I saw the potential in the pet market, so I created The Luxury Pet. The store is designed for dog lovers; however, because of the domain name, it would also be very easy to incorporate various other pets such as cats. The domain is already registered until June of next year and is a perfect domain for any store about pets. Even better, theluxurypet.com is a dropshipping website, which means that there is no physical inventory that you would need to ship out after each order. I have also conducted hours of product research for my store's items. Truth be told, I really want to scale this website and store myself, but due to my schooling and other entrepreneur ventures, I do not have the hours to devote enough time to this store. This store will definitely be a moneymaker, and it is perfect for beginners who are just starting out on their first store. You don't have to be a pro!
How can the future owner improve the business?
Since I have prepared the entire store for business, all you would have to do is market the products on Facebook or Instagram and watch the sales come in!
What work have you put into the store?
I designed theluxurypet.com for an entire week and imported the potential winning products into the store. It is complete with a custom logo that I designed and already has 9 Shopify apps built in for maximum sales conversions.
What are your profit margins?
What sort of marketing do you do to promote the store?