You must have a full understanding of the product you will sell before you start your niche business.
This is how yo help you avoid business risks.
In this post, Leeline Sourcing offers you a report analysis of the rubber hose business based on various statistics and research.
It will analyze the market sales of rubber hose, profit margins, and development trends of the rubber hoses industry.
1. Product Introduction
Rubber hoses are an important part of the modern industry. They are mainly used as wires and cables protection tubes for automated instrumentation signals, and civil shower hoses. A rubber hose is a steel wire braided hose. It comprises an inner rubber layer, a steel wire braid layer, and an outer rubber layer. The rubber hose is suitable for conveying hydraulic fluids such as alcohols, fuels, lubricants, emulsions, etc.
2. Sale Situation
First, we used the Keywords tool to search for “rubber hoses” to find the search numbers for rubber hoses on Amazon. Results for the past one year show search volumes on Amazon average 50,000 a month. Among these, the most searched month is October 2017 where the search volume hits a high of 88,000. The minimum search volume was in February 2018, at 58,600. From this data, we can see that the rubber hoses are a very hot product on Amazon.
We then opened Amazon and searched for “rubber hose” using the Unicorn Smasher tool to find out the sales of rubber hoses in the Amazon homepage. It can be seen that there is a far cry from each homepage store sales volume with the highest monthly volume at 2040 and monthly sales of $71,380. The lowest monthly volume was only 9 with monthly sales of $2,293. Based on this, we can say that the final transaction volume rubber hoses are quite low and the market has not been fully opened despite the good search volumes.
Using the Google AdWords tool to search for “rubber hoses” to see how it searches on Google. We found that in the past year, rubber hoses have had more than 9,000 searches per month in Google. Compared with Amazon, rubber hoses have less attention in Google. However, there is a certain degree of enthusiasm on Google, so sellers can also try to sell rubber hoses through an independent website.
3. Profitability Analysis
Next, we randomly selected a store selling rubber hoses on Amazon. It can be seen that a 6-foot rubber hose is priced at $8.99 on Amazon.
We also searched for the same rubber hose on Alibaba. The same 6-foot rubber hose had a wholesale price of $4.8. Of course, we can’t ignore its shipping costs, packaging costs, advertising costs and other costs. However, rubber hoses have a higher selling price than wholesale prices. We can speculate that the profits from selling rubber hoses are still very impressive.
Next, we used the Keepa tool to check the price changes of the rubber hose in the shop. We saw that the price of the rubber hose in the store has been fluctuating continuously over the past three months on a downward trend. The range of price fluctuations is between $8.99 and $14. Therefore, we can speculate that although rubber hoses have considerable profits, the risks of operation are greater.
4. Development Tendency
Finally, we used the Google Trend tool to search for “rubber hoses,” to see the global search situation for rubber hoses. The data shows a greater search volume globally with an average of over 50 in the past one year. These are excellent results considering the great fluctuations experienced in the past one year. In October 2017, it reached its highest value of 100. From a regional point of view, rubber hoses have the highest searches in the United States, followed by Australia, Canada, New Zealand, and the United Kingdom. Rubber hoses in these places have a high search volume and a large market.
We then used the Keywords tool to check the rubber hose competition in Amazon. Results showed a small sales volume despite the large search volumes. The rubber hose CPC in Amazon is $1.10. This means that merchants have to bear high advertising costs. Moreover, the rubber hose has reached a competition value of 1 in Amazon (according to the table of the Keywords tool, the product with a competitive value of 0.69-1 is a more competitive product). Therefore, operating rubber hoses on Amazon is not ease. You will experience profit fluctuations and intense external competition.
If you are a newbie looking to sell rubber hoses you need to be prepared for the fiercely competitive environment. To achieve stable profitability, the most important thing you must do is control costs.
How do you control costs effectively?
First, you need to find a suitable and reliable supplier. This is where Leeline Sourcing 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 the suppliers. Leeline Sourcing has professionals that can arrange shipment saving you the transportation costs. If you still need to take photos, do labeling and other services, contact our customer service staff at [email protected]leelinesourcing.com or chat with us online. We guarantee you excellent customer service.
This is an analysis report of the rubber hoses by Leeline Sourcing. We hope that the information here is helpful in your rubber hose business. We also wish you well in your business.
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