User Power
Value/Post Ratio
156%
- Feb 16, 2020
- 9
- 14
Here are some examples:
Dropshipping Business For Sale: Buy Established Business
Looking for an established dropshipping business for sale that is already making profits? Check out these successful options and buy a dropshipping store you likealidropship.com
Buy Dropshipping Websites for Sale | Exchange by Shopify
Find drop-shipping stores synced with established wholesale suppliers like AliExpress & FBA. Buy businesses with high monthly revenue & monetization.exchangemarketplace.com
It just all sounds too good to be true.
Thoughts?
How would you personally go about buying an established business?
Do your due diligence. It's an investment in money AND time.
Make sure you don't overpay for what the business is doing
I haven't been looking in the market for buying existing dropshipping businesses and I only know of flippa.com - That being said, dropshipping is definitely not a set and forget type of business. There are several things to consider.
Suppliers:
What country are the suppliers in. If non-US suppliers, can the products be bought in bulk and fulfilled from a US warehouse?
This greatly influences the delivery speed and your customers need to understand that.
Fulfillment:
Does the store you're interested in have software that does auto fulfillment (place orders with suppliers and autopay) or does it require some action by you (downloading orders in a CSV file and emailing to the supplier with pay for example)
Product Selection:
What niche is the store? Is it something you have a passion for? is it an evergreen market?
Will you be selling similar items that you may find the majority of everyone else is? Look around and see who else is selling the same or similar items. (competition, price points, offers/bundles)
Process and implementation:
Some dropshippers constantly search for the latest shiny objects and test over and over to see what connects. This testing can take time depending on how and where is being tested. Once a product gets sales, advertising is scaled up throughout the demand - then it's on to the next shiny object. If you will have print on demand products, you may need to outsource designs unless you can do it yourself.
Visitors:
What kind of traffic is the store getting? Is that paid traffic or organic? If organic, is that from social media or a blog?
If paid, what's the current budget look like? Where is it being advertised? (Youtube, Google, Facebook, Solo ads, etc.)
Sales:
Are there upsell opportunities and if so, what kind of upsell offers are being made?
Are visitors one time customers and never come back or are they put in a mailing list and remarketed to? If so, how many are repeat customers?
What's the ratio for sales to returns? Look for feedback/social proof in comments on the stores site, Facebook and elsewhere.
I know this seems like a lot but in reality, this is just scratching the surface of some of the things you need to think about with dropshipping.
Dropshipping works for sure. There are a lot of people doing it successfully.
It's all in your expectations and what you want to put into it.
Mark