Wholesale Hoverboards To Sell Online
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The hoverboards niche is a high margin one for entrepreneurs looking to cash in. In 2015, over 2.5 million hoverboards were sold raking in nearly $1 billion in annual sales. The trendy product is expected to grow to $1.8 billion by 2021. Hoverboard stores can eventually expand their brand to include electric scooters, bikes or even drones. Hoverboards tend to be most popular in the United States, Austria, Netherlands, France, and Belgium. Since ads targeting Europe can be cheaper than targeting the United States, store owners can work on keeping their margins high.
The average hoverboard can cost a business owner a couple of hundred dollars. Buying wholesale hoverboards would require a startup investment of several thousand dollars to meet the demand. With dropshipping, you can start marketing your business the same day you add products to your store. You can scale your business quickly as you don’t need to spend time shipping out products and only need to buy inventory as customers purchase from your store. With dropshipping, you can even continue working your full-time job as you can automate many aspects of the business. Dropshipping also allows you to sell higher quantities of different colors and styles. You can import up to 30,000 products to your store for almost no additional cost.
Distributors offer a variety of different hoverboards. In the past few years, hoverboard technology has seen a spike advancement. Some of the devices that are more commonly now being categorized as hoverboards include self-balancing scooters and one-wheel hoverboards. That’s why distributors are also offering hoverboards under different name categories, such as segways, 2-wheel scooters, self-balancing scooters, and many more. Even though hoverboards have been around for a few years already, distributors have been taking advantage of their sudden increase in popularity. Also, there’s a rising trend of distributors providing additional safety gear along with the hoverboard itself.
When deciding which manufacturers are the best for hoverboards there are a number of factors to keep in mind, such as the maximum speed, the battery life, and the Bluetooth availability. The quality of the hoverboards is very important for customers. With the increase in popularity of the hoverboards, there have been multiple complaints of batteries getting short-circuited, or low battery life issues, and so on. To maintain the quality standards, manufacturers have to go through a set of regulated checks to make sure that the quality standards are met.
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