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PSP Dropshipping Site - Easy to Run - $1700/Month Net

Discussion in 'Sites' started by M S, Dec 31, 2008.

  1. #1
    My site: http://www.unbrickpsps.com

    A premium established website.

    It is a dropshipping site for Playstation Portable (PSP) accessories, especially batteries and memory sticks. The custom design was done by a professional designer. The writing was obtained from other sites and our dropshipper's site.

    The site is very easy to run and requires about 1 hour per day at most to process the orders and answer customer e-mails. All products are shipped through a dropshipper so there is no need to maintain inventory or anything like that. You receive an order and payment, then you send the dropshipper the payment and order, and the product will be shipped out directly to the customer. No work on your part. Very straightforward and easy. Also, we have some of the best prices on the net for these products.

    You will get complete information about the dropshipper, and if you buy in bulk, you can get even more savings.

    This highly targeted niche isn't very competitive so there is great potential for high profits. Every PSP owner wants to install custom firmware, custom applications, games, etc. So the demand for these products (Pandora Batteries and Memory Sticks) is really high. And since Christmas just passed, the sales should increase drastically in the coming days because there are a lot of new PSP owners!

    Why am I selling?

    I am currently in Medical School and had made this site during my break. As break is ending, I really don't have any time to maintain or run it as all my attention is focused on studies.

    Traffic & Revenue Generation:


    Most of the traffic is generated through Adwords - Both Search and Content networks. The new owner will receive the campaign as well as some tips and tricks I have learned along the way to maximize the revenue. I have tried a lot of things so I know what works and what doesn't. Ocassionally, I have also posted on different PSP related forums in relveant topics and sections. I also posted a few products on eBay. However, I didn't have time to do any of that much. Mainly (over 90%) is through adwords. The campaign is for $10/Day. So about $300 per month. I tried different things and I believe now the campaign is tweaked. The new owner can also try things and I'll suggest things as well.

    Occasionally, I also get e-mails asking for custom pricing and such, so those add to sales as well.

    More promotion, seo, etc. would easily increase the revenue but since that's all "potential" it's not included in the price of course :)

    I will provide one year of hosting for free.

    All payments are collected through Paypal and also paid by paypal to the dropshipper. You will just have to change the paypal codes to yours. I can help transition the site completely.

    Now for product margins:

    Four main products:

    Pandora PSP Unbricker Service Battery + Memory Stick Duo 4GB Combo (FAT or SLIM Compatible)

    - Sells on site for $37.95. Our price about $15

    Pandora PSP Unbricker Service Battery + Memory Stick Duo 2GB Combo (FAT or SLIM Compatible)

    - Sells on site for $27.95. Our price about $13

    Pandora PSP Unbricker Service Battery + Memory Stick Duo 8GB Combo (FAT or SLIM Compatible)

    - Sells on site for $55.95. Our price about $22

    PSP Unbricker Pandora Battery for PSP (FAT or SLIM Compatible)

    - Sells on site for $18.95. Our price about $7

    All the payments in the screenshot represent products sold from the site. The odd payment prices pertain to custom payments and are mainly for the Pandora Battery ($7 one)



    This is truly a great opportunity and you can earn for doing practically nothing. Requires no maintenance. And you can start right away.

    The BIN is set at about 9x the monthly revenue which is reasonable and a bargain for such a premium site.

    We will accept Escrow.com, Western Union, Wire, or Cashier's Check




    [​IMG]
     
    M S, Dec 31, 2008 IP
  2. zedomax

    zedomax Peon

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    #2
    Hmmm... got any proof of revenue?
     
    zedomax, Dec 31, 2008 IP
  3. M S

    M S Active Member

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    #3
    Yes, please click on the sitepoint link. All screens attached
     
    M S, Jan 1, 2009 IP
  4. M S

    M S Active Member

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    #4
    Some Q/A:



    What's the actual profit you earn monthly from $1700 sales?
    - We take in about $3000, $1000 goes to paying for the products, $300 goes for the adwords campaign, netting about $1700. Screenshots will verify this as well as the description in which the margins on the products have been posted.

    You say the website is 'established' and a 'premium website'.
    Yet it has only been running for what 30days?
    - I know what you mean, however, by established, I meant that it is running and all the new owner has to do is the run the adwords campaign. By premium I meant that it earns a decent amount of money, is in a low competition niche, almost autopilot, and has great potential. As such, I have also kept the starting price and BIN low to compensate for that. I will take that into account in the auction.

    The 300 is for advertising or for merchandise or both? please clarify
    - We take in about $3000, $1000 goes to paying for the products, $300 goes for the adwords campaign, netting about $1700. Screenshots will verify this as well as the description in which the margins on the products have been posted.

    So how long does shipping take?
    - The products ship out usually within 1-2 days, and are received by the customer in another 7 days at most. Usually, 10 days average. It has been less sometimes and has gone up to 14 days as well.

