Escootlabs.com - READY-MADE project opportunity - Sell Project

About the business

I am offering for sale a READY-MADE project or investment opportunity in the form of an online store on a catchy domain called Escootlabs.com (escootlab.com - included), which is focused on the sale of electric scooters, which are a big trend nowadays and there is a high margin on them.

First of all, I would like to stress that, given the trend and the large margins, this is an investment with a quick return. This is an ideal opportunity for an entrepreneur who is looking for an appreciation of his funds and wants to catch the wave of the trend or create another source of income in his portfolio. Or for a budding entrepreneur who doesn't want to spend long days building a business and looking for a supplier.

According to godaddy.com, the domains alone are already worth a combined $1212.

1. Let's go straight to the numbers:

High demand for electric scooters, hand in hand with high margins enriched by simplicity and a quality supplier.

Calculation:

Purchase price - $205, shipping costs from the supplier already included in the price.

Our selling price - $290

Selling price of competitors who sell models with the same specifications - $275 - $369

At the selling price set by our online shop, the profit margin comes out at:

1 unit sold - $85

5 units sold - $425

10 units sold - $850

20 units sold - $1700 (This is almost a paid off investment in the project)

Calculation of competitor's selling prices, at a higher selling price of $369:

1 unit sold - $164

5 units sold - $820

10 units sold - $1640

There is a possibility to increase the profit from orders with "order insurance" and additional sales in the form of additional seat, helmet, etc.

Order calculation with additional sales and order insurance:

1 scooter sold + shipping insurance = 85+19,9 = $104,9

1 scooter sold + insurance + seat = $85+19.9+39 = $143.9

All three models offer high earnings. Personally, I would stick to the current price at least at the beginning, it also offers nice profits.

In terms of profits, these are very nice numbers that you can achieve quite easily given the demand for these items and since you don't have to use only the online store to sell, but can also use other sales channels like Facebook Marketplace, Instagram shopping, Google Merchant, etc.

I have tested this business myself. It was primarily about quick money appreciation for me. So I advertised my scooters mainly on Facebook Marketplace, placed about 8 ads in different cities in (depending on the size of the city) and supported some ads for $3-$6 per day.

Within a few days I had over 100 people contact me and sold out almost all of my stock. Albeit at a smaller profit (Selling price - $250-$280), but it accomplished my goal.

If you take marketing into your hands correctly and use all the above mentioned sales channels + put on my tips, the appreciation of your finances will be bigger and faster than mine.

2. Opportunity:

The opportunity in the project I am offering here is not only in the sale of electric scooters themselves, which offer a high margin, but also in:

- Renting electric scooters.

- Selling insurance for the rental of electric scooters

- Sale of spare parts/accessories for electric scooters - motors, batteries, helmets, etc.

- Sale of insurance for shipments in the cart

- Electric scooter repair service

The rental and upgrade option is the thing that sets this project apart and gives you the opportunity to expand your income.

Upgrade of electric scooters - seat upgrade, battery upgrade from 35km range to 60km. (I am studying the option of a stronger battery in more detail.)

Which means that additional income can come to you not only from sales, but also from electric scooter rentals, scooter upgrades, and aftermarket insurance, either for rental or shipment.

UPSELL

The shopping cart is currently set up with the "Shipment Insurance" option, which opens up the possibility for the new owner of Escootlabs to increase the profit on the order. I have set the price as a guide, at $20.

There is also an option to set up additional sales in the cart, which can also increase your final order value. In the end, a single order can profit from selling: electric scooters, shipping insurance, upgrades, buying an additional seat. (As I mention above)

However, you certainly cannot assume with these additional sales with every order.

More information below in the text.

3. What am I offering for sale here?

I offer for sale a fully developed investment and business opportunity in the form of a ready-made project. Finding a supplier, testing the quality of the goods, setting up an online store and marketing strategy would take a lot of time and money, in this opportunity you have already done everything. Basically, you just need to get started. All the essentials are already in place.

4. What is included in the price?

After the transfer to the new owner, a "Business on Google" profile will also be created and set up on Google. With regard to rental opportunities, "Business on Google" will be set up for locations in your area and surrounding cities.

Project:

- Developed know-how

- Easy to remember domain ESCOOTLABS.COM, ESCOOTLAB.COM (worth - $1212) + company email

- Supplier contact

- Designed and responsive website, which is hosted on our own CLOUD server

- Recommended marketing strategy

- Electric scooter rental strategy

- Possible help with an affiliate program for insurance from which you will receive commissions

- Connected Google Analytics, Google Search Console

- Developed "About Us" page, including the idea of a "Rule of 4!"

Networking:

- Social Media Strategies

- Social networking profiles, including first posts

- Connected social networks

- My proven strategy on Facebook Marketplace for quick investment appreciation

- Recommended business strategy

WEB:

- My 1 month free support

- 1 month free security management and site updates

- In case there are any revisions needed on the site, I will do those as part of my free monthly support. By prior arrangement

- Premium plugins (Rankmath PRO, Semrush PRO, Elementor PRO, WP Rocket PRO, ShopEngine Pro.)

- Online store administration tutorial

- Basic SEO already set up as well

- 3 blog articles

In case you would like some specific add-ons to the website, such as: email to customer about abandoned cart, multilingualism, etc. So please contact me.

I can arrange a connection to Google Merchant and other marketplaces upon agreement.

