The Makeup and cosmetics industry is expected to continue growing in the coming decade. According to a report by Mordor Intelligence, the global cosmetics market was valued at $532.43 billion in 2018 and is expected to reach $861.74 billion by 2023, growing at a compound annual growth rate (CAGR) of 10.5%.
There are several factors driving the growth of the makeup industry. One of the main factors is the increasing emphasis on personal grooming and appearance, particularly among younger consumers. In addition, the increasing availability of makeup products through various channels such as department stores, specialty stores, and online retailers has made it easier for consumers to access a wide range of makeup products.
The North American, South American and Asia-Pacific region is expected to be the fastest-growing market for makeup, with China, the US and India being the major drivers of growth. The increasing disposable incomes and changing lifestyles in these countries are driving the demand for makeup products.
In terms of product categories, the skincare segment is expected to be the fastest-growing, followed by hair care, makeup, and fragrances. The increasing awareness of the importance of skincare, as well as the growing popularity of natural and organic products, is driving the demand for skincare products.
Overall, the makeup industry is expected to continue growing in the coming decades, driven by factors such as the increasing emphasis on personal grooming and appearance, the increasing availability of makeup products, and the growing demand for skincare products.
THE PLAN
Selling wholesale cosmetics online can be a lucrative business venture. Here are some steps you can follow to get started:
Research the market: Look into what types of cosmetics are in demand, what products are being offered by competitors, and what prices they are charging. This will help you determine what products to sell and how to price them.
Find a supplier: You will need to find a supplier for the cosmetics you want to sell. There are several options for finding wholesale cosmetics suppliers, including online directories, trade shows, and wholesale marketplaces. We provide the best original top selling products for the best price in the market so you can increase your profit margins. Check our website and save as much as you can.
Set up a website: In order to sell cosmetics online, you will need to set up a website. Choose an e-commerce platform, such as Shopify or WooCommerce, and create a professional-looking website with clear product descriptions and high-quality product photos.
Promote your products: Use social media, email marketing, and other online marketing tactics to promote your products and drive traffic to your website. You can also consider using paid advertising, such as Google AdWords or Facebook Ads, to reach a wider audience.
Provide excellent customer service: Make sure to provide excellent customer service to keep your customers happy and coming back for more. This includes responding promptly to customer inquiries and addressing any issues or complaints.
By following these steps, you can successfully sell wholesale cosmetics online and grow your business. Check our website you can have all the information necessary to start your business, from the most frequent asked questions to getting in touch with a sales representative that can guide you thought the whole process.
TOP PLATFORMS TO SELL MAKEUP
Do not think to much about it, most of our first time clients start selling make up to their closest market (family and friends) You could start easily selling products via WhatsApp, Facebook marketplace o any free listing platform out there until you have the confidence or budget to launch a proper website for your business once it has scaled up. There are many e-commerce platforms that you can use to sell cosmetics online. Some of the top options include:
Shopify: Shopify is a popular e-commerce platform that offers a range of features and tools for setting up and managing an online store. It has a user-friendly interface and offers a variety of templates and design options to help you create a professional-looking website.
WooCommerce: WooCommerce is an open-source e-commerce plugin for WordPress. It is easy to set up and offers a range of features, including the ability to manage products, process payments, and track inventory.
BigCommerce: BigCommerce is a cloud-based e-commerce platform that offers a range of features for setting up and managing an online store. It has a user-friendly interface and offers a variety of templates and design options to help you create a professional-looking website.
Magento: Magento is a powerful, open-source e-commerce platform that offers a range of features and tools for setting up and managing an online store. It has a flexible and scalable platform, making it suitable for small businesses as well as large enterprises.
OpenCart: OpenCart is a user-friendly, open-source e-commerce platform that offers a range of features and tools for setting up and managing an online store. It has a range of templates and design options to help you create a professional-looking website.
Each of these platforms has its own strengths and weaknesses, so it's important to choose the one that best meets your needs and budget. Check our website if you need more info.
WHY STARTING A BUSINESS?
Starting a business can bring many benefits, both personal and professional. Some of the potential benefits of starting a business include:
Financial independence: Owning a business allows you to be financially independent and earn a living on your own terms.
Personal fulfillment: Starting a business can be personally fulfilling, as it allows you to pursue your passions and create something of your own.
Control and flexibility: As a business owner, you have control over your work and schedule, which can give you a greater sense of flexibility and freedom.
Opportunity to make a difference: Owning a business can provide the opportunity to make a positive impact on your community or industry.
Potential for growth and success: With hard work and dedication, a business has the potential to grow and succeed. This can bring a sense of accomplishment and pride.
Of course, starting a business also comes with its own set of challenges and risks. The best part is that we provide the best customer support and resources you may need during the exiting process of starting a business.