Why this business was started
I decided to start this business because I saw how everyone in the e-commerce dropshipping game (YouTube, Instagram, etc) was selling posture correctors and were making a killing! I hadn't personally paid much attention to it, but after seeing that I also wanted a piece of the pie; and believe me, there's plenty of that pie to go around for absolutely everyone!
The reason of selling this business
I decided to sell this store because at the time that I started building out my shop and started conducting some market research I was presented with another business opportunity and I decided to take that on instead. I pushed this project off to the side with the intentions of keeping it going as a side project but I just didn't have the time anymore.
What's involved in running this business
Well since this is a dropshipping business it functions differently than other e-commerce businesses. You have to run paid traffic to your store to get visitors and then convert them into paying customers. For that you could run Facebook or Google ads or any other type of ads, but in this case I recommend either FB or Google. You have to make sure your website is functioning correctly so that your customers can checkout easily. Once you get an order you simply fulfill using the Oberlo app which makes everything 100x easier! You should keep your customers updated about their product so they don't get anxious about it, communication is key in this business. Now, to get the most out of your money I do suggest setting up txt message and email marketing to send out automated email and text sequences to your new customers to create long lasting loyal customers that you won't have to keep paying for via paid advertising.
- Shopify plan
- Paid apps
- Facebook Ads
- Video/Photo Editing
Physical inventoryNot available for starter stores
Logo and branding assetsI'll transfer over all branding material I posses via email.
Personal support after saleI will answer any questions you might have about running the store for one week after the purchase. This includes.. how to use Shopify, how to run basic Facebook ads campaigns, and how to make the store better.
Product photosThese are available with the purchase of the store since I am selling the store already set up.
SuppliersNot available for starter stores
How to grow this business
The domain in general is pretty great to turn it into a brand focused on posture correcting products which is an evergreen niche, meaning you will get paid for as long as people have posture problems. I personally would grow this store by keeping in as a dropshipping business for the first year. After that you can white label the products so you look like a trust worthy brand. After this, I would order inventory in bulk to ship it out myself or use a fulfillment center in the US. After 3-5 years of scaling the business I would exit the business by selling it for a good chunk of money.
Skills to have
As as far as skills go I say you should do the following to be a solid business owner of an online store.. 1. Learn basic marketing tactics 2. Learn paid advertising (Facebook ads, Google ads, etc) 3. Learn copywriting These three are the main ones that have helped me in my other businesses. Once you know the basics and know how these things function you can outsource this to other people so that you can sit back, chill, and check on them from time to time.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.