Branded Arts & Crafts Products Ecommerce Business
Description
Business Overview
Arts and crafts is a gateway to a world of unlimited creativity! Arts and crafts products have received a surge of popularity in the retail marketplace with overall spending in the Arts and Crafts Industry having reached an impressive $44 Billion dollars in 2016!
Launched in 2018, this home-based business offers craft products including diamond painting, paint by numbers, scratch painting, and do-it-yourself miniatures. The business operates as a 100% dropship model with all sales converted through its Shopify store. Products are white labeled with the company brand. The website is successfully operated by one owner working about 7 hours per week managing Facebook and Google ads and creating email campaigns. One part-time Virtual Assistant handles all operational duties such as fulfilling orders and handling customer inquiries.
The business is trending upward with Sales for Oct 2019 up 71% over Oct 2018 and Nov this year up 41% over Nov 2018. Other increases for this Nov over last include: returning customer rate +33%, conversion +2%, total orders +77% and net income +130%.
This is a great business opportunity for any buyer looking to acquire a home based, profitable ecommerce business with innovative products, lots of room for growth and requires minimal time commitment in the huge arts and crafts industry!
Growth Opportunities
There is great potential to expand this internet business. Some strategies for future business growth and profitability include adding a Stripe account, add One Click Upsell and run ads on more Geos.
Competition & Market
Although there are other competitors in this industry, this business has many advantages that make it a leader in this Industry including branded site-logo on the kits and packaging, a great deal of data (pixel and emails) from sales and engaged visitors and well as a ‘high’ Facebook customer feedback score.
Financial Overview
| Gross Revenue | 344,745 |
|---|---|
| Cash Flow | 81,849 |
| Archive Date | 05-02-2020 |
| Status | Archived |
| Year Established | 2018 |
| Employees | 1 PT |
| Inventory | N/A |
Other Information
| Category | Ecommerce drop-ship |
|---|---|
| Industry | Arts and Crafts |
| Location | Israel |
| Home-Based Business | Yes |
| Seller Financing Available | No |
| Income Sources | Products/Services |