising and answering question and posting to facebook page daily. I have a goal to try to keep my response times within 2 hours. All orders that are placed by 3pm eastern time are placed and shipped same day.

What's involved in running this business

Simple and easy to run, I like to respond to all questions as soon as possible within 24 hours more like hours. Most of the time is spent on researching new items and what items you can run sales and running ads.

This business was founded: over 1 year ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $5,167
    Verified
  • Avg. sessions /month2,159Verified
  • Avg. profit /month
    $832
  • Profit Margin20%
  • Avg. sales /month5
Other details about profit: The store averages 15 to 25 percent profit.
Total revenue
  • $103,332
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 43,189Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $15
      /year
    • eBay
      $79
      /month
    • Facebook
      $100
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Both parties to make an account with Escrow.com. Domain Name - NavigationForBoats.com Shopify account - NavigationForBoats Facebook Page - NavigationForBoats eBay Page - NavigationForBoats (Make sure it can be transferred if not I will delete my page so new owner can create another page with name still researching.) List of 5 vendors
    • Personal support after sale

      I would provide support for up to 30 days after the sale. The most time is spent on researching products to runing ads. I will also provide support in placing orders under my accounts until the new owner can get their accounts set up.
    • Domain

    • Product photos

      Not Included
    • Social media

      Total followers150subscribers
    • Suppliers

      Not Included
    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    I would test different advertising platforms, Google, Instagram, YouTube etc. Definitely looking at building email list and blog posting. I would also look into print on demand t-shirts, mugs, wall art ext.

    Skills to have

    Solid backgroung in advertising, email ist and blog posting would be great bennifit to helping take this business to the next level.

    Share

    SK
    Sharon K.Current store owner
    I'm a Tax Professional and Entrepreneur. Working in the industry for the past year , I was able to grow a successful online business.

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