The portable audio market is expected to grow from USD 16.13 Billion in 2016 to USD 31.80 Billion by 2023, at a CAGR of 10.06% between 2017 and 2023. Factors such as increasing demand for smartphones as a source of entertainment, consumer preferences for portable devices, and advancements in portable technologies are driving the growth of the market.
Developments in Wi-Fi and Bluetooth speakers, and dedicated speaker docks are expected to increase consumer spending on audio equipment to enhance audio quality. The growing population of music listeners, increasing digital music sales, and popularity of the audio & video entertainment segment are expected to influence the regional market positively over the next decade
There were over 20,000 people monthly in Australia searching for portable audio devices. There were 12,000 searches for portable earphones monthly alone. Worldwide there were over 2,700,000 searches for playstation 4 alone with 550,000 searching for portable audio devices monthly. Please Note: The data shown above is derived solely from the Google search engine and does not consider search data and volume from other search engines.
The PotentialThe portable audio supplies business will become an online supplier of high end portable, bluetooth and portable audio devices such as headsets, earphones, portable speakers and docking stations. The business owner will be able to supply both consumers and businesses in Australia and various other countries with both pre-branded and with custom branding and packaging.
How Much Could I Make?Using the search data above, we take the sale price of a typical stereo portable earphones being $30. Purchasing this directly from our Manufacturer will cost approx $6, giving this product a markup of approx 400%. Therefore, if profit is $25 and you converted 0.3% of the 12,000 monthly searches for portable earphones, your revenue will be $25 x 360 (Sales) = $9,000/ month for this product alone. ** Minus Advertising Costs. ** Please keep in mind that any potential earnings or income mentioned is general in nature and dependent on a variety of factors. It is to be used strictly as a guide only. *** Profit potential also doesn’t include other forms of advertising that can be employed by the owner such as B2B email mailouts, Facebook & Instagram Marketing, Online support groups and more.
How Does it Work?
This business can be operated either as a drop-ship or locally stocked which allows you to fully control your business and even brand your products and packaging. Suppliers for this business have been sourced from Australian and International locations and contact details will be provided upon development of the business.
For dropship models you wont need to hold any stock as goods are shipped directly to the buyer and for locally stocked businesses, minimum order quantities are very low so you really only need to stock on what you need. Ask about which option best suits you.
If you are interested in owning and running this Ready to Build Business opportunity, it involves a development process that takes approximately 2 - 4 weeks and includes business name creation, logo design, website development, social media channels, content writing, marketing campaigns and much more..
What Included in the Sale?
- Domain Name Research & Suggestions
- Transfer & Ownership of domain name.
- Professionally Designed Logo
- Australian Developed Ecommerce Ready Website.
- Custom Designed Website Graphics
- Page Content Writing
- Product Import Management
- Supplier Verification
- Product Catalog Setup & Import
- Product Category Set up
- Import of at least 300 Products
- Transfer of Hosted Database
- Set up of New Hosting and Transfer
- Built-in Advanced Drop-Ship System
- Automatic Supplier Score Feature
- Ownership of all master graphics, banners and logos.
- Accounting Software Integration
- Live Chat Integration
- Site Speed Optimization
- Multi Currency Converter
- Online Payment Setup Guide
- Full Training Video Guides
- 50+ Hours of Marketing Tutorials
- 12 Months of Support by Email, Skype and Phone
- Lifetime Business Technical Support
- 100% Tax Deductible Investment
- No-Risk Business Guarantee
I'm Interested! What Happens Next?
Want to proceed and have us start to develop this business opportunity for you? Simply follow the following 4 steps to get started.
STEP 1 - Submit your Interest
If you are interested in owning and running this online business, you'll simply need to click on the 'SEND AN ENQUIRY' button above and let us know your interested in this business.
STEP 2 - We'll be in Touch
Once your enquiry is received, we'll get in touch with you to discuss the business further. If your happy, we then proceed to draft a sales development agreement for you to review and sign.
STEP 3 - Finalise an Agreement
As soon as the details for your business are confirmed including adding any add-ons and extras, our admin staff will take your details and draft a sales development agreement for you to review and sign.
STEP 4 - Development Phase
The development process commences as per the inclusion list (And any add-on's agreed upon). This'll take 2 - 4 weeks approx. Once complete, we'll ask you to review the site before handover & transfer.
Have No Cash? Finance this Business!
At Readystart we want to make it even easier for you to secure a long term turnkey business opportunity for you and your family. That’s why we now have the ability to offer affordable and easy approval loans starting from $12 / Week.
Use the Calculator below to estimate repayments then send us your finance request using the 'Apply for a pre-approval' button below.