Research and Markets latest report indicates the Global Home Decor Market size was worth $582 billion in 2017 and is expected to reach $792.6 billion by 2025, rising at a market growth of 4.9% CAGR during the forecast period of 2019-2025.
This business offers an extensive selection of quality home décor products that include art, lighting, clocks, kitchenware, bathroom accessories and more. New products being tested for customer response through online marketing are dropshipped directly from vendors to customers. Products that have successful customer engagement, are purchased in larger quantities from suppliers to take advantage of bulk quantity discounts. These items are delivered to and stocked in a third-party warehouse in Hong Kong where orders are fulfilled. The current inventory value for the items on hand is approx. $30,000 USD. Utilizing part dropship and third-party warehouse model, the owners do not handle the physical inventory.
The customer base is predominantly in the US with all sales currently converted via a Shopify storefront. The business is operated by two owners spending about 5 hours per week combined overseeing operations. Customer service is handled by one contractor. With no physical inventory to handle as well as the owners and customer service rep working remotely, the website can be run from a home-based office, is easily relocatable and can be operated from any location with internet access.
With high quality products, elegant website design, and a simple business structure, this is an outstanding opportunity for any buyer looking to acquire a profitable ecommerce business in a huge niche market with lots of room for growth potential!
Building upon its foundation and success, strategies for future growth include: Google Ads, Email Marketing, SEM, SEO, New Product Research and Facebook Ads.
This company’s key competitive advantages lie in its quality product photography and solid/aged pixel—2 years old with thousands of purchase conversions fired.