Great chance to pick up a profitable start site that is drop-shipping bathroom and kitchen faucets. They are making nearly $10k profit each month with an average order value of $175. Lots of room for growth!
Tell us a little about yourself. What’s your background? What brought you to start this store?
I am 19 years old, and I like to travel, go to the gym, spend time with my girlfriend and my 2 dogs, and I love good food. I have been operating online businesses for just about 3 years now, I started my first online business when I was a Junior in high school and since then, I have been able to make this my full time job. I was able to come straight out of high school running my online businesses and it truly is my #1 passion. I love building brands and forming a community of loyal customers. I decided to start this store after seeing another ad for the product on facebook, I had never seen a product like this and I instantly knew I could make an amazing brand based around kitchen and bathroom faucets. I put in countless hours building this store just how I wanted it to look, I wanted to make the website very clean and modern looking, and give my customers a great experience. Another thing that appealed to me was the price point that I could sell these faucets for while having a huge profit margin. This store has hands down been one of my favorite stores to run.
You mention making bulk orders – are these for all sales that accumulate over the past days or are you ordering inventory before the sale is made?
Correct, these bulk orders are made every day or 2 and the order just consists of the sales that accumulate over the past days. I am not ordering inventory, instead ordering directly from the supplier and having them ship straight to my customers.
What is the return on ad spend on your Facebook advertising?
I love to talk about my ROAS with this store because it’s so amazing. I have a 5x Roas on my main ad account and 3.26x Roas on my secondary ad account.
How much time are you spending on this business now that it is up and running? What is the majority of your time used for?
Since I’ve outsourced my customer service to some amazing agents, and since my bulk orders are handled by my product agents, I’m only working about 1-2 hours every 1-2 days and that time is just spent analyzing and fixing my ads and posting on social media.
What would you recommend the new owner do in order to grow this business? What would your first steps be if you were to lay out a 12 month plan?
I would make tons of new ad creatives, that would be my first step. A fresh ad creative with the right offer and description can keep a product going for so long, I believe that. I am actually in the process of doing this right now with a videographer. I would continue advertising with facebook, but I would try advertising with google, and pinterest. The SEO for this store is pretty decent right now, but I would definitely try and rank higher for certain keywords. Another thing I would do is too seriously take advantage of the pixel data that I’ve gathered, this would result in a huge boost in sales and profit if you know what you’re doing.