Want a Profitable Home Business Niche? Try Perfume Dropshipping!
For anybody who is considering starting an ecommerce home business, perfume dropshipping
might be a niche worth looking into!
Your ecommerce business will only be as good as your niche. If you choose wisely and have a niche with products that are in high enough consumer demand to keep you in plenty of traffic and sales---your chances of success in your home business rise astronomically. If, on the other hand, you choose poorly and select a niche that nobody much is interested in, your home business will start off with three strikes against it.
So, choosing a great niche is key to a profitable ecommerce dropshipping business.
Perfume dropshipping is a tried and true, proven winner of a niche. People have been using perfume for centuries and its popularity isn’t set to wane any time in the foreseeable future. Plus, there is a lot of variety possible in perfume dropshipping as you might choose to sell perfume strictly for women, just for men or both. There is even perfume made only for children.
Or, if you feel that only dropshipping perfume for one gender would be leaving money on the table, you could offer a wide range of products. One of the beautiful things about the dropship business model is that you don’t have to pay for your products up front and only pay your wholesale product source after the sale has been made and your customer has paid you for the product.
So, no worries about investing a small fortune in inventory. No fears that you might get stuck with a bunch of inventory you can’t move, either!
Here are some stats about the perfume sales industry that should give you a good idea just how lucrative a niche this is and how much potential is there for a profitable ecommerce home dropshipping business.
The recession ravaged most of the United States' retail sector over the past five years. However, operators in the Online Perfume and Cosmetic Sales industry faced steady demand from bargain-seeking consumers who opted to compare product prices on the internet.
As such, revenue grew in each of the past five years. The industry has grown at an average annual rate of 7.8% to reach an estimated $3.8 billion in revenue over the five years to 2012, according to IBISWorld industry analyst Nikoleta Panteva. Online Perfume and Cosmetic Sales industry performance has been supported by the rising use of the internet as a shopping tool. Its prevalence has allowed consumers to find the items they are seeking at attractive prices. As internet connectivity has grown, so too has industry demand.
In 2012 alone, IBISWorld expects the number of broadband connections to increase 14.8% while the number of mobile internet connections grows 27.4%. Coupled with rebounding per capita disposable income, these factors are expected to push industry revenue up 10.3% during the year.
The industry faces growth potential in currently under-represented markets, including consumers under the age of 25 and male shoppers. These segments have grown strongly over the past five years as cosmetic manufacturers tailor products specifically to them. This trend is anticipated to continue, and even strengthen, over the five years to 2017 and will underpin industry growth in the outlook period. The number of operators has risen at an annualized rate of 10.6% from 2007 to 2012 and will continue growing as operators find niche market and product opportunities.”
Perfume dropshipping might be your ticket to the Good Life with an ecommerce home business of your own, so get started today!