- Avg. revenue /month$153
- Avg. sessions /month724
- Avg. profit /month$100
Why this business was started
I have several online stores that are making money... I wanted to try different niches. The niches we decided on was Camping and Technology.
Our research highlighted a few products, so we settled on a general store. As we continued researching, these products increased, as did our store size.This was our first attempt at a General store and we were very surprised by the result.
Our model is a drop shipping model. All orders have suppliers that are vetted and we have used before. All product images and detail are included in the deal.
The reason of selling this business
We have several Shopify stores. Unfortunately running a business takes capital in the form of ad spend... We haven't done this store justice because we haven't scaled with our ads despite having a healthy ROI. Unfortunately Covid has taken its toll and we feel the time is right to sell. The average sales are actually lower because we have not spent on ads in some time. The store should easily exceed $500 a month.
What's involved in running this business
Nothing much... Just time to place orders and cash for ads which should be self funding. The store even helps you pick products with an app that I added.
It's drop shipping as mentioned so your involvement is really only ad creative (Of which we already have several (most of the products) that will be transferred.
Traffic and Performance
- Avg. revenue /month$153Verified
- Avg. sessions /month724Verified
- Avg. profit /month$100
- Profit Margin60%
- Avg. sales /month20
- Shopify plan
- One click Ecom
Physical inventoryNot Included
Logo and branding assetsWill email these to you. We have a complete set of logos, product images, videos per product etc that will be forwarded.
Personal support after saleIt's unlikely that you will need my help but am available to assist in the first month
Product photosWill email these to you We have videos for all the main products as well as product photos that have been customized (i.e, not generic)
SuppliersIt's a drop shipping store. Our suppliers were vetted according to online ratings. Any poor suppliers were removed. Each supplier knows that we are drop shipping and that they cannot promote other products.
How to grow this business
It already has a track record of sales and healthy pixel reporting. It just requires product research and ad spend to be honest.
We should have scaled the Facebook ads on the profitable ranges but cash flow prevented us from doing so.
Skills to have
As this is a general store, it's all about spotting new products and trying them out. My recommendation is cheap and gimmicky...
The new owners would need a bit of business savvy, some understanding of how PayPal/Dropshipping/Oberlo/AliExpress works and the capital and time to spend money on Facebook/Instagram ads.
All your creative content is complete with multiple video ads that you could utilize and the store (we feel) is well optimized for Traffic.
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.