- Avg. revenue /month$362
- Avg. sessions /month992
- Avg. profit /month$50
Why this business was started
I decided to start this business as was bored during lockdown and thought I could learn a new skill and came across dropshipping. After watching a few youtube videos, it started to seem feasible for me and decided to just give it a go and see how it goes. Alongside studying medicine, I have a strong passion in entrepreneurship and interested in creating passive income. I started this to create an additional source of income alongside my education.
Over the past few years I've spent a lot of time studying for medicine exams and sitting on a desk and noticed that my posture isn't very good and was starting to cause neck pain. I figured that a lot of people will have this problem over lockdown due working remotely and I started to research products that would help fix my posture. I came across a posture corrector brace, that can be worn very easily just like a vest and it is a fairly cheap product. I ordered one for myself and after wearing one for a week, my posture felt much improved and healthier. I decided that this was a great problem solving product, made a video ad of me wearing it whilst carrying out different activities and launched the store!
The reason of selling this business
I have decided to sell this business as I am extremely busy with medical school and do not have much time to focus on this business anymore. Alongside spending majority of my time within hospitals, I also have other major passions involving societies, teaching and medical technology entrepreneurship which I am currently pursuing. Furthermore, I am a student and do not have a source of income to rely on so I find it really difficult to invest large amounts of money into this business. Therefore the shop has been progressing very slowly. From this business, I have learnt a lot of knowledge and skills and I know that if I had more time for this I can definitely scale it up internationally and make good money from this. However, this requires more time and money to optimise and scale up the marketing.
What's involved in running this business
I have been using google ads and facebook ads to generate traffic to the website. Google ads is based on relevant keywords around posture corrector and for Facebook, I have created a short 15-20 second video ad of myself wearing it whilst carrying out different activities such as studying, gaming, exercising etc. Running the advertising campaigns will be the most important aspect of this business as it is important to get a lot of traffic to the website in the first place. To convert this traffic into sales, the website has high quality photos and more information about the posture corrector such as how to wear, when results are visible, why they need one etc. Furthermore, there are lots of positive reviews available left by customers about the product to build trust and see the impact of a posture corrector for themselves. Also to convert more sales, I have provided a free eBook about improving their posture and workstation, that they can download when they complete their order from the website. Fulfilling orders is very simple as this is carried out using Oberlo, which inputs the buyer's order information onto Aliexpress, where I just have to confirm my payment details and it is shipped straight to them by the supplier. The products have always reached the customers, you will not have to worry about anything once the product has been paid for. As the product is shipped from China, it can take up to 2-3 weeks, which is a long time but customers are happy to wait providing that you are upfront and honest about the waiting times. To attain repeat customers, I have previously sent 20% off discount codes to all email subscribers as part of the mailing list. The store has been completely focused on one product so far, I have tried to add in a massage gun to increase profits but have found this difficult to market as it is quite an expensive product and so for the time being I have mainly stuck to the posture corrector. Although with more time, this can definitely be looked into for creating more profit.
Traffic and Performance
- Avg. revenue /month$362Verified
- Avg. sessions /month992Verified
- Avg. profit /month$50
- Profit Margin13%
- Avg. sales /month21
- Shopify plan
- Facebook and Google
- Product costs including shipping
Physical inventoryNot Included
Logo and branding assetsThe logo and other social media photos can be transferred via email.
Personal support after saleNot Included
Product photosHappy to email over the photos currently being used on the store.
How to grow this business
My efforts to grow the store have been minimal due to a lack of money and time and has therefore been slow mainly. Furthermore, it has taken my a while to understand how facebook and google ads work in the first place as this was my very first time using them, so I have ended up wasting some money on them. However, over the next few months I would try to create a few different facebook campaigns using a professional and unique video ad. Once a successful facebook campaign has been found and works, I would make the business international and target the other big countries to scale up further. Furthermore, I wanted to add some more health products such as yoga mats, foam rollers etc and make this business about overall health and not just posture correctors.
Skills to have
Some marketing skills would be ideal, or at least be willing to learn. Having some experience with Facebook and Google ads, would help massively in helping to scale up this business, it is something I have struggled with as I have just learnt about marketing with this business for the first time. Some video editing and photography knowledge would help in taking photos and videos to create new original and unique ads to differentiate yourself from the competition and attract customers.
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.