The Seller spends a few minutes a day responding to customer emails and checking prices and current reviews on products. Each week the Seller spends about an hour chatting with their Chinese suppliers to discuss pricing, make payments, check on samples and products, and order new inventory. Monthly, the Seller looks for new products to sell and spends a few hours reordering inventory.
The Seller feels that ordering larger quantities to avoid running out of inventory is an opportunity for the Buyer to pursue. Selling in international marketplaces would also be an immediate road to expansion.
*Though the Seller has never been banned, suspended, or incurred a serious penalty, the Seller received two warnings for review manipulation. The Seller had access to an education email system and created a few Amazon Prime accounts (Prime is free for emails with .edu.) The Seller then decided to try and buy two of their own products and leave reviews. Within 24 hours the reviews were taken down by Amazon and the Seller received email warnings about review manipulation. The Seller regrets this experiment.
*The Seller had a previous product that was taken down shortly, due to returns being over 8%. The Seller addressed the issue and the account returned to normal.
*Profit was low in May due to a few unusual events coinciding. A product was mislabeled and mixed in with the best selling product, which took Amazon 3.5 weeks to fix and they delisted the product during this time. Also, the 2nd best selling product ran out of inventory for a week. Last of all, there was a $900 charge for an Inventory Placement Service for a large shipment. As you can see in the graph below, sales returned to normal in June.
Average Monthly Revenue: $19,495
Average Monthly Expenses: $17,534
Average Monthly Net Profit: $1,961
* We are using the last 12 months to determine the averages.
Assets Included in Sale
Included in the sale of this business are:
Seller Central Account
6 SKUs + 2 SKUs that have been archived
Supplier Contact Information
*Inventory is not normally included in the list price, further details can be provided to active depositors.
The Seller currently spends around 1-2 hours per week:
Responding to customer emails
Checking Prices and current reviews on products
Discuss pricing, make payments, check on samples and products, and order new inventory with Chinese suppliers
Look for new products to sell
Launching a product will usually take 1-2 months and will be about 10 hours total in time. This includes writing the listing, getting photos taken (outsourced), ordering samples, doing product research, and ordering the product.
Reason for Sale
The Seller feels they can't learn anything else from running this business and want to move on to something else.
Sale Pending: No
First Seen: Mon, May 14th 2018
Last Updated: Fri, Jul 13th 2018