Fresh Tech Store
The idea behind Fresh Tech was to offer unique, low priced, electronics that have yet to be shown to the general public; ex: Solar Powered Speakers, Affordable Wireless Earbuds, Affordable Smart Watches, Levitating Speakers, etc.
The idea was then to run Ads on FB, toward people interested in electronics, online shopping, & early adopters.
The problem I realized was that people buy electronics name brand, or cheap from Amazon. It could still work on a dropship model if according to ecommerce specialists, the grammar, website listings, & ads are all improved. Possibly outsourced to an expert.
I ran home made ads on FB for 2.5 Months reaching under 10,000 people, constantly making adjustments to the design, theme, product listings, pricing, advertisements, and shopping mediums.
BUYING POINTS: -The store has a general interest, which means the proof of concept works, but the ads & layout need some adjustment.
-Hours of work on website design, & redesign according to customer & professional feedback.
-Social Media is in early but established phase, easily generating 200 followers, & a very simple model can be shown generates 150-200 followers a day, for an hour of work.
The appraisal for the business model & website was over $1000 as of September 16th. I am now seeking $725 to recoup Ad money & time.
I am implementing a new dropship model that allows for 90% of the products to be shipped in 3 days to compete with Amazon Prime.
I am also willing to give 30% of profits to anyone who wants to learn & take over the operations completely. Approx. 15-20 Hrs a week & 30% part in all investments into the company, which will be no more than $400 a month.
The Profit with new model is expected to take a chunk of "cheap electronics" sales on Amazon. 120 products, assuming each have 1 sale every 2 days, $10 profit from each = $600 a day X .3 = $180 profit a day. If the business takes off, much more sales.
People who are suitable for 30% stake: -Be willing to invest $400 of your profits a month into software, outsourcing, & operations. -Be willing to work 15-20 Hrs a week from home fulfilling orders daily, researching, & adding new products; total approx 2-3 hrs day.
Revenue and traffic data is calculated using the data available to Shopify