Portable Audio Supplies Business

The wireless audio supplies business will become an online supplier of high end wireless, bluetooth and portable audio devices such as headsets, earphones, portable speakers and docking stations.

 

  • Description

Description

Market Research

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 Potential

The 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.

Profitability

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.

Suppliers

Suppliers for this business have been sourced and verified for this business from multiple countries and have been trading for over 5 years. Minimum stock order requirements are very low and certain products have no minimum requirements. Our import team will always negotiate and liaise with suppliers to enquire that products of the highest quality and pricing is always excellent including shipping costs.Furthermore by designing your own custom packaging and stationery, brand awareness will drive higher levels of traffics and sales. If carrying your own stock or branding is not something that is essential, then this business can be operated solely on a drop ship basis which doesn’t require the operator to hold any stock. This alternative model for this business allows for products to be directly shipped to customers without carrying any stock. Our system provides automatic stock level updates, in-built supplier verification system and one-click ordering from various supplies from a marketplace consisting of over 10,000 suppliers.

Inclusions

  • 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
  • Reliable Supplier Contacts
  • Supplier Liaison and Price Negotiation
  • Product Catalog Setup & Import
  • Product Category Set up
  • Import of 200 – 350 Products
  • Transfer of Hosted Database
  • Set up of New Hosting and Transfer
  • Built-in Advanced Drop-Ship System
  • Automatic Supplier Score Feature
  • Custom Stationary Design
  • Ownership of all master graphics, banners and logos.
  • Instagram Business Account
  • Facebook Business Page
  • Custom Facebook Marketing Campaign
  • Google AdWords Campaign
  • Ebay Shop Integration
  • Accounting Software Integration
  • Site Speed Optimization
  • Search Engine Optimization
  • Multi Currency Converter
  • Custom Designed Facebook Adverts & Banner
  • Stripe / Afterpay Payment Setup
  • Paypal Payment Setup
  • 50+ Hours of Marketing Training Videos
  • Personal 1 on 1 Training Sessions
  • 12 Months of Support by Email, Skype and Phone
  • Lifetime Business Technical Support

More Information

For more information and to answer any more questions you may have regarding this business opportunity, please do not hesitate to contact us .