- Avg. revenue /month$21,562
- Avg. sessions /month17,594
- Avg. profit /month$7,800
Why this business was started
I decided to start the business because i saw huge potential in the fashion and apparel niche. I used all my prior ecommerce skills to manage this store to the best of my ability and it seemed to have payed off!
The reason of selling this business
I genuinely believe that in the right hands, this business can be grown to 7+ figures each month. Running this business was the best for me. From this business, I learned everything I know about running a successful dropshipping store. Currently, I'm running a branded store that is giving me consistent BIG Net Profits, every month but needs more, dedication, time, and focus. My main goal is to reach 7 figure revenue per month.
There are very few people running this kind of single product watch stores in the online scene. This store allowed me to start with a strong foundation and learn everything related to it. I wouldn't know if it wasn't for this website. Using this watch store, help me to test multiple watches with an impressive outcome, it helped me achieve success in a speedy time.
If you take advantage of the Facebook pixel, and emails on your favor, there is a massive opportunity with email marketing, creating lookalike and re-targeting. There is a significant opportunity for growth, and the store is partially automated for someone to take over and grow the business. In other words, this store has never touched its full potential and the growth it requires.
As well, the supplier will be included (the listing shows supplier connection is not included), this is an error with the platform. The supplier is fantastic in providing exceptional pricing, service, terms, and logistics. The response time es amazing, and they are earnest in their business, which is an asset to the company. Additional information can be provided upon request. **Serious buyers only, please.
What's involved in running this business
Here's is the Main Value; the whole business is Partially Automated. All the product on the website are currently the hottest most trendy apparel online today. I have a strategy which let me see and know about all new upcoming hot products( I will make the buyer know how to do this, secret). All you need to do is FOCUS ON MARKETING using Facebook ads.
Since the store is a niche Dropshipping store, you won't have to go through the problem of testing all the different products that are coming out to the market.
I will include the supplier and potential virtual assistants, which takes care of fulfilling orders via oberlo, files, answering comments, messages, emails. The supplier is very reliable working with me. And has years of experience in the dropshipping scene.
The main source of advertising used to drive traffic to the store is facebook ads. After many lessons learnt, i have came to the realisation that having a clean funnel/landing page leads a high rate of conversions from the traffic.
A big part of the business is keeping our customer happy by delivering fast shipping times and quality products. A big way of covering that is by fulfilling orders 12 hours post purchase, this allows the supplier to dispatch the orders on time therefore leading to faster shipping arrivals.
An important part of the business is having repeating customers. This can be done easily by retargeting existing customer using facebook ads retargeting feature.
In order to keep the business sustainable, alot of product research will have to be done, therefore new products can be uploaded on the store weekly. Everyone has a different taste when selecting products to upload onto your store from aliexpress, but for me, i upload any product that catches my eye and i feel might have potential to sell.
Although the majority of the business is automatic, there are different factors in the business that you will have to manage yourself such as product research, advertising and keeping an eye out on your staff. These 3 factors can be outsourced but the reason i didn't outsource them is because i believe the core of the business relies on these factors and therefore it was only safe if me as the owner were handling them.
Traffic and Performance
- Avg. revenue /month$21,562Verified
- Avg. sessions /month17,594Verified
- Avg. profit /month$7,800
- Profit Margin30%
- Avg. sales /month550
- Shopify plan
- Apps (Order Metrics and Currency Conversion)
- Facebook Ads
- Transaction fees (2.9%+30c) per transaction
Physical inventoryNot Included
Logo and branding assetsVia email, all logo and branding assets.
Personal support after saleI will support the buyer, he/she will have access to my phone number, where i am happy to answer any questions at all times. I am happy to help with any parts of the business whether its advertising or product research etc. This help will mainly be done via skype or text messages (whatever the buyer is more comfortable with). I am happy to be in contact and help the buyer with the business for the next 3 months.
Product photosWill be transferred via oberlo
Social mediaNot Included
SuppliersThe buyer will have all access to our product suppliers via oberlo
How to grow this business
There is huge scope to grow this business to the point where a sizeable passive monthly income could be obtained.
Take advantage of the massive amount of data collected by the Facebook Pixel. Using the pixel, you can re-market, create a look-alike audience in different countries and by segments.
This will help you to start profiting from day one; this is by far the most powerful way to create profit with less investment.
Post on Facebook daily to keep the audience warm, so you can grow your organic reach, and make more organic sales this will help you to rank higher also in google. Is always good to answer comments and messages quick since this will help in customer satisfaction and build trust. Create a friendly community around your business. Your clients are the best asset in your business.
Start to do email marketing to the thousands of customers emails we have, to generate value, reengage customers, and then start to sent offers, and show your new products monthly. We never took advantage of this great opportunity! If you apply a 10-30% email conversion rate to a receptive list of approximately 2.5k subscribers, there is a very lucrative opportunity here.
The more watches you test using ads on Facebook the more faster you will find your winning watches, that's been my success, and many of successful people that I know use this method, the website includes a premium theme (Jumpstart) so you can test multiple variations for testing your sales funnel. This theme is very famous on the e-commerce scene is one of the best in conversion rate on the market.
You can also White label watches to drive more brand awareness, and Develop an affiliate program to drive traffic and encourage more sales. You can leverage your customers or get more people interested in making money online and offer them a way to generate an extra income, or discounts for them with your affiliate program = easily.
Skills to have
At least minimum, the buyer should know how to create and run Facebook ads.
This store currently has all the winning watches, great descriptions, and pictures. It's all about taking your time and focusing on creating an engaging video or image ad and carefully choosing the best interest to use for facebook marketing.
I will also provide the buyer with my support and knowledge to start with the correct marketing skills for 2019 to create great ads for Facebook. This is priceless.
Note: I started by myself only using youtube watching as many youtube video related to facebook ads and also a most the Facebook blueprint, which is free. The best way to learn is hands-on with the time you will get better if you fail fast is better, because you will learn from your failures.
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.