Home eCommerce Blog Magic Wallet - Monday Market of the Week

Magic Wallet - Monday Market of the Week

I first saw one of these a few years back, when I first went to China and they really caught my attention. If you aren't familiar with these, they are pretty cool, check out this quick video to see what makes them unique and why they are so popular. 

While I was randomly browsing through the directory I saw that one of our suppliers had stocks of magic wallets.  I figured, it might be a good idea to check if the magic wallet is a niche worth pursuing. Have we found a profitable niche? Let’s see what the SaleHoo Research Lab has to show…

Sell-through Rate: Did you really find a hot niche?

Did we hit our target sell-through rate? With a sell-through rate of 53.73% we sure have! Remember that it is ideal to pursue products with a sell-through that is at least 50%. 

Median End Price: Is there enough room for profit?

It has a median end price of $12.34. One of our supplier's offers these for as little as $1.84 which leaves a lot of room for profit. If you sell a good volume of these, you can add some solid profits to your bottom line. 

Just remember that the median end price calculates the price for different makes and models of magic wallets, so do your due diligence before you make a wholesale order. 

Total Listings, Total Bids and Total Sellers: How viable is your market?

Just look at how many bids there were for the month of December compared to the number of listings! With 2,157 bids made on only 832 listings there is certainly a viable market for magic wallets.

Data Trends: Are sellers hitting their target?

Without a day with no sales, this market is looking good. The highest recorded total revenue for December is $912.20 while the lowest recoded revenue is $163.06, not bad. Not bad at all!

Going beyond eBay: How popular is the magic wallet online?

Using our very own free SEO software, Traffic Travis, let’s check if there is a viable market beyond eBay.  Want to give Traffic Travis a try? Download your own copy by visiting www.traffictravis.com.

What do these numbers mean?

Our keyword research shows us that there are 5,400 searches made globally and 4,400 searches made in the US. Applying correct SEO techniques you can easily direct potential customers to your online store and eBay listings.

Trusted magic wallet suppliers

Magic wallet supplier #1

Committed to providing their customers with fashionable and functional handbags, wallets, and accessories at a value price, they sell brand-name handbags as well as designer inspired ones. Further discounts are given for larger purchases. Drop ship orders have no minimum, however, a small drop ship fee of $1.99 is charged with each order. They ship to various international destinations.

View their SaleHoo listing (requires SaleHoo account)

Magic wallet supplier #2

This China-based wholesale marketplace offers 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 magic wallet 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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