 Hey what's going on guys, welcome to a new video. So today we're gonna be taking a look at a Shopify store which did about a million dollars in sales selling just one product. So if you're a beginner watching this video and you're not quite sure what direction to go in next or what to do next in terms of the products you're going to sell, then I thoroughly recommend checking out a website called theexchangemarketplace.com. It's actually where I found this site that we're gonna be going through today in this video. To give you kind of like a quick rundown of what it is, it's basically where people go to sell their Shopify stores they publish their URLs, they publish their turnovers and then once you have those two things it's really easy to kind of gauge the potential behind a certain product before you then go ahead source it from wherever you want to source it from and actually test it. And then obviously once you have a store's URL then you can pretty much see the entire businesses set up, you can see the store, you can see the product page layouts, you can see their best selling products, you can see the profit margins they're making and of course you can see the Facebook ads they're running and they're all the things that I'm going to be showing you behind this particular store. So it's one of those sites in which I probably go on every couple of weeks, maybe once a month because new stores don't go up very often but once they do it's definitely worth kind of going through. It's actually where I found one of my very own best selling products and what you usually find too is that when it comes to drop shipping it's so heavily dominated by the Americans, by America, when you look at Oberlo's kind of order processing volume of America versus everywhere else I'll try and find the screenshot and put it up on screen for you now. It's something like 80 or 85% of all orders that go through Oberlo's so drop shipping orders only go out to the US so it's so much more competitive. So if you do find a product on this platform and you want to drop ship it to the UK like I do then there's signs there that there's potentially a lot of potential to bring that product to the UK and actually start drop shipping and sourcing it here. Anyway, with that being said, thanks for tuning in. Hope you enjoyed the video. Make sure you subscribe if you want to see more content every single week I publish videos on things like this looking at proven stores, how to find products, different Facebook ad strategies, that sort of thing. And of course if you like the video please make sure you hit that like button too so I can kind of gauge what kind of content you guys want to see and then obviously I can put out more content in that same kind of fashion. So thanks again for tuning in and let's jump straight into it. So before I actually show you the store itself let's jump into the numbers. We can see the total revenue here. This revenue data comes directly from Shopify too so it cannot be edited. This is legit. This is a proven site which does really, really well. We can see $997 in dollars. So this is an American store that's been drop shipping to America. One thing to keep in mind too is kind of like where the spikes in sales come from. So when their sales start to increase because then you can compare this to the time of year the point at which you're looking at that. And then again it gives you more information to how much potential there is behind this particular product. So before I show you the product itself we can see that sales kind of spiked here for them. In Q4 this could be for a couple of reasons. Number one it could be because they increased their ad spend which they probably did as most people do in Q4. But what it can also be too is a lot more people are shopping online for Q4 for obvious reasons. Obviously Christmas and other kind of significant dates coming up with things like Black Friday and so on. So as we stand, as I record this video in July Q4 is in three months. So my opinion is kind of like the perfect time to get into this particular products when you see the products if you haven't guessed it already by the URL at the top. Then it kind of fits the bill perfectly for a gift which is why I believe another reason to why I believe this kind of spiked in Q4. A little bit more background information and something I like to check out is the expenses because this gives you an idea to how they're running their business. So Shopify plan, they're obviously at the max plan. The reason being is because the more expensive plan you pay for, the cheaper your transaction fees become. So even though they're paying $300 a month, the volume going through the store, the savings will far outweigh this $300 per month basically. They have the apps obviously and then Facebook, Instagram and Google is primarily going to be where they're marketing or where their traffic comes from. Now, if you've noticed the shipping in Amazon FBA fees the way these guys are actually set up is they keep all of their stock in an Amazon FBA warehouse but then they've got Shopify linked to that warehouse. So even though somebody buys it from Shopify it's still essentially dispatched from the FBA warehouse. So now you've got kind of like the backstory behind the store that's actually jumping to the store itself. And this is it, it's a charge in duck stations. It's a branded store around lots of different products but essentially they have one product which is their best seller I've found this on AliExpress too. So I'll be able to tell you exactly or roughly how much profit they're making plus sale minus their marketing costs. First thing I always want to look at or kind of show you when I do these videos is the theme that people are using. So there's always a big debate around whether you have to pay for a really expensive theme or you can use a free one. These guys are using debut which is available in the Shopify App Store for zero cost. So it just goes to show to essentially set up a business which has the potential to do a million dollars in sales is only gonna cost you about $50 all the apps included. So you don't have to spend a lot of money to get started and have a lot of potential and that really is the beauty of drop shipping. So I'm not gonna spend too much going through the design. It's pretty simplistic to be fair but what they do do really well is all the fundamentals. So nine times out of 10 