All prices in USD
  • Avg. revenue /month
    $24,249
  • Avg. sessions /month28,060
  • Avg. profit /month
    $6,000

Business Story

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.

This business was founded: over 1 year ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $24,249
    Verified
  • Avg. sessions /month28,060Verified
  • Avg. profit /month
    $6,000
  • Profit Margin30%
  • Avg. sales /month500
Other details about profit: There have not been any sales outside of Shopify, therefore the full revenue is reported in the store's performance. The drop in revenue as shown in the graph was due to COVID-19. I decided to stop operations for a few months due to the pandemic, which had an impact on the revenues.
Total revenue
  • $412,235
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 477,034Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Employees
      $300
      /month
    • Domain
      $14
      /year
    • Paid Apps
      $59
      /month
    • Social Media Marketing
      $6,400
      /month
    • Average Product + Shipping Costs
      $8,000
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Not Included
    • Personal support after sale

      The 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.
    • Domain

    • Product photos

      I can transfer the products through dropbox, or any other platform/method that you would like.
    • Social media

      Total followers7,000subscribers
    • Suppliers

      I have great relationships with suppliers of the best-sellers (the suppliers that I send orders directly to), so I will introduce you to them.
    • Mailing List

      30,000subscribers

    Seller‘s Advice

    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.

    Share

    SV
    Salmaan V.Current store owner
    I am currently in university studying Business in Vancouver, Canada. I grew up in Kenya and have previously sold a Shopify store. I love building brands, finding winning products and making customers happy.

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