Growing plants has never been easier than with the development of LED grow lights. You may think you have a black thumb, but nowadays, even gardening has gone high-tech. With hydroponic technology and an airflow system, it's easy to deliver water and cool air to indoor plants that might otherwise suffer. However, without light none of that matters.
LED grow lights play an important part in helping plants grow indoors or during bad weather by providing the light needed for plants to conduct photosynthesis. Our Market Research Lab will show you how these lights can help your bank account grow in addition to your plants.
Let's take a closer look at important stats you may want to look into for this product:
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A very promising 63 percent success rate is a good indicator that we've found a product that will actually move. The need for this niche is now growing, seeing that more and more people are interested in growing their own plants, whether it's flowers or actual produce.
Even more promising is the 35,022 bids on 5595 listings. That's nearly 6 times the number of bids compared to listings. The low competition rating is a great indicator that you could do well in this market.
Product Performance: How Much Money Could You Make?
The average buy it now price for LED grow lights is $327, with the average sale price $55. Although the sales can dip as low as 40 units a day, they also topped more than 250 sales on the best day. On that day, LED grow lights peaked at $5,856 in sales.
Doing some research with Traffic Travis, our very own free SEO software, is a great way to see whether adding LED grow lights to your store could help your business blossom.
This niche may be fairly new, but it does have its potential. Check out the 33,100 global searches for "LED grow lights" in the international market, and the 22,200 locally. Then check out the respectable counts on related keywords.
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Disclaimer: The information published here is strictly for informational purposes. All above products are only suggestions for items which the author believes may sell well, and this article should be viewed as opinion only. All above products were researched using methods recommended by SaleHoo and found to be potentially profitable for sellers at the time of writing. All sellers are encouraged to conduct their own market and product research.