Sologearonly is a dropshipping store that has 3 multi-national capable suppliers. Sologearonly was created a couple years back and has grown into a pretty recognizable brand within the "fixie" market. Our suppliers are top notch and the dropship portals allow for alot of custom orders and adjustments.
Financials and traffic
Average overall profit margin
Average number of sales/month
Total revenue for last 12 months
Total traffic for last 12 months
Revenue includes sales until the end of last month and is calculated from Exchange’s eligible payment providers. Total traffic comes from all data available to Shopify.
Depending on your budget you can increase or decrease your advertising dollars accordingly. I would always suggest organic advertising or use of instagram or facebook as an organic tool as opposed to having nothing but facebook ads
It is a great starter store or good place to start for someone who is interested in fixie bikes and the fixie bicycle culture. Ecommerce is always a good place to be in this day and age & the drop shipping suppliers that are involved with this store are very helpful.
How can the future owner improve the business?
By spending more time focusing on the business, this business can grow to have a huge following. The suppliers are more than helpful and if the right contacts are made within the industry, you could become a major player within the industry.
What work have you put into the store?
I have grown the instagram following from 1k-4k and now its back to just under 3k
I have had year over year profit increases of 20k +
Redone the entire store theme including updating the HTML coding to reflect the perfect plain website.
About the seller
Created this store about 3 years ago
I am a full time accountant. this was a side investment a couple years back but after the March/April 2017 within our company I haven't been able to find the time to take proper care of the store.
I dropped the price from $6900 to $5000 for immediate sale.
I don't have any time for this store or any in depth inquiries & based on the valuation on the sales Shopify suggested the sales price be $12690.00