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$5,000 USD

Magnetic Eyelashes

magneticeyelashes.co.nz

Appears in Health and beauty , Business and Franchises under $5,000, New Zealand

General description

EASY TURN OVER - HIGH MARGINS - GREAT CONVERSION RATE!!!

I ran this for really only 2 1/2 months as you can see in the graph, since then have currently been keeping my products on Sold Out or Pre-Order as I work full time with other sites and don't currently have the time to run this rapidly expanding business!

This started as a drop-shipping experiment and blew up!! It has been crazy the amount of interest and engagement we have had from customers with very limited marketing in a very short space of time and I purely can't keep up and have to many other websites I'm working with at the moment, so I have to let go of my baby!

I spent a lot of time researching suppliers and finding great stock that works well and refining the styles we sell. A lot of fun growing the social media platforms we sell a lot via Facebook and Instagram.

I have many people wanting to work with this business that I can pass onto you, as well as many sales opportunities with companies such as Once it and One Day and NZ Sale that I have worked closely with in running sales we made 6k profit via Onceit last year.

I don't hold stock I either put items on pre order for a specific date and order once I'm happy with order quantities or have been ordering in stock as I need it, I find this works best in not needing to hold large volumes at a time! You could also dropship if you wanted too very easily it's all there, I just wanted to offer my customers faster shipping and re-package it myself.

Financials and traffic

I was only properly running this store for only 2 1/2 months!

Average profit/month

$2,700 USD

Average overall profit margin

85%

Average number of sales/month

45

Total revenue for last 11 months

$7,649.00 USD

Total traffic for last 11 months

9,538 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Up to you if you wish to run Facebook Ads / Google Adwords, I found both very successful with a small budget around $30 a month. But still retained sales without any advertising.

Expense item

Cost

Shopify plan

$59.00/month

Subscriptions (ie. Mailchimp, apps)

$1.00/month

Domain

$3.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Newsletter list

274 subscribers

Social media followers

10,515 people

Q & A

Why should someone buy this store?

  • I started this as a trial in drop shipping and soon realised after it grew at an incredibly rapid rate over the three months I was driving it that it has INSANE potential to blow up!
  • I have ample amounts fo contact form influencers and brand that want to work with the person who takes over this, on outside sales as well not just on Shopify e.g. we made 6k profit in one sale with Onceit.

  • A perfect opportunity for someone looking for a start up to grow and take under their wing that already has the foundations, a high conversion rate and easy sales with a great profit margin that they can really explode to it's full potential!

How can the future owner improve the business?

  • More time then I have to put into the marketing
  • How to videos
  • Reaching a wider audience then just NZ (this could be run globally VERY easily)
  • Implementing new styles and stock

What work have you put into the store?

  • Researching and finding a good product that works!
  • Finding this gap in the market and getting the brand awareness out there.
  • Creating a website that sufficiently sells it's self with good SEO that requires low maintenance
  • An amazing conversion rate!
  • Great customer service for return customer and word of mouth!

How many hours does it take to run this business per week?

2 hours

$5,000 USD

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