Cable Chomps has done over $50,000 in total with this store doing $17,000 the product is still active but we haven't been touching the ads because we are focused on other business ventures. We started this store because the product was heavily trending and no one was running ads on Facebook effectively, we have been running this store for 1 month and we have put in quite a bit of time into testing on Facebook to see what works for us. Currently we are dropshipping, we are buying the Cable Chomps at around $1-$2 and selling them at $13. Not to mention the fact that when someone buys they will usually buy multiple, this helps our profit margins be amazing. To attract customers we have ran ads via Facebook and we have only focused on the upfront sales. We have not touched email marketing yet. We were spending about $2-$5 per customer acquisition giving us a good margin with ad cost included and we have been getting tons of recurring customers without scaling meaning the branding is solid for this store. Overall this store has generated us quite a bit of sales but we haven't even touched the brink of Instagram marketing, Google ads, or Lookalikes on Facebook, this store can be scaled well past 5 figures a day with pure ads, with email marketing multiple 5 figures a day can be done (The price can be negotiated this is just a starting point).
Financials and traffic
Shopify's statistics are inaccurate. Our Year to Date Sales are attached in the secondary images are $17,000. The products themselves have made us over $50,000 from June 15th 2018 to now.
The Cable Chomps logo is also included in the sale, which covers all of our designs from being stolen from others.
The store conversion rate was 2%-3% in the last month (we haven't added the reviews either. With reviews it could be much higher)
Average overall profit margin
Average number of sales/month
Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.
Ad cost for this store was a total of $5000 and we made back around $17,000
We have just ran some Facebook ads without touching up on the branding side meaning we have been doing $3,000+ per day with just upfront sales and we haven't even scaled it. The next business owner can turn this store into a long term brand that will generate profit for a lifetime.
How can the future owner improve the business?
The future business owner can start scaling their ads and targeting more countries as we did mainly the USA and Europe. Also they can start branding further as we haven't touched the email list at all. There's so much potential for this store that we haven't even scratched the surface of.
What work have you put into the store?
We completed the design from scratch with the conversion rate being 3% with reviews. We also spent a lot of time optimizing the ads and figuring out what works and what doesn't leading us to a 4x return on ad spend. And we spent a lot of time adding other products we know will work.
How many hours does it take to run this business per week?