All prices in USD
  • Avg. revenue /month
    $2,721
  • Avg. sessions /month880
  • Avg. profit /month
    $519

Business Story

Why this business was started

This business was started as a project during the pandemic, there is a huge increase in electric transport and it is only getting more and more popular. This will only continue to rise as more and more people look for alternative transport options for due to the packed public transport.

I personally have a Fiido bike and find them excellent for travelling a distance with not much effort required.

There is a huge opportunity in this space and with this store being established to make good money and possibly a living.

The reason of selling this business

I have decided to sell the business as i simply don't have the time to help push the business to the next level.

I feel this would require someone with knowledge Facebook/Google adverts.

At the moment my full time employment takes up a lot of time and is high pressure. This coupled in with a young family means that I have to decide how my time can be best spent.

This is an excellent opportunity for someone with time to devote catapulting the business to the next level.

What's involved in running this business

Sales: advertising on any free classified adverts to drive free traffic.

Advertising: Classified - free traffic, Facebook Marketplace - free traffic, a lot of sales, Snapchat - paid advertising but not a lot of conversion, FB and Google advertising would be required to take business to the next level.

Ordering: once order received liaise with suppliers on Alibaba, make payment. Tracking number will be supplied and shipped from EU country most likely Poland or Germany.

Shopify: fulfil order and enter tracking.

Tracking: enter tracking in [REDACTED] to see delivery will be made in time. If not message customer to let them know of delay.

Customer service: check Facebook business manager (FB/Insta), Gmail, classified site regularly. I try to limit this to morning and evening.

All the above are the basics for running the day to day. There is very little maintenance of the website via Shopify. Once an order is received the work starts from speaking with supplier and making the order, to fulfilling the order with tracking.

This business was founded: 12 months ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $2,721
    Verified
  • Avg. sessions /month880Verified
  • Avg. profit /month
    $519
  • Profit Margin15%
  • Avg. sales /month10
Other details about profit: Profit varies depending on product, as we work with a lot of suppliers who ship from EU costs are slightly higher for the luxury. This can be negotiated or stock purchased direct from China to increase overall margins. Profit can range between 15 - 25% depending on product. Expenses: Shopify - $35 dollars per month Product - varies depending on product. You will need a cash reserve as it takes a few days before Shopify pay out. As we want product delivered as quick as possible I put forward the money to the supplier. Advertising - very little, I tried Snapchat but did not like the conversion. I do not have the know how for FB/Insta/Google advertising. A huge number of sales come via Marketplace which shows me there is an appetite on Facebook. Domain - Approx $15 for the year
Total revenue
  • $32,656
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 10,571Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $35
      /month
    • Domain
      $15
      /year

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      All logo and photos have been uploaded to Shopify and will remain there. If preferred I can send a file via email with high quality photos.
    • Personal support after sale

      I will be available to answer any questions via email for the first 30 days. If required we can screenshare and I will walk the buyer through sales to fulfilment to ensure they are up to speed.
    • Domain

    • Product photos

      All logo and photos have been uploaded to Shopify and will remain there. If preferred I can send a file via email with high quality photos.
    • Social media

      Total followers1,837subscribers
    • Suppliers

      A list of primary and secondary suppliers will be given.
    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    Increase advertising spend across social media, a lot of sales came from manually posting adverts online and in marketplace. Ads would be required to propel the store to the next level.

    Skills to have

    Customer service, Shopify, Alibaba, Gmail

    The store is set up, all domains, supplier relationships, and social media will be transferred. I can screenshare to do handover and walk through of each process.

    The main skill required is drive, the want to make sales, what avenues can you use to drive traffic. If you want to succeed everything is in place to do so.

    LC
    Lee C.Current store owner

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