Facts and Figures
|Month||January 2019||February 2019||March 2019|
We sell affordable, quality outerwear. We ship worldwide and have a large customer database.
How does your business make money?
We make money via the sale of men's outerwear using Shopify. We currently have approximately 20 products for sale. This is a drop-shipping website so all our products are manufactured, stored, and dispatched from China. We have one jacket which is particularly popular. Our customer database exceeds 2000.
Why should someone buy this business?
The business has been driving revenues since September 2018. It is an ideal business for someone seeking a passive income. You will receive access to our existing customer base of 2000+ individuals. 10% of our current traffic comes from organic search and the remainder comes from paid search and remarketing, primarily Facebook and Instagram advertising. We also receive traffic via referral marketing and word-of-mouth. With paid search, we receive upwards of 20,000 visitors per month. Otherwise, we receive approximately 2,000 visitors per month. All customer service and order fulfilment tasks are outsourced to a single freelancer who is paid weekly on a daily rate of $15.
How can the future owner improve this business?
The future owner can improve the business by making shipping and logistics more efficient. We currently have a shipping time of between 9 and 15 days as the majority of our customers are international. The new owner could make use of local third-party fulfilment. The future owner could expand the product range, even to include women's wear and begin advertising globally as the majority is done mainly in the US. There is a huge opportunity to build upon existing social media marketing strategies using Facebook, Instagram, SnapChat, Twitter and Pinterest.
Why are you selling this business?I would like to focus on other projects.
- High levels of Automation
- High Profit Margins
- Large Customer Database
- Passive Revenue
- Low Acquisition Cost for New Customers
Opportunities for a new owner
- Launch New Products
- Start Selling into New Markets
- Advance or Explore Retail / Distribution Partnerships
Key day-to-day operations
- Managing Staff
- Customer Support / Service
- Order Fulfilment
- Website Maintenance
- Content marketing
- Email Marketing
- Facebook Advertising
- Word of Mouth
- Customer databases
- Existing manufacturing relationships
- Hosting accounts
- Marketing materials and collateral
- Relevant email accounts
- Social media accounts
- e-Commerce platform accounts
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
My name is Dominic Morace. I have been involved in e-commerce for over 3 years, creating businesses from scratch with little to no upfront cost, and heavily building a customer base through social media marketing. I specialize in website creation, Facebook advertising, and product research. I have built several stores for clients, as well as managing ads to help clients drive sales to their business.