Featured Listing: Gizmo SupplyCo

About the business

Tell us a little about yourself. What’s your background? How did you start the business?

After college, I was searching for a job and found one on craigslist managing an eBay store. Being there for 4 years, I taught myself how to run an eCommerce store and decided to take the leap in 2016.

As an eCommerce business, where are your products made?

China.

Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?

The asset is owner-operated and requires 7-10 hours a week to run the business. We have an AdWords account manager, everything else is automated.

What does someone need to do to continue operating the business in its current form?

Willingness to learn, this business is easy to take over for someone who is inexperienced.

Growing the business

Can you list a few opportunities for a potential new owner to continue growing the business?

Social Media Marketing, adding more new products, more aggressive SEO.

How does this business make money? What are the current revenue streams?

Shopify dropshipping website and Amazon FBA.

What marketing channels are most profitable for the business?

Google AdWords.

How does the business currently acquire customers and what is your breakdown for marketing costs?

We spend $15,000 a month on AdWords.

How big is your current team? How many people does it take to run this business?

Currently 2, myself, Virtual assistant that manages our AdWords.

What’s the reason for selling your business on Flippa?

To move on to a different venture.