- Avg. revenue /month$3,517
- Avg. sessions /month4,036
- Avg. profit /month$525
Why this business was started
I have always been intrigued by the idea of dropshipping and being able to run a business with a very minimal initial investment. I have always liked the idea of having a business that could run on autopilot allowing me to work from anywhere in the world. I stumbled across this product that solved a problem in a niche full of very dedicated customers and believed that it could perform very well. It definitely proved to do so.
The reason of selling this business
Running this business has been fun and I definitely learned a lot, however, I am not super passionate about this product or store and it really shows. I often find it hard to be motivated to work and grow this business. I have been working on a passion project business on the side that I would like to start putting more time and effort into and so selling this business and going all in feels like the right choice for me.
Here is a quick overview of this business: Started in november and had a slow start. Investing just $20-30/day in ads. I did not make any money this first month. I believe it to be partly due to the BF/CM rise in ad costs. Suddenly in December just after CM had ended, the business started to make profit. I also started running LLAs which really helped a lot. I made just about $500 profit in December. Nothing huge, but a great start for me. After making some consistent profit, I decided I would try to scale the store. In early January I began spending $300/day on ads and received just over $100/day net profit. I made $800 profit the first week of January. Unfortunately I then made some bad business decisions. I decided to switch over to a supplier who promised 5-7 day shipping, however, the cost was a bit more than I was used to. I made quite a bit of sales with this higher cost product, but I was unable to make it profitable and eventually returned to my previous supplier. This ate into a lot of my profits. I then decided to scale down during the Chinese New Year and test a new product which was warehoused in the U.S. This new product was definitely not a winner and I ended up spending the rest of my profits. But my biggest mistake was beginning to scale back up right as the Chinese New Year ended and the Coronavirus began. I took in way too many orders that could not be fulfilled for weeks. This resulted in many refunds in chargebacks which have now been dealt with. All orders have since been refunded or fulfilled. If you have experience with facebook and know what you are doing, this can be turned into a quick buck. I have plenty of pixel data and a customer list of over 1000 people. My main product is definitely a winner and can be largely scaled in the right hands.
What's involved in running this business
This business will require order fulfillment via aliexpress, running facebook campaigns, and customer support. Very minimal work and time required.
Traffic and Performance
- Avg. revenue /month$3,517Verified
- Avg. sessions /month4,036Verified
- Avg. profit /month$525
- Profit Margin15%
- Avg. sales /month266
- Shopify plan
Physical inventoryNot Included
Logo and branding assetsAny content I have for this brand will be shared via google drive. Logos, videos, pictures, etc.
Personal support after saleNot Included
Product photosAny content I have for this brand will be shared via google drive. Logos, videos, pictures, etc.
SuppliersI will share information for multiple suppliers I have used and the different benefits that each one offers.
How to grow this business
Depends on how exactly you want this store to be run, but I personally would consider purchasing product in bulk and warehousing in the U.S. just to offer a better service to the customers and hopefully build a stronger relationship.
Skills to have
Definitely be sure you know how to run profitable facebook ads. I will be giving you all of my current content and audiences that have worked well for me, but to continue testing and growing you should probably know what you are doing with facebook and have some sort of action plan.
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.