    Where are the products coming from?
    - They are coming from China

    How many E-mails do you get a day?
    - Sales about 5-6, Customer service emails about another 5

    Is your drop shipper reliable? Or do you have to wait until the products are in stock?
    - Very reliable, has been in business for years now. And so far I never have had any problems with products. They have been in stock.

    How many refunds have been requested/given?
    - One refund was requested, however, after talking to the buyer and explaining how the battery and memory stick works, the request was withdrawn.

    I'm not sure how 'established' is defined these days. According to my calculations, this site has been running for a little over 30 days? Am I missing something here?
    - I know what you mean, however, by established, I meant that it is running and all the new owner has to do is the run the adwords campaign. By premium I meant that it earns a decent amount of money, is in a low competition niche, almost autopilot, and has great potential. As such, I have also kept the starting price and BIN low to compensate for that. I will take that into account in the auction.

    Where do you dropship from? Is this one of those 3-weeks-to-get Chinese dropshippers?
    - China, however, products are received quickly and reliably. 10 Days average.

    The web is full of sellers who sell these products for the prices you're saying you buy it at-in fact, just google "Pandora PSP Unbricker" from the US, and see adwords selling it for $7.99. How does your adwords campaign compete with that?
    - There are several ways to approach this. Those $7.99 sellers add another $7-8 if not more for shipping and thus the total will be around the same price as ours. We charge a flat rate and offer free shipping. The new owner can either lower the current price and offer free shipping or can even lower it drastically and then charge for shipping. Our main products we sell are the combo packages which are the lowest priced compared to all those sites. We still do sell our fair share of the batteries as well. But as you can see, the new owner has options. Additionally, if the new owner has time, he can just order the batteries and memory sticks from the supplier in bulk at a much lower per unit cost and ship them out him/herself. This would yield more profits, lower shipping times, and you can even charge less. No need to do this but the option is always there. Lot of the sellers are only targeting US markets, but recent experiments have shown me that there is sales outside the US to, which I'll show the new owner how to do, which should increase profits even more.

    Thank you for the questions, and let me know if you have any more.
     
    M S, Jan 1, 2009 IP
  5. bdasolutions

    bdasolutions Peon

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    #5
    Just Google "Pandora battery" and you will see them selling for as low as $5.49. I wonder where your numbers are coming from
     
    bdasolutions, Jan 1, 2009 IP
  6. M S

    M S Active Member

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    #6
    There are several ways to approach this. Those $7.99 and $5.49 sellers add another $7-8 if not more for shipping and thus the total will be around the same price as ours. We charge a flat rate and offer free shipping. The new owner can either lower the current price and offer free shipping or can even lower it drastically and then charge for shipping. Our main products we sell are the combo packages which are the lowest priced compared to all those sites. We still do sell our fair share of the batteries as well. But as you can see, the new owner has options. Additionally, if the new owner has time, he can just order the batteries and memory sticks from the supplier in bulk at a much lower per unit cost and ship them out him/herself. This would yield more profits, lower shipping times, and you can even charge less. No need to do this but the option is always there. Lot of the sellers are only targeting US markets, but recent experiments have shown me that there is sales outside the US to, which I'll show the new owner how to do, which should increase profits even more.
     
    M S, Jan 1, 2009 IP
  7. monkeyknackers

    monkeyknackers Well-Known Member

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    #7
    what script is the site using


    dave
     
    monkeyknackers, Jan 1, 2009 IP
  8. M S

    M S Active Member

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    #8
    There is no script. I have kept the site in simple clean HTML as I didn't want to use any software and complicate any checkout process. This way it's simple for the customer to check out, no registration, etc. Nothing to deter them from buying.

    I can however install Oscommerce or any other software for the new owner if they wish to have one.
     
    M S, Jan 1, 2009 IP
  9. M S

    M S Active Member

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    #9
    Bid is $3000 currently.
     
    M S, Jan 2, 2009 IP
  10. MoviesMan

    MoviesMan Peon

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    #10
    Will have to follow this - very interested to go with my PSP Forum
     
    MoviesMan, Jan 2, 2009 IP
  11. M S

    M S Active Member

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    #11
    That sounds good :)
     
    M S, Jan 2, 2009 IP
  12. M S

    M S Active Member

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    #12
    The auction is ending today if anyone is interested
     
    M S, Jan 10, 2009 IP
  13. M S

    M S Active Member

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    #13
    Highest Current Bid $3400!
     
    M S, Jan 10, 2009 IP
  14. M S

    M S Active Member

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    #14
    Sold for $6200!
     
    M S, Jan 11, 2009 IP
  15. tmoham3

    tmoham3 Peon

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    #15
    wow, people pay a fortune. This is very high risk.
     
    tmoham3, Feb 22, 2009 IP