- Avg. revenue /month$24,249
- Avg. sessions /month28,060
- Avg. profit /month$6,000
Why this business was started
I decided to start this business, because I wanted to try out drop-shipping. I wanted another source of income, so I decided to start this on the side, and it become my main source of income. Additionally, I was always interested in home decor and home accessories. I realized that there was a gap in the market, as I could not find many online stores with innovative and affordable products within this niche.
The reason of selling this business
I have decided to sell this business because I am getting into my last year of University, so I need to focus on my studies. I feel like this store has great potential, and if I don't put in the effort that is needed, it will go to waste.
What's involved in running this business
Firstly, fulfilling the orders. This can be done using Oberlo or sending them to suppliers directly on excel. Currently, for the best-selling products, I send the orders directly to the respective suppliers. Secondly, running and monitoring social media advertising campaigns. This is an essential part of the business, and constantly monitoring the campaigns is important to the success of the business. Another form of marketing that has worked, is email marketing. Lastly, continuously adding products to the store is a great way of expanding. I have already sourced quite a few products, which I have added to the store's Oberlo account and which will be passed on to whoever is taking the store over.
Traffic and Performance
- Avg. revenue /month$24,249Verified
- Avg. sessions /month28,060Verified
- Avg. profit /month$6,000
- Profit Margin30%
- Avg. sales /month500
- Shopify plan
- Paid Apps
- Social Media Marketing
- Average Product + Shipping Costs
Physical inventoryNot Included
Logo and branding assetsNot Included
Personal support after saleThe handing over period is extremely important, in order to ensure that everything is set-up correctly. I will spend 2-4 weeks (depending on how long it takes to understand the business) helping you and handing over the business to you. This personal support/advice entails introduction to suppliers, methods for dealing with customer service, handing over Oberlo/Shopify products and access, explainng the marketing strategies that have worked.
Product photosI can transfer the products through dropbox, or any other platform/method that you would like.
SuppliersI have great relationships with suppliers of the best-sellers (the suppliers that I send orders directly to), so I will introduce you to them.
How to grow this business
The growth for this store over the next couple of years can be exponential. A few ways this can be done by are: continuing to build a brand, changing the drop-shipping model (i.e. having inventory in order to reduce shipping times), and creating a custom brand experience like packaging. Also, another way to grow the store is by building the social media platforms through influencer marketing.
Skills to have
Currently, I have been using the drop-shipping business model. Therefore, the main skills required for that are: fulfilling orders (using excel and Oberlo), social media and email marketing, and customer service experience.
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.