I have been running Grand Pharaoh for around 6 months now as a drop shipping store. The site used to be based on free items plus shipping, thats why there is a huge spike in sales the first couple days and then when I moved towards clothing the amount of sales went down but the profit margin went up. Over the past months I have been tweaking with the site constantly editing images and changing the look of everything to see what works better and to make the site flawless. There is an average of almost 2k all natural website visits a day without ads (22k views in the past 14 days).
This site has a 2% repeat customer rate and an average order value of $57 in the last 30 days. Also 8.7% of our abandoned checkout recovery emails were successful in the past 30 days as well. To run traffic to the site I have been running facebook ads on Instagram, I will provide the buyer with the targeting I used.
Financials and traffic
Average overall profit margin
Average number of sales/month
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Awesome opportunity to make a great income from day one. Everything is already setup, you just order the products from oberlo when you make a sale. If you want something that is stable, with money coming in month after month after month, then this is site perfect for you.
How can the future owner improve the business?
So many opportunities to do reviews, competitions and engage with social media much much more. Writing blog posts would also help boost traffic. Taking more time to adjust pricing to compete with competitors also needed. We've just had not enough time to dedicate to making this all happen. If you look at the social following we have it's terrible, yet we've done quite well regardless. Someone who can focus on building the community would do well. Sell more internationally, spend more on pay per click, increase margins.
What work have you put into the store?
all the seo, instagram posting, endless promotion, site work, product uploads, package deals, great customer service, watermark removal and image editing. A real labor of love.. Very proud of our site.
How many hours does it take to run this business per week?