All prices in USD
  • Avg. revenue /month
    $2,290
  • Avg. sessions /month2,645
  • Avg. profit /month
    $1,840

Business Story

Why this business was started

My sister has been in the dropshipping business for over three years. In September 2017, she created this Shopify store but didn't end up pursuing it as she wanted to focus on her main business. After reading about dropshipping, I tested about 10 different products, but none of them were profitable. I then decided to take over this store from her and I launched on December 26th 2018 (to be exact).

The reason of selling this business

The reason why I have decided to sell my business is because of time constraints with school. This has been an operating business since end of December 2018, and after February 2019, my school workload become too much to handle with a business. Therefore, since then, I have not been able to put in enough time into the business as school is my top priority currently, especially as I go into my last year of University.

What's involved in running this business

Content creation, social media management, customer management and service, fulfilling orders, launching new products and social media and email marketing.

This business was founded: about 2 years ago
Time to run this business: approximately 25 hours per week

Traffic and Performance

  • Avg. revenue /month
    $2,290
    Verified
  • Avg. sessions /month2,645Verified
  • Avg. profit /month
    $1,840
  • Profit Margin26%
  • Avg. sales /month83
Other details about profit: The business started operating in December 2018, therefore the average monthly revenue is US$7,422 (US$51,954/7). All sales were made through Shopify. The Shopify valuation is at US$36,970.00.
Total revenue
  • $54,970
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 63,489Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Domain
      $14
      /year
    • Shopify Paid Applications
      $68
      /month
    • Social Media Ads
      $2,500
      /month
    • Product cost (monthly average)
      $2,500
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      This can be transferred over dropbox or email.
    • Personal support after sale

      I am willing to offer a month of complementary support and consultation for 30 days after the hand-over of the business has been made. This includes introducing you to all our suppliers (so you can benefit from our cheaper prices) and social media influencers, Shopify backend, apps, etc. This will help in making the transition smooth and easy for the new owner and their team.
    • Domain

    • Product photos

      We will transfer all our pictures and videos of all the products that are currently on the website. These pictures and videos are from our suppliers, photoshoots and social media influencers. This can be transferred over dropbox or email.
    • Social media

      Total followers1,923subscribers
    • Suppliers

      Not Included
    • Mailing List

      3,631subscribers

    Seller‘s Advice

    How to grow this business

    The potential growth for the baby niche market is endless and will always be there, because parents are always willing to spend money on their children. Over the next few years, growing the store can be done by launching innovative products, scaling ads, continue to increase social media following and expanding the mailing list. Customer satisfaction is also a huge contributor for growth. This can be done by reducing shipping times. Hiring a few employees may also be beneficial in the near future, in order to distribute the work. Lastly, updating the website after every couple of months may be beneficial. I just re-designed the website about two months ago, using a bought theme on Shopify.

    Skills to have

    The future owner should be well-versed in online/social media marketing, operating an e-commerce store, and managing systems within a business.

    SV
    Salmaan V.Current store owner
    Currently a 3rd year undergraduate student studying business at Simon Fraser University - Vancouver, Canada.

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