With over 100 million dieters globally, the weight loss industry is one of the biggest industries in the world. Did you know that at least $20 million is spent annually on various weight loss products? Now wouldn’t you say this is a good market to tap into?
Using the SaleHoo Research Lab, we managed to find a weight loss product that is certainly worth selling – the diet patch. The diet patch, also know as weight loss patch, is a form of medication that releases herbal nutrients through the skin. It is ideally formulated to help one achieve targeted weight loss.
Let’s dig a little deeper and learn more about this week’s niche.
Sell-through Rate: Did you really find a hot niche?
With a sell-through rate of 76.62% for the month of September, it would be hard to ignore this product! The diet patch’s sell-through rate is well beyond our target of at least 50%.
Median End Price: Is there enough room for profit?
The median end price for diet patch is $10.40. Please note that the median end price on eBay can be ambiguous because the median end price is for all listings of diet patches as well as accessories which can include bulk listings that sell two or more diet patches in a single listing. This can skew our data.
A snapshot can help us get a more accurate glimpse of the actual price a diet patch is selling for. As shown below the average price for a diet patch is $17.00 while the average Buy It Now price is $47.00, both are significantly higher than the median end price. The other hint we get from this data is that buyers clearly want the product right away and it appears that they will pay more when purchasing from a Buy It Now listing.
Total Listings, Total Bids and Total Sellers: How viable is your market?
As of last month, there were 1,330 bids placed for diet patches while there are only 154 listings. Clearly there is room for more listings to meet the demand which is nearly 10 times more than the total number of listings!
Data Trends: Are sellers hitting their target?
With sales in a relatively constant range, the highest total revenue was recorded last September 4 at $554.06 while the lowest total revenue is $165.74.
It may not be a much as the revenue shown in our previous Monday Market of the Week blogs, but it is reassuring to see that not a day went buy without a sale!
Going beyond eBay: How popular is diet patch online?
To help us answer our question, “how popular is diet patch online?” we turn to our very own free SEO software, Traffic Travis. Give it a try! Download your own copy today by visiting www.traffictravis.com.
What do these numbers mean?
With 3,600 searches globally and 2,400 in the US, it is safe to say that diet patches are being searched for even outside eBay. If done right, you can actually pull this search traffic directly to your online store and eBay listings.
Trusted diet patch wholesale suppliers
Diet patch supplier #1
The leading weight loss slimming patch manufacturer in the US since 1995, they also manufacture anti-wrinkle patches and anti-stretch mark cream. Payment for orders can be made by major credit cards, wire transfers and PayPal. They require varying order quantity for light bulk and wholesale orders. They ship worldwide.
View their SaleHoo listing (requires SaleHoo account)
Diet patch supplier #2
They are a comprehensive Chinese marketplace which acts as a platform for international buyers to purchase from various Chinese manufacturers and suppliers. They provide one of the broadest ranges of merchandise you'll find on any web based wholesaler site.
They offer a quick-and-easy online purchasing process in addition to offering all of their clients a dedicated and knowledgeable customer service team. Their tried and tested Trust Marketing and Escrow payment process guarantee a safe and secure purchasing environment. They have truly taken out the hassle of international trade by providing easy and convenient product sourcing options, secure payment and worldwide shipping.
View their SaleHoo listing (requires SaleHoo account)
To access our list of diet patch wholesale suppliers and take advantage of SaleHoo’s Research Lab mentioned above, sign up as a SaleHoo member now.
Inside you will get access to over 8000 suppliers, comprehensive training to help you find the best products to sell online and access to our members only forum full of tips and secrets from other members (including eBay Powersellers) to help you make money online. Join SaleHoo today
See you next Monday!
Disclaimer: The information published here is strictly for informational purposes. All above product items are only suggestions for possible products which will sell favorably, and should be used as a guide only. At the time of writing, all above products were researched using methods recommend by SaleHoo and found to be potentially profitable for sellers. All sellers are encouraged to conduct their own market and product research.
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