We are a dropshipping business in which we hold no inventory that was formed while studying at university. We have been operating for a year and 6 months in which we had a very successful 2020 with gross revenue of £189,490 ($262,464) and net revenue of £145,014 ($200,860).
To date, we have gross revenue of £316,251 ($436,255.89) and net revenue of £206,477.51 ($286.132.73). The best thing about this business is it hasn’t scratched the surface on potential. As we only targeted the United Kingdom and also only used One source of advertising using Google Ads spending only spending £79.7k to see over a 3X ROI. The reason for selling is that don’t have the capital to maintain and let the store reach its full potential.
During the Christmas/new year Lockdown period we had a logistics and supplier issue in the United Kingdom which caused us to have to refund orders. Since then there has been no more issue with the logistics as orders have been able to be processed and delivered to customers in a quick manner. It is just that being finish studies, We don’t have the funds and finances to effectively run the business to its full potential which is why we are willing to sell.
With the numbers made with this store just in the United Kingdom, adding the United States and the correct advertising will definitely make this store generate over $1M in less than 2 years. Once the sale has been made I am also willing to help the buyer for the first 3 weeks on how to sort out the ads show you techniques from product research, supplier research, and how to handle the ads.