Want a Profitable Home Business? Dropship Wholesale Wellness Products
If you are in the market for a profitable home business, here is a tip for you: dropship wholesale wellness products!
Ecommerce has opened up a whole new world of opportunity and made it possible for almost anybody to have a lucrative ecommerce business, but one of the most critical criteria for a profitable enterprise is the niche you choose.
If you have a dud of a niche and are trying to dropship products that nobody much wants, your chances of being successful are slim to none.
Health and wellness is big business!
It would be hard to find a hotter niche with more potential for sales and profits than wholesale wellness products.
You should understand, though, that wholesale refers to buying wholesale products for resale, not selling products art wholesale prices. Obviously, you can’t buy at wholesale prices, then turn around and sell at wholesale prices and make enough profit to make your business endeavor viable. You must find a reputable wholesale dropship product source for the items you get for resale, and then sell them at retail prices.
Wellness products cover a lot of territory! This is an exceptionally broad niche and you might consider drilling down within to find and develop a good sub-niche so that you could better focus your SEO and marketing for your dropship business.
What sort of products would you want for a dropship wholesale wellness business? Here are a few suggestions:
- Herbal Remedies
- Allergy Relief
- Cold Relief
- Pain Relief
- Digestive Relief
- First Aid
- Sleep Aids
- And More
One thing to bear in mind is that besides being able to dropship wholesale products for humans, this is a hot niche for pets, as well. Many people are taking the view that an ounce of prevention is worth a pound of cure and working on keeping their pets healthy with supplements, vitamins and other health aids.
Check out some of these recent stats from PCG Advisors
: Healthy Food & Beverage:
- Sales of natural & organic food and beverages saw 85% growth from 2005-2009 to reach $36.4 billion at wholesale vs. 2-3% annually for conventional products.
- U.S. consumer sales of functional foods and beverages grew 22% from 2006-2009 to $37.4 billion.
- U.S. sales of organic food and beverages have grown from $1 billion in 1990 to $24.8 billion in 2009. Sales in 2009 represented 5.1 percent growth over 2008 sales.
- AC Nielsen scanner data reported FDM retailers generated $45.6 billion in sales of better-for-you products in 2009.
- In a recent UNFI trend report, 65% of consumers express the most desire for foods with organic ingredients.
- One in three (34%) people have a household member with celiac disease or wheat intolerance.
Health & Wellness:
- 61% of Americans have visited a natural foods store in the past year.
- U.S. consumer sales of nutrition products grew 4.4% to $108.3 billion in 2009. Despite the tough economic environment, nutrition product sales are expected to expand another 6% in 2010.
- Over 87% of U.S. consumers take some form of dietary supplements.
- Overall sales of supplements in the US in 2009 represented $26.9 billion at retail.
- Multivitamins alone amassed $110 million in sales in 2009.
- Sales of herbal supplements in the mass market retail channel grew 15% to nearly $900 million in 2009 representing over 17% of the total $5 billion consumer sales.
- The weight loss and diet control industry was approximately $60 billion dollars in 2009.
- 69% of Americans used some form of complementary and/or alternative medicine in the last year. There are 50% more visits per year to CAM practitioners than to traditional medicine practitioners.
- Over the past thirty years prevalence of obesity has tripled. In 2009, 9 states had an obesity rate of 30% or higher compared to no states in 2000. Today nearly three-quarters of the U.S. population is overweight, obese, or extremely obese.
- Within the health care system, studies find that obesity accounts for around $168 billion annually in direct costs, nearly 17% of U.S. medical costs.
- Health economists estimate the indirect costs of obesity are $4.3 billion a year for absenteeism and $506 per obese worker per year for lower worker productivity.
- Approximately 70% of American adults are concerned about their weight and more than half (53%) are actively trying to lose weight.
Natural Home & Personal Care:
- The single highest response in a recent PWC Survey indicated that employers planned to spend money expanding or improving wellness programs inside the United States (67%). 76% of survey participants (up from 69% two years earlier) and 85% of large employers (>5,000 lives) now offer some form of wellness program to eligible individuals.
- U.S. (non-consumable) natural products sales topped $56.7 billion in 2009 showing 9.7% annual growth.
- Surpassing a 15% CAGR over the past 5 years, natural home and personal care products have emerged as high growth sub-sectors.
- Overall growth in the (non-food) natural products industry is expected to average just over 12% through 2014.
- Female baby boomers are the largest personal care buying segment, known for their spending power, proactive health habits and dedication to product research. These women average 13+ hours online every week making the online market a powerful resource.
- Skin care remains the most important category in the global beauty market, accounting for 23% value share of total sales in 2009.
It’s easy to see that if you dropship wholesale wellness products, the sky is the limit!