SIPTANK
1 month ago

eCommerce Website for Drinkware Products.

MRR
$ 250
Price
$ 999



Project Details

What is included in the sale ?

The logo, website, and domain name.

Also included are the social media accounts which include unique handles for twitter and instagram @siptank which can be capitalized on for brand awareness.

Inventory is also included in the sale as this is a product-based website (not drop shipping) physical goods are present. The current inventory available is around 21 flasks, at the time of creating this post. Please contact me with your location so that we can discuss the shipping method and cost to your address. I will also forward to you the supplier's contact details from whom I ordered these beautiful tanks.

I have also made sales from offline mediums such as referrals, local stands and booths, so this is a project that can be exploited both online and offline. The revenue mentioned in the listing includes all mediums and not only the website.

If you plan on starting a new business and want to try selling real physical products, then this is for you. 


What is the technological stack ?

Currently running on WIX, but you can easily use Shopify, Wordpress, wooCommerce, or any other e-commerce platform


Why are you selling ?

I am running multiple projects side-by-side and I am limited with my time and finances, therefore I am forced to let go of one of my projects in order to sustain the growth of the others.


How can the future owner run the project successfully ?

Inventory is also included in the sale as this is a product-based website (not drop shipping) physical goods are present. The current inventory available is around 21 flasks, at the time of creating this post. Please contact me with your location so that we can discuss the shipping method and cost to your address. I will also forward to you the supplier's contact details from whom I ordered these beautiful tanks.

If you plan on starting a new business and want to try selling real physical products, then this is for you. You can exploit the brand name and logo by introducing more products of the same line as well as clothing and gear as well. You may also start selling in local stands and booths. You can also drive traffic and sales by leveraging social media accounts such as Facebook and instagram. Google Ads can also provide you with many leads.

With a brand link this you can introduce many variations and designs that are trendy, for example smart bottles.

Feel free to contact me. Thanks


Can you please provide more information? How much do each of the products cost to make?

It depends on the item/supplier, I've bought these from 2 different suppliers. The glass and bamboo cost between $7-$9 form the same supplier. And the stainless steel models cost around $5-$7 to make. These prices are likely to drop if you place an order of larger quantities. I will give you the contacts of these suppliers in the sale. Any further queries please let me know.


what is the margin for each bottle? where is the supplier from? no fb pixel on website?

The current margin for each bottle is roughly between $13.5 - $16.5 for each bottle, but that is likely to increase if larger quantities are ordered from the supplier. At the moment my orders were small so the price for each bottle landed could not have been lower. The suppliers are mainly based in China. No I do not have FB pixel installed on the website, I've used mostly Google Analytics.


Have you made all your sales on the website? Did you use other mediums like Amazon, FB, or Instagram to sell?

Pretty much every possible sales channel available can be utilized for this. But mainly most my sales have been done locally. Word of mouth and repeat buyers too. Products like this can be sold at exhibitions and local shows where by selling at the stands. I am also trying to work out deals with local coffee shops to promote these products at their stores. I mainly focused on these mediums for my sales over online channels. However, the new owner of this has multiple opportunities to take advantage of for selling, amazon can be a major opportunity. My main selling point (for which I got most leads and eventual sales) came through the branding. That is the biggest asset of this.


1. how long does it take to ship to buyer? would the shipping time be long like aliexpress? 2. MRR of 250 is from where

Shipping to buyer would typically depend on your location as well as the buyer's location. I have so far only sold to buyers that are located within my region, and as I have the stocks available with me, shipping time usually ranged from 2 to 5 business days, depending on the buyer's location and their preferred shipping method. This is not a dropshipping business so processing time is relatively minimal. The revenue generated from this business so far has been mainly done via multiple channels and not only the website. I have mainly relied on affiliate (offline) marketing and word of mouth so most sales came outside the website. I have also had multiple repeat customers. There are many other sales channels that I have not tapped into, for example social media. If you are US-based you can leverage selling on amazon and/or eBay for instance.


where are your buyer's location? Which region?

Bahrain


What is the approx value of current inventory? What is your best seller? Also, how many monthly pageviews for site?

The current inventory value is roughly $350-$400. The best seller model is the Bamboo 400mL which is currently out of stock. It sold out fast. The next best seller is the 360mL Bamboo. On average there's about 5-10 daily views, but that's because I have not used any marketing tools for that. The maximum I spent for marketing online was about $50 between April and August. Most of my sales came outside of the website. Basically locally. Over the past month there was about 60 page views as per google analytics, keeping in mind that I have not used any marketing tool to drive traffic, not even SEO.


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