Facts and Figures
TripleWatches is an e-Commerce business that serves a global market for quality men’s watches. The business is highly scalable, with a high potential for growth and revenue. It is perfect for a seasoned entrepreneur looking to expand their investment or for a new businessman interested in the dropshipping industry.
The website dropships watches from AliExpress directly to the customers. This means that customers order on our website and we place an order with the supplier who will then ship the watch to the customer directly, so there is no need to keep inventory. So we take care of the marketing and customer care while the suppliers take care of the products and shipping. Dropshipping using AliExpress works extremely well and offers loads of opportunities, you will not be bound to 1 supplier. You can literally find thousands of suppliers offer every product you can think of. (With very low shipping costs)
The website is as automated as possible thanks to software that I use, so orders are fulfilled automatically. Keeping track of stock and price changes at the suppliers' end will also be done automatically. This website runs for 90% on autopilot, so it will not require a lot of time.
How does your business make money?
We make money by selling products which are men’s watches in this case. Wholesale prices are good and we do not have to keep inventory so there is very little overhead. When a customer placed an order, that order will be forwarded to the supplier and we make a profit by doing so.
Margins are really good for this website, margins for just the products tend to be 3-6x, but taking all of the expenses into account the current margin is 2,38x. So this means that for every dollar you will spend on running this website you will earn $2,38 in return at the current rate. Now that is a nice return on investment! And keep in mind that there is still room for improvement.
So we make money by dropshipping men’s watches and have a nice margin in the process. This has proven to be a profitable business model for us.
Why should someone buy this business?
This business is a great opportunity because it is a profitable website that requires little time and money to run. On top of that, the business model is very scalable, there is room for improvement and little marketing has been done so far. To be short I would say that it is a great and profitable business as is but there is plenty of room left for growth and improvement so you can turn this into something really nice!
Also, I have not been able to dedicate the time or resources to really get to its full potential, so I would say it is a great website as is, but it can be so much more. With the right mindset and resources, this website is a great addition to anyone’s portfolio or a great way to start out with an online business. And the high level of automation means that you will not have to spend a lot of time running it.
How can the future owner improve this business?
There are lots of ways to improve on a business and I think that all depends on the perspective and style of the owner. I have quite a long list, but I cannot post that due to it being too long, so I will give a short summary. To get my full view please look at the details of the listing or contact me directly.
1. Increase the marketing effort
2. Runs more types of ad campaigns
3. Leverage Instagram influencers
4. Automate customer care
5. Add more products to the website
- High levels of Automation
- High Profit Margins
- Scalable Business Model
- The Business Is Currently Growing
- Turn-key Operations
Opportunities for a new owner
- Improve Current Marketing Efforts
- Improve or Outsource Operations
- Improve Customer Service
Key day-to-day operations
- Customer Support / Service
- Order Fulfilment
- Content marketing
- Instagram Advertising
- All Site Content and file
- Customer Database
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Lex is a young but successful serial entrepreneur. Currently doing his Artificial Intelligence Masters Degree he has always been passionate about his running online businesses next to that. He has created, ran and sold multiple online businesses over the past 5 years and will continue to do so.