All prices in USD
  • Avg. revenue /month
    $3,502
  • Avg. sessions /month1,593
  • Avg. profit /month
    $938

Business Story

Why this business was started

Ever since I bought my first electric bike, I fell in love with being able to ride and not get exhausted when traveling longer distances than normal, I also enjoyed all the compliments I received. I decided to start selling them when so many people asked me where did I buy my electric bike. Electric bike sales are booming especially ever since the pandemic started.

We have been in business for 5-6 years selling electric bikes. What I like is that we are not required to buy these electric bikes by the dozens. They are simply dropped shipped directly to the customer via an electric bike wholesale warehouse. You simply get the customer first. Then when their payment clears to your account, you simply place the order with the wholesaler by purchasing the bike at the wholesale price and making a profit. Our domain name alone is worth close to $1,000, which can be verified at godaddy website. Simply google the words "godaddy whats my domain worth". When you are at the godaddy website, input the domain name "electricbikesandscooters.com" our domain name has been circulating within google, yahoo, aol, and a few other popular search engines for 5-6 years. For example, google the words (x-treme electric bike). I believe we are still within the first page of google. Also, if you look at upper left corner when you do that google search it shows about 4,270,000 results. So for us to be listed on the first page in over 4 million results for that keyword, is incredible.

The reason of selling this business

I am selling the business because I no longer have the time to attend to the business, and the necessary time needed for marketing/promoting the business.

What's involved in running this business

To run the business, it is suggested you get an 800 number or you may add another phone number so that customers can call to get answers to any questions they may have. Customers prefer to purchase from a website where they can call for customer service. Freedom voice charges $12 and up for such number. You also have to market/promote the website constantly in order to be successful. I highly suggest utilizing all social media outlets, and google AdWords as well. It is required to check the wholesale supplier inventory and make the necessary updates on your website to coincide with the supplier's inventory. This should be done daily to ensure in-stock availability to customers.

This business was founded: almost 5 years ago
Time to run this business: approximately 15 hours per week

Traffic and Performance

  • Avg. revenue /month
    $3,502
    Verified
  • Avg. sessions /month1,593Verified
  • Avg. profit /month
    $938
  • Profit Margin25%
  • Avg. sales /month10
Other details about profit: Profits varies on the number of monthly sales. Monthly sales varies on how much you market/advertise the products and website.
Total revenue
  • $210,121
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 95,582Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $31
      /month
    • Domain
      $20
      /year
    • Sometimes used Google AdWords average $100-$200 Monthly, However website is already ranking on 1st page for some keywords. So AdWords were not used often for those reasons.
      $100
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      Not Included
    • Personal support after sale

      Support will consist of 1 week I will answer any questions you may have via email.
    • Domain

    • Product photos

      Photos are already on the website.
    • Social media

      Not Included
    • Suppliers

      Contact information for the wholesale supplier will be given. You will also have to apply for a new authorized dealer status with the wholesaler.
    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    I suggest lots of marketing such as YouTube videos, Facebook, Instagram, google AdWords, and any other social media platforms.

    RB
    Rosemary B.Current store owner
    I've been selling electric bikes for 5-6 years. I got into the business after I purchased my first electric bike, and fell in love with riding it. I got so many compliments on the electric bike I was riding, and people always asked where did I buy it, and that's when the idea hit me to start selling them myself.

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