Business Idea #366, $53K/Mo Selling Electronics

Welcome to Business Idea #366
Grab your coffee, it’s a 2-min skim or an 8-minute read to your possible path to a 1m$ Business!

In today’s letter, we’ll cover:

  • An Offer You Can’t Refuse 🔥

  • Business Idea: Electronics E-Store 📰 

  • Case Study: How 3Gorillas got to $53K/Month 🚀 

  • Maxcareers: 5 New Marketing Jobs & Internship positions 💼

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Business Idea #366: Electronics E-Store 📰 

📝 Summary

Wouldn’t it be awesome to own an online store that not only sells cool homeware and appliances but does it with a sustainable twist by focusing on refurbished goods!

Well, 3Gorillas is doing just that and is crushing it, bringing in five figures monthly by offering premium, pre-loved items like air conditioners.

🛠️ Tools Required

  • Hosting & Domain: Bluehost

  • E-commerce Platform: WordPress + WooCommerce

  • Payment Processor: Stripe

  • Inventory Management: A simple spreadsheet or Airtable (initially)

💸 Startup Costs

I’d recommend budgeting around $900 to get this rolling. You can get the hosting & domain for about $24/year, WooCommerce is free but you might want some premium plugins for around $50, Stripe has no setup fees, and you can start with a simple spreadsheet or a free Airtable plan for the inventory management. You’ll need to allocate some budget for testing and ads to ensure a solid start.

🧠 Knowledge Required

To succeed, you'll need digital marketing knowledge. Our course covers:

Other:

Case Study Analysis - Refurbished Appliances : 3Gorillas

What does this online business do? 🚀 

This online e-commerce store stands out as the ultimate online hub for Homeware and appliances.

This e-commerce site focuses on offering premium products, that are specifically targeted at selling refurbished products.

Customers can explore a selection of appliances such as the renowned Air conditioner.

Discover the strategies behind this distinctive online store's monthly five-figure revenue and delve into the tactics that have contributed to its success and potential for future expansion.

How does this online business make money? 💻

This online store offers homeware and appliances such as air conditioners, dishwashers, refrigerators, wine coolers, and kegerators.

Whether you're setting up a new home or upgrading your current space, you'll find refurbished high-quality products designed to meet your needs.

Each item is carefully selected to ensure durability and performance.

From preowned energy-efficient refrigerators that keep your groceries fresh, to sleek wine coolers that maintain your favourite vintages at the perfect temperature, there's something for every taste and requirement.

The user-friendly website makes shopping a breeze, with detailed product descriptions, customer reviews, and expert buying guides to help you make informed decisions.

Plus, they offer exceptional customer service and support, ensuring that you can shop with confidence.

This acts as the store’s primary source of income, as it specialises in homeware electronics and appliances for different needs year-round.

What has this business done well?🔥 

  1. Products Page and details 🛒📄

The store has created a meticulously organized products page, complete with highly relevant product details.

Additionally, it provides all the necessary information for making purchases through its online platform.

The user-friendly interface ensures that customers can easily navigate through various categories and find exactly what they are looking for.

Each product listing includes high-quality images, detailed descriptions, customer reviews, and pricing information.

To further enhance the shopping experience, the store offers a seamless checkout process with multiple payment options, including credit cards, digital wallets

Overall, the store’s combination of detailed product information, a smooth online purchasing process, exceptional customer service, and a focus on sustainability makes it a standout choice for online shopping.

What this business could improve?🔥🔥🔥 

  1. Product diversity 🎨🛍️

Furthermore, it is essential for the store to regularly refresh its inventory with the newest trends and seasonal items, guaranteeing that customers always encounter fresh and captivating products.

Special offers, discounts, and loyalty programs are implemented to appreciate returning customers and enhance their shopping experience.

Expanding their range of services and products to be more diverse is also a priority.

  1. Website modern appearance 💻

The online store should enhance its website's appearance to attract more customers and showcase its products with visual appeal.

High-quality images and videos of products can significantly boost the attractiveness of the website.

Interactive elements such as 360-degree product views or AR features can provide a more immersive shopping experience.

Offering personalized recommendations based on browsing history or previous purchases can also connect customers with products they are more likely to be interested in.

Regularly updating the website with fresh content, such as seasonal promotions, new product launches, and blog posts related to the industry, can keep the site dynamic and engaging.

Ensuring the website is mobile-responsive and loads quickly on all devices will cater to the growing number of mobile shoppers.

The Takeaway, What We Learned 🎓

  • Provide all the necessary information for making purchases through your online platform. Your store should have relevant information about the products and services you offer.

  • Regularly refresh your inventory with the newest and trending products on the market, to capture your clients’ interests and service their needs.

  • Offering a broader range of products and services communicates that your online business is capable and experienced enough to handle their needs. It helps the client view your online store as an expert in the market.

  • Ensure that your main online website is presentable and shows off your main products and services on offer. This is crucial as every potential buyer first considers the general appearance of your store.

It’s always a blast sharing our knowledge with you about how you can start and grow an online business.

Our newsletters unpack just how you can do it and what is popular.

Today we reviewed an online business that prides itself on refurbished products in the Homeware niche market, called 3Gorillas.

Make sure to check it out!

New jobs to check out on MaxCareers.com 💼

If you’re not quite ready to start your own business. Take a look at the jobs below. Why not learn and practice your digital marketing skills AND get paid for it?

Before You Go 👋

Thank you for reading.

Remember, if you know someone who might like this newsletter, sharing is caring.

Also, here are some quick links you might find handy 👇️

If you are ready to get started with your own business, you’ll find everything you need here: access our Digital Marketing & Business Course, connect with like-minded entrepreneurs in our Private Online Business Community, take advantage of an Exclusive Hosting Deal, and explore new opportunities on our Careers Platform.

Bye for now,

Scott Max