Market ResearchLuxury handbags are amongst the fastest growing segments in the overall luxury goods market. Even though the market offers products for both men and women, it is predominantly seen as women-oriented. This is owing to the relatively larger number of options with respect to patterns, colors, and sizes for women. The Australian Online Handbag and Luggage Sales industry has grown strongly over the past five years, assisted by the growing popularity of online shopping.
While the industry is small compared with the overall online retail market, it provides consumers with a new shopping avenue that offers more affordable prices and a more extensive range of handbags and luggage than traditional bricks-and-mortar establishments. Industry revenue is expected to rise at an annualised 13.0% over the five years through 2016-17, to reach $115.4 million.
There were approx 1900 people in Australia searching for womens handbags per month and 1000 monthly searching for ladies handbags. Worldwide there were almost 60,000 searches for womens handbags monthly on Google. 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 womens handbag boutique business will become an online retail store supplying high quality and trendy womens handbags and accessories. The business owner will be able to supply both consumers and businesses in Australia and various other countries with supplies 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 tote handbag is $100. Purchasing this directly from our Manufacturer will cost approx $15 , giving this product a markup of approx 560%. Profit will be $85 per sale. Hence at 0.5% of the 1900 monthly searches for womens handbags, your revenue will be $85 x 95 (Sales) = $8075 / month for boxes 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 the Business Will Work
This business is operated on a very unique model that allows you to sell goods directly to your customers without holding any stock.
Suppliers for this business have been sourced from long term International locations with fast shipping options which is especially crucial during busy periods.
With this business, 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 Online Business opportunity, it involves a development process that takes approximately 3 - 4 weeks and includes business name creation, logo design, website development, social media channels, content writing, marketing campaigns and much more..
6 Steps from Concept to Completion
The Readystart online business development involves the following processes which give you a sense of excitement and fulfilment involving multiple phases and steps in building a customised, long term and successful online business from the ground up.
Step 1. Concept & Research
Our industry and product research specialists will conduct various market and competitor research for your selected product type/s. This will include researching key marketplaces such as Amazon, Ebay and Etsy.
Step 2. Store Identity & Colour Scheme
This step involves our logo & web designers brainstorming some amazing store names initially which'll then be transformed into fabulous logo designs. From there colour palettes will be compiled & used.
Step 3. Supplier Sourcing & Product Import
Once the store structure and platform is developed, our product specialist will spend many hours negotiating with and selecting suppliers. This is then followed by the importing of unique and featured products.
Step 4. Product and Site Content
At this stage of development, we utilise the highly creative skills of our content experts to write super content for pages such as an about us and FAQ page. We'll also have amazing blog articles written as required.
Step 5. Testing & Site Optimization
One vital process is the final stages of development is the testing of various functions such as email forms, live chat tests and creating demo orders. We'll also optimize site speed to ensure a satisfying experience.
Step 6. Online Marketing Setup
In this final phase we firstly ensure that all the basic foundations are laid to get your site known online such as business directory & search engine submissions, then comes social media channels and ad campaigns .
How the Business Will Work
Our product sourcing specialists have access to multiple warehouses and suppliers from around the world enabling your store to have global trading capabilities and to ship products quickly to local customers*.
Recently, we now deal almost exclusively and directly with manufacturers rather than public marketplaces such as Aliexpress which were heavily effected by the pandemic. Through direct supply channels, we are able to secure the best deals and the latest products together with the fastest possible shipping worldwide.
While we use such marketplaces including Amazon, Ebay and many other tools for research, our focus is on securing long term supplier relationships for our business owners.
We want to make it even easier for you to secure this turnkey business opportunity for you and your family. That’s why you have the option purchase this business using our affordable and easy approval loan with ZERO interest for 12 months.
Once you've made up your mind, simply send us an enquiry and a Readystart business consultant will get back to you soon.
** To determine your repayments view more information about our finance option, please visit the interest free finance section.
CHRISTMAS BONUS Business Laptop with Every Business Sold!
Operate your online business with powerhouse performance using this business laptop that arrives with a Ultra-sleek HD display, Windows 10 Pro and much more that'll be shipped FREE OF CHARGE with every business purchased before the 25th of December, 2021.
Want to proceed and have us start to develop this business opportunity for you? Simply follow the following 3 steps to get started.
STEP 1 - Add your Business to Cart
If you are interested in owning and running this online business, you'll simply need to click on the 'ADD TO CART' button above and checkout using your payment of choice.
STEP 2 - Send an Agreement
Once purchased, we'll then start to draft a sales agreement for you to sign for your records. This will hen allow our team to get started with the development.
STEP 3 - Development Phase
The development process commences as per the inclusion list. This'll take 3 - 4 weeks approx. Once complete, we'll ask you to review the site before handover & transfer.