Facts and Figures
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Note: Traffic data was provided on 16 January 2020. Enquire for more recent data.
The website dropships products from AliExpress directly to the customers. I.e. suppliers will ship the products straight to our customers meaning there is no need to keep inventory. So we take care of the marketing and customer care while the suppliers take care of the products and shipping.
The website is as automated as possible: orders are fulfilled automatically, keeping track of inventory changes, keeping track of price changes and sending tracking codes to customers once available. So the core workflow consists of marketing and customer care seeing as those are the only non-automated items.
The website comes with an existing Facebook page and Instagram account both of which have barely been used.
How does your business make money?
We make money by selling products to customers at a higher price than we pay to suppliers, ie commerce. Due to the dropshipping model, there is no need to keep inventory and thus little overhead and the products have a very nice profit margin. (on average between 2,5x – 4x) The business model is easy, very scalable and profitable due to the high margins.
Why are you selling this business?
The 2 main reasons for selling the website are that 1. I have neither the time nor the resources to properly manage this website right now which feels like a waste cause the website is not living up to its potential right now. 2. I need some cash for another venture, so I would rather liquidate this asset rather than continue to maintain it. For the right price, I’d rather sell the website and give someone else the opportunity to reap the rewards than just let it stand idle.
- Customer databases
- Existing manufacturing relationships
- Marketing materials and collateral
- Social media accounts
- Website files, source code and content
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Lex is a young but successful serial entrepreneur. Currently doing his Artificial Intelligence Masters Degree he has always been passionate about his running online businesses next to that. He has created, ran and sold multiple online businesses over the past 5 years and will continue to do so.