Dropped the selling price to $2,000. Luxurious, premium quality time pieces and watch collection for both men and women. Store created in February 2018 and have been running it for 5 months. Dropshipping business model fulfilled by Oberlo/AliExpress.
Marketing strategies have been dependent on influencer marketing through social media. I am personally selling this store, because I cannot dedicate the proper time & attention for it to really take off. I am confident in its potential once a strong email/social media campaign is created it could deliver income. Taking a step back from store to focus on personal matters and a new business venture.
Financials and traffic
Average overall profit margin
Average number of sales/month
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The potential for this store is unlimited! Due to strong SEO, traffic is solid. All it needs is more attention and a creative face-lift for marketing to convert more consumers. Greatest revenues are made when partnering with an influencer and great profit margins at 50%. With the proper marketing strategy, the site could easily attain $3-$5K consistently. Originally marketed towards the French market, now marketed to US. The opportunity is great.
How can the future owner improve the business?
Developing a strong email/newsletter marketing campaign, exceptional customer service. Developing a solid social media following/advertising (instagram and facebook ads just created and need more attention), connecting with influencers as well as better ideas for newer suppliers.
What work have you put into the store?
New web design and layout, showing price and sale difference. A lot of UX with social media sharing. Suppliers are set already through Oberlo/Ali Express with Google Analytics already tied. Facebook & Instagram page newly created.
How many hours does it take to run this business per week?