Want to Earn a Living from Home? Try Dropshipping Perfume!
Anyone who wants to earn a living from home with their own ecommerce business should try dropshipping
Would you like to be your own boss…..set your own schedule….write your own paycheck and make money to go in your own pocket instead of someone else’s? If you answered yes to any or all of these questions, dropshipping might be your ticket to the kind of freedom that only comes from having your own home business.
As you will see mentioned here over and over again, (because it’s true) your niche for ecommerce is critical to your success or failure in online sales, dropship or otherwise. Success with sales of any kind all depends on the law of supply and demand. If there is a demand and you supply it---your chances of being successful soar.
By the same token, if your niche is a dud and few shoppers are remotely interested in your fuzzy flying purple widgets….epic fail.
So, the niche you choose for your dropshipping home business is crucial. Perfume is a can’t miss, tried and true proven winner of a niche. People have been concocting various formulas for centuries to make them smell good and this is a niche with a humongous global consumer demand that should provide you with plenty of potential customers year round.
Naturally, you can expect a spike in sales when you are dropshipping perfume through the holidays such as Christmas and Valentine’s Day, but this is a niche that is high on gift lists all year long for such occasions as:
- And More
If you are thinking along the lines of women’s perfume, you are on the right track since there is a big demand for it. But, don’t factor out dropshipping perfume for men, either. Men like perfume and fragrance, too, so you don’t want to overlook this part of the niche.
Here are some interesting stats from PRWeb that should furnish you with a good idea about dropshipping perfume as a profitable niche in high demand.
“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.”
According to IBISWorld, annual revenue for perfume sales is in excess of $4 billion. Wow! That really is a lot of money being spent on perfume and fragrance, so you could reasonably expect to make a slew of sales, provided you do everything else right.
Part of doing everything else right in dropshipping perfume is to choose your wholesale product source wisely. Some will say they give wholesale prices, but if you take the time to research retail prices for their products, you will discover that these so-called “wholesale” prices are more in line with retail. Obviously, you cannot buy for resale at retail prices and then turn around and sell at retail prices and expect to make any money.
The only one making any real money in this type of arrangement is the product supplier---not you.
So, be sure to select a wholesale dropship product supplier with genuine wholesale prices. While you’re at it, make sure it is a reputable business and has high quality, preferably name brand products.
If you want to earn a comfortable living from home in ecommerce, try dropshipping perfume!