This article will explain the ways that you can find business opportunities within the bag industry. It will begin by outlining the popularity of bags, allowing you to see the level of demand that exists. Next, it will explain the growth of the bag industry and list just some of the many different types of bags that you can benefit from buying. These include the likes of rattan boho bags, crochet bags, leather bags, business bags, laptop bags, backpacks and more. Then, this article highlights the times that various types of bags are bought by consumers, allowing you to understand the times of year that bags are the most successful investments. Finally, it will look at the best ways to find a business opportunity in the bag industry, as well as top tips to help you find the right products. Here’s everything you need to know.
Popularity of Bags
Bags are one of the most commonly purchased accessories on the planet. Think about the number of bags you own for different purposes. We all own a variety of bags, making them a product that is bought often and in different styles and designs.
Many of the world’s most popular fashion magazines and television shows that people wearing bags which match their outfits. Posters and pictures of celebrities show them proudly showcasing their newest bags, using them as the ultimate accessory to add the finishing touch to any fashion statement.
Bags are used every single day. Whether it’s a bag to carry items like a phone when you go for a meal with your friends, or a bag that is used to carry shopping. We use bags when we travel and we use bags to enhance our appearance, meaning they are used out of necessity, as well as for fashion reasons.
The many uses of bags makes them a very popular purchase for those of all ages. As an example, people use bags throughout their lives. For babies, a bag may be used to carry around diapers and extra clothing. For children, they bring bags to school to carry their belongings. Teenagers use bags to carry their purses and to match their outfits. Adults use bags for fashion purposes, as well as to carry around any other items, for example, if it is for small things such as a phone, or even for larger items on shopping trips or when travelling.
The Growing Bag Industry
This increased popularity and demand for bags has led to the bag industry being very profitable. With more people looking to purchase different kinds and styles of bags, there is the need for a large number of these products.
Every person will purchase numerous bags in their lifetime, matching their changing styles and requirements. This continuous demand means that the bag industry is growing rapidly, with it always being a great investment due to the number of people wanting to purchase bags.
Types of bags
There are many different types of bags that can be purchased, with each having its own unique benefits and differences. People have individual requirements and senses of style, meaning they are able to benefit from the wide range of bags available online and in stores. Here are just some of the types of bags that those in the bag industry can stock:
Rattan boho bags
These versatile, long lasting bags are one of the most common types of fashionable bags. Available in different colors, sizes and designs, a rattan bag can be a great option if you are looking to stock a versatile, weather proof bag. They are often straw coloured, which makes them stand out as an incredible purchase that fits with almost any type of clothing.
Crochet bags
These stylish bags have a unique design, complimenting different outfits while being multi functional. Their appearance makes them perfect for any time of year, with their soft and comfortable design looking great when used for any occasion. They can also be found in different sizes, from tiny bags designed to carry small items, to large crochet bags that can be used to carry large items comfortably.
Leather bags
The leather bag is one of the best known accessories that has been used over the decades. Whether it is real leather, or imitation leather, its weather proof material, shiny surface and smart design makes this a classic. They can be purchased within different budgets, with genuine leather being a more expensive material, however it also sells for a higher price and is seen as one of the most luxurious materials that a bag can be made from. They last for long periods of time, making them a fantastic investment within the bag industry.
Business bags
Business bags such as briefcases are used for work purposes, typically looking smart alongside a suit. Often black in colour, these are popular purchases for those that work in offices. These could be used every working day, or even for job interviews to help create a professional appearance and carry anything like business cards or glasses.
Laptop bags
A laptop bag is designed to safely store and carry a laptop, often including a separate compartment. Available in many different colors, they typically have a shoulder strap for easy carrying, and also have pockets for other items. They work to protect a laptop from damage, as well as looking professional and being ideal to bring into the workplace.
Cartoon bag
Cartoon bags are particularly popular purchases for children and teenagers. These often feature some of the best known characters, adding a fun twist to any bag. Coming in different sizes, people of all ages can show off these bags that feature their favourite cartoon characters, being proud wherever they go with their bag, whether it’s school, a shopping trip or a friend’s house.
