This is a highly optimized store designed to bring in the maximum amount of revenue for any product you decide to sell. This store has done $15,887.66 in revenue in just this month alone. Because the month of August is not over yet, the sales are not reflected on the page yet, but I did leave screenshots below so you can see my current progress for this month. I only did this as a side store to test products since I have other profitable stores. My strategy will bring sales back up immediately once you start advertising through Facebook! I will send you the exact courses that I took and followed that helped me gain massive success in e-commerce. The course will teach you step by step on how to run ads every step of the way from product testing to scaling your business. This is a general store (disregard industry niche) with total sales fully generated from only Facebook ads so there is huge amounts to grow if you have experience in other areas of marketing like Instagram, Google Ads, etc. Running this store is almost complete (automated) autopilot for me. I do not even need to spend more than 10 hours per week to run this store (you can also hire a VA to handle customer inquiries). The best thing about this store is you do not need to own any product at all. Every order is fulfilled from third party supplier online which is extremely easy to do. So basically, the entire capital you need to start running this store can be even as low as $500. The money generated from the sales can be recycled to start scaling once you start running ads. I will teach you more about this if you are going to take over this store. I will also be give you support after you have take over the store for one month so whenever you have any questions regarding the business, you can ask me and I will answer you based on what I know.
Financials and traffic
Profit margins will vary depending on each product. From the methods that I will be teaching you, your average profit margins will be between 25-40%.
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.
Advertisement costs will vary. You will invest more as you make sales and scale. If you scale a product really well, your ad spend can go even up to $20,000, but of course at that point you will be making significantly more than that. The cost of apps total is also around $150 a month if you use the apps that I highly recommend. These apps have increased my sales and conversions rates immensely. $150 a month is nothing when you can make $1000 more easily with these apps. Of course, if you believe certain apps are not useful you can cancel them which will lower your monthly app cost, but I highly suggest you do not if you are serious about succeeding in e-commerce. Do not try to save a $50 and miss out on over hundreds if not thousands of dollars.
The first product is generally the hardest to get off the ground. Once you get the ball rolling, it's simply just more product research, scaling, and etc. Now that I have scaled one product on this store, it has decently sized customer base built in with a trusted brand image on Facebook where you will be doing most of your advertisement. Product will launch with much higher success rates as this store is already proven to bring in sales. This store is still at its baby stage and has so much more to grow. If done properly, you will easily be able to do around $30,000-40,000 in revenue a month. This is a completely realistic goal if you stick with the courses.
How can the future owner improve the business?
Advertising varies from month to month depending on how much you are looking to scale products etc. I will show you exactly what apps are most effective and teach you things that I have learned from multiple courses valued over $5,000. My method is extremely simple and I will help you step by step.
What work have you put into the store?
As I mentioned earlier, getting that first product to blow up on your store is the hardest as it has no organic traffic whatsoever. I have had to do a ton of testing with different pages, themes, apps, and etc to maximize the conversion rate. The current store set up is highly optimized and has been reviewed by many other successful e-commerce business owners. I pretty much laid out the perfect store for you. All that is required now is Facebook advertisements which is easy when you have a trusted store with a powerful brand presence on Facebook.
How many hours does it take to run this business per week?