$500USD

Business Story

Why this business was started

Following doing a digital marketing course in college, I decided to put a site together and begin selling phone accessories. I always had an interest in buying stock from Chinese sellers and reselling for a profit on eBay, amazon etc, but decided to create my own store selling accessories using drop shipping to reduce shipping costs.

The reason of selling this business

I have decided to sell this business because I am in the process of trying to obtain a mortgage. I see the key to making this site profitable would be to acquire physical stock levels so I can offer a short delivery time on products, as people are quite interested in my products but the delay from Chinese suppliers of up to 5/6 weeks in some cases are proving to be off-putting for customers. A small stock level would allow for fast shipping times but regrettably my finances are now under scrutiny for my mortgage process and I am unable to purchase this stock on my credit cards.

What's involved in running this business

To run this business involves fulfilling orders, ordering from suppliers, researching new ideas for products and running advertising campaigns. When a new product gets listed, (I import all products from Oberlo as order fulfilment can be automatically processed with a few simple clicks for each order) I customise each items wording to make it sound consistent with my wording on this site, and I also customise SEO in each.

Time to run this business: approximately 30 hours per week

Sale Includes

  • Physical inventory

    Not Included

  • Logo and branding assets

    The Logo of this brand was designed for me by a graphic designer on www.fiverr.com, and full permission would be given to use all social media cover photos or advertisement graphics.

  • Personal support after sale

    I can help with all transfers of accounts, images, supplier details or any general queries etc for a period of 1 week after date of sale.

  • Domain

  • Product photos

    All products photos are supplied by Oberlo. (Oberlo account info can be switched over to your name)

  • Suppliers

    Not Included

  • Mailing list
  • Social Media
    Total followers1,310subscribers

Seller‘s Advice

How to grow this business

I would purchase physical inventory and have stock ready to ship on demand, instead of using my current drop-shipping methods. I know people have interest in my products I list from the positive and plentiful response from my advertising campaigns, but some feedback I have received is that shipping times are just too long. Most items can be purchased for 2 dollars from my suppliers, and sold for up to 10, so acquiring stock would be achievable, and the prices of the items could be further marked up to cover costs of me shipping them to buyers after I receive stock.

Skills to have

An interest in phones, their different models and variants would be good, but not essential, as all information can always be looked up. A little knowledge on social media marketing would be ideal too, as the products would need some advertising in the appropriate places. For example - an item I advertise is a waterproof bicycle phone case with pouches - I targeted my advertisement via Facebook to those who cycled, and in 2 days my advert had received 200 likes, numerous shares, and some enquiries. (again shipping times seem to turn customers off)

Why buy a business on Exchange

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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.

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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.

FD
Frankie D.Running this business for 3 months
I recently covered a course on online marketing and applied my knowledge to creating this store. I would be happy to see someone make use of the potential this site has. It has several leads throughout Facebook, Instagram and associated advertising, and had within 3 days of being added to Instagram had received 2 offers of affiliates who wished to share marketing (zombiephonenation advertising on their site and them sharing some advertising on my site)

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