All legalities of the store should be fine.

5. A few words about the website

I tried to put more emphasis on Brand - Scootify. This is indicated by the video on the homepage, the separate "About Us" page and the introduction of the so-called "Rule 4!"

At the moment, the website design is based on only one specific electric scooter, the Aovo ES80 (M365). There is of course no problem to expand the site with new products, which I can do for the new owner for free, in a moment.

The website is built on the Wordpress content management system and runs on a private Cloud server, which is free for 3 months, after $4 per month.

The website is fully responsive for all devices. The website is regularly backed up to the Cloud server and has advanced security against hacking, including security against DDoS attacks.

Backups can also be set up separately directly to your email using a plugin.

The site and administration is intuitive and very easy to use even for inexperienced users.

Thanks to Elementor, any part of the site can be customized and any design modifications are not restricted in any way, as is the case with boxed web store solutions (no coding knowledge required).

The store also has its own email where redirection to your personal email can be set up. Notifications of any orders will come to your personal email and you don't have to worry about missing anything.

6. What is the scooter itself like anyway?

Finding the right electric scooter was key to this business and I didn't want to start until I found a quality piece to test myself.

I ordered 2 test pieces of this scooter before I placed a large order with the supplier to make sure that customers would be happy and that there would be a minimal number of complaints (so far there are no complaints).

I have ridden the scooter for over 350 kilometres in total and have not had a single problem with it.

The waterproofing works as it should, the claimed range fits, the top speed does too.

The material is solid and of good quality. The scooter is very lightweight and can be folded and unfolded in seconds.

Basic specs:

- 350W motor

- Maximum speed 31km/h

- Range up to 35km on a single charge

- IP65 waterproof protection

- 10.5Ah battery

- Weight 12.5kg

- Frame Material - Aluminium Alloy

But what surprised me are the options in the smart mobile app, where you can set any maximum speed, for example 15km/h or also a maximum of 31km/h.

You can also set acceleration from 1-10, brake strength from 1-10, three speed modes or scooter lock. After the ride, you can then look at all the riding statistics, including battery capacity.

So this is a really high quality electric scooter. In other words, it's really a happy medium for the average person who travels around town and is looking for value for money.

Proof that this is a good choice in electric scooters is also that I have information regarding the purchase of these scooters by a large retailer who ordered almost hundreds of units of this exact model.

7. What about the supplier?

First of all, I have to point out that the supplier has several models in stock, but I was particularly interested in this one because I checked before the bulk order that this is a very desirable specification of electric scooter on the US market.

Of course, whoever wants to can expand their range to include other models.

The supplier has warehouses in the USA. The delivery time takes around 5-10 working days.

He responds and reacts quickly. The goods are guaranteed for 12 months.

If you decide to expand your product portfolio, the supplier also offers dropshipping cooperation. So you won't have to invest finances in stock expansion.

With dropshipping, you can expand your business to the next state without the need for more capital.

8. Is it a good time for this business and will people spend money on these goods considering the world situation?

The world situation has not affected this industry negatively, quite the opposite. People want to save money where they can and so they are looking for alternative means of transport to work and for everyday travel around town, for example. Not to mention the fact that the idea of ecology has been spreading around the world in recent years.

Personally, I see more and more people out and about using this "ransport. What about you?

Not to mention that college and high school students also appreciate this form of low-cost and eco-friendly transportation.

9. It's only February...

You might be thinking, who would buy an electric scooter now? I have only one answer to that. Be prepared ahead of time! Spring will come and some people will rush out to buy electric scooters.

By showing up on social media, in Google articles, etc. now, who do you think they will choose when making their purchase? Surely someone they've already come into contact with somehow and it's stuck in their head. The catchy name Escootlabs might take care of that a bit too.

The season will start and you'll be ready. (all factored into the marketing strategy)

10. Renting an electric scooter | Profit from insurance

Rental

I see the next strength of this READY-MADE Business as renting electric scooters for families, friends who want to go on a trip and don't want to buy an electric scooter for one weekend.

The rental price is currently set at $11.9-$26.9/day. Depends on the number of days.

Rental calculation

Model example for a married couple with one child who want to go for a weekend break.

3 people, 3 days - $161 rental profit.

There may also be a situation where the renter decides to buy, the so-called ideal situation - profit from renting, profit from selling.

I thought of offering people to take out insurance against theft, damage etc., which could be another source of income.

I haven't explored this further, but I'd be happy to help a new buyer with anything.

11. Service - Battery Replacement | Upgrade

Those who are serious about this business can include service, such as a battery replacement or upgrade, in their offer.

Such a battery replacement takes about 20 minutes, and some charge up to $39. In my opinion, this is a good efficient and simple way to expand your earning potential.

In addition to battery replacement, you can of course offer to sell the battery or upgrade to a more powerful battery for additional profit. (Or resell the seat.)

Not to worry, I've tried battery replacement myself and it's a very simple matter. In other words, if I've done it, anyone can do it.

11. Why don't I run the business myself?

This online shop and in fact the whole project was created with the intention of selling it to a new owner. The new owner will receive a full-service solution in the form of a new and fully developed project, which is all he needs to start with.

In terms of opportunity, I would run it myself, but I prefer to create online stores rather than run them.

Finally, thank you to all of you who have read this far. If you have any questions, please contact me, I will answer as soon as I can.