Wear Your Truthswearyourtruths.com
- Avg. revenue /month$11,683
- Avg. sessions /month11,511
- Avg. profit /month$5,000
- Inventory value$20,000
Why this business was started
My wife and I started this business last May 2017 because we wanted to give ecom a shot. We were looking for an online stream of revenue, and decided to try dropshipping as we had friends in the industry who did well with it. It took us about 3 months of testing different products and spending well over $10,000 of adspend to finally have a seasoned pixel on FB and consistent sales. We discovered our store is seasonal (Q4) but understand our audience very well and have strong indicators of our next winning product for the new season.
The reason of selling this business
We are selling the business because my wife is pregnant and I have a new job opportunity starting in Jan. so we will not have time to take care of everything. (Although it is minimal work as of now - about 5 hours a week - to scale it and have the store reach its full potential requires more time, effort, and energy that we cannot commit to at this time)
We also have other ventures we are pursuing in 2020 that would take up most of our time and focus.
What's involved in running this business
The store is seasonal, but can do very well in Q4. more details in other sections. Right now it's simply ad management on FB (you can also work with influencers). We fulfill orders out of our home office. We could hire someone to do it for us, but as of now we take care of all the fulfillment. There is customer service via emails. And we use shipstation to print out all our labels and shipping needs.
We have been selling 1 winning product from last year and this year. We have a very good idea of the next winning product for next year already as we have had a lot of inquiry about it this year.
Traffic and Performance
- Avg. revenue /month$11,683Verified
- Avg. sessions /month11,511Verified
- Avg. profit /month$5,000
- Inventory value$20,000
- Profit Margin50%
- Avg. sales /month300
- Shopify plan
- Inventory warehouse
Logo and branding assetsWe can discuss this when the time comes
Personal support after saleWe can help with training and support for 30-45 days after the sale. We will show you our FB ad setup as well as Google ad setup. Everything from marketing to fulfillment and negotiating with our suppliers.
Social mediaTotal followers20,000subscribers
How to grow this business
I would take our winning products, and create a new store specifically relating those type of products in that niche. I would offer more complementary items since we know who our audience is. Our fb pixel knows how to find the right buyers for our niche, and we know the type of ads and creatives that will help with sales of the items.
Then we would scale much much wider for the following years.
Skills to have
They should understand how FB works, and be familiar with ecommerce in general.
- Colorado Springs
- United States
- Businesses using ShippingEasy for Sale
- Businesses using Shipstation for Sale
- Established businesses
- Home Businesses for sale
- Large Business
- Print on demand
- Teelaunch Stores for Sale
- Gift and collectibles
- Businesses offering seller support after sale
- Business and Franchises under $10,000
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.