Backpacks
Backpacks have two straps, making it extra comfortable to carry items around. There are many different designs of backpacks, usually featuring one main compartment with additional smaller pockets. The wide range of backpacks available makes it easy to find ones that are suitable for any customer.
Clutch bags
Clutch bags are typically smaller in size and sometimes have wrist straps. They are held, making them a great addition to any outfit. Often, these are used for specific occasions, for example for a night out or for a meal. They add a stylish look to any outfit, enabling you to bring makeup, your phone or anything else with you, while also being lightweight.
Baby changing bags or maternity bags
Baby changing bags are needed by everybody with babies, enabling them to carry about everything they need for their child. Typically, they have many different pockets to be able to store everything nearly, whether it is for nappies, bags, spare clothing or anything else.
Times When Bags Are Bought
Bags are bought all year round. Depending on the type of bag that you are looking to purchase, there may be times of year that they are more popular. To create the greatest business opportunity, it is important to stock the right bags a few months before people start purchasing them. By doing this, shoppers will know that you stock these kinds of bags and be more likely to make a purchase from you when they require one.
There are many types of versatile bags that people buy throughout the year, whether it is a clutch bag, work bag, or a leather bag. The reason for this is that people use these bags throughout the year and they are suitable for all weathers, meaning they may wear out and require replacing at any point.
Certain types of bags sell best at certain times of year. School bags are another example of a bag that is needed all year around, however there is a surge of purchases of school bags in the month before the school year begins. There are other bags such as crochet bags that sell best in certain months. Another example of this could be a beach bag, which is usually only purchased in the summer months. There are also bags that may be more waterproof or weather proof and these are bought most often in winter.
Bags are also bought as presents, meaning Christmas time is another time where large volumes of them are purchased. To make the most of the opportunity of the bag industry at this time, it’s important to buy it in advance, making sure that you can stock it ahead of when people begin purchasing bags as presents for their loved ones.
By understanding the reasons and times that people purchase bags, you are able to make sure they are in stock ahead of this time, allowing you to make the most of the opportunity.
How to Find a Business Opportunity in the Bag Industry
Now you know the popularity of bags and the incredible opportunity that lies in investing into these great products, it is time to look at the best ways to find the perfect business opportunity in the bag industry.
First, you should understand your target market. It’s essential to think about the kinds of things that your target audience like most. By taking time to learn this, you will be able to sell a range of bags that are most likely to sell fast due to their popularity.
One of the best ways to do this is to think about the typical customer. Make a note of their age, gender, fashion style and typical purchases. It’s also important to think about the amount of budget that they usually have available to spend. As an example, if you are targeting teenagers, they may prefer colourful, less expensive bags. If your target market is business women, you may opt for more smart, dark coloured bags that are more expensive as they are more likely to invest more money into buying a bag that they love.
Another way to find out what your customers want is to carry out market research. This can be done by looking online, understanding the products that sell successfully on your competitors’ websites. You can also look on social media to see which kinds of bags that people are posting pictures with most online. Another way to do your own market research is to do a survey. This can be done in person, or even online or through emails. This gives you the opportunity to find out the things that people like most. It can include questions about the size of bags, the materials they are made from, the colour they are, the types of straps or handles people prefer, the reasons they use bags, when they purchase new bags, and even the price they are willing to pay for a new bag.
Each of these steps will enable you to understand the areas with the greatest business opportunity in the bag industry.
Finding the right products
Once you know the types of bags that you are looking to purchase, the next step is to find the right ones for you. There are many sites such as www.made-in-china.com that allow you to search through a large range of different products and manufacturers, enabling you to choose the perfect supplier of bags for you to make the most of this opportunity.
When choosing the right business opportunity in the bag industry, you should consider:
- The minimum order quantity
- The price per unit
- The time for delivery
- The type of bags available
- Any other specific requirements
Summary
This article has explained the main points that you need to understand in order to find a business opportunity in the bag industry. It has explained the success of the bag industry as well as giving advice that will enable you to invest wisely and choose bags that are popular and sell well. It should have also given you plenty of ideas to get started, getting you excited to get started and begin making the most of this great business opportunity. Now you know the basics, all that you need to do is to get researching, looking for potential bags to stock.
