It is very important to analyze a product scientifically before you even plan to sell it.
This article by Leelinesourcing is based on complete research data and analysis of the selling situation, profit margin, and future development trend of artificial succulent plants.
Make sure you read it before any purchase of artificial succulent plants.
I. Industrial Profile
Artificial succulent plants are relatively rich in the appearance of roots and leaves diameter. They are also relatively small artificial plants. Because of their small and cute appearance, these plants don’t require regular maintenances. They make a great display choice in offices, restaurants and other occasions. According to the research data, the market for artificial succulent plants is relatively young, basically post-80s or post-90s.
II. Sale Situation
1. Search Volume
When we search the words “artificial succulent plants” via the Keywords tool, we can find out that the search volume of artificial succulent plants in Amazon has been very stable in the past year. The words ‘artificial succulent plants are searched more than 100, 000 times a month.
The highest level search reached was in January 2018, of 197,274 searches whole the lowest was in December 2017 of 107,523 times. Apparently, artificial succulent plant is a hot sale product in Amazon.
2. Sale Volume
When we search the words “artificial succulent plants” via Amazon and use the Unicorn Smasher tool to view the sale situation of artificial succulent plants stores on Amazon homepage. The data shows that most of stores in the homepage have more than 400 transactions per month with a monthly turnover of $10, 000 plus. Just a few stores have only about 100 transactions per month with a monthly turnover of less than $10,000. Based on these, we can conclude that with reasonable managing, the artificial succulent plants have a huge market.
III. Profitability Analysis
When we click into an artificial succulent plant store in Amazon randomly, you can see the price of a set of artificial succulent plants. A good example in the following picture is the price of $17.99 for a set of four succulent plants. This gives us an average price of $4.5 per a single succulent plant.
However, when we search the same artificial succulent plants in Alibaba, the wholesale price is about $ 0.2 per single succulent price. That shows that the cost price of artificial succulent plants is quite low. Furthermore, artificial succulent plants have a small volume, are light weight, and very easy to preserve. This translates to low transportation and preservation costs.
In the same artificial succulent plant store, we can use the Keepa tool to check the price changes. The data shows that in the past three months, artificial succulent plant have had a steady sale price in this store with prices increasing in the month of July.
Despite the sale price of artificial succulent plant been quite low, you can easily make some good profits. This is due to the based on its low maintenance and transportation costs associated with succulent plants.
IV. Development Tendency
1. Search Volume
When we use Google Trends tool to search the words “artificial succulent plants,” we find fluctuating data in the past one year. A good example is in the month of September 2017 it reached to peak value. In 2018, succulent plants search volumes still fluctuate but the range is quite minimal. Fluctuations are quite stable and it is predicted that the search volume will keep increasing in the month of July 2018. Texas and California in the United States are the areas with the highest heat of artificial succulent plant. From all the research data above, we can conclude that the amount of artificial succulent plant search in Google is quite low as compared to Amazon.
Using the Google AdWords tool to search the words “artificial succulent plants”, in the past ONE year shows a search volume of about 100 times per month. In the month of December 2017, the search was only 50 times. Now compare this with the search volume in Amazon. You can clearly see that artificial succulent plants have less attention in Google. To get better sales, make sure you do your sales of artificial succulent plant through Amazon instead of independent website.
2. Competitive Environment
Although artificial succulent plants have a high attention and handsome profit in Amazon, selling an artificial succulent plant is not a simple thing. Actually, the competition for artificial succulent plant in the industry is fierce.
Using the Keywords tool again to check related data, we can see the artificial succulent plants have high search volumes. Their CPC has reached to $0.8 per click. Its competitive value is 1 which shows serious competition (According to the table of the Keywords tool, a product with a competitive value of 0.69-1 is a product with intense competition).
Despite the current sales of artificial succulent plants been good and the future development trend is looking optimistic, to sell such a low-cost, stable profit young products is not easy. One must be fully prepared in advance to cope with the fierce competition. To make stable profits in the fierce competition environment, control of cost is very important.
So, how do you control the cost effectively? First, you must find a suitable and reliable supplier. This is where Leelinesourcing comes in with over 10 years of purchasing experience in China. We can find quality suppliers for you and help you negotiate the best prices with suppliers. Leelinesourcing has professionals that can arrange shipment saving you the transportation costs. If you still need to take photos, labeling and other services, you can also contact our customer service staff at [email protected] or online chat. We guarantee you excellent customer service.(Related article :TOP20 Sourcing Agent Company In China)
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