when I'm looking at a site that hasn't performed well it's usually because they haven't done the most simplest task and the fundamentals correctly and things like that come to like the color schemes it comes to the logos the fact that not using a default font they've changed it to a custom font just to kind of separate it from that very basic original Shopify theme that everybody starts with. If we head into our Koala Inspector go to products best sellers then we can see that this indeed is their very best selling product. Everything again is fairly straightforward the imagery, they've got like a little custom add to cart but with a little tag on here all these kind of little touches kind of separate it from just the very stereotypical default drop shipping site but they make all the differences and again it goes back to that kind of doing all the fundamentals correctly and that can make all the difference you don't have to spend hundreds of pounds or thousands of pounds on themes, on design you just have to get the fundamentals done really well so again you've got an original image here original content because the e-commerce space is so popular or is so competitive on Facebook the chances are unless you've invented your product yourself from the very beginning people will have seen this product before and if you have the same imagery the same everything as everybody else you're just going to kind of all fall into the same kind of pool of businesses and not kind of be the person who captures the customer's attention and ultimately captures their money captures their payment but by having original images, things like this just kind of separates you from the pack and makes the customer that much more likely to trust you and therefore actually spend with you and buy the product from you and then of course they've got looks reviews down here another thing kind of side note to touch on I see it all the time people have looks reviews but they don't proofread them they'll be foreign language, broken English things like that and people will read the reviews they want to make sure that you are who you are and the product is of good quality so if you have dodgy reviews it's going to put people off straight away red flags immediately and you're going to lose that particular customer so next up let's take a look at the product so I believe I've found if I change it to black so there's the black and there's the black I'll give you guys a couple of seconds just to kind of have a look at that one and then have a look at that one it's the exact same product let's go for black plug type without wireless with wireless so at the very most it's going to cost you $15 these guys are selling it for $40 they have kind of like a bulk quantity discount they probably have an upsell installed too so that average order value is probably going to hover somewhere around $50 with a $15 cost so you can see the profit margins are pretty solid they could probably afford $20, $25 cost per purchase and still be able to just about make a profit but they should be able to achieve a lot better than that around the kind of $10 mark so pretty healthy profit margin for such a simplistic product I haven't had a look for this product on CJ drop shipping yet but with products like this they're usually pretty available so if I had to bet I would say CJ could offer you this which means you'll be able to offer that fast shipping to the US and to the UK as well so just to reiterate the exact same product we can see it's in fact the exact same image but what they've done is they've kind of photoshopped it in front of this kind of background image again just to kind of differentiate and separate it from any other particular site who's simply just imported the products from Aliexpress moving on to the Facebook ad library then we can see the exact ads these guys are actually running we can see which ones are active too highlighted by the green tick so what that essentially shows us is what a million dollar product looks like what their store looks like what their product page looks like and what their ads actually look like so essentially you have a whole businesses set up ready to go, ready for you to take inspiration from and replicate not copy, just replicate, take inspiration from move to a different country so for example sell this in the UK and like I said Q4 is only three months away it gives you plenty of times get a really decent store set up buy a couple of the products yourself get some original user generated content ready to kind of really take advantage of Q4 so before in the video I just want to show you one of my favorite ads that these guys are running obviously I don't want to show you all of them you guys can head over and kind of go through them in your own time but in my opinion this is my favorite one because it just highlights so many different things about the product and they just do everything right basically so they have all the kind of key things at the top 30 day guarantee do the five day delivery they feature the actual product itself it looks like custom original content things like this would be super easy to film yourself you could even do it on an iPhone but it just clearly demonstrates everything that it can do and I believe it goes on to kind of show the existing problem and kind of pain points that people are having and then obviously offers up the solution by showing what this product can indeed do so that in its essence is the whole business the whole product the whole supplier source everything all in one so I think that's pretty much everything I wanted to show you and wrap the video up there if you're still watching thank you very much I really do appreciate everybody who watches these videos to the end but before you go I just want to mention the Ecom Academy if you are looking for some kind of support resource or program of course whatever you want to call it comes with my full support and guidance as well as well over 120 videos that will show you how to set up a business from scratch as a complete beginner how to source products not only from China drop shipping but also in bulk and also how to source products with that fast shipping as well so I'll put a link in the description if that's something you want to check out but any questions just post them down below I read every single one and I will get back to you thanks again for watching and I'll see you in the next one