Truly passive income source. I created this site and it has proven to sell like crazy. I got my first sales the first day I launched. THE PRODUCT IS KEY! Also the marketplace revenue numbers aren't fully updated. The store has been up for a month and 2 weeks and I have about $1600 in sales with a profit of about $1100. Take into consideration the first 2 weeks I had no Pixel info or anything. This site has INSANE POTENTIAL and upside. 80%+ margins on every item is insane. I really haven't gone crazy into advertising. I'm selling because I've started a new project and I need capital for it. I had no knowledge starting out on e-commerce yet this site has profited me a ton. Someone with experience can definitely take this to the next level, or even someone with no experience can benefit from the passive income it provides. It's a great site with a great product. The main sales channel is Instagram. I am asking for this price because of the potential this site has. It hasn't been around long enough for Marketplace to portray killer numbers but the evidence is there and the product is validated by the market. You can recoup your investment in this site within 2 months if you do more than I have. Great investment.
Update: $2751 in sales since launch (2 months)
Financials and traffic
Average overall profit margin
Average number of sales/month
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It is a turnkey site with a fantastic product that sells itself. It really produces PASSIVE income. Little effort required. HUGE POTENTIAL!
How can the future owner improve the business?
Can definitely scale the site, make more targeted ads, better advertising. I haven't even tapped into my email list with marketing. Haven't even tried retargeting campaigns yet. There is a great supplier so if you wanted to invest more in the site and cut costs/reduce shipping time, you can hold inventory yourself. You can recruit social media influencers and build up the brand more. Use of affiliate marketing. There are so many opportunities!
What work have you put into the store?
I built the site myself, created an IG account that is slowly growing with great follower engagement, I have FB Pixel installed that I use to create my audiences, as well as a google analytics account and a google AdWords account.
How many hours does it take to run this business per week?