The global watches market size was valued at USD 50.1 billion in 2018. Increasing fashion trends among people and rising disposable income of the working class population on a global level are projected to remain favorable factors in the market.
Asking Price: $999.00
1. Strengths
- Proven sales and consistent customer demand
- Low cost of goods sold and high gross profit margin (over 50%)
- Low operating costs and an extremely high net profit potential (over 30%)
- Low competition but high demand product sourced first-handed.
- Professionally coded and designed a website that costs 1299 USD.
- Easy operation and low maintenance
2. Opportunities
- Increased marketing beyond Facebook Ads such as Google Ads, TikTok – the margins support further investment and a solid ROI. SMS texting campaigns, email marketing to drive traffic and generate revenue.
- High potential in business scaling
- High potential in reach through influencer marketing.
3. Operations
Ideal for remote working with low maintenance. The estimated working hours per week to running this business is between 5 – 10 hours.
We ask the buyer to be familiar with Facebook Ads, this is ESSENTIAL. Knowing the leverage of influencers can be a plus.
Daily Order Fulfilling.
4. Customer service:
Minal interaction and issues in customer support with fast delivery and high satisfaction.
5. Customers
Demographics: Aged 18-40
Platforms: Facebook & Instagram
6. Financials
For our Weekly average sales, we made $845 in sales for a total of $490 profit. Only a small amount of money was invested in advertising and marketing.
The amount spent on advertising is around $170.
7. Who would this business be perfect for?
This business would be perfect for entrepreneurs who would like to dive straight into e-commerce, without having to worry about brand development and setup. Someone who may not have previous experience in E-Commerce would heavily benefit from a business that already has its legwork done and can just manage the day-to-day activities.
8. Assets
- Domains & Email accounts.
- Supplier Contact information.
- Website files and content.
9. Support
We are happy to provide post-sale support to help the new owner in the smooth transition and will remain available to answer questions and provide guidance as and when needed.
